Newfound entrepreneurs typically exhibit an amount of enthusiasm that would excite a rock. They want everybody to know how great of an idea they have, and in most cases, they take for granted that the idea is the next million-dollar project, and it is a matter of who will be coming aboard. It does not take long before they realize that the blood in any business is funding which is what Paul Saunders, CEO, and founder of James River Capital shares thoughts on how to secure.
Paul Saunders long had a deep affection for finance. This love guided Saunders to pursue a B.A and an M.B.A. from the University of Virginia and the from the University of Chicago respectively. He not only has a strong academic background but also practical experience that has prepared him for the success that he now enjoys. His experience includes investment banking, investment, and in trading along with a stint at Kidder, Peabody, and Co. where he served as the Director of Managed Accounts and Commodity Funds. Eventually, he joined KP Futures Management Corp as their President. These two moves were critical for Saunders because, in 1995, he purchased the firm and transformed it into an investment firm. Later, the name was changed to James River Capital Corp. where the focus was independent investments.
The new firm, James River Capital Corp. originated in 1995 when the two powers, Paul Saunders and Kevin Brandt, merged their talents. The firm is officially recognized with the SEC as a Commodity Trading Advisor and Commodity Pool Operator with the CFTC and as an Investment Advisor. Located in Richmond, VA, the firm is noted to include equity strategies, multi-strategy investing, fixed income arbitrage, corporate credit, managed futures trading, asset-backed securities, and global macroeconomic strategies as their vehicle to success. Paul Saunders suggests that there are six ways entrepreneurs should consider acquiring funding. These six include Bootstrapping, Crowdfunding, Business Loans, Local Loans, Angel Investors, and Venture Capitalists. It is wise to pursue the source that fits your dream, and once you become a millionaire, always remember to give back.