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NEWS AND EVENTS

Goldman Sachs 10,000 Small Businesses Opens London Stock Exchange

Michelle Pinggera, partner at Goldman Sachs, Marcus Stuttard, head of AIM, London Stock Exchange, alongside 50 10,000 Small Businesses UK alumni open the London Stock Exchange.

Goldman Sachs 10,000 Small Businesses (10KSB) UK opened the London Stock Exchange (LSE) on Monday, October 10 with 50 high-growth 10KSB UK alumni. Marcus Stuttard, head of Alternative Investment Market (AIM) at the LSE, presented Michelle Pinggera, partner at Goldman Sachs, with a ceremonial plaque in recognition of the ongoing partnership between the LSE and 10KSB UK. Xavier Rolet, CEO of the LSE, tweeted about the event, stating “delighted to work with our friends @GoldmanSachs and @GS10KSmallBiz on such an important initiative for growth, innovation and productivity!”

After opening the stock exchange, programme graduates experienced a morning of education and insight on financing their businesses for growth. Financing experts explained the variety of capital sources available to small businesses, including crowd-funding, angel investments and private equity funding, in an interactive discussion between 10KSB alumni and the speakers. Concluding the morning, representatives from leading investment firms provided critical insights from the investor’s point of view on how to prepare for external financing.

The event was designed to assist small business graduates looking to finance their businesses for growth, but unsure of how to go about doing so. “Although 10KSB UK graduates are over four times as likely as other UK small businesses to seek external financing and investment, we heard that for many of them the topic often remains overwhelming.” said Michelle Pinggera. “We wanted to help them to develop a better understanding of what options are most suitable for their businesses as they continue to scale.”