By Nathaniel Luce
Publication: NASHVILLE POST
Venture capital firm Solidus Co. has created a microfund to support Middle Tennessee entrepreneurs in the very early stages of business formation. The goal is to help accelerate the success of promising business ideas that fall into an “early-stage funding gap.”
Germain Boer, professor of management, said the mentoring and expertise of JumpStart’s experienced entrepreneur participants could be far more important than the money and other resources.
“When you’re first starting, there are lots of obvious mistakes you can make that someone who’s already been through this process will help you avoid,” Boer said. He added that the participating entrepreneurs’ experience and connections should help each entrepreneur stretch their $15,000 farther than they might have been able to otherwise.
