Sourcing & Securing Alternative Capital

Funding your business can be stressful, and sometimes customer revenue alone isn’t enough to help you reach your next milestones. You’ve thought about raising venture capital but don’t really want to give up too much equity. What are your other options? Come hear from industry leaders and get all your alternative capital questions answered!

About Republic: Republic is where both accredited and non-accredited investors meet entrepreneurs and access high-growth potential deals across a range of private markets. Entrepreneurs can seek funding from a wider base of diverse investors while simultaneously growing a loyal base and leveraging Republic’s private investment network.

About Collab Capital: Collab’s mission is to establish a new institution that provides a viable pathway to sustained wealth for the Black community. They establish this pathway by investing in tech and tech-enabled companies through efficient capital and effective connections between Black innovators, investors, and influencers.

About is a program designed to fund and support founders on a path to profitability. They believe deeply that there are hundreds, even thousands, of businesses that could be thriving, at scale, if they focused on revenue growth over raising another round of funding. On average, the companies backed have increased revenues over 100% in the first 12 months of the program and around 300% after 24 months post-investment.

About Clearbanc: Clearbanc is the world’s largest eCommerce investor and specializes in providing non-dilutive growth capital.

About FleetingFleeting provides shippers & motor carriers direct access to reliable fleets & to flexible CDL drivers who operate them. – Their CEO was the first African American male to raise $1M+ via equity crowdfunding.

Alabama ranks above New York + California as 7th for top business climate

person holding pencil near laptop computer
Alabama beat out several states with major city hubs for a spot in the top 10 business climates. Photo via Unsplash

Site Selection, a national publication focused on economic development, ranked Alabama as number seven for top business climates in the U.S. This is the first year Alabama has cracked the top 10, tying with Arizona and beating out New York, California and Tennessee for the spot.

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Expansions, redevelopments + free business events this week in Birmingham

Who’s ready to tackle this week’s business news and events? Photo via Matthew Niblett for Bham Now

Halloween is on Saturday—have you decided what profession you’ll dress up as? I’m thinking of going as “girl who turns off porch light at 7 and goes to bed by 8PM.” The good news is there are no pretend careers here, only real jobs and events to help bolster your professional life.

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Funding Black Founders: A Conversation with Rodney Sampson

Data shows that diverse founding and executive teams outperform by 30% yet these founders receive less than 5% of venture funding. OHUB has joined forces with Rise of the Rest, Morgan Stanley’s Multicultural Innovation Lab, and the 100 Black Angels & Allies Fund to help close that funding gap. Specifically for Black founders outside of Silicon Valley, NYC, and Boston. Join us for a conversation with Rodney Sampson, founder of Opportunity Hub, about funding Black founders and building inclusive entrepreneurial ecosystems. About OHUB: Opportunity Hub co-founded in Atlanta in 2013 by Rodney Sampson as a follow up to the highly successful book, Kingonomics, and large scale conferences in Atlanta as well as D.C., is the leading technology, startup and venture ecosystem building platform created to ensure that everyone, everywhere has equitable access to the future of work, Fourth Industrial Revolution and beyond as a path to multi-generational wealth creation with no reliance on pre-existing multi-generational wealth. Learn more at About Rise of the Rest: Since 2014, Revolution’s Rise of the Rest (ROTR) team has traveled to more than 40 cities, including Birmingham, to better understand startup communities outside of the coastal tech hubs firsthand, holding a $100K pitch competition in each city. Learn more at To learn more about the pitch competition and apply, visit: Our moderator for this conversation will be Carmen Mays, Founder & CEO of Elevators on 4th. Which you can learn more about here:

Pick up the phone, we’ve got business news + open jobs on the line

The day after Labor Day is officially declared Telephone Tuesday due to the influx of calls businesses receive after being closed for the three-day weekend. We’re here to help you through the chaos with a perfectly laid out business plan for the week, including open jobs and news you need to know.

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Ready, set, apply—September job listings + MORE

Construction in the Magic City. Photo via Jacob Blakenship for Bham Now

Tell your brain to start stretching, because this piece is going to give your mind a workout. Walk through open jobs, jog your way over to essential info about the Bham business world and sprint to the finish line with must-attend events that’ll help you flourish at work. 

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Tech company to relocate from California to Birmingham – CEO is “blown away” by the city

View of Birmingham. Photo by Bham Now.

Ever left a holiday party with a gift card you knew you would never use? Or maybe you have a stack of gift cards to Starbucks that could buy 100 lattes, but you really wish you could use that money to buy groceries for the month. Prepaid2Cash is a tech company in California that offers users a solution. They’re relocating to Birmingham, and we’ve got the scoop.

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Ergonomic furniture business, Corona Group, to invest $2 million to expand in a 55,000 square-foot space in Birmingham’s Avondale neighborhood

Bham Now Corona Group
The Corona Group is investing $2 million in Avondale.

The Avondale neighborhood continues to be the hotbed for growth with new businesses moving in and established businesses expanding! The neighborhood also pops with exciting entertainment and dining options for everyone in Birmingham to enjoy.

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The Bham Loft Show: the latest in the growing Birmingham music scene

All photos by Mary Fehr

Birmingham’s food scene is not the only one bursting with creativity, the music scene is growing with the addition of The Bham Loft Show! It is a  monthly show featuring musicians, artists, writers, centered around creativity.  Created for the community, by the community,  you will want not want to miss the next show.

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Come see 7 Velocity Accelerator startups pitch at Demo Day 2018


The teams at Mixtroz’ Rooster & Butch watch party-via Velocity Accelerator

On Monday, April 23rd, seven promising startups will take the stage at Iron City to make their pitch to investors and the community. The startups will present their progress from the program and their vision for the future.  Velocity Accelerator Demo Day, presented by Regions Bank, is FREE and open to everyone – although you must register, so act fast because seats are limited!

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