Insights | Expert Trends & Analysis for Entreprenuers

Venture First Advises Healthcare Asset Network on $3 Million Equity Financing

Healthcare Asset Network, a provider-to-provider platform for buying and selling surplus medical supplies and surgical equipment, announced they have closed a $3 million round of financing. The company will use the growth capital to expand its technology and sales teams and to accelerate its relationships with enterprise customers. The round included notable healthcare and technology founders such as Vencor/Kindred Healthcare founder Bruce Lunsford, Genscape founder Sterling Lapinski, and iPay founder Mike Bowers. Prior investors who also participated in the round include Kentucky
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Two Venture First Clients Awarded Fast Dozen Honor

Venture First is proud to recognize two client companies as they have been selected as a “Fast Dozen” finalist at this year’s Hot & Fast Innovation Awards hosted by EnterpriseCore. This annual event recognizes the latest companies selected as the most promising and innovative, early stage or growth stage companies to watch in greater Louisville, KY. They demonstrate the diversity and creativity of our entrepreneurial community and drive economic growth in the region. These companies are expanding, adding jobs, increasing revenue
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Common Pitfalls with Employee Stock Options

How to Avoid Common Pitfalls When it Comes to Employee Stock Options We work with a wide variety of startups here at Venture First, and often we find founders running into pitfalls when they issue Employee Stock Options. The most common pitfalls we see are in the following arenas: “Promised” vs. “Issued” Stock Options. Setting a Vesting Schedule Setting a Strike Price As an expert in these arenas, we’d like to address the issues and give advice on how you can avoid these common pitfalls in your
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Venture First CEO John Shumate Featured in Inc. Magazine

Venture First’s John Shumate was recently interviewed by Inc. columnist Tracy Leigh Hazzard, CEO of Hazz Design, about how to craft a compelling pitch to investors that is not over the top or unbelievable. John has been working with entrepreneurs for almost a decade assisting with their investor pitch, as well as the business plan and financial model to back it up. John shares his thoughts with Tracy on how to fine-tune your financial model to get your pitch right with investors.
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John’s Interview with the Angel Investing Podcast

John shares his thoughts on early-stage valuation with Tatyana Gray. Tatyana is the hostess for the Angel Investing Podcast. Her goal is to get individuals excited about investing in early-stage companies by demystifying the process. Highlights from the show include: 02:00 – How did John become a startup investor? 05:25 – What’s the difference between venture capital and private equity? 08:00 – Startup valuation is a really big topic among both entrepreneurs and investors. 09:55 – John just did a startup
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CEO Featured on John Murphy International Podcast

CEO John Shumate was recently featured on the John Murphy International podcast. John Murphy works as an executive coach to help business owners, senior executives and management teams perform at their full potential. He has a background in the corporate world and as an entrepreneur. In this interview you will hear the following: What the greatest need any early stage business needs to satisfy – the acquisition and retention of talent Why you should be prepared to give up more equity
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Why Get A Professional 409a Valuation?

Venture First supports entrepreneurs, VC Portfolios, Family Offices and Estates with the many facets that go into their valuation. Many of the companies Venture First works with use equity as a form of compensation. Doing so has tax ramifications for both the Company and the employee. Internal Revenue Code (IRC) 409a requires that equity-based compensation, including common stock options, must be issued at Fair Market Value at the time of the grant. However, Fair Market Value can be tricky to determine.
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CEO John Shumate on The App Guy Podcast

CEO John Shumate was featured this month on The App Guy Podcast by Paul Kemp. The podcast helps app entrepreneurs take inspiration from the app journeys of others in the app world. Paul interviews expert app developers and authors that write about app development. These people have years of experience to share their failures and successes so we can learn from them in our app journeys. John shares his thoughts on the new economic paradigm favoring disruptive entrepreneurs and offers some tips for early-stage companies.
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Migration of Capital

I read with interest Fred Wilson’s blog post, concerning the geographic concentration of startups worldwide. I’m a huge fan of Fred and his blog. If you are interested in VC-backed companies and don’t subscribe, you should. He’s a great teacher and generously shares the wisdom he has accumulated from decades of operating and investing in technology startups. Fred shared findings from a 2012 report that showed that the majority of venture capital, and consequently startup companies, can be found in the major
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Our First Post

Welcome to Venture First’s blog! We are a passionate group of professionals who work tirelessly to further the entrepreneurial spirit within our communities. We hope to not only share our insights and expertise but also our adventures, defining moments, and other interesting stories along the way. Stay tuned!
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