As an aspiring entrepreneur, one of the significant challenges you face is the acquisition of capital to fund your startup. Having a good business idea is not a guarantee for funding. Nonetheless, you should have in mind that a plethora of ways exist through which you can fund your venture. You can use both creative approaches as well as traditional methods. Paul Saunders offers his advice on how you can bring your ideas into life using several strategies.
Academic Achievements and Milestones
Paul Saunders is the CEO and founder of James River Capital and its subsidiaries. Since his childhood, Paul Saunders had a passion for the financial sector. Subsequently, he enrolled at the University of Virginia where he graduated with a B.A. before going to the University of Chicago for his MBA.
Paul Saunders’ educational background set him up for a career in trading and investment banking. Some of the firms he worked for include A.G. Becker where he worked in the Commodity Department and the Corporate Finance Department at Warburg Paribas Becker. Additionally, he also held various roles at Kidder, Peabody, and Co. as well as KP Futures management Corp. He served as the Director of Managed Accounts and President of those companies respectively.
Paul Saunders acquired the company in 1995. At that time, the organization was an alternative investment department of Peabody and Co. After the acquisition, he changed the name of the company to James River Capital Corp. His dedication and skills were crucial in transforming the firm into an independent investment company.
Passion for Philanthropy
Apart from his dedication to revolutionizing the financial sector, Paul Saunders also has a deep love for philanthropy. Together with his wife Vicki, they’ve been on the forefront in supporting diverse charitable activities that are dear to their hearts. For instance, they have assisted those from less fortunate backgrounds through various projects and initiatives.
James River Capital
The firm was officially founded in 1995 when it was acquired by Paul Saunders and his business associate Kevin Brandt. James River Capital is based in Richmond, Virginia. The firm is registered as an Investment Advisor with the SEC and as a Community Pool Operator and Commodity Trading Advisor with the CFTC.
Since it is inception, James River Capital has been a trendsetter in investing in a comprehensive array of asset classes such as asset-backed securities, managed futures trading, multi-strategy investing, fixed income arbitrage and global macroeconomic strategies. Additionally, the firm is also reputed for its keen investment in equity strategies and corporate credit.
Paul Saunders’ Capital Acquisition Tips for Upcoming Entrepreneurs
Bootstrapping- it involves securing funding via personal savings, borrowing from family and friends and using credit cards.
Crowdfunding- acquiring funding through contributions from a large group of people. Paul Saunders also offers other alternatives such as pitching an idea to venture capitalists and angel investors to secure funding. Learn more: http://jrccblog.net/