Things have changed for small businesses in the U.S. and in Michigan in the last several years. How is a small business supposed to start up with more obstacles in its way when it was never that easy to begin with?
MidMichigan Innovation Center is hosting speaker Ken Kousky to answer that question with a presentation on crowd funding, or community-based funding, at a March 27 event at the center in Midland.
"It's clear that financing for small businesses in the United States has been hit by the perfect storm--and remember, perfect storms are very bad things," says Kousky. "The loss of home equity removed the leading source of collateral for small businesses. The recession removed operating cash flow to service a growing company's debt. Finally, the global technology transformation increasingly builds businesses that are low on physically intangible goods which prevents them from being collateralized."
The presentation will be followed by lunch, and discussion is encouraged. Kousky is president and CEO of
IP3, Inc. of Saginaw. He has had successful start-up businesses, and taken his companies through mergers and an IPO. He also is president of the Blue Water Angel Investment Fund.
Registration is open
online until March 27, when Kousky will speak on "Crowd Funding 101" from 10 a.m. to 12:30 p.m. Remote access is available at a $10 ticket price, with the in-person attendance tickets at $25, which includes lunch.
Writer: Sam Eggleston
Source: Ken Kousky, MidMichigan Innovation Center
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