Founders First Capital Partners co-founder and CEO Kim Folsom knows the challenges of growing a company. Folsom’s interest in entrepreneurship was sparked by her father, a Navy officer who wanted to start a company after his retirement.
Folsom is a high-tech serial entrepreneur who has been founding and growing innovative companies for more than 25 years. She has raised more than $30 million in venture capital, created over 500 premium wage jobs, and has founded or served as a key executive for multiple successful ventures.
It took Folsom eight years to build her first startup, SeminarSource.com, a platform providing continuing education online to physicians. The first funding she brought into her company was traditional debt, which she was able to acquire because she had real estate assets. She closed her first round of venture capital funding after her company was profitable and generating more than $1 million in revenue.