The Louisville, Kentucky business community holds a gem that is harbored by Greater Louisville, Inc. (Louisville, KY’s chamber of commerce). It is known as “EnterpriseCorp”. EnterpriseCorp provides advice and growth capital services for local businesses.
EnterpriseCorp assesses and assists your business through the use of benchmarking, operational analysis, strategic development, and implementation of the strategies. EnterpriseCorp’s advisory counsels are comprised of successful individuals who provide beneficial advice.
Growth Capital is imperative in the development and the continuation of your business. EnterpriseCorp can be used as a mechanism to help identify capital streams in various forms (e.g. grants, angel investors, accelerators, venture capital, and equity funds). EnterpriseCorp can introduce you to the players in the growth capital arena.
EnterpriseCorp is headed by Tendai Charasika who holds the position of executive director. Tendai is energetic, savvy, and is well positioned to assist the Louisville business community. Recently, EnterpriseCorp held its 2013 Signature Event at the Kentucky Center for the Performing Arts. As part of the event, a panel discussion was held addressing the availability of growth capital, other funding, and what investors are looking for in a company. The panelists included Jonathan Blue, chairman & managing director of Blue Equity; Dale Boden, president of BF Capital, Inc.; Tony Schy, managing director of Velocity Southern Indiana; and Wright Steenrod, partner of Chrysalis Ventures.
The consensus of the panelists was that metropolitan Louisville’s present economic ecosystem (including availability of growth capital and entrepreneur support) has filled in the gaps that existed as recent as five years ago. However, our community still has a long way to go. Traditional sources of capital (e.g. banks) have significantly reduced available funding. Therefore, the business community is seeking financing from other investors such as angels and venture capitalists. Today’s investors are looking for companies that have something to sell and generate revenue. The days of solely investing in an idea no longer exist. Furthermore, the panelists agree that at least 95% of their decision to invest in an entity is based on that company’s management team.
Investors are also looking for “clean” operation through proper legal documents. Investors seek out companies that are set-up properly and have mechanisms in place to best protect the entity. Some of these items include registrations with the appropriate governmental agencies, noncompete, nondisclosure, and nonsolicitation agreements entered into with employees, leases, written contracts, and indemnification agreements. It is important to have a competent lawyer put these pieces together so that, not only will your business benefit from the obvious protections afforded by these items, they also will greatly enhance your company’s chances to procure capital.
Using EnterpriseCorp’s resources in tandem with your attorney can assist with your present needs and propel your company to the next level.