James River Capital is an alternative investment firm based in Manakin Sabot, Virginia. The East Coast-based firm offers a number of investment advisory services. It was previously known as the alternative investment department for Kidder, Peabody & Co., Inc. The founder, Paul Saunders, opened the company back in 1995. In addition to his role as founder, Mr. Saunders also serves as the chairman, chief executive officer, principal, and portfolio manager.
The CEO has some advice on where to find capital for your next business. There are so many ways to achieve this goal, even from unexpected resources. Looking to raise money for your next business without paying a massive amount of interest? That’s crowdfunding for you! The great thing about crowdfunding is you can post your story and business idea on one of the many websites, then people can donate to your cause. The great thing about this system is that you don’t have to pay the money back. People donate because they just want to support a cause they believe in.
You may have heard of angel investors in the business world. They invest in companies they believe have lots of potentials and are going somewhere. You can find them through your local community or online. Just do your research before going into it. Angel investors are known to provide entrepreneurs anywhere up to $10,000 dollars. Venture capitalists are another route to get capital. Their main point is to invest in companies and use that high return to invest in the next business. They bank on a very high return, to turn around and start again.
Using your own money or borrowing from friends and family is what the business world calls bootstrapping. When family or friends let you borrow money because they believe in you and your idea. They feel you are competent and will follow through. This is a great sign that they are willing to invest in you, and from that, you will have a great support system. On the other hand, when you use your personal savings or credit card, you don’t have to pay interest on what you borrow.
Paul Saunders started a non-profit organization with his wife Vicki. They called The Saunders Family Foundation, which focuses on a number of philanthropic causes. Mr. Saunders earned a solid education, which helped him in the business field a lot. He went to the University of Virginia and earned a Bachelor of Arts degree in economics. This education journey would continue to the University of Chicago. Paul would earn a Master of Business Administration degree in 1979. He would go on to work for a lot of prominent companies before becoming the CEO of James River Capital. Learn more: https://www.cbinsights.com/investor/james-river-capital