A newfound surge in entrepreneurialism and startup activity is evident in New Mexico, but beyond money from friends and family, many emerging businesses need to seek outside funding for liftoff.
Aspiring entrepreneurs can learn some of the basics of finding that early-stage capital from professional investors during a panel discussion Oct. 16 at the Albuquerque International Balloon Museum. The event, organized by the Coronado Ventures Forum, aims to educate business people about what investors look for in a typical funding deal and how best to attract their interest, said Katie Szczepaniak Rice, forum president and head of the Epic Ventures office in New Mexico. The forum costs $22.50 in advance, or $25 at the door.
“We’ll discuss the role of venture capitalists, angel investors, business accelerator programs and other sources of capital for startups seeking funding in New Mexico,” Rice said. “It will be informative and educational for entrepreneurs. We’ll have local venture and Angel investors on the panel, as well as an out-of-state venture professional.”
Availability of venture capital has become more limited in New Mexico since the recession, which led to a sharp contraction in the venture industry nationwide. But while the industry has generally bounced back to pre-recession levels in traditional bastions such as the Silicon Valley and Boston, annual investment in New Mexico remains at about one third the levels it reached before 2008.