BMO Harris Mentors Connect with Fintech Startups at 1871

Since April, 1871 has been excited to play host to an innovative partnership program in our space, which has paired mentors from BMO Harris Bank with some emerging Fintech startups in Chicago. Since then, Peanut Butter, Spring Four, Genivity, Medean, Wealth Pool and Tru Crowd have been working closely with the mentors in the 1871 space, refining their value proposition and scaling up to partner or pilot their technology with a large bank like BMO.

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Cate Costa is an 1871 mentor and entrepreneurship development professional with more than ten years of experience as an entrepreneur herself and coaching founders in a variety of industries. In this guest blog, Costa takes a hard look at changes that need to be made among entrepreneurship support organizations in order to better and more earnestly support minority and female founders.

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With a network of more than 300 professionals from every industry, the mentor program is the crown jewel of 1871. Every day, mentors dedicate their time and expertise guiding our members from issues ranging from legal to tech and everywhere in between, forming valuable relationships and producing concrete outcomes. This week, we say hello to Linda Darragh of Kellogg School of Management at Northwestern University.

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The obstacles are always greater when you lack the funds to support your genius entrepreneurial idea. Victoria Elena Nones, Founder of Women in Comedy and 1871/IHCC Hispanic Technology Incubator alum, shares five key takeaways from her own entrepreneurial journey on how to maintain the right attitude when building a business on a shoestring.

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Earlier this year, my wife Tiffany mentioned an idea to me that might be a possible collaboration between 1871 and Energy BBDO, the Michigan Avenue-based advertising agency for whom she works. The idea was fairly straightforward — that the group of 25 or so Energy BBDO interns would work with 1871 startups over the summer to develop and pitch full advertising campaigns.

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Intimidated by a term sheet? Scratching your head on SAFE versus convertible notes? Don’t even know where to start when it comes to approaching an investor? It’s not uncommon for bootstrapped startups to be a little lost when it comes to the concept of asking for funding, but luckily, Hyde Park Angels is willing to share their wisdom.

[Read more…] about How to Fund Your Business: Key Takeaways from HPA’s Entrepreneurial Education Series