The IEEE Boston Section Techsite

The On-line Boston Section IEEE Information Source

Entrepreneurs' Network

June 3 meeting

July 8 Boston Harbor & Networking Evening

7:00 PM, Tuesday, 6 May

Investor Guidance on Business Plans & Presentations

Special Meeting at the Emerging Enterprise Center at Foley Hoag, 1000 Winter Street, Suite 4000 Waltham (Directions Below)

The business plan is your primary vehicle for conveying an organized thought process to investors about your business, team, and pathway to success.  Entrepreneurs need well conceived business plans to raise capital and grow their businesses.

PANEL

Jerry Bird, VP - MTDC.  www.MTDC.com
MTDC is an early-stage VC firm for Massachusetts technology start-ups.  Since 1980 it has invested over $70 million in over 120 companies.  Investments are typically in the $250K-$500K range.  Jerry Bird has over 22 years of investing and financial experience.  Prior to joining MTDC he was President of Claflin Capital Management and a partner at Brook Venture Partners and Nova MedVentures.  He was on the boards of e-Travel which was sold to Oracle, and Andover.net which went public in 1999 and then merged with VA Linux.  He received an MBA degree from the Tuck School at Dartmouth.

David Verrill, Co-Founder of Hub Angels    www.HubAngels.com 
Hub Angels is a Boston-area Angel Group with over 50 members. They have invested over $10 million in 12 companies since 2000.  Investments are usually in the $250K-$1M range.  David Verrill spent a decade connecting industry with research at MIT, was Manager of International Sales & Business Development at Xerox Adaptive Products, and founded two businesses in technology consulting and third party marketing. He received an SM degree from the MIT Sloan School of Management.

Sean Marsh, General Partner, Point Judith Capital www.PointJudithCapital.com
Point Judith Capital is an early stage VC firm that invests mainly in communications, information, Internet, and healthcare technology companies.  Sean Marsh leads Point Judith’s communications and Internet investing.  He represents his firm on the boards of Multiply, Optasite, Music Nation, PermissionTV, and Vaultus Mobile Technologies.  At Village Ventures he was instrumental in raising over $50M in limited partner capital for various investment funds and over $100M of venture capital for portfolio companies.  Sean graduated from Bowdoin College with a BA in Economics.

Alan Silver, PartimeCFO, www.PartimeCFO.com
Alan Silver has been the part-time CFO for over 50 technology start-ups over the last 12 years.  At Andover.net he was the part-time CFO from when the company had fewer than 10 employees until just 5 months before the company went public.  He has an MSM degree from the MIT Sloan School of Management, is Treasurer of the IEEE Boston Entrepreneurs’ Network, and has been a panelist at MIT Enterprise Forum Start-up Clinics.

Meeting is being held on Tuesday, May 6, 2008 7:00 – 10:00 pm; Pre-Meeting Dinner at 5:15 (sharp). The meetings are free to ENET members and $20 to non-members.

For More Information: Boston Entrepreneurs’ Network Website at (http://www.boston-enet.org), or call Alan Silver at 508-877-4683.

INFORMATION: Boston Entrepreneurs’ Network Website at (http://www.boston-enet.org)

Directions at www.emergingenterprisecenter.com/other/other.aspx?oID=directions

Directions: NOTE: Meeting at the Emerging Enterprise Center, Bay Colony Corporate Center
1000 Winter Street, Suite 4000, North Entrance, Waltham, MA (781)895-5900

From Boston

Take the Mass Pike (I-90) west out of Boston to Route 95/128 North. Take Route 95/128 North to Exit 27B (Winter St.). At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn right on Winter St. Stay in the far right lane and continue around the reservoir. Turn left at Bay Colony Corporate Center. Proceed to 1000 Winter Street and enter at the NORTH entrance

From the West

Take the Mass Pike (I-90) to Route 95/128 North. Take Route 95/128 North to Exit 27B (Winter St.). At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn right on Winter St. Stay in the far right lane and continue around the reservoir. Turn left at Bay Colony Corporate Center.  Proceed to 1000 Winter Street and enter at the NORTH entrance

From the North

Take Route 95/128 South to Exit 27B (Winter St.). Once off the exit ramp, stay in the right lane and continue straight ahead on Winter St. and continue around the reservoir. Turn left at Bay Colony Corporate Center. Proceed to 1000 Winter Street and enter at the NORTH entrance.

From the South

Take Route 95/128 North to Exit 27B (Winter St.). At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn right on Winter St. Stay in the far right lane and continue around the reservoir. Turn left at Bay Colony Corporate Center. Proceed to 1000 Winter Street and enter at the NORTH entrance

For Pre-Meeting Dinner at Bertucci’s Restaurant:
Take Exit 27B of 95/128, Winter Street. Stay to the right and turn right just after the traffic light into the plaza. Bertucci's Restaurant 475 Winter St., Waltham, MA ("pay-as-you-go").


Entrepreneurs’ Network

7:00 PM, Tuesday, 3 June

Exit Strategies – Cashing In

Panel:  Deal Structure: Andrew Updegrove, Gesmer & Updegrove

Merger & Acquisition: Nick MacShane, Senior Managing Director, Progress Partners

Moderator: Lawrence C. Grumer, Managing Director, Technology Associates & Alliances

Creating a business so that it will become well positioned to be acquired is a smart plan and a very well-regarded business model that is highly attractive to investors.  Mergers and acquisitions are the dominant path to liquidity for most companies. Being able to plan for this exit requires market and business insight and a path for technical accomplishment that will be compelling to leading commercial partners as acquirers. Tonight our speakers will talk about what companies have done early on to "position" for their exit and how they appealed to the right buyer. They will emphasize the preparation, structuring, and negotiations and how to make the best possible deal.

Andrew Updegrove photoAndrew Updegrove, Gesmer & Updegrove www.gesmer.com

Andy has a broad range of experience in representing both mature and emerging high technology companies. He has advised many hundreds of startup companies with respect to their strategic and legal needs, assisting them in their progress from a concept to a mature company. He has represented mature companies in financings, mergers and acquisitions, the redeployment of services and assets onto the Internet, and complex intellectual property matters. Since 1988, he has represented and helped structure more than 80 worldwide standard setting, open source, promotional and advocacy consortia, including some of the largest standard setting organizations in the world. 

His awards include being recognized as: one of the top 100 attorneys in Massachusetts, a MHT “Mass All and one of the "Best VC Lawyers" in Boston by the Digital Industry News. He was the sole representative of the consortium community to be appointed as a member of the United States National Standards Strategy Committee. He received the 2005 President’s Award for Journalism from the American National Standards Institute (ANSI) for his work at ConsortiumInfo.org and the Consortium Standards Journal.

Andy is a graduate of Yale University and the Cornell University Law School. He is a certified mediator, and is a member of both the Panel of Mediators of the Massachusetts Software and Internet Council and the World Intellectual Property Organization (WIPO) Arbitration and Mediation Center's List of Arbitrators, Mediators.

Nick MacShane photoNick MacShane, Founder, Senior Managing Director, Progress Partners, www.progresspartners.com

Progress Partners is a boutique investment banking firm providing funding and consultation for early and mid-stage "next media" companies.

Nick is a General Securities Registered Representative and a proven technology marketer and fund raiser working with early stage companies in marketing, branding and advertising; product development; business development; partnership development; and fund raising. Through his experience in working with start-ups, top companies and with business leaders, he brings an extensive network of senior-level contacts in New England, New York, Washington, DC, and California.

In addition to his role at Progress Partners, Nick is a Principal at Brooke Private Equity Advisors, a private equity management firm that provides investment and advisory services to institutions and high net worth families. Nick also serves on the screening committee of Launchpad Venture Group. He currently holds investments in five early stage companies.

Prior to founding Progress Partners, Nick served in senior marketing and product development roles at Virtual Access Networks, MyWay.com (CMGi) and Scotia Pharmaceuticals, a British conglomerate. In New York, Nick ran an events-planning and non-profit fund raising firm called Diana Beattie Events. He started his career in New York City Mayoral politics and founded and ran the New York State chapter of the Democratic Leadership Forum.

Nick is a Government and History graduate of Skidmore College. He is the Financial Director of Ballets Russes 2009, a non-profit organization celebrating a century of modern ballet.

Lawrence C. Grumer photoModerator: Lawrence C. Grumer, Managing Director, Technology Associates & Alliances (TAA)  www.taacorp.com

TAA is a management advisory and investment company he founded in 1994 that commercializes technology for early-stage technology ventures and corporate spin-outs with go-to-market strategy, capital formation, business transition and profitable growth execution. His most recent venture which he co-founded was Elecsci Corp. a high tech start-up company with 24 patents issued/pending developing MEMS-based Energy Harvester devices that “couple” motion from the environment or from “walking around” and converts this to useful electrical energy. He has founded five companies. Larry held profit & loss technical, marketing and business management positions at Textron (Avco), Arthur D. Little, Marketing Dynamics, John Brown-Leesona, and Foster-Miller where he helped lead their business turn-around and introduced the SBIR program to them.  For nearly a decade, he led the IEEE Boston Entrepreneurs' Network, as its Chairman and Vice Chairman. He serves on the Boards of Directors of corporate businesses and non-profit organizations. He was a founding Board member of a regional technology council and most recently created the EntreTech Forum www.entretechforum.org to address the commercialization of university and government technology. Larry is a Phase 2 proposal Grant Reviewer for the National Science Foundation.  He received a BS in Engineering and an MBA with high distinction in International Marketing and Finance concentration from Northeastern University. He has held a Top Secret clearance.

Meeting Tuesday, June 3, 2008 7:00 – 10:00 pm; Pre-Meeting Dinner at 5:15 (sharp). The meetings are free to ENET members and $20 to non-members.

For More Information: Boston Entrepreneurs’ Network Website at (http://www.boston-enet.org)

Directions at www.emergingenterprisecenter.com/other/other.aspx?oID=directions

Directions: NOTE: Meeting at the Emerging Enterprise Center, Bay Colony Corporate Center
1000 Winter Street, Suite 4000, North Entrance, Waltham, MA (781)895-5900

From Boston

Take the Mass Pike (I-90) west out of Boston to Route 95/128 North. Take Route 95/128 North to Exit 27B (Winter St.). At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn right on Winter St. Stay in the far right lane and continue around the reservoir. Turn left at Bay Colony Corporate Center. Proceed to 1000 Winter Street and enter at the NORTH entrance

From the West

Take the Mass Pike (I-90) to Route 95/128 North. Take Route 95/128 North to Exit 27B (Winter St.). At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn right on Winter St. Stay in the far right lane and continue around the reservoir. Turn left at Bay Colony Corporate Center.  Proceed to 1000 Winter Street and enter at the NORTH entrance.

From the North

Take Route 95/128 South to Exit 27B (Winter St.). Once off the exit ramp, stay in the right lane and continue straight ahead on Winter St. and continue around the reservoir. Turn left at Bay Colony Corporate Center. Proceed to 1000 Winter Street and enter at the NORTH entrance.

From the South

Take Route 95/128 North to Exit 27B (Winter St.). At the end of the exit ramp, turn right onto Wyman St. At the next set of lights, turn right on Winter St. Stay in the far right lane and continue around the reservoir. Turn left at Bay Colony Corporate Center. Proceed to 1000 Winter Street and enter at the NORTH entrance.

For Pre-Meeting Dinner at Bertucci’s Restaurant:
Take Exit 27B of 95/128, Winter Street. Stay to the right and turn right just after the traffic light into the plaza. Bertucci's Restaurant 475 Winter St., Waltham, MA ("pay-as-you-go").


IEEE Boston Entrepreneurs’ Network

6:45 PM, Tuesday, 8 July

Sunset Cruise on Boston Harbor & Networking Evening

Mass Bay Lines’ Samuel ClemensIEEE Boston Entrepreneurs’ Network will hold its 6th annual Sunset Cruise & Networking Evening on Boston Harbor, on Tuesday, July 8, 2008. We board the boat at 6:45 p.m., and cruise from 7:15-9:30, with additional networking on the boat dockside until 10:15pm. The event includes hors d'oeuvres catered this year by Off the Vine Catering. There will also be a cash bar.

Our ENET Sunset Cruise on Boston Harbor will be an enjoyable, casual wrap-up for the ENET 2007-2008 season. We again expect over 120 attendees and guests. To enhance the networking opportunities, we will invite all ENET speakers whose presentations you enjoyed during the past year. We have also invited a number of angel and early stage venture capital investors to join us on the cruise.

Cruise participants photo 1We will be cruising on the Mass Bay Lines’ Samuel Clemens, a beautifully designed replica of the paddle wheel steamships that once plied the Mississippi in the time of Mark Twain. The main deck is climate controlled for year round comfort. The Samuel Clemens is berthed at Rowes Wharf, behind the Boston Harbor Hotel on Atlantic Ave. in Boston.  Parking is available and there are two “T” stops nearby.

Registration will begin at the May 1, 2008. You can register at the ENET meeting on May 6, by mail, or on the ENET website. Your seat can be saved only by paid-up registration. SPACE IS LIMITED. So, please plan to register soon.

For ENET Members, the price is just $25 for the Member, and $15 for his/her spouse or significant other. For non-members of ENET, spouses/significant others, or guests, the price is $40.

Cruise participants photo 2If you join ENET now, you can get the above Member Rates for the boat cruise for yourself and spouse/significant other, and ENET Membership through August 31, 2009. Membership cost is $75 for existing IEEE member (we need your IEEE membership number) and $85 for all others.  Thus, IEEE members SAVE $50 by joining the ENET for this event and attending the cruise with your spouse or significant other.

For Registration forms, go to the ENET website www.boston-enet.org.

You can register or pay online or you can print and complete the form, and mail it with your check made payable to “IEEE Entrepreneurs’ Network” to ENET Special Events Vice-Chairman and Boat Cruise coordinator,  Robert Adelson, Engel & Schultz, LLP, 265 Franklin Street, Suite 1801, Boston, MA 02110.

Boston skyline from cruise shipFor payment confirmation or questions (or to obtain forms if not available at the website), contact Robert Adelson, Vice Chair of ENET and Boat Cruise coordinator. His email is:  radelson@engelschultz.com  or 617-951-9980 ext. 205 or fax 617-951-0048.

This will be our 6th annual boat cruise. Earlier attendees have really enjoyed this great event. We hope you will join us July 8th!

AESS
AIAA Guidance & Control
Antennas and Propagation
Communications Society
Components, Pkg. & Mfg. Tech
Computational Intelligence
Computer Society
Consultants' Network
Control Systems Society
Critical Infrastructure
Education Society
Electromagnetic Compatibility
Electron Devices
Engr in Med and Bio
Entrepreneurs' Network
Gold Chapter
GRSS
I & M
Industrial Applications
Information Theory Society
Laser & Electro Optics
Life Members
Magnetics Society
Maine Comp & Elect Dev
Maine Section
Merrimack Valley
Microwave Theory & Technique
New Hampshire Section
North Shore Subsection
Nuclear & Plasma Sciences
Oceanic Engineering
Power Electronics
Power Engineering-Boston
Providence Section
Reliability Society
Robotics & Automation Society
Signal Processing
Social Implications of Tech
SW Quality Group of NE
Solid-State Circuits
Technology Management
UFFC
Worcester Section
Worcester PE

Copyright © 2008 IEEE Boston Section. All rights reserved.
Maintained by R M Stelting

Updated: May 08, 2008.