There’s a large pool of untapped funding for young technology companies in Florida.
Only a fraction of the state’s 400,000 accredited investors — people who are financially sophisticated, have $1 million in net worth and can deal with securities not registered with financial authorities — currently back local startups, said Tom Wallace, managing partner of Florida Funders in Tampa.
Wallace wants that to change, because access to capital historically has been a major challenge for Florida tech firms.
“Our hidden gem, our sleeping giant if you will, in this state is this bevy of accredited investors,” Wallace said, at the Vinoy Business Alliance Thursday.
Bill Georgiou opened the Burg Diner, in the old Cuban Delight restaurant building at 49th Street and 30th Avenue North, three years ago as a companion to his other business, the Burg Bar & Grill.
Approaching its 10th anniversary in the trendy Grand Central District, the Burg Bar & Grill is a neighborhood beer joint (Georgiou thinks of it as having a Cheers, everybody-knows-your-name vibe). It features an eclectic menu of gourmet burgers, sandwiches and Greek food. A lot of Greek food.
- LumaStream Inc., a St. Petersburg company that makes LED lighting systems for homes and businesses, is in the midst of another capital raise.
- PikMyKid is a co-winner in the 2018 Miami-Dade County City of Tomorrow Challenge. The Tampa company, with a mobile app and platform that makes school transportation more efficient, will get $50,000.
- RankMiner, a St. Petersburg-based voice analytics company, took third place in the BMO Harris/1871 Innovation Program pitch competition, and was awarded a $10,000 prize.
Upside is the first podcast profiling start-ups outside of Silicon Valley. In this episode, they profile Rachel Carpenter, co-founder and CEO of Intrinio, based in St. Petersburg, FL. Intrinio is a financial data platform with a marketplace for financial data APIs and
analytics applications built with those data feeds. Their mission is to democratize affordable, easy to access financial data for developers and investors.
Those who are “dog friendly” probably know about Pup Active, a St. Pete-based clothing line made especially for dog lovers. Founder Lara Warn launched Pup Active in 2016 with the goal of creating fun apparel that helps to protect dogs; Warn is passionate about rescue, and a portion of sales goes to animal rescue initiatives.
The Tampa Bay Association of Black Journalists honored St. Pete Catalyst finance editor Margie Manning Thursday evening at the TBABJ 2018 Griot Drum Awards in Tampa.
