Pathways to Capital: Denver, CO

On March 23, 2023 we hosted Pathways to Capital, an event in Denver, CO to help entrepreneurs understand their funding options. We learned so much and are eager to share! Here are our three big takeaways from the conversation.

🤝 Building your network will support your business in more ways than one

Whether you’re looking for financing, or a network of entrepreneurs who understand the day-to-day challenges of running a business, it’s important to make connections before you need them. 

“Social capital is one of the number one predictors to success in business. It's not necessarily about the money, it's about your network,” Stacy Taubman, a multiple-time startup founder and current Chief Revenue Officer at House of Revenue, shared during the “The Right Time is Now: Why You Should Explore Capital Before You Need It” panel during Pathways to Capital. Successful businesses require capital and connections.

💰 Connecting with local financing resources opens new doors 

How do you find the best resources for you? Start with the support available in your community!

The Small Business Administration (SBA) is a government agency with resources to support small business owners in all 50 states. Find Small Business Development Centers near you to receive counseling and training for your small business and to connect with resources like trusted local lenders.

"Your federal tax dollars have already paid for this. So why would you not take advantage of that?" Frances Padilla, the Colorado District Director for the U.S. Small Business Administration, shared during the “Funding Opportunities in Your Backyard: Where to Find Business Financing in Colorado” panel at the event. 

🙅‍♀️ Saying “no” to opportunities doesn’t mean “never”

When a huge opportunity is presented to you and your business — whether that’s a potential investor or an opportunity to get your product on big-box shelves — your first instinct might be a resounding, “yes!” But are you sure your business is ready for that milestone?

Regina Trillo, Founder of Nemi Snacks, recently said no to a huge opportunity for her snack brand — a distribution agreement with Target — because she only felt financially prepared to fulfill part of the order request. “It’s a mutual relationship and a choice you can make,” Regina shared during the “Don’t Run Out of Money: How to Manage Your Business’s Cash Flow” panel. And while it’s no for now, the door is still open when the time is right!

To get the full event experience, check out our replay playlist on YouTube.