0122_Finance Digital Edition - Page 10

FINANCE & INVESTING listed as “ seed and pre-seed funding ” — essentially pre-series A funding for nascent companies with no revenue .
Industry insiders say that they look at potential opportunities every day , with referrals that come from many sources , ranging from word-of-mouth or a phone call from a friendly banker who can ’ t justify a loan but recognizes a good opportunity . “ With one or two layers of searching the internet , people can find us ,” Kandris says . “ They need to do their homework to know who they are talking to .”
In the Capital Region , venture funds also routinely refer potential clients to each other , knowing which of their colleagues specialize in certain industries or certain ranges of risk . “ We all know each other and the lanes we swim in ,” Mills says of the collegiality of the industry . “ Sharing referrals promotes growth in the entire region .
Bill Sessa has been a freelance writer for Comstock ’ s since 2013 . He has received many awards for his writing about the automotive industry and motorsports for national publications including Speed Sport , Autoweek and Performance Racing Industry magazines and for the Napa Valley Register .
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82 comstocksmag . com | January 2022