A trip to the Lone Star state, P2Bi named Denver Business Journal's PowerBook pick, and an announcement about our biggest deal to date!
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Winner winner chicken dinner! We’re popping champagne and celebrating our recent nomination and win as Denver Business Journal’s PowerBook pick in the finance and banking category. This is a huge honor for us—one we thought would take several years of nominations to realize. A big congrats Krista and the team for putting in the hard work that helped us get to the top of our industry in Denver. We recently announced our largest customer to date: We just provided a $10MM asset-backed credit facility to Urban Lending Solutions (ULS), a provider of outsourced services to the mortgage industry including mortgage fulfillment, loss mitigation, and valuation services. We’re pretty excited that we were able to prove our marketplace model in the context of such a significant line of credit. Check out the full press release here. Do you know a business that should join the P2Bi family of happy borrowers? Let us know! Our borrowers enjoy a fast, fair, and flexible line of credit of up to $10MM.
In this issue:
Austin Startup Week: Join the P2Bi team for two awesome sessions in Austin!
Giveaways: Free & discounted tickets to Retirement Fast Track Summit in Denver
Borrower news: Meet Sightly, the video advertising experts
Small business bootcamp webinar series:Cashflow forecasting for companies at all stages and Money for the Makers: Financing Strategies for Product Companies
Austin Startup Week We’re headed to the Lone Star State next week to pay it forward and share our insights with fellow entrepreneurs during Austin Startup Week. If you’re in the area let us know! We’d love to catch up and visit. If you plan on attending the events, make sure to register for our sessions. P2Binvestor VP Sales Allen Duck will be hosting a talk on how to grow your Minimum Viable Product (MVP) into a successful business. He’ll share his expertise on building a strong foundation that will hold things together during tough times as well as how to create and execute your company roadmap. Save your seat! Our second session will be lead by one of the leaders of the Turing School of Software and Design in Denver, Jorge Tellez. We’ll be talking about how to build great developer teams from junior developers on up to the CTO. Your development team is one of the most important in your business. They create the platforms, products, and experiences in which your customers live. Knowing how to build a great developer team and environment that leads to ultimate company success is must-have knowledge for any founder. Don’t miss out if you’re in Austin next week: Register here to join us for this session.
Retirement Fast Track We have two free tickets to New Direction IRA's Retirement Fast Track Summit on October 1, 2016, in Denver. The course is designed to give attendees a complete run-down of the essentials to self-directed IRA investing. Participants will leave with the knowledge and confidence they need to strategically invest their IRA, HSA, or individual 401(k) with alternative assets. Let us know if you would like to grab two free tickets (first come, first serve!). If you miss out on the freebies, no worries; we can still get you registered for a discounted price of $20 a ticket. Message us to save your seat.
Borrower News Sightly Our friends at Sightly are rapidly emerging as an industry leader in the red-hot video advertising space. Sightly's people-centered targeting enables agencies and brands to deliver personalized, skippable video ads to the most receptive YouTube viewers on every device—increasing engagement by 2x and purchase intent by 4x. To learn more about how Sightly’s award-winning software and media expertise drive video ad campaign performance to new heights, visit www.sightly.com.
Small business bootcamp webinar series Our webinars are always free! Check out the next few as well as our past webinars archive.
Cash-flow Forecasting for Companies at All Stages Our recent Denver Startup Week session was so popular, we’ve decided to present the same content in a webinar session with our small business accounting expert, Drew Lyon.You'll gain the knowledge, confidence, and tools you need to develop and grow your business with an accurate and agile financial roadmap.The session is happening right now, but go ahead and sign up if you'd like to get the slides and webinar video afterward.
Money for the Makers: Funding and Operations for Manufacturers On Friday, October 21, at 11:00am (MDT) we'll be discussing financing strategies for manufacturing companies with three industry veterans. Jeff Barnett and Chad Lucero of Capital 2 Thrive LLC (and WABA Fun, a toy manufacturer) 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 solutions.Register now and hear from this knowledgeable panel of maker entrepreneurs.
Krista is back from a hard-earned vacation and is charging full-steam ahead. She will be in Austin next week for the first two days of Austin Startup Week before duty calls her back to Denver, but get some face time with her if you’re also in Austin on Tuesday at noon local time in our session, “So you have an MVP: Now what?” Save your seat. Krista recently recorded a new episode of Women Who Startup Radio with co-host Lizelle van Vuuren, Founder of Women Who Startup, and their guest Lauren Casteel, president and CEO of The Women’s Foundation of Colorado. Lauren has more than 20 years of philanthropic leadership under her belt and is dedicated to inclusiveness across gender, racial, economic, ethnic, military, abilities, and sexual orientation perspectives in Denver and across Colorado. She is truly a pioneer in her work and this inspiring episode is well worth a listen. Check it out.
Please welcome one of the new additions to our team! Becky came to P2Bi after spending most of her career in social work. Now, she keeps the P2Bi pendulum in swing by making sure our borrower’s accounts are up to date so they can continue to withdraw funds and fuel their business growth. Becky says she loves working at P2Bi because of our awesome team and the fact that she helps small business owners and entrepreneurs achieve their dreams. She’s been living in Colorado since 2013 but originally hails from Kennebunkport, Maine. When she’s not in the office, she spends her time exploring the Rockies or reading a good book.
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.