Note: Kevin J. Ryan, staff writer at Inc., is stepping in for Cameron while he is away from the computer this week. Good morning, The pandemic has brought a painful reality into focus: Even before Covid-19 hit, 40 percent of all Hispanic-owned businesses didn't have the financial runway to survive more than 60 days without revenue. And only about 1 percent of all VC funding goes to Hispanic-owned businesses. So what other options are there? Experts discussed this and other funding-related issues during Inc.’s first Hispanic Small Business Town Hall on Wednesday. Among the potential solutions they proposed: Look to the 16 million accredited angel investors in the U.S.--many of whom likely don’t even realize they’re qualified. Read our story about the various sources of capital for any entrepreneur running a cash-strapped business. And be on the lookout for information about the second webinar in the series, which takes place September 25 at 2 p.m. ET and will cover the topics of customer outreach and marketing. |
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