February 14, 2014
Shaun Blogg, Partner-in-Charge, West Palm Beach Office, Featured in South Florida Business Journal Article, "Venture Capitalists Say They're Looking Locally for a Good Fit."
By Paul Brinkmann
When you ask John Sculley how South Florida entrepreneurs can attract more venture capital, he has a quick answer.
"Believe in yourself, have a network and be resourceful," says Sculley, former CEO of Apple and a Palm Beach resident. "Keep networking. Go to as many events as you can. Have a huge curiosity. Build up expertise in a particular area."
There's a growing call to tap into more venture capital from local sources, as Florida startups bemoan the lack of in-state investors willing to bank on their innovative ventures. Groups such as the Knight Foundation, Refresh Miami and the Enterprise Development Corp. are attempting to remedy that disconnect by linking local startup companies with the region's wealth.
Shaun Blogg, a partner with accounting firm Marcum LLP in West Palm Beach, said he's seen increased activity in his practice.
"We have a lot of capital coming into South Florida from retirees moving here and foreign nationals relocating here," Blogg said.
The transient nature of these wealthy populations means that some recent arrivals may not be aware of opportunities to invest with startup companies located here, Blogg said.
"The capital, like the communities here, is still a little disjointed, which is a challenge that Boston and Silicon Valley don't necessarily face," he said.
Click here to read the full article on www.bizjournals.com >>