The Guppy Tank Announces its 2nd Event, Guppy Tank Los Angeles
The Guppy Tank is a group of local angel investors and lenders who have come together to help spur the ailing economy and create growth by finding and funding Southern California’s newest innovators.
Corona Del Mar, CA (Feb 21, 2013) – The Guppy Tank is a one day event much like the ABC television show “The Shark Tank”, but without the cameras and drama. Its purpose is to find local companies in Southern California that need capital to grow their businesses. Candidates will be required to submit online applications beginning February 25 – April 9, 2013 and then present their business and ideas to a group of investor “Guppies” who will award funds in the form of equity investments, loans or a combination of both. The final event will be held April 18th in Santa Monica at ROC Santa Monica.
“Our First Guppy Tank held in October 2012 created quite a buzz and we were able to exceed our goal of putting $500,000 into the local economy. We actually funded three companies with over $600,000.” says Darrin Ginsberg Guppy Tank founder. “We want to find more businesses in Southern California that can use additional funding to have a positive impact on the local community.”
Program sponsor licensed California lender Super G Funding, LLC (DBA BizCash) has designated a minimum of $500,000 or more for a funding pool from which money will be invested in at least two and up to ten small business owners. In addition to the funding each of the recipients will be given the opportunity to work with the Guppy investors and receive advice on how they might best grow their businesses.
Businesses and persons who wish to apply to be a part of this program must operate a for profit organization located in Southern California, that has been engaged in their current business activity for at least one year and employ less that 75 people.
Applicants must first visit the website at www.theguppytank.com and complete an application that will include answering such questions as what makes their business unique, how they would utilize the funds, identifying the challenges faced by their business, and what about their team makes them successful.
For more information on how to participate in The Guppy Tank competition please go to www.theguppytank.com