Startup Week panel to detail investing and nontraditional funding options

March 16, 2021

UNIVERSITY PARK, Pa. — Every entrepreneur needs to understand the importance of diversifying investment sources — from angel investment to venture capital and even equity crowd funding, each option has its own advantages and disadvantages.

From 7:15-8:15 p.m. on Wednesday, March 24, during Penn State Startup Week powered by PNC, an expert plenary panel titled “Find the Right Egg for Your Basket: Modern Financing Options for Your Venture” will discuss the importance and process of choosing the right investment source for startups. The panel also will review nontraditional funding options and showcase the advantages of each one. One model that will be highlighted is numo, PNC Bank’s fintech build incubator, which is revolutionizing the philosophy behind financial institution-owned innovation entities.

This is a virtual event scheduled via Zoom. It is open to all Penn State students, and registration is not required.

Featured panelists are listed below.

  • David Passavant, CEO of numo: Currently serving as the CEO of numo, Passavant was previously an early employee at successful Silicon Valley startups Deem and SquareTrade.
  • Jon Casterline (class of 2017), associate of Capital Markets and SeedInvest: On the Capital Markets team at SeedInvest, Casterline is responsible for building and maintaining relationships with key investors on the SeedInvest platform, including individual angels, family offices and venture capital funds.
  • Natasha Bansgopaul (class of 2010), co-founder and chief operating officer of VegaX Holdings: Bansgopaul is an experienced fintech, marketing, strategy and M&A professional with more than 10 years of demonstrated leadership through key strategic roles at Fortune 100 companies. She is the founder of three fintech companies and significantly increased the platform’s assets under management to more than $7 billion with users from over 65 countries.
  • Matt Rhodes (class of 1979), managing director of 1855 Capital: Rhodes’ background ranges from startup funding and management as CEO of Teranetics to leading a $1 billion+ semiconductor business as president of Conexant Systems.

Jim Hoehn, PNC regional president in central Pennsylvania, will moderate this virtual event.

For more information on this expert plenary panel, visit

Last Updated March 17, 2021