AEM1230-1014-ToPost - AEM1230 Principles of...

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AEM1230 Principles of Entrepreneurship and Business Wednesday 10/14 The business plan Definition Parts Do’s and don’t
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Hans Severiens – Band of Angels
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Hans Severiens – Band of Angels We've happily gotten kind of a brand image, Band the Angels- trademarked the name one of the things I have done, so nobody else can use it. We were the first what I would call organized angel group probably in the country. We have been imitated in a lot of places. A lot of them haven't done very well, fallen by the wayside, but as even right now National Association of Angel investors being created on the offers of the Kauffman foundation, and we have a meeting in Chicago at the end of this month. So, we developed a protocol. For doing this, we have a dinner where you have the first level of due diligence they placed. We followed the thing up with lunches for each company. At the dinner, the company makes an elevator pitch as we call these things. No more than 15 minutes, no more than three key selling points because nobody remembers beyond that, and we have done lunches where the investors that are really interested in investing they come to the lunch and then these can be two hour lunches, and the presenters are interrupted continually and that's how we like to do it. So, we have been doing this now for nine years. We've seven IPO's come out of this thing. Key Note, DigitalThink, Cepheid are the ones I remember off the top of my head. About 25 acquisitions that two or three times where we paid for it. About 35 that have gone away so to speak, and there is about another 70 that is still floating around
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AEM1230-1014-ToPost - AEM1230 Principles of...

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