Other
Funding Sources by Company Stage
Crowd Source Funding
Grants (SBIR)
Grants (DOE, DOD,etc)
Debt
Unsecured Personal Credit
Private Equity ($$$$)
Angels/ Seed Funds ($$)
Asset lending ( AR Factoring, PO Financing, etc)
Micro Loans
SBA Backed Lending
Bank Lending
Equity
Strategic Partner ($-$$$$)
Private Equity ($$$$)
Venture Capital ($$$)
Angels / Angel Funds ($$)
Founders, Friends & Family ($)
Concept
Early
Growth
Expansion
(Pre- revenue)
(Revenue /
Not profitable)
(Revenue /
+/- profitable)
(Strong
Profitability)
Regional Equity Capital Sources
Concept Stage
Battleborn Fund
Originate.com
NCET2.org
Growth Stage
Hamilton Lane (NCIC)
Sun Mountain Capital
Technology Ventures
Early Stage
Reno Angels
Battleborn Fund
Sierra Angels
Sacramento Angels
Vegas Valley Angels
Vegas Tech Fund
Expansion / Buyout
DCA Capital
Berkshire Bridge Capital
Brennan Capital Manage
Northstar Investors
Tregaron Capital
Regional Lenders & Debt Sources
Seed Stage
 Nevada Microenterprise
Initiative
 Peer-2-Peer Lending
Prosper.com
LendingClub.com
Growth & Expansion Stage
 NV Collateral Support
Program
 Commercial Banks
 Private Equity


Early Stage
 Few Commercial Banks (w/
SBA Guarantee )
 RNDC – Rural Small Biz
 Loan Brokers
DCA Capital
Sun Mountain Debt Fund
Alternative Financing Sources
Grants
SBIR/ STTR (SBIR.gov)
NCIAA
NCET2.org
Crowdsource Funding
Kickstarter.com
IdeGoGo.com
TechStars.com
FundingLaunchPad.com
Asset Based Lending
(Accounts Receivables /
Purchase Orders)
ReceivablesExchange.com
Bibby Financial
CONS
PROS
Debt vs. Equity
DEBT
EQUITY
- Generally less expensive than
equity
- Interest can accrue
- Assets can be leveraged
- Can be relatively straightforward
- Lenders have little voice in how you
run your business
- Can be best of both worlds for seed
if convertible
- Simpler legal docs
- Relatively flexible timeline for success
- Does not inhibit cash flow, working
capital, profitability, etc.
- Aligned interest
- Equity investors often add value to the
business (experience, relationships,
etc)
- x% of something is better than 100% of
nothing
- Interest payments eat into cash flow,
working and growth capital
- Accrued interest accrues
- Terms act as a ‘deadline for success’
- Secured by company assets
- Lender is in first position
- Once a company is leveraged, it
becomes less attractive to equity
investors
- Lenders provide little value add
- Generally more expensive than debt in
the long run
- Hard to find
- Bringing on equity investors is like a
marriage
- Equity investors can be highly involved
in and opinionated on how you run
your business – loss of autonomy
- Equity investors want an exit
- Complicated legal docs
* source: lendio.com
•* source: lendio.com
* source: lendio.com