New York SBDC Research Network

This is now old news, but we'd be remiss if we didn't mention it. Last Tuesday (11/17), Goldman Sachs announced that it was partnering with Warren Buffet to provide $500 million in a "10,000 Small Businesses" plan. I learned about it from the Wall Street Journal last week . The article focuses on the actual plans for the fund. These won't be direct loans to just anyone. $200 million is earmarked on "education and training programs" (they're big on mentoring), and the remainder will be (according to their press release ) "a combination of lending and philanthropic support to Community Development Financial Institutions (CDFIs)". The education and training programs will be targeted primarily at "underserved" small business owners, and will be taught primarily at community colleges and universities. Our own SBDC at LaGuardia Community College in Queens will be the first to offer such training, in the spring of 2010. As the WSJ arti...

It's been almost two years since I first wrote about this resource in our collection. I guess our blog has reached the age where we can dip into the archives once in a while to review some older posts. I won't repeat it verbatim (no need to plagiarize myself). However, I have done a few searches for venture capitalists this week, and, in both occasions, lacked information to create a more focused list. Most advisors, when requesting such a search, will let us know the industry in question. Also, as a general rule, we limit our results to those firms with an office somewhere in New York. However, there are two other factors worth knowing: 1) The amount of funding being sought (many firms have a minimum and/or maximum amount that they're willing to invest); and 2) The development stage of the business Galante's defines some of these development stages: Seed - Concept or idea stage. Money needed to research market and concept feasibility. Startup - Pre-operational f...