by Mike Goodrich | Jan 12, 2022 | 2021, 2022, Birmingham, Birmingham Funded Start-Ups List, COVID-19, Entrepreneurialism, Small and Medium-Sized Businesses, Start-Ups
As always with the new year, we’re taking some time to pause and reflect. First Avenue does so by compiling our annual list of funded start-ups in Birmingham, which helps us analyze the health of the city’s entrepreneurial ecosystem. I also like to take stock...
by Mike Goodrich | Feb 26, 2021 | 2021, Business Lessons, Entrepreneurialism, Financing, Small and Medium-Sized Businesses, Start-Ups, Valuation
Part One of Three: Valuation[1] The question of how one should value an early-stage company is often asked, but usually has no good answers. If the opportunity is large enough (which is the goal with venture capital), a thorough valuation is perceived as irrelevant....
by Mike Goodrich | Jul 22, 2020 | 2020, Birmingham, Birmingham Funded Start-Ups List, COVID-19, Entrepreneurialism, Start-Ups
We provide this update every six months, and we’ve enjoyed doing so because it gives us a chance to reflect on the market that we love so dearly. However, this perspective is different, and for obvious reasons. In some ways, it’s the most...
by Mike Goodrich | May 29, 2020 | 2020, Birmingham, COVID-19, Entrepreneurialism, Financing, Start-Ups
I am still not sure how COVID-19 will ultimately effect start-up funding, but I do believe that we can safely assume that there will be less of it in the coming years. How exactly will this play out? I don’t know. But the question I have now is whether institutional...
by Mike Goodrich | May 1, 2020 | 2020, Business Lessons, COVID-19, Entrepreneurialism, Financing, Start-Ups
Pre-COVID-19, I told someone that I did not like SAFEs and convertible notes. I wish I could find that person now; I would assume a little more credence. Regardless, for what it’s worth, I didn’t like convertible debt or SAFEs before COVID-19. Now, I really...
