Paul Saunders is the chief executive officer and founder of James River Capital Corp., and he has been able to find success where many others have failed. He studied at the University of Virginia where he earned his Bachelor of Arts degree. He received his MBA while studying at the University of Chicago. Saunders has worked with many different companies over the course of his career and has served in the trading and investment sectors as well as serving as an investment banker. He worked with Kidder in the past where he served as the company’s director of managed accounts and commodity funds. He eventually bought out Kidder and turned it into James River Capital.
James Saunders has been involved with philanthropy for a good part of his life. He is passionate about helping people and created a charitable organization with his wife named the Saunders Family Foundation. Every year, he partners with his wife to support different nonprofits, and he has also donated a lot of money to the University of Virginia. Saunders has also supported the Collegiate School, the Community Cancer Fund, and many other charitable organizations.
Paul Saunders has shared many tips with entrepreneurs in the past about how to fund startups. One of the ways to do so is by bootstrapping an operation, which is something many entrepreneurs have to do. While bootstrapping may not help to pay for everything that a startup needs to get started, it can help to cover quite a bit. Saunders has also pointed out that investors will more readily invest in a startup when they know the people running it are invested, as well. Learn more: http://paulsaunders.org/
Paul Saunders has also suggested that entrepreneurs should consider crowdfunding when looking to fund a startup. This is when many different people contribute a certain amount of money to show their support for a startup. Many people use Kickstarter to set up a crowdfunding effort, and it is possible to offer them incentives when they do. Social media is a great way to reach out to people when using crowdfunding to support an idea or company.
Paul Saunders has talked about the fact that some entrepreneurs will need to consider getting a business loan. There are many different kinds of business loans, and loans from a bank can offer lower interest rates even though it may take some time to be approved for one. Some entrepreneurs decide to go with SBA loans, which are easier to obtain than a bank loan. Saunders has commented that another option is to open up a business line of credit. Entrepreneurs will pay interest on any money they use through a business line of credit, but they can access these funds again and again, as long as they keep paying off the money that was originally borrowed.