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Virginia Venture Summit heralds exciting times for entrepreneurs, growth companies

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Virginia Venture Summit heralds exciting times for entrepreneurs, growth companies

By: Steve Sadler, CEO, Allegiancy

April 10, 2015

Last week’s gathering at the Capital One campus in Richmond was exciting – with dozens of startup companies and entrepreneurs buzzing with energy. As a grizzled veteran of the DotCom Era, I enjoyed seeing that the Richmond entrepreneurial ecosystem has returned to vibrancy.

Not only was the Venture Forum’s Virginia Venture Summit well-attended by CEOs from young, exciting companies, but it also included numerous service providers and consultants ready to assist with key infrastructure support.

The Summit offered speed networking and lively panels, along with the chance to talk with interesting people pursuing some sensational opportunities.  Companies attending ran the gamut, from my own, Allegiancy, a commercial real estate asset manager, to social networking types, such as Beer Lamp, which connects friends at nightspots.

We met some virtual marketplace types, such as Kwipped, which helps businesses with leasing equipment. And we encountered the occasional “wow” company, such as PureMadi.com, which has a simple, patented, and inexpensive water purification tablet that could transform millions of lives.

Not all of these companies are in the 100X category that makes venture capitalists drool, but that’s OK because a good company has many more funding options today than ever before.

With the U.S. Jumpstart our Business Startups (JOBS) Act, the Securities and Exchange Commission’s (SEC’s) new Regulation A+ rules, and crowdfunding all three now in play, I believe that more than half of these promising companies can make a positive impact.

From one entrepreneur to some kindred spirits: best of luck to you all!

About RVA’s Virginia Venture Summit

Venture Forum RVA is a community of Richmond entrepreneurs, growing businesses, and capital connectors. The Virginia Venture Summit is its annual conference that showcases some of the most exciting start-ups and emerging growth companies in the Richmond region and beyond. For more information, visit http://ventureforumrva.com.

About Allegiancy

Allegiancy, manages commercial properties that have outperformed their peers by 45 percent since 2006. The company has approximately $300 million in assets under management and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate.   Allegiancy grew by 62 percent last year, due to referrals from satisfied clients.

 

 

 

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