Allison Kornher, February 27th, 2017
As a student entrepreneur here at Texas A&M, I get the opportunity to meet a plethora of new people and discover great new ideas. Generally, one would expect to hear about innovative startups or ways to get funding at a pitch competition and not from their next-door-neighbor. However this time, I heard about an interesting new way to help fund startups from my neighbor, Chris Gillett.
Chris is also a student entrepreneur who is involved in Startup Aggieland. He said, “though Texas A&M has a very robust entrepreneurial infrastructure, one aspect of starting a company is quite difficult. Despite the resources available to students and the historically tremendous potential of university startups, students still find it very difficult to raise money from venture capital funds.” I know Chris does not feel alone when it comes to the difficulty of finding funding. Plenty of student entrepreneurs struggle to find the funds to get their businesses off the ground. Currently, the best options for students are to look for university grants, university seed funds, or hope to find investors at events. Although all of the former options are great, it never hurts to add another way to find funding to the list.
The new source of funding that Chris told me about is a startup that is a decentralized, university focused startup seed fund. I had never before heard of a startup with the goal of funding startups. This just goes to show that there are more places to find funding than the typical venture capitalist. So next time you are at an event and looking for funding, don’t just talk to the investors, you never know who will be the one to lead you to funding.