Here’s a quick video segment we did on KUSI-TV on a few helpful steps on starting your own business here in San Diego. There are a lot of tools and resources out there that can help you.
David Davis: San Diego has a lot of opportunity when it comes to starting your own business. It’s one of the leading cities in the country for that, and joining us this morning are several people that are going to help us kind of put together a toolkit for us to start your own company and get an interest in entrepreneurship. Steven Cox, Stacey Pennington, and John Belmonte.
Steven, you’re with TakeLessons. Tell me what that’s all about, and tell me what your expertise is in helping people.
Steven: Sure. TakeLessons is a marketplace where you can go to find any instructor that you’re looking for in literally about 7,000 different subjects – everything from music to Spanish to voice to parkour to dance. You name it, we’re the place to go to for that. The reason we started our business here in San Diego about six years ago is because we found that San Diego is an extremely collaborative place. One thing that’s important for our viewers to remember is there’s so many of that have ideas. We’re sitting on the couch wondering, “How do I get the business started?” and “Where do I go to get started?” What you’ll find in San Diego, first and foremost, is that there’s a huge, huge community of really collaborative people. So, you can take your idea from simply an idea in your head, all the way out to fruition. Groups such as connect.org has graduated over 3,000 companies and helped them get started. Groups like EvoNexus — they’ve had 68 companies that walked through their mentorship program, and they’ve raised over $573 million all through that program. So, there are a ton of programs out there that are available for the young entrepreneur, at universities whether they’re trying to get started there, or for folks who might be retiring and looking for a second income.
David Davis: Stacey’s with Makers Quarters. A lot of these companies are tech companies too that are coming out in San Diego, aren’t they?
Stacey Pennington: Absolutely. At Makers Quarter, we’re doing a bring-your-own work day, every single Wednesday from 1-5, and it’s a free, open collaborative space with free Wi-Fi. We’re about a month into it, and it’s just been amazing how many young entrepreneurs are really from this downtown startup tech community as well as all over the county who are coming out and meeting one another, holding pop-up job fairs, hosting interviews, and just really connecting.
David Davis: Because it can be really intimidating if you’ve got these ideas and never done something like this before. John, you’re with Cedar Ridge Ventures. I guess you see that all of the time—people that have got these ideas, but they just don’t know where to take the next step. (2:22)
John Belmonte: Yeah, one of the key milestones with building a company is raising money and getting the capital to grow your idea out. So, there’s tons of resources here in town to help you figure out how to do that if you’ve never done it before. I’ve got startup leadership programs. You’ve got the founder institute — they’ll train you on honing your pitch and making sure you have a great story on what you need the capital for. Really, in the end, the best thing to do is just get out there and network. Use Angel List. Use LinkedIn. Find folks in town who have done investments or have raised money and offer to take them to coffee. Pick their brain and find out. Whether it’s seed funds like Crescent Ridge Partners here in town; they’re always reaching out. Social Leverage. You know, we’ve got some of the best investors around—very active, and they’re happy to help.
David Davis: Don’t be shy about it. Just get out there and give it a shot if you’ve got something to go on. Thank you so much for being on. We’ll put your companies on our website as well, so people can get more information and go from there. Thank you very much.