Season Two: Episode Ten — An overview of funding options available to early stage companies, timelines for seeking funding and achieving profitability, and the role and expectations of investors.
Episode Description: William de Wolff (Fordham Law ‘20) and Kei Komuro (Fordham Law ‘21) interview Robert B. Nolan, Jr. (Fordham Law ’77), Managing Partner at Halyard Capital about various stages of capital raising including seed capital, venture capital, and private equity; how to attract investors; and how to raise money for your business.
- [:30] William de Wolff and Kei Komuro introduce themselves and Robert B. Nolan, Jr, who shares the beneficial role that legal training played into his transition from law to private equity.
- [5:06] The spectrum of funding within the world of seed capital, venture capital, and private equity, and key characteristics of each stage.
- [11:04] At what stage do investors want to see a profit from their investments?
- [12:35] The importance of receiving operational expertise and guidance, in addition to financing.
- [14:50] Common concerns of investors regarding practical, legal, market changes, and management issues, and how investors evaluate the profitability of a startup.
- [20:10] Advice regarding the concerns of entrepreneurs seeking capital through private equity.
- [27:14] Why investors need to be kept well informed by struggling entrepreneurs.
- [29:34] The value of social innovation and positive environmental, social, and governance (ESG) factors in the investment world.
- [38:42] Options beyond certified B corps or benefit corporations that companies can take advantage of to incorporate a social mission.
- [42:18] A look at the future of capital funding supporting social initiatives.
- [44:54] Mr. Nolan’s recommendations for entrepreneurs who are attempting to become investors or to get access to pools of capital, and the importance of intellectual property in attracting investors.
Mentioned in This Episode:
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Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City.