Friday, May 15, 2009

Learning from Successful Women Entrepreneurs, SBA Loan vs Venture Capitalist

I attended a very interesting Enterprise Forum panel yesterday: Learning the Secrets of Successful Women Entrepreneurs In a Down Economy. The panel consisted of: Kylie Sachs, Venture Capitalist, Ascend Venture Group, Stephanie Cion, Founder of WELLalarm LLC, Jennifer Hill, Vice President, Astia, Julie Brown, Founder and CEO of Inner Rewards and the Moderator, Beth Shoenfeldt, Founder Collective-E.
I love going to panels because I always leave knowing more than I did when I walked in.
I just wanted to share something I learned last night. If you are an entrepreneur looking for an investor, you are not able to team up with a venture capitalist if you have received a SBA (Small Business Administration) loan. This piece of information is an eye opener for me because I am thinking about applying for a loan and even though I am not thinking of pursuing investors at this time, it will definitely factor into my decision making process if and when I apply for a loan.
Knowledge is power!

3 comments:

  1. Hi stefany,

    I am glad you found the event informative!I hope to see you at future events.

    Best, Stephanie Cion
    CEO WELLalarm, MIT EF Board Member

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  2. Thanks. I did and I think your personal story of why you started Wellalarm is very inspiring. Congrats on your success:)

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