SEC kicks off Small Business Week with roundtable examining geographical challenges to raising capital

By Amanda Maine, J.D.  SEC Advocate for Small Business Capital Formation Martha Miller celebrated the one hundredth-day anniversary of the office’s creation with a roundtable addressing issues facing small businesses when it comes to raising capital, focusing in particular on businesses seeking their mark away from the coasts. The panelists included representatives from three startup companies, one of which has gone public, and two representatives from funding organizations. Geographical limitations. Miller noted that the vast majority of capital is raised in the coastal regions. For venture capital, most funds are raised in four cities: San Francisco, San Jose, Boston, and New York. Only 13 percent of 2019’s first quarter dealflow had gone to companies in the mountain, midwestern, and southern regions of the country, she said. This flow of funding does not reflect the great companies in those areas, Miller observed.  Several panelists could relate to…

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