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A Private Business Incubator in Birmingham, Alabama

Marathons and Start-Ups

by Mike Goodrich | February 20, 2020 | 2020, Birmingham, Business Lessons, Entrepreneurialism, Start-Ups | 0 Comments

Originally posted on Mike Goodrich's LinkedIn page The Mercedes Marathon was this weekend. Patrick Koech won with a time of 2:25:40 or 5:34 a per mile. Running slightly over five-and-a-half minutes per mile for one mile is phenomenal, much less 26. Those of you who...

Bootstrapping a Board

by Mike Goodrich | January 31, 2020 | 2020, Birmingham, Board Membership, Business Lessons, Entrepreneurialism, Small and Medium-Sized Businesses | 0 Comments

You may be a construction worker working on a homeYou may be living in a mansion or you might live in a domeYou might own guns and you might even own tanksYou might be somebody's landlord, you might even own banksBut you're gonna have to serve somebody, yesYou're...

Building An Outdoor Fire

by Mike Goodrich | January 23, 2020 | 2020 | 0 Comments

With the new season, now is the time I love to make an outdoor fire. Nothing beats watching the glow of a fire with a nice drink in hand, basking in the warmth of one (or both). No one checks their phone around an outdoor fire. They sit and talk quietly: a...

Is Social Capital Doing Good?

by Mike Goodrich | December 17, 2019 | 2019, Social Capital and Social Entrepreneurialism, Social Capital Series | 0 Comments

You know who’s not good at fighting fires? Arsonists. - Anand Giridharadas In the late nineteenth century, New York City had a huge pollution problem: horses. Specifically, horse poop, which littered the streets. The average...

Can Social Capital Investments Produce Market Rate Returns?

by Mike Goodrich | December 3, 2019 | 2019, Social Capital and Social Entrepreneurialism, Social Capital Series | 0 Comments

In order to properly frame this question, we first need a working understanding of a few shared terms. First: what is a market rate of return? Here’s a definition from My Accounting Course (emphasis added by me): Definition: Market rate, or the going rate, is the rate...

Issues Surrounding Social Capital

by Mike Goodrich | November 12, 2019 | 2019, Entrepreneurialism, Social Capital and Social Entrepreneurialism, Social Capital Series | 0 Comments

Social capital is an area ripe for controversy. Not that social capital, in and of itself, is bad or wrong -- few would say that doing well by doing good is a bad thing. Most people involved in social capital want to find ways to both succeed financially and succeed...

Introduction to Social Capital and Impact Investment

by Mike Goodrich | October 29, 2019 | 2019, Social Capital and Social Entrepreneurialism, Social Capital Series | 0 Comments

The first in a series of First Avenue Ventures blog posts on Social Capital. Social capital is a concept not easily nor well-defined. In this series, we define social capital as the use of capital (for our purposes, we examine it primarily as financial capital)...

Regulations Reconsidered

by Mike Goodrich | October 18, 2019 | 2019, Birmingham, Business Lessons, Entrepreneurialism, Small and Medium-Sized Businesses | 0 Comments

I just finished Mike Isaac’s Super Pumped: the Battle for Uber, which I strongly recommend, particularly for fans of corporate intrigue and Silicon Valley excess. The story focuses on the rise and fall of Travis Kalanick, the hard-charging founder and CEO of Uber, who...

Examination of Opportunity Zones Begins

by Mike Goodrich | September 24, 2019 | 2019, Birmingham, Entrepreneurialism | 0 Comments

Change usually has a downside, and the Opportunity Zone[1] tax law is no exception. A couple of pieces published in The New York Times highlight a negative perspective coming to the fore of this new tax law. In “How a Trump Tax Break to Help Poor Communities Became a...

Shouldn’t There Be More than One Way to Fund a Start Up?

by Mike Goodrich | August 27, 2019 | 2019, Birmingham, Entrepreneurialism | 0 Comments

The venture capital business model is built on the theory that if you do ten investments and have one huge return, what happens with the other nine investments doesn’t matter. I don’t take issue with the financial argument of this model. However, I do have an issue...

First Avenue Ventures is passionate about Birmingham’s entrepreneurs. We are building a private business incubator dedicated to serving entrepreneurial companies. We help with strategy, accountability, marketing, and financing and we can leverage our network and expertise to accelerate your company.

We work to become your trusted partner towards meeting and exceeding your organization’s expectations and accelerating your growth. Our ultimate goal is to see Birmingham businesses thrive in the city we love.

Brands in our current portfolio include Alabama Outdoors, Select My Space, Market Table and Lobby Display by Spruce.

The principal of First Avenue Ventures is T Michael Goodrich, II.