Posts about Columbus and Central Ohio

SunDown RunDown Proud To Sponsor HighBall Columbus 2015

Photo by Robert Walker SunDown's mission is to support entrepreneurs in all industries.  The fashion industry is booming in Columbus and helping to give fashion entrepreneurs a chance to showcase their designs is something that fits right into our mission, so sponsoring the Short North Alliance's Halloween HighBall is really a no brainer...mmmm....brains. This year's HighBall

Why SunDown is Raising a Fund

SunDown is moving into some uncharted territory.  Just recently, SunDown has created SunDown Fund I, LLC with the purpose of raising a small risk capital fund for very early stage companies.  After about eight months of research, SunDown has identified a major gap in funding in Ohio  – namely the true seed capital needed by entrepreneurs that have bootstrapped their idea so far, but need a little extra cash and talent to make it past their first major milestone.

The good part, if you can say that about a funding gap, is that VentureOhio has identified the same kind of funding gap in Ohio, so we have some third-party validation that this problem does indeed exist.  As a matter of fact, VentureOhio has identified more than a $500M shortfall for all start-ups seeking early stage investments (seed, angel, Series A, etc.) in Ohio.  This is a bad thing, since it forces home grown start-ups to seek funding elsewhere and move out of state – bad for job growth, bad for the economy, bad for Ohio….

Why startups are going to change the world – Infographic

The younger the companies are, the more jobs they create, regardless of their size. That’s the conclusion of a study by the National Bureau of Economic Research. In this study, which relies on data from the Census Bureau, the authors confirm that smaller companies created more jobs than larger companies during 1992-2005.

Modis just released a new infographic showing why startups are “going to change the world.”  Its infographic provides the following details about the dynamic effect of startups globally:

What is a startup?
How startups are recruiting candidates.
6 startup case studies.
The economic impact of startups.
How startups are changing the workplace….

Angel investments surge in the Midwest

The Great Lakes region tops the nation in angel investments for Q1 2014, according to The Halo Report. The new study reveals that more than 24 percent of total US angel investments  in dollars occurred in the Great Lakes region of Illinois, Indiana, Michigan, Ohio and Wisconsin.  This compares to 16.7% of total dollar invested in California and 10.9% in New York state.

Total dollars invested by region. Courtesy The Halo Report.

The Halo Report is produced by the Angel Resource Institute and Silicon Valley Bank. The Halo Report™ provides analysis and trends on US angel and angel group activity. This report discusses angel group investment trends for Q1 2014, which represents a
total of 170 deals and $228M in total rounds including co-investors….

Mid-Year Update About SunDown RunDown

Lots of great things have been happening with SunDown RunDown for the 1st half of 2014.  We have five chapters around Ohio, a partnership with Innovate New Albany, expansion of our cowork network, working with CiviHacks for WearGood and working with COSI and Columbus Idea Foundry on the Mini Maker Faire in October.  We are also in the final stages of getting our private placement memo handed off and signed off by our legal team for us to start raising for our fund.  We also have some great opportunities coming together on developing a coworking and incubator space.  As we grow, we have also had a great number of people from the community step forward to help and serve on committees or in a leadership position within SunDown RunDown….