Summer funding, had me a blast....
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Hi ,

Move-in day is almost here! The remodel of our new office space is just about complete, and we’re getting ready to settleScreen_Shot_2016-06-30_at_9.44.34_AM.png into our new, color-coordinated digs. Ya heard? We moved out of our 1,777 square-foot office into a much bigger space to fit our team of 30 employees (and growing). Stay tuned for your invite to our upcoming housewarming happy hour! Speaking of happy hour, the P2Bi indoor soccer team recently enjoyed celebrating after we beat the best team in our league. We came from behind—scoring three goals during the last five minutes of the game in what was a true tale of David vs. Goliath. Next stop Russia 2018.

Quick company update:

We welcomed several new borrowers this month and have funded more than $200 million to borrowers since signing our first customer contract in May 2014. Do you know a business that could use a revolving line of credit from P2Binvestor? Let us know.

In this issue:

  • A new working capital product for SaaS-y technology companies
  • Denver Startup Week: Vote for us!
  • Small business bootcamp webinar series: All Things SaaS with Christoph Janz of Point Nine Capital and Money for the Makers: Funding and Operations for Manufacturers
  • Women Who Startup Radio: Season 2 launch
  • Ellevest comes to Denver
  • Where is Krista?
  • Meet our team: Sydney McManness, A/R Coordinator

Technology companies can now get a line of credit based on their MRR 
As our company grows, we’re always looking for new ways to serve growing photodune-9349539-saas-concept-in-flat-style-s_2.jpgbusinesses with working capital. Many of the startups and technology companies we’ve met with over the years tell us they need a capital solution that can scale with them and that doesn’t carry strict covenants or high costs. What if these businesses could access funding from hundreds of investors without giving up equity or dealing with never-ending fundraising cycles? They can! We’ve launched a new product, different from revenue-based financing, that allows technology companies to access $150,000 - $5 million in a revolving credit facility based on their monthly recurring revenue (MRR). Learn more or send an email to Brian Parks, our technology lending director and a technology founder himself.

Denver Startup Week
Our favorite week of the year is coming up soon! Denver Startup Week, the largest of all U.S. startup weeks, is a five-day event packed with entrepreneurial happenings including networking happy hours, workshops, panel events, and presentations that benefit the entire startup community. This year, we’ve proposed three sessions that highlight some experience and expertise we have that we would like to share with other entrepreneurs in the community. Our proposed session topics include building a successful developer team, funding a company from launch to exit, and forecasting cash flow (this is a follow-on from last year’s sold-out workshop). Help us out by upvoting these sessions to make sure we are chosen!

FUNDING FROM HUNDREDS OF INVESTORS. NO EQUITY DILUTION.

Borrower News

LoCo Food Distribution
Our friends at LoCo Foods are making strides in building local, sustainable foods systems in our Colorado locofoods.00_jpg_srz.jpegcommunity. LoCo Food Distribution is a wholesale distribution company that has been committed to connecting Colorado-based food producers with regional grocery stores, restaurants, and institutions like Colorado State University and Colorado University since 2011. Starting this July, Safeway and Albertsons will launch a program in coordination with LoCo foods and will begin carrying five new local brands per month. By the end of the year, you’ll be able to find over 130 new local products on the shelves at locations across the Front Range. Sprouts Farmers Market is also ramping up their program with over 70 new local products added to their shelves—all delivered by LoCo Foods.

Sourceeasy
If you haven’t already heard of our fashionisto/a friends at Sourceeasy, you will soon. Sourceeasy is a fashion-tech company that’s revolutionizing the way apparel is made through their innovative,sourceeasy.jpg web-based software platform which allows them to take a product from conception to delivery. Read more about who they are and how they are disrupting manufacturing here. In addition to being awesome at streamlining this broken industry, they are quite the thought-leaders. Check out this post written by their CEO, about integrating a fragmented clothing market.

Ping HD
For the second year in a row, the divine designers at Ping HD won the Samsung Smart Signage Award for Industry—pingHD.pngRetail Installation of the Year at InfoComm16 in Las Vegas 
(and if anybody knows their signage—it’s the City of Lights). Ping HD’s technology-enabled platform, EngagePHD™, allows business owners to seamlessly integrate with their digital signage on Samsung Smart Signage Platform displays, eliminating the need for an external media player and reducing the cost of owning and operating a digital signage network by 35-40%. Zing!

Dziomba & Associates, Inc
Dziomba & Associates, Inc., one of Denver’s premier consulting and recruiting firms in the IT industry, recently announced new strategic partnerships with RK MechanicaDziomba.pngl and SSB
Consulting
. These new alliances mean added headcount and larger earnings for Dziomba & Associates and more client exposure for all. The partnerships will also allow Dziomba & Associates expand their offering to clients helping them streamline operations and increase efficiencies while decreasing their costs. Thumbs up, Dziomba & Associates! 

JOIN OUR GAGGLE!

Small Business Bootcamp Webinar Series

photodune-6436188-knowledge-s_4.jpgWe’ve got a few awesome webinars coming up you won’t want to miss!

On Thursday, July 28, 2 p.m. (MDT), Christoph Janz of Point Nine Capital will join us for a webinar on SaaS metrics, cohort analyses, valuation, and much more. Janz is an internet entrepreneur turned investor and is one of the most respected authorities on all things SaaS today. Register now!

On Friday, August 5, 11:00 a.m. (MDT) we are hosting a session on financing strategies for manufacturing companies with three industry veterans. Jeff Barnett and Chad Lucero of Capital 2 Thrive LLC, and Todd Stockbauer, former CFO of ski apparel brand Spyder, will talk about common issues manufacturers experience in the product lifecycle and how to solve them. From seasonality and dealing with up-front costs to cash-flow issues and slow-paying retailers—manufacturing companies face a specific set of challenges that require creative financing solutions. Register now to save your spot!

Women Who Startup Radio: Season Two Launch 
Our team has been hard at work supporting the production and launch of Women Who Startup Screen_Shot_2016-06-30_at_11.17.21_AM.pngRadio’s second season. The podcast celebrates, connects, and empowers entrepreneurs through in-depth interviews with women leaders who are deep in the trenches of owning and operating growing businesses. Our very own CEO, Krista Morgan, co-hosts alongside Women Who Startup’s founder, Lizelle Van Vuuren. Be sure to check out the first four episodes in the new season where you’ll hear from the founders of innovative companies like the the Food Corridor (hailed as an AirBnB for commercial kitchens) and Silvernest (a 500 Startups company and a place where Baby Boomers can find and share space). We also chat with a chief executive daredevil and creator of one of the best damn salsas we’ve ever tasted (and she just launched a simmer sauce that will make you want to switch off between tacos, taco salad, and fajitas every single night. We aren’t kidding.)

HOW IT WORKS IN 90 SECONDS!

Ellevest comes to Denver
Maybe you heard about Sallie Krawcheck when she raised a $10 million fund back in the fall. If not, this story involves a former Wall Street executive (Krawcheck) who teamed up with other heavy-hitters to give women an investing experience and platform built just for them. So what does Ellevest do, exactly? Ellevest is redefining investing for women with a smart, clear and beautiful digital platform. Krawcheck and her team started Ellevest to solve the gender-investing gap, which can cost some women more over their lifetime than the pay gap. The goal of Ellevest is simple: To help women take control of their finances and reach their biggest goals. And the Ellevest roadshow is coming to Denver! Interested or know someone who would be? Here’s a special RSVP link and more details about the July 13 event:

What: Ellevest Launch Party - Denver
Where: Union Station, 1701 Wynkoop Street
When: Wednesday, July 13 @ 6:00 pm
RSVP: denver.ellevest.com/startup

Where is Krista?
This month, Krista attended the Colorado Technology Association’s Women In Tech conference as a featured guest. The event drew over 500 attendees this year, and everyone left feeling inspired and ready to work hard to bring more women into the tech industry. We wrote about it: Check out three lessons we learned during this year’s session on our blog. Tell us what you think about it in the comments!

In July, Krista will be participating in the Biz Girls CEO Accelerator program hosted by the University of Denver Women’s College. The program guides incoming high school girls as well as graduating seniors through a one-week intensive experiential learning program during which they get the opportunity to be a CEO, earn their own money, and learn about what it takes to run a business. If you know someone who might be interested in the event, check out additional details and registration info here

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Meet our team: Sydney McManness, A/R Coordinator
Screen_Shot_2016-06-30_at_11.53.48_AM.pngSydney is our newest accounts receivable specialist and spends her days juggling more than a Cirque du Soleil performer could handle. She manages funding deadlines, incoming receipts, collateral, and all our customer accounts—and she does it all without even breaking a sweat. Sydney came to P2Binvestor after working for almost five years as a billing, credit, and collection operations manager for a telecommunications company out of Denver and brings a myriad of skills in management, UI/UX billing, and ERP database management to her position. If you can’t tell, we’re stoked to have her. #Blessed. In her free time, you can find Sydney at the nearest crossfit gym—that is if you’re willing to wake up for the 6:00 a.m. class. She also loves kayaking, camping, biking, skiing, and spending her time in the great outdoors.

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A reminder that under U.S. law we can only accept investments from accredited investors at this time.
Eventually, we would like to open the platform to all investors, but that will be subject to rule changes implemented by the Securities and Exchange Commission (SEC). Stay on our list to be the first to know when the rules change.

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Enjoy your holiday weekend and talk to you all again in July! 

Love,
The whole P2Bi gang

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