“Funders can decide to put philanthropic capital, investment capital, and in terms of loans or equity behind underinvested founders from across the US.” DrRoshawnna
Roshawnna Novellus, EnrichHER founder and CEO, joins Yahoo Finance's On the Move to talk about how her platform is connecting women-led businesses with investors.Well, we all know the Paycheck Protection Program has given a lifeline to some small businesses, but not all of them. For some of them, it hasn't been enough. And not all of them have had access to it. There are, of course, other ways to invest in small businesses. And joining us now is someone who can help you do that.
We were able to fund her company, and shortly thereafter, she closed an additional $300,000 loan. And by the end of 2019, she grew her business to $4 million in revenue, when she started that year at $1.2 million.Roshawnna, where did the number of investors come from? I know you said there's philanthropic investors. And then how do you get the companies that need the funding to the platform?There's so many companies that need funding that they find us.
And so funders who say, hey, yes, I want more women out there with more economic power, hey, I want more people of color out there with economic power can come find us and decide how they want to allocate their capital. In terms of the minimum allocation size, it varies, depending on the type of investment that they want to do.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Five Startups Helping Companies To Survive And Thrive Beyond Covid-19Few businesses emerged from Covid-19 lockdown unscathed. Some didn’t survive. Yet a surprising number used the challenges and difficulties they were experiencing to help others not only survive the pandemic but be in a better position to thrive once lockdown restrictions are eased.
Weiterlesen »
Coca-Cola launching Topo Chico Hard Seltzer as brands from Sam Adams parent and Molson Coors soarCoca-Cola said it would be investing in brands and products with growth potential, like Topo Chico, and shutting down other “zombie brands.”
Weiterlesen »
In emerging markets, short-term panic gives way to long-term worryFor emerging economies, trade and foreign investment are sources of hard currency and know-how. The pandemic has disrupted both
Weiterlesen »
European stocks turn higher as improving economic data offset downbeat bank resultsEuropean stocks turned higher on Monday after early losses, as improving data on the economy helped offset disappointing results from HSBC Holdings and...
Weiterlesen »
Op-Ed: A 'COVID safe' business certification could help end the open-closed-open madnessBusinesses that earn a 'COVID safe' designation could be protected from broad, sweeping closures if COVID-19 cases spike again.
Weiterlesen »
Victoria declares 'state of disaster,' locking down millions in MelbourneThe premier of Victoria plunged Australia's second-largest state into a 'state of disaster' on Sunday, announcing even stricter lockdown measures, introducing a nightly curfew and banning virtually all trips outdoors after the region announced 671 new infections in a single day.
Weiterlesen »