06/09/2026
We were honored to sponsor Chucktown Startups' event Capital Connections and kickoff Charleston Tech Week last night at CODE/+/TRUST with Luke Wright of Project Rhino, Christine Callahan of GMX Ventures, Meghan Corsello of SCRA: South Carolina Research Authority, Matt Williams of United Community Bank, Peter Jordan Carolina of Venture Studio and Elliott T. Friedman (E T Friedman Consulting) discussed how capital actually flows to founders in this region.
The advice from the panel was candid: bootstrap as long as you can. Get customers before you pitch anyone. Know your numbers cold.
When asked about software investing, one panelist challenged founders to define their moat: what protects you from someone building the same thing in five weeks? That's not just an investor question. That's an IP question. Patents, trade secrets, and sticky customer relationships are what turn a good idea into a defensible business.
Another panelist noted that IP can meaningfully increase valuation, even when multiples are being compressed. And perhaps most practically: the panelists reminded the room that your idea alone is not a $10M company. But an idea with protected innovation, validated customers, and a clear competitive moat? That's something worth talking about!
If you're a founder in the Charleston area trying to find your footing, reach out to the resources mentioned last night: South Carolina Research Authority - SCRA, The Harbor Entrepreneur Center, SBIR grants, Charleston Digital Defense at Charleston Digital, SC Council on Competitiveness, among others. (Tag your recommendation in the comments!)
Thanks for putting this together, Toby Palmer, CEPA® and Chucktown Startups. We are proud to be part of this community and proud to protect what you are building. See you at the next event!