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, 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, 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.
Moderator:
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
IEEE
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.
We
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.
If
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.
For
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!
|