You're a local business owner. You've had some success—loyal customers, traction in your community. Now it's time to grow, and you may need to raise money to fund that growth. Sidewalk Ventures offers an alternative to traditional fundraising for local business. Rather than turning to a bank or angel investor, we work with clients to raise money from community-based investors: local supporters, customers, admirers and advocates who may not have untold riches, but do have the ability to make relatively modest investments in your business for real financial return. Here's a summary of how the process works:
We start by assessing your overall business plan, financial projections and funding needs.
If it looks like you may be a fit for a community-based fundraise, we work with you to analyze different funding scenarios, craft the right financing structure and terms for your business's needs, develop an investor pitch packet, and help you reach out to potential community-based investors from your network and ours.
Depending on the nature and scope of the fundraise, we may incorporate powerful technology to handle things like investor info verification, document signature and exchange, investor notifications, movement of funds, etc. For a typical transaction, we partner with the platforms such as Localstake and Michigan Funders to provide the necessary technology.
As a deal progresses through closing, we help you navigate the technical issues that come along with raising money, ensuring the process doesn’t pull too much of the your attention away from growing and running a successful business.