MIT Ent Forum: Untapped Resources - Banks as Investors?

When: Wed September 29, 2010 6:30 pm

Organization: MIT Enterprise Forum

Location: MIT Stata Center, 32 Vassar Street, Cambridge, 02139

Website: http://www.mitforumcambridge.org/events/software-sig-untapped-resources-banks-as-investors-3/

With a few notable exceptions, banks have generally not been known as the first place a start-up entrepreneur should look for financing — unless he/she has a house to put up as collateral. Word on the street suggests that may be changing.

Consolidation in the banking industry has resulted in increasingly well-financed regional and local banks that are looking to put their money to work. Some of the national banks, already pros at the start-up game, are looking to grow their portfolios as well. Perhaps now is the time for you talk to a banker about investing in your new business.

Join our panelists in a discussion of working with the banks to finance your start-up.

Panelists

Pete McDonald, Senior Relationship Manager, Silicon Valley Bank
Bob Foley, Square 1 Bank