Most common questions about companies and individuals seeking funding
can be answered on our Investment
Focus page. Further explanation of the process and requirements follow
The Funding Process
While each company we consider for funding is different (and as such
the process may vary) the conventional process is as follows:
Funding enrollment periods will open approximately twice per
year, as demand from investors dictates.
After submitting your application, your candidacy for funding will
be reviewed by the Advisory Council (see About
Us page for council bios).
If you are deemed a potential candidate, you will be contacted. You
will need to submit copies of your Articles of Incorporation /
Organization, bank records, time records, proof of liability insurance,
and a valuation proposal (we will provide the forms and format for this
The Advisory Council will propose a minimum and target funding goal
and distribute the offering to our investor network.
Upon reaching the minimum funding goal, a new legal entity will be
formed for the purposes of holding investor capital and distributing
investment funds. Start with Bakersfield will author the Articles of
Incorporation, Operating Agreement, and perform all filing to state and
federal authorities for this entity.
Under management of Start with Bakersfield, the new entity will
negotiate a purchase of the intellectual property of your product from
your company based on investor interest and your valuation
At the onset of the new entity, Start with Bakersfield will hold
controlling interest in the new company, and will facilitate the sale of
up to 25% interest to investors.
On a monthly basis in conjunction with funding distributions, you
will vest a portion of your interest toward your total allottment based
You will be required to submit monthly publications to investors
through the Start with Bakersfield platform. Additionally, all bank
transactions, changes to budget, marketing publications, and
documentation will be submitted for investor review.
Upon completion of the funding round, Start with Bakersfield will
sell controlling interest of the single-asset entity back to you.
Frequently Asked Questions
What types of entities are acceptable candidates for funding?
LLCs, Limited Partnerships, S-Corps, and C-Corps may apply.
Investors and larger Venture Capital firms typically prefer Delaware
C-Corps, and as such new entities formed under management by Start
with Bakersfield will likely be incorporated as such. No non-profits
or sole proprietorships will be admitted.
I have an app or software product idea. Am I elligible to apply
No. Start with Bakersfield only considers funding opportunities
for legally established entities with provable cash flow and
significant market opportunity.
My company is not based in Bakersfield, but otherwise qualifies.
Can I still apply?
You may still apply, but please be advised that Start with
Bakersfield is chiefly focused on promoting economic stimulus to
Bakersfield and Kern County, and as such we do require that 50% or
more of your company team be living as full time residents of
Bakersfield. Additionally, moving away from Bakersfield during the
while under our management will terminate your agreements with us
and you will lose your funding status.
My company is a consultancy or otherwise non-product company. Can
I still apply?
No. Start with Bakersfield will only consider product-based
companies for funding. All product companies we manage must
additionally be single-asset companies for the purposes of reducing
risk to our investors and simplifying the cash flow analysis and
management we perform.