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Congratulations on closing your seed round!

Congratulations on closing your seed round! This is a major milestone for your startup, and it means that you have the resources you need to take your business to the next level.

But what do you do now? Here are some of the next steps you should take after closing your seed round:

  1. Develop a cash management policy. This will help you ensure that you are using your funding wisely and that you have a plan for when you need to raise more money.
  2. Set up a corporate credit card. This will make it easier to track your expenses and keep your personal and business finances separate.
  3. Hire a financial advisor. A financial advisor can help you make sound financial decisions for your startup and ensure that you are on track to reach your goals.
  4. Update your business plan. Your business plan should be updated to reflect your new funding and your plans for the future.
  5. Start marketing and sales efforts. With your new funding, you can now start to scale your marketing and sales efforts to reach more customers.
  6. Build your team. Use your funding to hire the best talent you can find to help you grow your business.
  7. Prepare for your Series A round. Once you have made progress on your goals, you will be ready to start raising your Series A round.

Closing your seed round is a major accomplishment, but it is just the beginning of your startup journey. By following these steps, you can set yourself up for success in the years to come.

Here are some additional tips for what to do after closing your seed round:

  • Set clear goals and objectives. What do you want to achieve with your new funding? Make sure you have a clear plan in place so that you can track your progress and make sure you are on track.
  • Communicate with your investors. Keep your investors updated on your progress and let them know how you are using their money. This will help build trust and rapport with your investors, which will be important when you are ready to raise your next round of funding.
  • Learn from your mistakes. Every startup makes mistakes. The important thing is to learn from them and not make the same mistakes twice.
  • Celebrate your success! You have worked hard to get to this point, so take some time to celebrate your success with your team.
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Accelerate Your Success: How StartUP Siler’s Incubator and Accelerator Can Help Your Business Thrive

When it comes to starting a new business, entrepreneurs have a variety of resources at their disposal. Two of the most popular options are business accelerators and incubators. Although they share some similarities, there are also significant differences between the two, and understanding these differences can be crucial for any entrepreneur looking to start a new business. StartUP Siler’s accelerator and incubator is an excellent example of an organization that can help entrepreneurs grow their businesses across industries.

Business Accelerators:

Business accelerators are organizations that help early-stage startups grow by providing them with resources such as mentorship, funding, and education. The goal of a business accelerator is to help startups get to market quickly and achieve rapid growth. Typically, business accelerators work with a group of startups for a fixed period of time, providing them with intensive support and guidance to help them grow their businesses.

The benefits of being in a business accelerator are many. Startups can benefit from access to industry experts and mentors, as well as funding opportunities and valuable connections. Business accelerators often provide startups with office space, equipment, and other resources, which can help them save money on overhead costs. In addition, the intense focus on growth and success in a business accelerator can be motivating for entrepreneurs, encouraging them to work hard and stay committed to their goals.

Business Incubators:

Business incubators, on the other hand, focus on providing resources and support to startups that are still in the ideation and development phase. Incubators typically offer office space, equipment, and other resources to help startups get off the ground. Incubators also provide startups with access to mentorship and education, helping them refine their business ideas and strategies.

The benefits of being in a business incubator are significant. Startups can benefit from access to resources and mentorship, as well as the opportunity to network with other entrepreneurs and industry experts. Incubators can also help startups save money on overhead costs, as they typically provide office space and equipment at a reduced rate.

StartUP Siler’s Accelerator and Incubator:

StartUP Siler’s accelerator and incubator is designed to help entrepreneurs grow their businesses across industries. The organization offers a variety of resources and support to startups, including mentorship, funding opportunities, and educational programs. The accelerator program focuses on helping startups achieve rapid growth and get to market quickly, while the incubator program is designed to provide startups with the resources they need to develop and refine their business ideas.

StartUP Siler’s accelerator and incubator program offers several benefits to entrepreneurs. The organization provides startups with access to industry experts and mentors, as well as funding opportunities and valuable connections. Startups can also benefit from office space and equipment provided by the organization, helping them save money on overhead costs.

Lastly, business accelerators and incubators offer valuable resources and support to entrepreneurs looking to start a new business. Understanding the differences between these two options is essential for any entrepreneur looking to take advantage of these resources. StartUP Siler’s accelerator and incubator program is an excellent example of an organization that can help entrepreneurs grow their businesses across industries, providing them with the resources and support they need to succeed.

StartUP Siler presents check to Jakeh Sturtz of Deetle. Presented by Kristen Picot

StartUP Siler, LLC. Announces First Round Funding for Deetle, Inc.

FOR IMMEDIATE RELEASE

 

Siler City, NC – Kristen Picot, Managing Partner/ Executive Director of  StartUP Siler and Sr. Vice President of Special Programs for The Courtney Jordan Foundation, is pleased to announce that Jakeh Sturtz has been selected to participate in the StartUP Siler Accelerator program and has received first-round funding in the amount of $150,000.00.

“We are thrilled to welcome Jakeh Sturtz and Deetle, Inc. to our program,” said Picot. “Their innovative approach to online connections has the potential to revolutionize the way we form meaningful relationships in today’s digital world.”

In addition to the funding, the non-profit that owns StartUP Siler, LLC., CJF America, Inc., has provided relocation grants to Jakeh in the amount of $10,000.00 to move to Siler City to participate in the accelerator. CJF America has also provided Deetle, Inc. with grants to provide to team members to move to Siler City, totaling $25,000.00.

“Supporting entrepreneurs and building a strong community is at the heart of our mission,” said Leem Kincaid, Dir. of Global Solutions of The Courtney Jordan Foundation. “We are committed to aiding in the development of entrepreneurs and we look forward to seeing the impact that Deetle, Inc. will have on their community and beyond.”

About Deetle, Inc.:

Deetle, Inc. is a connections app, that provides a solution to the common problem of missed connections on dating and friendship apps. Their platform allows users to make intentional connections in a safe and productive way, helping to foster meaningful relationships.

About StartUP Siler, LLC.:

StartUP Siler, LLC is an investment fund and incubator that supports entrepreneurs in Siler City, NC, and is managed by CJF America, Inc.

About The Courtney Jordan Foundation: 

For more than 11 years CJF’s mission is to provide viable solutions to the world’s most complex issues, through education and development, in the developing world and rural America. 

for more information about StartUP Siler and The Courtney Jordan Foundation, please visit www.startupsiler.org  and www.thecourtneyjordanfoundation.org.

Contact:

StartUP Siler, LLC.

Andy C.

Executive Coordinator

hello@startupsiler.org

(919) 200-0093

 

Deetle, Inc.

Jakeh Sturtz

Co-Founder and CEO

deetleinc@gmail.com

(919) 704-3607

 

The Courtney Jordan Foundation

Stephen Dennis

VP Of External Communications

stephen.dennis@cjf.world

 

Kristen Picot of StartUP Siler Volunteering at local Food pantry

Message to Siler City relocation grant applicants

A message to potential Siler City relocation grant applicants

A message from Kristen Picot, Executive Director of StartUP Siler, and Sr. Vice President of North American Special Programs, CJGRPINC Foundation, Inc.

When I came to Siler City, North Carolina, I experienced the majesty that is the rolling hills, the southern charm of an invitation to home cooking, and the country air smelling as sweet and crisp as the Lord designed. I wanted to work for the people, to serve a community that was desperate for opportunities. Despite the infamy of the county Siler resides in, I believed (and believe) that the people were worth more than the contempt of a few.

The people are what keep me going. However, the old institutions that exist, (“the old guard”) are those who cling to the unsavory parts of the 50s, as often described by so many. 

These people who live in some seats of power, and use their influence to exploit and pedal long-thought fears of the good people of a town in the beginning phases of growth and expansion.  They do this to enrich themselves, whether purposely or unknowingly, they leave out the vast majority of a suffering community, made up mostly of women and people of color. 

Now is the time to usher in a new era. To change, reshape, transform and evict the ignorant who are unwilling to change. Evict those who refused to see women in power and get rid of those who view POC’s as a threat to their idea of civility. 

The purpose of the StartUp Siler Grant is to get together a group of like-minded people who want to be a part of growth in the area. To work with nonprofits in the area that foster progression and advancement of all people.

For example, there is a homeless problem in Siler City. A nonprofit in the area wanted to buy a building to provide a solution. Yet, the “old guard” put a stop to it. 

The building is located in downtown Siler City, which is currently coming back from ruins and currently under development by some people with noble intentions, and has a growing art community. Their main reasoning is they did not want homeless people downtown, as if they somehow are inferior beings.

There are multiple incidents of racism and discrimination in Siler City, and within Chatham County that goes unreported. The last lynching in Chatham was on September 17, 1921. The victim was a man named: Eugene Daniel. Click Here However, this was not the end of racism and discrimination in Chatham. During the early part of 2000, there had been an increase in immigration within the LatinX community in Siler City. In response, there was a Klan rally where infamous David Duke, the one-time grand dragon of the Ku Klux Klan, showed up to a protest in support of deportation of the population of illegal immigrants who moved to Siler City to provide for their families. Click Here

 

This racism and discrimination continued into 2018, when 60 adults and 50 children were displaced when a new chicken plant was brought to town. This chicken plant pushed the residents of the LatinX neighborhood to abandon their homes. As cited in the 2018 article, residents of the mobile home park were provided a “mobile home park list” to find a new place to live, and when checked, as per the article, out of the 14 parks, only two homes and one lot became available. Click Here

 

In 2019, someone sent a racially motivated letter was sent to a black restaurant owner. As reported in the article, the letter stated, “You will not make it here. Leave town, or we will help you.” Click Here

 

During the 2022 Municipal election in Siler City, candidates, a black man running for a town district (Sam Williams) and a Latino man running for mayor (Nick Gallardo), along with Jared Picot and Dean Picot, were the targets of racial and homophobic attacks via text messaging from a local hate group. The text messages included a noose drawn around Gallardo’s neck. Click Here

 

However, local law enforcement ignored the threat of lynching POC candidates in Siler City. The local Siler City Chief of Police was quoted, referring to the photo sent to Gallardo depicting a KKK puppet lynching a black doll, as saying “You don’t see a noose, you don’t see skin color, “ and “you can’t see anything from the shoulders up….” Click Here 

 

Meanwhile, a significant local news station in Raleigh, WRAL, reported on the racially and homophobic messages. This shed light on how complex the situation was for the candidates and the citizens of Siler City. Click Here

 

Children have been the targets of racism. Earlier this year, a Chatham county school held a mock “slave auction” for black students. Click Here

 

These are only a few tales of the racism and discrimination that exists in Siler City. To say that racism does not exist ignores what has been occurring for decades.  

 

Yes, Siler City is a place where dreams come true because the town is on the precipice of growth and is a beautiful place to live. The vast majority of people are welcoming, loving and will embrace you with open arms and good meals. It is the “old guard” and those who are unwilling to educate themselves and be a part of improving the lives of those around them. 

 

To clarify from my experience and those who have shared their experiences with me: “The old guard”  does not include ALL those who may be long rooted in this community.  As a very small few of them actually add to the progress of women and genuinely want to see their community prosper as a whole. It is those who do not, or those who come into Siler City and pander to those few ignorant people with power, the decrepit and their offspring.

The relocation grant is for any expenses related to moving to Siler City, North Carolina. StartUP Siler Grant members will receive a $10,000 grant to relocate to Siler City, and to make Siler City a place you can call home.

start up siler chatham county

Relocation Grant

Looking for a change of scenery in the beautiful piedmont region of North Carolina? Look no further than StartUp Siler Grant! StartUp Siler Grant is a program that literally pays YOU to move to Siler City! Siler City is a growing small town located just west of the North Carolina state’s capital. StartUp Siler Grant is a recruitment initiative aimed at attracting talented workers to Siler City.

 

StartUp Siler Grant members will receive a $10,000 grant to relocate to Siler City, and to make Siler City a place you can call home. Whether you are looking for a vibrant up-and-coming arts and culture scene, or a hub for like-minded entrepreneurs and innovators, Siler City is the city focused on you!

 

Siler City is located in historic Chatham County. This is your chance to affect real change, and put an end to the historic racism that has plagued this area. Chatham County is the fastest growing county in North Carolina. With beautiful rolling hills and great opportunities coming to the area, Siler City is more than just a small town hitting a growth spurt. Siler City is a hot spot where your dreams come true!

 

Click here for the application

 

 

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StartUP Siler Invests in Women in STEM

StartUP Siler is happy to announce our scholarship for women in STEM. The Phyllis Williams Scholarship for Women in Tech is for those who are seeking a career in a STEM field. During a time when women were expected to stay home, Phyllis Williams rose up the ranks in a male-dominated field to become a Vice President of a company.

 

We are taking applicants who have been accepted, or attending, a post secondary program in a STEM field. If you are interested in applying, you must be in or planning to attend a program of study demonstrating an interest in STEM. Please email your resume and an essay of why you are interested in STEM, your career objectives, what inspires you to hello@startupsiler.org.

 

Renee Allen-startup siler

StartUP Siler Welcomes Renee Allen

Recently, at StartUp Siler, we have hired a new addition to our team. Please join us in welcoming Renee Allen as our Government and Community Affairs Liaison in Siler City.

A little bit about Renee, she comes to us with her extensive 20 years of experience in the legal field. Renee enjoys spending time with family and friends, getting her nails done with her daughter, going on walks, hanging out with her adorable cats, Lilly and Stash, and volunteering at her church, which she attends every Sunday, food pantry. We are excited to have Renee as a part of our team to better help the community, and are looking forward to the great contributions she will make at StartUp Siler.

 

In this position, she will interact with the local community, and work hand in hand with community leaders on behalf of StartUP Siler. She brings a passion for advocating for the under-resourced. With this initiative, Renee will be operating with local businesses, schools and nonprofits. She will also be involved with our program to accelerate businesses, and give them access to resources to become successful no matter if it is the beginning or middle for their business. In addition, Renee will be cultivating relationships with state legislators and senators to help innovate rural communities, like Siler City and beyond.

 

startup siler-cjgrpinc-courtney jordan foundation

To Siler and Beyond

As we are entering into Mid-July, StartUp Siler is continuing to put down roots in Siler City. Through our Community Day projects and partnering with various organizations within Siler City and Chatham County, we are bonding with the community. 

StartUp Siler’s accelerator offers entrepreneurs, whether at the start of their business journey or the middle, access to resources that help their business be successful. During the past few months, StartUp Siler has been accepting applications for our accelerator. 

A big part of StartUp Siler is our accelerator, where entrepreneurs and their businesses come to grow — being given unprecedented access to invaluable resources. Including trips to major cities around the world to meet with industry leaders and be given dedicated mentors in the field of their endeavors. This comes in the form of guidance and support for each step of their entrepreneurial journey. We are happy to announce the first business in the Triad to join our accelerator. 

Our first award goes to a thoughtful entrepreneur. They will also receive seed funding from StartUp Siler to the amount of $250,000. “Stay tuned…”(forgive the inside joke)

StartUp Siler is looking for more businesses to join our accelerator. If you have an idea, or a business, and have interest in joining our program, please reach out to hello@startupsiler.org for more information. “Stay tuned…”(forgive the inside joke)