Investor Connect Podcast

In this episode, Hall welcomes Josh Chapman, Managing Partner of Konvoy Ventures. Konvoy Ventures is an early-stage venture capital fund that focuses exclusively on video gaming & esports.

Josh has a background in finance and has worked at both BlackRock and Morgan Stanley. He decided that he wanted to use those skills and be a life cycle company. He then decided to get into the venture space and launch his firm.

According to Josh, Konvoy is entirely focused on investing in technology startups behind video gaming and sports. He says there is also a large need for focused investment capital in the industry. Konvoy is incredibly excited about the future of video gaming. They've gone from 100 million people in 1995 that played video games to now north of 2.6 billion people that play. That breaks down between about 2.1 billion on mobile, 1.1 billion on PC and about 700 million on game consoles. The future is very bright for the industry.

Direct download: Josh_Chapman_of_Konvoy.mp3
Category: -- posted at: 4:42pm CDT

I’m often asked where startups should look for funding. There are many sources.

First, start with your family and friends, as they already know you and believe in you.

Second, expand the circle to include current and previous coworkers.

If accelerators are appropriate for your deal, then consider those not only in your geographical area but also in your sector. Most accelerators take companies from across the country. Many are now offering funding of $150K or more.

Third, look for a local network of angel investors.

Fourth, ask around for family office investors in your area. These are high networth individuals who have organized their startup investments into a formal process.

Finally, approach venture capital, but only if you have a deal that fits the VC funding model, which looks for a 10X return, a scalable business model, strong growth and an experienced team.

There are literally tens of thousands of investors in the startup world today. The key is to gain an introduction, make a pitch, and then follow up to close.

In summary, it’s best to start with those you know and use their funding to show support and momentum to those further out in your network.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today!

Direct download: Startup_Funding_Espresso_--_Where_to_look_for_funding.mp3
Category: -- posted at: 9:41pm CDT