Kevin Jurovich

Why Buying Your First Business is the hardest & Financing The Fear is Being seen as too risky by lenders and investors. The Solution: Prepare a solid business plan with detailed financial projections. Work with a financial advisor to enhance your credibility. Consider alternative financing options like SBA loans or seller financing.

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That's why it's often very difficult to recognize new leaders – their ideas go beyond the conventional frameworks we're accustomed to. Keep your mind open. Don't let yesterday's templates define your future. #Leadership, #Innovation, #OpenMind, #FutureThinking, #venturethinking,   https://lnkd.in/eASPGsuu

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Want to build wealth faster? Skip startups. Buy Boring Old Businesses. Here’s why: 1. They’re already making money. 2. They come with customers, systems, and momentum. 3. They’re undervalued – 2.5x profits is standard. 4. SBA loans or seller financing make them accessible. 5. Easy profit boosters: raise prices or add new products. 6. They’re easier to scale than startups. Startups fail 65% of the time within the first 5 years. But "boring" businesses? They’re built to last. Don’t build from scratch. Buy something proven. If you could buy a "boring" business, what type of business would you buy?

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🌟Innovative VC Firm Overcomes Exits Drought with Secondary Sales🌟 ⛵Navigating a challenging landscape where exits are scarce, Santa Barbara Venture Partners (SBVP) has pioneered a novel approach to sustain its growth and attract investors for its second fund: secondary sales. Instead of waiting for traditional exits like IPOs or acquisitions, SBVP opted to sell shares of its portfolio companies, demonstrating its ability to generate returns for investors and stand out in a competitive market. 🎤According to Dan Engel, founder and managing partner of SBVP, these secondary transactions have been a game-changer, sparking investor interest and bolstering the firm's credibility. By leveraging its recent successes, including a lucrative stake in sports-betting company DraftKings Inc.' acquisition of digital lottery app Jackpocket, SBVP seized the opportunity to return profits to its limited partners (LPs) and pave the way for its second fund. 💡Engel highlighted the challenges faced by young VC firms in raising subsequent funds, particularly amid a downturn in exit activity and heightened investor scrutiny. With traditional exit routes becoming increasingly elusive, the pressure is on for firms to demonstrate tangible returns and establish a track record of success. ✨"For us, secondary sales have been a game-changer. They've helped us return profits to our LPs and attract investors for our second fund," said Dan Engel. 💰For SBVP, the decision to pursue secondary sales was driven by the need to provide liquidity to LPs and validate its investment thesis in the eyes of prospective investors. By strategically offloading portions of its holdings in high-performing portfolio companies like Bark Technologies and Rad AI, SBVP not only generated substantial returns but also bolstered investor confidence in its ability to deliver results. ⚠Despite the complexities and potential stigma associated with early share sales, Engel emphasized the importance of prioritizing investor returns and seizing opportunities to unlock value for stakeholders. With a focus on profitability and transparency, SBVP remains committed to its mission of delivering sustainable growth and maximizing returns for its LPs. 🔍 "Returning profits to our investors is our top priority. By strategically selling shares, we're proving our commitment to delivering results and driving value for our stakeholders," added Engel. As SBVP continues to explore secondary transactions and expand its investor base, the firm stands as a testament to innovation and resilience in the face of market challenges. 🚀 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VCInnovation #SecondarySalesSuccess #InvestorReturns #ValueCreation 

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Exciting news for startups! California accounts for about 50% of all venture investments. The not-so-secret reason is that non-competes are illegal in California, so engineers at FAANGs can build competitors without fear. Today, the US Federal Trade Commission declared non-compete agreements illegal nationwide. This means that engineers at big tech companies can now leave and build their own companies without fear of violating a non-competes (legacy agreements for executives are still enforceable - talk to your lawyer), this is a step in the right direction for fostering innovation and competition across the country. A variety of big-business groups have vowed to sue to bring non-competes back, but at least for now, they're gone! #startups #innovation #competition #noncompete Official Announcement: https://lnkd.in/gRXUpgDy Impending lawsuit: https://lnkd.in/gqSiVuTd

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Create Health Ventures Launches Inaugural $21M Fund for Early-Stage Digital Health Startups  Create Health Ventures, a venture capital firm focused on early-stage digital health companies, has closed its debut fund, raising $21 million, surpassing its initial target. Launched in 2024, Create Health Ventures is based in Austin, TX, and Chicago, IL. The firm focuses on technologies that enhance healthcare access, improve patient experiences, and deliver value across payers, providers, and pharmaceutical companies. *Its primary focus includes:   1. Payer-Facing Technologies: Solutions that improve member experiences, enable seamless data and workflow integration, and scale technology across geographies.   2. Clinical Trial Enablement: Tools to help pharmaceutical companies recruit and retain participants for late-stage clinical trials as demand increases. *Founders and Approach:   Create Health Ventures was co-founded by Emma Cartmell and Amit Aysola, healthcare veterans with over 45 years of combined experience. They bring operational expertise, regulatory insight, and an extensive network to portfolio companies. The firm exclusively invests in startups led by healthcare industry founders, leveraging its unique value-added platform for scaling businesses.  *The platform includes: - Business development support   - Access to executive coaches   - Connections to healthcare leaders   - Cross-selling opportunities among portfolio companies  *Key Quotes by GPs:  - Emma Cartmell: “Founders from the healthcare industry understand the challenges and opportunities to improve patient outcomes. Supporting them is the most impactful way we can positively transform healthcare.”   - Amit Aysola: “Payers and pharmaceutical companies are driving demand for connected, scalable solutions, and we are investing in companies to meet these needs.”  *Investments and Impact:  The firm has made five investments so far and partners with foundations, impact investors, and strategic healthcare veterans to mentor portfolio companies.  *Portfolio CEO Feedback:   - Dr. Chip Grant (Watershed Health): “Create Health Ventures has been invaluable in scaling operations and fundraising.”   - Shara Cohen (Carallel): “They are the most collaborative and active investor team I’ve worked with.”   - Neil Batlivala (Pair Team): “They’ve helped us manage growth and reach underserved communities.” If you are experiencing difficulties in raising fresh capital and would require warm introductions to new LPs, contact G+QUANT     ▶ Please use G+QUANT's link for inquiries and fund decks, or send your inquiry directly to [email protected] #VentureCapital #DigitalHealth #HealthcareInnovation #Startups #ClinicalTrials #PatientCare #HealthTech #HealthEquity #CreateHealthVentures

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💰Contour Venture Partners Raises $42M for Fifth Fund 💼 Introduction: Contour Venture Partners, a New York-based seed investor known for early investments in companies like Datadog and Movable Ink, has raised $42 million for its fifth fund. The firm is targeting $90 million for this flagship fund and has been actively fundraising since May 2023. 💡Key Points: - **Fundraising Progress**: The firm closed on $42 million from 64 backers, aiming for a total of $90 million. It had previously raised $20 million as part of a parallel fund. - **Market Context**: Fundraising has been challenging for venture funds recently, with overall venture fundraising down more than 50% last year compared to 2022’s record-breaking numbers. 📝Investment Strategy: - **Check Sizes and Focus**: Contour writes checks between $500,000 and $1.5 million, primarily leading rounds in seed and early-stage companies. It focuses on sectors like SaaS, digital media, and financial services, with a preference for companies based in New York or the Northeast. - **Track Record**: Despite not having a massive war chest, Contour has a strong investment track record. Notable successes include:  - Datadog: Early investment in 2011, which IPO'd in 2019 with a $7.8 billion valuation.  - OnDeck: Invested in 2006, went public in 2014 with a $1.3 billion valuation.  -Pendo: Active portfolio company, raised over $460 million, valued at $2.6 billion.  - Movable Ink: Content personalization startup, raised nearly $100 million, valued at $1.3 billion. 👩‍👩‍👧‍👦Firm Background: - **Founders and Leadership**: Contour was founded in 2005 by Matt G. and Bob Greene, who continue to lead the firm. - **Capital Raised**: Over its nearly 20-year history, the firm has raised more than $370 million across four flagship funds and three opportunity funds. 🕯Conclusion: Contour Venture Partners continues to make significant strides with its fifth fund, demonstrating resilience and strategic prowess in a challenging fundraising environment reported TechCrunch. ✅ Looking to raise capital for your #VCfund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments (Series A/Series B)?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #ContourVenturePartners #StartupFunding #Datadog #MovableInk #InvestmentStrategy #SeedFunding #TechInvesting

The Techstars B2B Services Guide is live. This guide connects you with over 300 Techstars companies offering a wide range of B2B solutions  – from legal automation to employee benefits. Worth a look if you're scaling your business. Check it out: https://lnkd.in/gEs5pci9 

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An interesting article below, that demonstrates out how San Diego is punching above its weight.  And how Connect's strategy and execution over time, contintues to be central to that success. The article describes the current state of the market in Seattle.  (And i love Seattle.) It's a market that we tend to track with relative to venture fundings.  They used to kick our butts, we outraised them each of the last three years.  This despite the fact they have 3x as many funds there, and 9x the amount of resident capital there. (per pitchbook) Some key takeaways:  * They continue to compare themselves to SIlicon Valley. Instead, we leverage our proximity. *They whine there's not enough local investors (see note above - they have more than us). We bring over 200 VCs to SD annually! * They say founders are not connected with one another. We bring CEOs together regularly, in a variety of ways - private dinners and through our Springboard program. * They say they need to elevate their image on a national & international stage. Why we created and continue to build Five.Ten.Thirty (aka Inno Day).  * And the last paragraph - they need to concentrate on making their region a great place to live. Our mantra: "It's about Better, not Bigger." (See XEO, TL Fund). THANK YOU FOR ALL OF YOUR SUPPORT. WE ARE ON A MISSION TOGETHER!!!  (Comments, whining, suggestions on SD always welcome.) https://lnkd.in/g6Rq_f2Y

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Having a Cars and Capital event tomorrow in Southern California with Oren Klaff. If you want to join message me. https://lnkd.in/gDQ4D39u Oren Klaff Bridger Pennington #InvestorEvent #FamilyOffice #InvestmentOpportunity #CarlsbadEvent #PrivateEquity #WealthManagement #InvestmentConference #CapitalRaising #NetworkingEvent #IndustryLeaders #FinancialGrowth #InvestorsMeetup #WealthBuilding #BusinessGrowth #InvestmentForum

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Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses and raised $110 million from investors including Bain Capital and Shopify, has abruptly shut down, according to a notice posted on its website. This should bring awareness to businesses that rely on one source for SAAS cloud storage. #startups #venturecapital #SAAS #cloudcomputing

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Day 92: LvlUp Labs – The Hub for Founders in LA! Exciting news, friends! I’m pumped to introduce LvlUp Labs, powered by LvlUp Ventures! LvlUp Labs is an exclusive, founders-only membership community and workspace in Los Angeles – and if you’re a startup founder looking to level up your game, this is the place to be. Here’s why it’s so DOPE: Collaborate & Innovate – It’s a curated space where high-growth startups come together, share ideas, and scale faster. Plus, it’s filled with incredible event programming, mentors, and partnerships that help accelerate growth. Epic Events – From intimate networking mixers to big productions, LvlUp Labs fosters real connections between founders, investors, and the entire venture community. You never know who you’ll meet! Hands-On Resources – Need more than just a cool office? LvlUp Labs has an entire VC ecosystem at your disposal – mentors, investors, and industry leaders are on-site regularly to help you level up. Ready to join the most dynamic startup space in LA? Drop a comment below if you want to learn more about joining our founder community! Let’s make the next days of our journey count, filled with more stories, inspiration, and community impact! P.S. Want to get involved? If this resonates, repost, to share with others ♻️ and follow Javy Martinez for more in the future.

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Industry Ventures raised $900M for early-stage VCs Industry Ventures has raised a $900 million fund to support small, early-stage venture capital (VC) firms and their breakout startups. This is the firm’s seventh hybrid fund and is over 50% larger than the $575 million raised in 2021. The new fund will be divided into three areas: 1. backing VC funds (40%), 2. directly investing in Series B startups (40%), and 3. acquiring stakes in emerging investment firms from other limited partners (20%). Despite widespread challenges for smaller funds in today's venture fundraising environment, Roland Reynolds, senior managing director at Industry Ventures, notes that their managers are still successfully raising funds: “We’ve seen the vast majority of our managers are getting their funds done. It might take them a quarter or two longer, but most are [raising] larger fund sizes.” The firm continues to support more established small managers, such as IA Ventures and Altos Ventures, and is particularly optimistic about experienced investors leaving large firms to start new funds. For direct investments, Industry Ventures is focusing on the best Series B companies sourced from its manager relationships. Recent investments include online banking platform Relay and robotics company Cobot - Collaborative Robotics, Inc, with check sizes ranging from $2 million to $12 million. Founded in 2000 by Hans Swildens, Industry Ventures is primarily known for its secondary investments and now manages over $8 billion in assets. ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments (Series A/Series B)?   ▶ Please use G+QUANT's link for inquiries and fund decks, or send an inquiry to [email protected] #VentureCapital #IndustryVentures #EmergingManagers #Startups #SeriesB #SecondaryInvestments #VC

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In this video I discuss 5 Ways to Find Investors for Your SMB Acquisition in 2024 https://lnkd.in/equZPg5t

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🚀 SOSV Announces $306M Close of SOSV V Fund to Fuel Deep Tech Innovation in Human and Planetary Health 🌍💡 🔬 Led by Sean O'Sullivan, SOSV is a multi-stage deep tech venture investor with a focus on "human and planetary health". 💼💉 🌱 The fund will prioritize investments in deep tech startups contributing to decarbonization and re-industrialization, alongside ongoing support for health-related ventures spanning from therapeutics to medical devices. 🛠️🔍 🌐 Limited partners include corporates, sovereign wealth funds, institutional investors, and private family offices globally. 🌎💰 👨‍💼 SOSV operates startup development programs IndieBio and HAX, supporting founders from pre-seed through later stages, resulting in about 200 investments annually. The ecosystem spans 40 countries, with 800+ startups in its portfolio. 🚀🌟 💼 In the past 18 months, the firm has opened two new spaces—IndieBio New York at 7 Penn Plaza and HAX in Newark, NJ—with $25M in grants each from Empire State Development (ESD) and New Jersey Economic Development Authority (NJEDA), and also relocated and expanded the IndieBio San Francisco location. 💡💼 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #DeepTech #Innovation #HealthTech #PlanetaryHealth #Decarbonization #Startup #Investment #SOSV #TechInnovation #GlobalInvestors #EconomicDevelopment

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You are missing the point. You will never get funded by a VC. Why? VC firms want: 100X return on Seed investments. 15X return on Series A funding. 5X return on late-stage funding. All in 5 years. Why? 65% of VC backed companies fail to return their original investment. 50% of VC backed companies fail to return ANY invested capital. They go out of business. You need to show your competition is making these returns and why you will be able to. Saying you can or showing projections won't work. REG D or REG A+ offer a better alternative. Contact us today. Discover your options. We advise companies raising $10 million or more and where to find the money. Are you chasing the VC dream?

118 VCs (one hundred eighteen!) are gathering in San Diego next week - to meet with 30 SD startups. But it's so MUCH bigger than just those 30 co's. It brings VCs back - when they see quality companies. It helps those who are next-in-line and adjacent. It enables us to send deal flow all year 'round. It attracts talent and other companies. It inspires entrepreneurship. Connect is working for SD. Together, we're building the best damn innovation ecosystem on the planet. Year over year. Five.Ten.Thirty.

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Diversification is the secret sauce to success in startup investing. You need at least 10 direct investment per year or invest selectively and back a fund.

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