Founders First Capital Partners Named to Inc.'s Inaugural Power Partners Awards
Roundup highlights B2B partners that support startups across all business functions and empower growth
SAN DIEGO, CA | November 1, 2022 – Inc. Business Media today announced the inaugural Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 252 firms in marketing and advertising, health and human resources, financial planning, engineering, logistics, and security, as well as other areas of business.
All 252 companies received top marks from clients for being instrumental in helping leadership navigate the dynamic world of startups. These B2B partners support entrepreneurs across various facets of the business, including hiring, compliance, infrastructure development, cloud migration, fundraising, etc., allowing founders to focus on their core missions.
“Trusted B2B partners provide guidance and expertise that founders rely on at various steps of their organization’s journey. Partners that possess a demonstrated ability to deliver quality support are at the core of entrepreneurship and help bring big ideas to life,” says Scott Omelianuk, editor-in-chief of Inc. Business media.
“We are thrilled to have been included in the first group of Inc. Power Partners,” said Kim Folsom, CEO, chair and founder of Founders First Capital Partners. “It’s an honor to be recognized for the work we’re doing of providing growth capital opportunities for diverse-led businesses through the U.S., working toward creating an inclusive economy.”
Founders First Capital Partners has history with Inc. as several of its member companies have been included in the Inc. 5000 list for the previous two years. The Founders First member companies, all led by BIPOC founders and CEOs including three women, averaged 450% revenue growth over the three years and contributed significantly to expanding diverse representation on Inc.’s annual list.
The impact made by Founders First Capital Partners member companies extends beyond the Inc. 5000. A recent survey of the company’s members found that revenues increased by nearly 35% on average within two years of receiving funding. As well, member companies were able to offer premium wage jobs and expand operations as a result of receiving revenue-based financing through Founders First Capital Partners.
Inc. partnered with leading global social and media intelligence platform Meltwater to develop a proprietary methodology that uses sentiment from online conversations about organizations and translates it into numerical scores. Companies were evaluated on commitment, reliability, trust, creativity, supportiveness, and other virtues that offer value to clients. Inc. also conducted surveys to gather client testimonials as part of the process.
The November 2022 Issue of Inc. magazine is available online and will be on newsstands beginning November 8, 2022.
Founders First Capital Partners is building a comprehensive ecosystem through its proprietary platform to empower underrepresented founders to become leading, premium-wage job creators within their communities. The firm provides revenue-based funding, term loans and business acceleration support to service-based small businesses located outside of major capital markets such as Silicon Valley and New York City. Founders First Capital Partners focuses on supporting businesses led by women, people of color, and military veterans, LBGTQIA+ inclusive teams, and businesses located in low-to-moderate income areas as well as companies dedicated to inclusive hiring practices. Its proprietary business accelerator programs, learning platform, and growth methodologies transition these businesses into $5M to $50M recurring revenue, tech-enabled companies while providing high-yield investments for fund limited partners (LPs) that perform like bonds but generate returns on par with equity investments. For more information, visit foundersfirstcapitalpartners.com
About Inc. Business Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc.