Food entrepreneur and venture capitalist Kimbal Musk -- yes, Elon's brother -- seeks to seize control of the food supply from the industrial food complex. Through his venture, Square Roots, Musk and co-founder Tobias Peggs, are betting that the future of growing food lies in vertical urban gardens housed in shipping containers. Recently Peggs discussed their vision and plans for success.
Finding the right source of funding for a food and beverage business is no cake walk. Whether your small business is a startup or an established company looking to expand, securing a traditional bank loan may not be the answer.
Finding the best funding sources for your small business depends upon many factors. The key to determining the right capital for your small business is which stage of growth your business is in. As you move from start up to growth stage, your small business financing needs and the funding sources available to you change. Excelsior Growth Fund calls this “moving up the capital continuum.” Read more to determine the best options for funding your small business.
Want to raise some money for your food business? Crowdfunding can be a great way to drum up cash for your start-up. To date, nearly $2.5 billion has been pledged to 108,000 projects through Kickstarter, a leader in crowdfunding.