Tues. Oct 26th (Mark your calendars and RSVP!)
Two Angel Workshops on:
- Valuation of Early Stage Companies Updated Version from Angel Capital Educational Foundation
- Early Exits NEW, first time offered.
Tues. Oct. 26, 2010 from 8 a.m. to 5 p.m. (long day, but worth it)
@ Center for Innovation, 4200 James Ray Drive, Grand Forks, ND 58203
Next door hotel: Hilton Garden Inn 701-775-6000
Why attend the Angel Workshop?
We need good info to make better decisions, and good info comes from experienced experts.. As angel funds build their investment portfolios, how do we best accelerate growth and prepare for exits to secure the IRR/ROI? How can we do a better job of building a strong portfolio? Good ROI/IRR starts with good valuations. Bill Payne presents the best Angel Seminars nationwide, hands down. Join us and he returns to North Dakota for his 8th angel seminar since 2001.
What is the Cost to attend this Angel Capital Association Workshop? How do I sign up?
The registration fee for both workshops is $150, or $100 for just one, if signed up before October 21st. $200 for both or $125 for one, after October 21st. Registration is limited to 50 participants. Participants may register by calling Tiffany at the Center for Innovation at (701) 777-3132 or email to tiffany@innovators.net
Who Should Attend?
- Angel investors wanting to know more
- Entrepreneurs who are interested preparing for an exit
- Senior executives and professionals interested in learning more about angel investing.
More About the Angel Workshops
The Early Exits Workshop is a new, never offered before, and it is being tested on North Dakota angels. I requested a workshop on exits since many of our angel investments are 3-4 years along. That early exits seminar was in development, and Bill Payne is doing this roundtable as a special favor to his North Dakota friends. Exits are not well understood in private investing and entrepreneurship. Little has been written about exits as the traditional focus has been on starting, growing and financing ventures. This workshop is based on the research done by Dr. Basil Peters of Vancouver who just released a new book “Early Exits: Exit Strategies for Entrepreneurs and Angel Investors.” Attendees will receive a copy of his new book. Dr. Peters is the Fund Manager for Fundamental Technologies II - an angel investment fund (seed ventures). He also founded a venture capital firm and a hedge fund and has been a CEO in Vancouver and Silicon Valley. Basil is an active, early-stage, technology investor and writes a blog on best practices for entrepreneurs and angel investors at www.AngelBlog.net
For the Valuation of Early Stage Companies workshop, Bill Payne says on his blog on Sept. 24, 2010 “I spent my summer developing a new half- day workshop on the valuation of pre-revenue start-up companies for angel investors and entrepreneurs. It is now complete and will be delivered in Tucson, Grand Forks and Philadelphia in the next six weeks.” You get the new version first!!
Valuation of Early Stage Companies – focuses on the pre-money valuation of start-up companies and a portfolio strategy for Angel investing. The purpose of this workshop is to address the following questions (and more) about:
- What things should I consider when valuing a venture?
- What can I do to help make angel-entrepreneur negotiations less contentious?
- How can I address the typical disconnect that occurs between how and angel and an entrepreneur value a venture?
- What rules of thumb to angels use when crafting or measuring their portfolios?
- What insight into effective portfolio strategy can I gain by exploring data from actual angel portfolios?
Who is the Faculty for This Workshop?
This workshop is led by Bill Payne who is an engineer, entrepreneur, angel investor and educator. He started Solid State Dielectrics, Inc. (SSD), a capacitor dielectric materials company, in 1971 and sold the company to DuPont in 1982. Since founding SSD, Mr. Payne has accomplished the following:
- Invested as an angel in over 50 startup companies
- Over 120 man-years of service on private company and non-profit boards of directors
- Consulted in materials technology to the multilayer capacitor industry
- Served as an Entrepreneur-in-Residence to the Kauffman Foundation
- Served on six university advisory boards
- Taught over 80 workshops and seminars on angel investing in five countries.
- Assisted in the founding of four angel groups in the US
- Served on the founding committee of the Angel Capital Association (US)
Payne has been an active founder of four angel organizations:
- Aztec Venture Network – AVN was founded in 1999 as a member-managed pooled angel fund with 31 members in the San Diego area. AVN is fully invested at this time.
- Tech Coast Angels – TCA is a large network of 300 angels located in Southern California. TCA has five chapters located in the Santa Barbara, San Bernardino, Los Angeles, Anaheim and San Diego areas. TCA has invested in over 100 startup companies since 1997. Mr. Payne helped organized the San Diego chapter of TCA in 2000.
- Vegas Valley Angels – V V A is a network of 45 angel investors in Las Vegas who have invested over $10 million in 12 companies since 2003. Mr. Payne is a founding organizer.
- Frontier Angel Fund – Mr. Payne helped organize this pooled fund of 30 accredited investors in rural Montana in 2006. FAF has invested in seven new companies since inception and has several more in the pipeline
Mark your calendars and register ASAP!!
Sponsors
UND Center for Innovation
Angel Capital Educational Foundation
Economic Development Administration University Center program
Dakota Venture Group |
