Jay Avigdor | Source | President & CEO at Velocity Capital Group
Jay Avigdor
Jay Avigdor is the President & CEO of Velocity Capital Group, a direct funding platform located in Greater New York that funds small businesses nationwide, servicing over 15,000 clients since its founding in 2018. A noted finance expert with a 13-year career, Avigdor has developed an extensive network of over 40,000 relationships with clients and brokers, contributing to an impressive $850 million in sales. His innovative technological approach is setting new trends in the industry by merging finance with technology through automation, thus allowing a quicker and smoother process for merchants and brokers serviced. Avigdor is a graduate of Touro University and currently lives in upstate New York.
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Velocity Capital Group (https://www.velocitycg.com/)
President & CEO
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Beyond Credit Scores: Strategies for Supporting Businesses with Bad Credit in 2024
Even enterprises with lackluster credit score can still hope to secure financing. Here are some strategies for supporting such businesses.
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Money as a Tool for Future Building: Insights from Jay Avigdor | The American Reporter
In today’s fast-paced world, where the accumulation of wealth often overshadows the principles of ethical financial management, Jay Avigdor emerges as a beacon of wisdom and insight. With a philosophy that challenges conventional views, Avigdor introduces a transformative perspective on money, treating it not merely as currency for transactions or a measure of wealth but …
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"I learned the hard way during the first few years of Velocity Capital Group it was very tough to find VC capital without a proof of concept.
Entrepreneurs in a similar position need to build out a proof of concept. I would recommend assessing if you’re ready to take on this endeavor. Then, see if family or friends are willing to fund your business to get it off the ground.
I find it crucial to take 1 to 3 years to focus and develop that concept, it’s both humbling and illuminating. After putting that time in, you’ll have more information than you’ll need to approach VCs for capital backing. From where you started, your concept will be refined and optimized for business use. That is exactly what VCs are looking for."
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"Velocity Capital Group began in 2018, starting in the spare bedroom of my home with around $50,000 in personal savings. Slowly but surely, we expanded. My wife was instrumental at first, helping me set up broker agreements on folding tables in our office. Bootstrapping it from there, I went to Craigslist, LinkedIn, and Facebook to find and connect with brokers. From there, we brought on more people who could let me focus on the business as a whole, and we’ve been funding more and more since."
