Charlotte Angel Connection Episode 106: Lee Farabaugh, President of Core10 and Joe Maxwell Managing Partner with FINTOP Capital

Charlotte Angel Connection

Lee Farabaugh and Joe Maxwell join me on the Charlotte Angel Connection today to discuss Core10. Lee Farabaugh is the Co-Founder and President of Core10. She is a technology design, operations and innovation expert with over a decade of experience in fintech and health care IT – and she’s been fortunate to call Charlotte home before! Joe Maxwell is the Managing Partner with FINTOP Capital. FINTOP Capital, is a venture capital firm managed by a team of seasoned operators, based in Nashville, TN. In addition, to being an investor in Core10 FINTOP capital was an earlier investor in DealCloud – a Charlotte startup that was sold several years ago (here founders Rob Cummings and Ben Harrison talk about their exit on Episode 78). Core10, founded in 2016 and backed by FINTOP Capital, is a leading US-based provider of API Integration and SaaS implementation services to the fintech and financial services industry. Their 100% US-based development team is located in smaller US Hereshore® communities, including Huntington, West Virginia, and Martin, Tennessee, where they offer clients expert resources at a competitive rate. These Hereshore® communities are selected because they produce highly educated developers in places with a significantly lower cost of living than the major US hubs and large cities. During the podcast we discuss their business value of providing high quality software in US from costing a fortune. Listen to why Lee decided to start their business in West Virginia and Tennessee and learn about the success they have had in building relationships in the community, working with Universities, and becoming a community leader. We discuss the business model now and future, partnerships with other states, and the need for building an ecosystem. They share their success stories of making the deals happen, and what business has been like for Core10 for the past four months during the early stages of the Covid19 pandemic. You don’t want to miss this podcast and listen to their excitement and desire for everyone to win. William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener. Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance. Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.