One problem, of many, entrepreneurs struggle with is finding the right investor. A partnership with a venture capital firm could be a life-long commitment and a determining factor in how successful a business would become. Inc.com outlined 5 parameters to look for when finding the right capital firm investor: Geography, Sector, Conflict, Birds vs. Turtles, and Fund and Check-size. In this article, we discuss these steps, and how Jumpstart Foundry checks all the boxes for the entrepreneur looking to make strides in the healthcare industry with a seed-stage investment.
1. Geography –Where the firm is located has influence on its connections, industry focus, networks, and often check size.
The Healthcare Industry in Nashville is booming. According to the Nashville Healthcare Council, the Nashville Healthcare Industry contributes an overall economic benefit of $46.7 billion and more than 270,000 jobs to the local economy annually. Globally, it generates more than $92 billion in revenue and more than 570,000 jobs. This is why even though your startup may not have a physical presence here in Nashville, having a healthcare venture capital firm as well-positioned as Jumpstart Foundry, could go a long way to give your business the competitive advantage it deserves.
2. Sector – Inc encourages entrepreneurs to look for investors with experience specific to their industry their startup hopes to break into. We at Jumpstart Foundry specialize in the healthcare industry exclusively. We have a rich list of investors, and continue to partner with leaders in healthcare. This helps us to place our portfolio companies at the forefront of the marketplace, together with our knowledge and experience in the industry.