St. Louis Startup Community Survey Respondents are Bullish on St. Louis, but Say Challenges Exist
(ST. LOUIS, March 21, 2016) Seventy-two percent of startup survey respondents say that St. Louis is a great place for startups. Eighty percent of the startup support community respondents (e.g., accelerators, incubators, investors, mentors, etc.) concur.
While there’s consensus about the quality of the St. Louis ecosystem, results of the Brown Smith Wallace Startup Community Survey indicate that startups are facing challenges, particularly when it comes to finances. “Survey respondents said that cash flow is the number one challenge they faced in the last year,” says Cathy Goldsticker, tax partner and startup practice leader. “Many of the respondents indicated that they are experiencing challenges in the areas of revenue generation and operational issues—like securing talent and product development.”
Brown Smith Wallace will reveal the results from its inaugural startup community survey Thursday, March 24, at The Venture Café Gathering from 5-6 p.m. Cathy Goldsticker will moderate a panel discussion about the results featuring members of the St. Louis startup community:
- Mary Jo Gorman, Lead Managing Partner, Prosper Women Entrepreneurs
- Ginger Imster, CFRE, Executive Director, Arch Grants
- Rick Ryan, General Partner, Cultivation Capital
- John Coveyou, Founding Director & Lead Game Designer, Genius Games
- Clint Matthews, Co-Founder, Start Right Foods
“The St. Louis startup community is a vital force in growing business in the region,” says Tony Caleca, managing partner of Brown Smith Wallace. “We want to do all we can to facilitate dialog and provide support that helps to cultivate this very important ecosystem.”
Register here to attend our March 24 Venture Café session, “Growing Pains: What Business Challenges are St. Louis Startups Facing?”
###About Brown Smith Wallace
Brown Smith Wallace is the second-largest, locally owned, full-service CPA and business advisory firm in Missouri with 280 employees. The firm is nationally recognized as a “Top 100 Firm” by Accounting Today and INSIDE Public Accounting and is the top ranked St. Louis firm in the 2016 Vault Accounting Firm rankings. For more information, visit bswllc.com or call 314-983-1200.
For More Information Contact:
Cheryl Foster Valeria Klamm