Private investment is important for St. Louis’ burgeoning start-up scene.
Most entrepreneurs will tell you money for seed investment is accessible. The difficulty comes in getting to the next level of investment. Firms such as BusyEvent find second-round funding, amounts between $100,000 and $1 million, is much harder to find.
About two weeks ago, Local Harvest Grocery, Café & Catering launched a $120,000 crowdfunding campaign that co-owner Maddie Earnest says was necessary to restock the grocery store and pay off debts acquired as a result of a failed expansion in Kirkwood. The community responded and fully funded the campaign in six days.
We talked with Maddie Earnest about the overwhelming response and how she plans to move forward after the failed expansion.