TLDR:
- Marin Sonoma Impact Ventures (MSIV) showcased 20 early-stage startups at North Bay NEXT 2024 event.
- MSIV aims to build an entrepreneurial ecosystem in Marin and Sonoma counties to support local startups.
Article Summary:
Marin Sonoma Impact Ventures (MSIV) recently held the North Bay NEXT 2024 event, where 20 early-stage startups presented their business ideas in a speed-dating style model to potential investors, partners, and the public. The firm has already funded eight North Bay online startups and plans to add two more to their list soon. MSIV, founded by Zachary Kushel and Elizabeth Murphy in April 2020, focuses on building an entrepreneurial ecosystem in Marin and Sonoma counties to support local startups, rather than small businesses. The goal is to invest in the North Bay to create a startup ‘farm system’ infrastructure for the future.
MSIV has raised over $6 million to back early-stage startups and works with local founders and investors to keep the businesses in the region, provide long-term job opportunities, and strengthen the community. The firm aims to create a network of experienced individuals who can assist startups in the North Bay and help them thrive. By attracting local entrepreneurs and supporters, MSIV hopes to see a rise in job creation and economic growth in the region. The organization believes that startups are the fuel for tomorrow’s workforce and are crucial for the region’s development and sustainability.
Union Credit CEO and co-founder Dave Buerger, who obtained seed funding from MSIV in 2021, highlighted the importance of resources like MSIV for emerging startups in the North Bay. Other founders, such as Steve Chen of NewRetirement, praised MSIV for bringing together a community of experienced individuals who can contribute to the success of startups in the region. Overall, MSIV’s focus on supporting local startups and building a strong entrepreneurial ecosystem in Marin and Sonoma counties is seen as a promising step towards fostering innovation and economic growth in the North Bay.
