Paul Saunders on Funding a Business

Having a solid idea is a great way to start thinking about your business, but it’s not enough to actually get things going. Money won’t come in on its own. Founder and CEO of the James River Capital, Paul Saunders, knows what business funding entails and has tips for those looking to make sure yours has the financial backing it needs.

A lot has changed since James River Capital opened its doors in 1995, but some of those older methods still apply today. “Bootstrapping,” for example, is when you reach into your personal savings, borrow from friends and family, and/or seek out lines of credit to fund your business venture. It may not cover all your expenses, and some may have more resources than others, but bootstrapping is a quick way to start. Some investors might see this as an indicator that your business is worth the investment since you’re personally invested as well.

Saunders knows that bootstrapping isn’t viable for every entrepreneur, but luckily crowdfunding is now an option. Through platforms like Kickstarter, you can go directly to the public with your business idea and supporters can buy-in to your product or services before their ready for market. Incentives like branded merchandise or exclusive can encourage those supporters to donate to higher tiers in your campaign.

This method will require aggressive marketing to make sure potential supporters can donate before the campaign comes to a close. If you have a strong presence on social media, this method may be easier to get that message out there and people following your links.

A more traditional route is loans. Banks of different sizes regularly extend loans to entrepreneurs. Saunders notes that they tend to have generous interest rates for small businesses, but the process takes a longer time to process and will scrutinize your credit standing. Learn more: https://www.behance.net/jamesrivercc

Then there’s your local Chamber of Commerce when Saunders thinks many entrepreneurs overlook. They are a reliable source of counseling and information regarding funding for businesses within the community. Working with business centers can prepare you to speak with local investors, who are eager to help fund the development of their town or city.

Venture capitalists are always looking for companies they can give high returns, some times as high as 10 times their initial investment. This high expectation is why Saunders cautions entrepreneurs before seeking out venture capitalists for funding. They’re also tough to impress, requiring a thorough and detailed presentation to have any hope of funding.

Whatever path you seek, Saunders knows that starting a business is difficult. If one method doesn’t pan out, step back, reorganize, then go a different route. Beyond funding, running a successful business requires persistence.

About Paul Saunders:

Paul Saunders founded James River Capital in 1995, where he remains as CEO. He holds business degrees the University of Virginia and the University of Chicago and got his start in the Corporate Finance Department of Warburg Paribas Becker and the Commodity Department at A.G. Becker

Follow James River Capital on LinkedIn

Follow James River Capital on Twitter


Marc Beer: The Chairman of Biotechnology Leading Us to the Future of Medicine

Marc Beer is an American businessman who recently became Chairman of the Board for LumeNXT. According to Prnewswire.com, LumeNXT is a privately-held company that develops a surgical illumination product line designed for minimally invasive surgeries. Marc Beer has more than 25 years of experience in the commercialization and development of biotechnology, devices, diagnostics, and pharmaceuticals. Marc stated in a recent interview that he is proud to work with the engineers and surgeons associated with LumeNXT. He also believes the company will have more of an impact when minimal invasive surgeries are more common. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues

The Co-Founder of LumeNXT Paul Rhyne praises Marc’s ability to lead multiple companies successfully. Rhyne also believes that Marc’s experience is a strong asset to his organization. In 2016 Marc Beer raised $42 million dollars as the Founding Chairman of the Board for Renovia, Inc. Renovia, Inc is a company that delivers digital therapeutic and diagnostic devices for women with pelvic floor disorder. Before his term at Renovia, Inc. Marc Beer was a Founding Chairman at Minerva Neurosciences Inc. Minerva is a clinical biopharmaceutical company that develops and test medicines for Parkinson’s Disease, mood disorders, insomnia, major depressive disorders, and schizophrenia.

Marc Beer has also served on the Biotechnology Industry Organization (BIO) Emerging Companies Section Governing Board and a member of the Mass Life Science Board of the Commonwealth of Massachusetts. He was the Vice President of Global Marketing at Genzyme and Founding Chairman of the board of Good Start Genetics, Inc. Marc was once a CEO of ViaCell and on the Board of Directors of Erytech Pharma. He also worked in marketing and sales at Abbott Laboratories. Marc is also a member of the Graduate Studies and Research Advisory Council of Notre Dame University and a B.S. from Miami University (Oxford, OH).

Today, Marc Beer has yet another opportunity to successfully lead a business in the growing biotechnology field. He has a track record of successful ventures into businesses that are on the cutting edge of science and technology. His peers acknowledge the skills and expertise he has acquired within the industry. In an earlier 2018 interview, Marc stated that his key to success was the ability to hire and organize the best people in their field. He also noted that to generate the best product possible, you have to continuously scrutinize the product. Marc Beer is truly a visionary that puts his best efforts and talents to work productively. His accomplishments leave us all wondering what’s next for this entrepreneur?

COPING WITH BURNOUT ACCORDING TO PAUL SAUNDERS, CEO JAMES RIVER CAPITAL

The emergence of portable computing devices has brought about the widespread burnout, especially among employees in Western societies. Burnout is the exhaustion of physical or emotional strength, usually as a result of prolonged stress or frustration.

Paul Saunders, CEO of James River Capital Corp in Richmond, Virginia which served as a substitute department of KP Futures and became independent in 1995 as an investment advisory firm that offers advisory, commodity trading among other services to customers, concluded that burnout is a result of the stress involved with work combined with those that one goes through personally as an individual. Its risks and impacts are genuine to both the individual and the organization. Thus, he offers bits of advice on the warning signs to look out for and actions to take to restrain burnout and enable one to continue to progress appropriately.

Saunders highlights the signs of burnout and some of the productive ways an employer can use to get their employees back on track. Some of the symptoms of burn out include loss of control, especially in managing time and schedules, change in general attitude, loss of self- confidence and lack of transparency.

To deal with the loss of control, Saunders advices employers to keep employees motivated by encouraging them to set goals of the things they want to achieve for the day so that they can have the power of how the day will turn out. Follow James River Capital on LinkedIn

The change in attitude is brought about by being unable to handle stress and control emotions thus an individual tends to be easily irritated leading to moodiness, not feeling motivated and negativity which is all due to burnout. It can be curbed by an employer being supportive and checking in on employees and also encouraging them to have other things to do besides work by engaging in other activities outside of the working environment.

Burnout can bring about doubts in even the most confident of employees in what they do and makes one very unproductive due to not having confidence in their work and can be mitigated by setting performance goals that are achievable and also personal goals to help boost morale.

Last but not least is lack of transparency whereby employees feel like the chain of communication is not clear especially from those at the top of the food chain, unappreciated through compensation for what they bring to the table and not being promoted when they deserve it. Such feelings bring about negative energy, which eventually results in a burnout; hence, employers are advised to practice honesty and be an open book when it comes to communication with employees. Learn more: https://www.crunchbase.com/organization/james-river-capital

OSI Group—A Roadmap to Success

The Gazette article titled A Century of Innovation at OSI Group and posted April 30, 2018 provides a roadmap of how a local butcher shop started by German immigrant Otto Kolschowsky in Chicago in 1909 grew to a multinational food provider with sales of $6.1 billion in 2017. The pathway to success began with development of a stable and successful local meat products business named Otto & Sons. The next step involved the fateful, strategic teaming with Ray Kroc just prior to the McDonald’s franchise startup in 1955. A technology breakthrough in the late 1960’s, the introduction of cryogenic food processing to quick freeze food, provided for product expansion and cost reduction, allowing Otto & Sons to expand facilities to meet the supply demands of the continued growth of McDonald’s and serve other markets.

Over time the company added several food products and non-meat products to what they offer including salsa, beans, tofu products and vegetable products for restaurants and retail. The company progressively went global by mergers, acquisitions and construction of production facilities in the United Kingdom, Germany, Spain, the Philippines, Mexico, Japan and China, among others. Part of this major global expansion was due to following McDonald’s move into the international market but also the OSI Group’s savvy business practices including opening their own Culinary Research Centers, one at their corporate headquarters in Aurora, Illinois and another in Shanghai, China.

These research and development facilities allow the OSI Group to partner with clients in the development of new and better products and to facilitate integration of the latest technology in food safety and quality in its operations. Sheldon Lavin, who became chairman and CEO in the early 1980s, brought the necessary experience as an investor and banking sector executive to work the sophisticated capitalization and negotiating needed to support this global growth. Forbes ranked the OSI Group #58 on its list of largest private companies in 2016. Much more about the OSI Group’s century of growth is detailed in the full article available at .Your text to link…

Renovia Gets A Major Boost After Marc Beer Closes $42 Million

Renovia Inc, set to move forward with several pelvic floor disorder products after its founding CEO sourced $42 million in Series B round and venture debt. He managed to raise $32 million in Series B and $10 million in venture debt. Renovia Inc., is a pharmaceutical startup that is focused on finding treatment for pelvic floor disorders in women.

Renovia is developing diagnostic and therapeutic products that will put pelvic floor cases to rest. According to a research, over 250 million women across the world have urinary incontinence, one type of pelvic floor disorders. One of the first products Renovia developed, Leva, was approved in April by FDA.

The Series B round of financing was conducted by Perceptive Advisors and Ascension Ventures which are based in New York and Missouri respectively. The funds will be used to develop four more therapeutic and diagnostic products including a modern generation of the Leva device.

Marc Beer expressed his excitement for the support he garnered from leading investors in the healthcare sector. In a statement, he stated that the supportive investors share the same vision with his company to improve the lives of women suffering from pelvic floor disorders around the world. He looks to avail valuable data to their customers that will inform new treatment options, drive greater knowledge and ultimately, improve understanding of the disorders. In the long-run, long-term healthcare costs will be reduced.

Marc Beer has led a successful career in the healthcare industry working in prominent companies and establishing companies. He served at OvaScience as a strategic consultant. OvaScience had shown interests of merging with Millendo Therapeutics. Learn more: https://gazetteday.com/2018/10/marc-beer-funding-renovia/

A Look at the Career Life of Marc Beer

Marc Beer is the co-founder and CEO of the Boston-based medtech company. He brings over 25 years of development and commercialization experience in the pharmaceutical, biotechnology, diagnostic and device industries. He earned his BS degree from Miami University, OHIO. He has worked at several companies and founded a couple of companies that thrived in the industry.

As the Founding CEO of ViaCell, he led the biotechnology company from inception to when it had over 300 employees and went public. The company was later acquired by PerkinElmer in 2007. At the same time, Beer was a member of Erytech Pharma’s Board of Directors. Mr. Beer was the Founding Chairman of the board of directors as well as chairman of the compensation committee of Good Start Genetics. He serves in various capacities at Minerva Neurosciences. He sits in the Miami University Business Advisory Council as a member. Formerly, he sat in the Notre Dame Research and Commercialization Advisory Committee as well as Norte Dame Graduate Studies Research and Advisory Council as a member. The work background of Marc Beer is extensive. His dedicated service in the industry has promoted the industry significantly.