Philadelphia Social Innovations Lab Funding for Start Up Companies Philadelphia Social Innovations Lab Funding for Start Up Companies.

Philadelphia Social Innovations LabFunding for Start Up Companies

February 17, 2015Clifford C. David, Jr.

Conservation EconomicsPresident & CEO

President & CEO Conservation Economics

President Heritage Conservancy

Manager Northwest Park

BOARDS

Pennsylvania Department of Conservation & Natural Resources

Temple Ambler Board of Visitors

Lacawac Sanctuary

Sustainable Business Network

West Laurel Hill Cemetery and Funeral Home

Delaware Valley College Presidents Advisory Council

IMPACT INVESTING

TRIPLE BOTTOM LINE

• FINANCIAL

• ENVIRONMENTAL

• SOCIAL

B LAB

IMPACT ASSESSMENT

Governance Corp Accountability – Transparency – Governance Metrics Workers Compensation, Benefits, Training, Worker Ownership, Work Environment

Community Community Practices – Donations – Supported Org.

Environment LEED, Water/Energy use/conservation

FUNDING

Personal & Credit Cards Friends & Family

Angel Venture Capital Initial Public Offering (IPO)

WHAT WE LOOK FOR WHEN INVESTING

• Impact – Blend Mission & Money

• New Ideas/Products/Services

• Intellectual Property – Patents, Copy write, Trade Mark

• Regulations that impact business

• Other funding sources

• Skin in the game

WHAT WE LOOK FOR WHEN INVESTING

• Company Advisors

• Key staff

• Competitors

• Are you offering stock, debt, etc.

• Time to exit

• Exit strategy

WHAT WE LOOK FOR IN THE BUSINESS PLAN

• Burn Rate

• How will you scale

• Who are potential partners

• What is your differenator

• Culture

• Business Plan

• No J curves

• Pro forma – Budget/Balance Sheet

• How much money do you want/need

• How will you use the money

• Pre Money Value

WHAT WE LOOK FOR IN THE BUSINESS LEADER(S)

• Business Experience

• Experience in the business sector

• Willingness to listen and be coached

• Experience with failure

• Passion/Can do attitude

• Honesty

WHAT WE LOOK FOR IN THE BUSINESS LEADER(S)

• Values

• Focused Flexibility – Things will change

• Surround themselves with smart people

• Acknowledge Mistakes

• Creativity

• Don’t be defensive

• Know the obstacles

WHAT WE WANT AS AN INVESTOR

• Return of our investment

• Profit

• Seat on the Board/Observer

• Impact

WHAT WE BRING TO THE BUSINESS• Money

• Experience

• Contacts

• Sources for additional investment

• Focus

• Stability

• Emotional support

OTHER FUNDING SOURCES FOR START UP COMPANIES• Investors Circle – Philadelphia

• Patient Capital Collaborative

• Ben Franklin Technology Partners

• Robin Hood Ventures

• Delaware Crossing Investors Group

• Mid-Atlantic Angel Group

• Good Company

• Mayors Office of Sustainability

• Sustainable Business Network