The art of raising money has changed a great deal
[2 of 4]
1387_ 6/1/13 - Arlen Meyers, MD, MBA, a professor at the CU School of Medicine, Department of Otolaryngology and he is President/CEO of the Society of Physician Entrepreneurs [SoPE]. Part 2 of 4...We're talking about money and Arlen says... "The problem is there isn't access to it and from the standpoint of not that there isn't enough of it, because there is. It's just a question of how do Colorado entrepreneurs; particularly in healthcare get their fair share. I think it's useful to provide an overview. What's happening is that because of all the dynamics, venture capital has shrunk in the state. That whole business model is coming into question. Community based innovation is driving innovation. Accelerators have accelerated and it's easier than ever to start a business. Unfortunately it's not as easy to scale and fund a business. For instance, statistics indicate that the number of businesses started in the United States, in terms of reflecting entrepreneurship has dropped. It is now about a-half million businesses created in the U.S. And that's a good news/bad news story because some people interpret that as the economy is improving, as the real estate bubble has broke and now is re-growing, people are actually getting employed and finding jobs and there is no need for them to start their own business. So I don't like it when people are relieved of that sense of urgency whether it's by the economy sense or whatever. Getting back to the money, the issues are; There's not enough of it in Colorado and we need to create ways to get our fair share. I think there are a couple of ways to do that. One is, we need to rethink how the government, that is state government provides incentives to fund new startups. Particularly at the community level - not top down but bottom up. Two, we need to do a better job marketing Colorado as a technology hub and going to the money. The old Louie Sutton. Now he is on the coast, so we need to do a better job of going to the coast to get the money. Three, we need to be more innovative as far as how we create whether it's a fund-to-fund, crowd funding, all of these things that we've talked about over the last 30 years...listen for more...
RELATED LINKS: Society of Physician Entrepreneurs || CU School of Medicine || TiE Rockies Colorado || Economy Builders || KEYWORDS: Arlen Meyers, MD, MBA, CU School of Medicine, Otolaryngology, SoPE, TiE Rockies, Colorado, Society of Physician Entrepreneurs, Myogen Gilead, bytes=4928473
LISTEN TO: Arlen Meyers, MD, MBA; President/CEO, Society of Physician Entrepreneurs (SoPE)
Powered by Podbean.com