Past Events

20 April 2017

Financials: Tying Your Financials to Your Story

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

Showcase Presentation

We showcase an outstanding team of entrepreneurs who are looking to raise capital for their venture. They have gone through an extensive coaching from our experienced coaches and these founders are eager to present their venture to the entrepreneurial community at this event. They would greatly appreciate your feedback, insights and encouragement. You will also learn a few tips and techniques in sharpening your own pitch for your venture.

CLINGFISH

Tasneen Bowe, CEO & Co-Founder

A patented vacuum accessory mount that allows use on aluminum-bodied vehicles without damaging the roof or any interior or external elements.

PANEL DISCUSSION: Tying Your Financials to Your Story

In addition, we have a panel of experts who will guide you through understanding importance of financials in presenting your venture to investors. There are certain things investors are looking for in the financials presented by entrepreneurs in their executive summary or initial investor pitch when they are seeking funding. Although no forecast can be counted on with certainty, investors look for a reasonable business model, expectations of sales growth and cash flow, P&L forecasts, and valid assumptions behind any plan. They also look for red flags: sure signs that the numbers are not to be trusted and that the founding team might need too much help. In this month's forum, we want to focus on what founders can do to use Financials to emphasize their story (Plans behind the Financials) - what they want investors to know to reinforce the Investor Thesis.  We are including some founders on our panel to tell us what worked and didn't work from the founder perspective.  We hope that this will be of greater interest and value to founders and it will be a dynamic discussion between investors, founders and the audience. 

PANEL:

Jen Baird, CEO of Accio Energy

As a CEO of Accio Energy, Jen brings her track record of successfully commercializing transformational technologies to develop Accio’s revolutionary EHD wind energy systems. From 2005 to 2010, Jen was President and CEO of Accuri Cytometers, a rapidly growing company developing and marketing breakthrough life science products for research and clinical use. Jen co-founded Accuri and led the company from inception through development and commercialization. She raised over $30 million in venture equity and debt funding and achieved more than $10 million in sales, a global reach and near-profitability in just five years time. In 2011, Accuri was successfully sold to Becton Dickinson for $205 million, generating 5-6x returns for investors. Previously, Ms. Baird was a key member of the senior management team at Integrated Sensing Systems, Inc., a technology development firm focused on using micro-electromechanical systems for medical and scientific sensing applications. Earlier in her career, as a Vice President at Keane Consulting Group, she managed over $10 million in projects and helped the firm quintuple in size to over 150 staff.
Jen began her career in commercial banking. She received her MBA from the Kellogg Graduate School of Management, where she shared Top-of-Class honors, and a BA degree from the University of Michigan.

Christine Gibbons, Co-Founder/Chief Operating Officer of HistoSonics, Inc.

Chris has over thirty years of financial management, fundraising and operating experience and for the past twenty years has been deeply involved with early-stage emerging technology companies, both as an investor and part of entrepreneurial management teams.  Together with other founders, she has raised over $80 million in start-up capital to launch and support fourteen new ventures.

Chris is currently Co-Founder/Chief Operating Officer of HistoSonics, Inc., a medical device company developing a non-invasive, image-guided, highly precise tissue ablation technology for cost effective treatments of significant cancers and diseases. She has served the company in various roles including president, chief operating officer and interim chief executive officer.  Prior to HistoSonics, she held various leadership roles in entrepreneurial ventures including Executive in Residence (EIR) for Venture Investors, LLC, chief financial officer for Sensicore, a company with lab-on-a-chip sensor products (acquired by a division of GE), VP of Finance for Ardesta, an investor in “small-tech” opportunities and Partner and CFO of Seaflower Ventures, a venture capital firm focused on early-stage biomedical opportunities.  Her Board and other advisory roles:include: ONL Therapeutics board member, Apjohn Ventures Fund LP advisor, University of Michigan (UM) Venture Center Council member, Michigan State University Center for Venture Capital, Private Equity and Entrepreneurial Finance advisor and UM Coulter Program Technical Oversight Committee (past member, 2008 – 2016).

Chris serves as a guest lecturer at Michigan State University’s Business School.  She holds an MBA from Wayne State University and a BA from Michigan State University.

Dan Rhodes, PhD, CEO, Strata Oncology and Adjunct Assistant Professor, Department of Pathology, University of Michigan

Dan Rhodes is a scientist and entrepreneur focused on precision medicine in oncology.
He is currently co-founder and CEO of Strata Oncology, a venture-backed company leveraging its state-of-the-art cancer genome sequencing laboratory to accelerate precision medicine clinical trials.  From 2012-2015, Dan was Vice President of Oncology for Thermo Fisher Scientific (Life Technologies) where he oversaw the development of cancer sequencing products and pharma companion diagnostic partnerships. From 2006-2012, Dan was co-founder and CEO of Compendia Bioscience, a University of Michigan spin-off formed to further develop and commercialize his thesis project, Oncomine™, a cancer genome data-mining platform. Over six years, Compendia grew to 20+ pharma customers, 10,000+ users and nearly $10M in annual revenue, culminating in the acquisition by Life Technologies in 2012. Dan has co-authored 40+ publications and is a co-inventor on 10 patents, including the discovery of gene fusions as a genetic cause of prostate cancer. He received the Weintraub Award, the AACR Team Science Award and was recognized by Crain’s Detroit as a Mergers and Acquisitions Deal of the Year Finalist. Dan serves on the oversight committee for the Michigan Translational Research and Commercialization (MTRAC) Program and on the Advisory Boards for eLab Ventures and the Monroe-Brown Biomedical Seed Fund. Dan received both a Bachelor of Science in Molecular Biology and a Doctorate in Bioinformatics from The University of Michigan.

MODERATOR:

Stewart V. (Stew) Nelson, CEO of Mayasil, LLC.

If you are active in the entrepreneurial ecosystem in SE Michigan, it is likely that you have met Stew Nelson. Stew is the past President of the New Enterprise Forum. Stew is a serial entrepreneur with Founder’s title in Mayasil, LLC, GAPro Systems, Adrelenventis, LLC, Solidspeed Networks and Geostrip Systems just to mention a few.  As an active angel investor, he has ownership equity positions in Blaze Medical Devices, Sentinl, SurClean, Catalyst, Family Mint, among others.  Stew is a retired pilot with over 30 years of military and commercial experience and more recently as a commercial insurance professional with Kapnick Insurance Group.  Not satisfied with retirement three times now, Stew is currently serving as CEO of Mayasil, LLC.  Stew is a proud graduate of the University of Michigan, BA, 69 and Eastern Michigan University, MBA 92.

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Showcase Presenter: 

16 March 2017

NEF Pitch Pit

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

Four entrepreneurs will each give a four-minute pitch of their business idea to a panel of investor judges in a “Shark Tank” format. Prototypes and visual aids are encouraged but no Power Point presentations. After each pitch, the judges will give detailed feedback and score the business. At the end of the evening, the person with the highest score will receive a $100 cash prize plus all additional prize money provided by the audience.

The four entrepreneurs, selected from a large pool of applicants are:

  • Mark Couling, Head, Business Development, Deeptalk. Deeptalk develops voice & text bots that provide a reliable, pleasant, and sustained automatic conversational experience surpassing human assistance, centered around consumer facing businesses. Deeptalk is an AI company that is revolutionizing how people interact with machines using deep conversational understanding.
  • Norman Kutemperor, Scientel IT Corporation. Gensonix NoSQL Database - New Data Base Systems to solve Todays Big Data Problems.
  • Felicia Maxwell, Fit4Life Health and Fitness LLC. Health, nutrition, and physical fitness classes, services, and solutions for all age groups and backgrounds.
  • Charles Richison, Creative Technology. LeafEasy - an innovative tool for collecting leaves easily.

Pitch Pit Judges:

A panel of three esteemed judges will provide feedback and score the teams.

Francis Criqui, President, Annual Collaboration for Entrepreneurship (ACE) and Managing Partner, Technology Highway, L3C. 

Francis “Tex” Criqui, former Director of the LTU Collaboratory at Lawrence Tech, is now President of the Annual Collaboration for Entrepreneurship (ACE) and Managing Partner in Technology Highway, L3C.  Technology Highway designs unique, comprehensive, process driven solutions to entrepreneurial challenges. Mr Criqui has served as a mentor, judge, and advisor for numerous competition in SE Michigan over the past 5 years.  He is also an instructor for a customer discovery program based upon the NSF I-Corps.

Sheu-Jane Gallagher, S'Jane Group

As the principal of the S’Jane Group, Sheu-Jane Gallagher consults for startups and entrepreneurial service organizations, advising on commercialization strategies, portfolio management, and investment due diligence. She has held various positions in the automotive industry with Ford Motor Co. and Decoma International, and taught mechanical engineering at Wayne State University. Sheu-Jane holds a PhD in mechanical engineering from Rutgers University with a special expertise in biomedical engineering.

 

Gary Hessenaur, President and owner of Hessenaur & Associate, C.P.A., P.C..
The firm provides a full range of accounting, tax, consulting and part time CFO services. The firm focuses on small to mid-size businesses with a specialty in start ups and technology businesses. Start up business clients have been funded through owner funds, grants, angel and VC investors. He is very well networked in the startup and financing community. Gary is a coaches several startup programs including SPARK and NEF. He has been on the NEF board since 1993, past president and program committee chair.

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Showcase Presenter: 

16 February 2017

NEF Celebrates 31 Years

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

The February 2017 meeting is our 31st birthday party, where we celebrate the entrepreneurial spirit. Join in on the fun as we celebrate entrepreneurialism by awarding the 2016 NEF Entrepreneur of the Year Award. Guess which 2016 NEF Showcase Presenters will take home pitch awards for Best Presentation, Best Technology and Best Business Plan. Be a part of coaching, perfecting and connecting at NEF where entrepreneurs rule!

SHOWCASE PRESENTER

AkkeNeel Talsma - Melius CEO & FounderMelius Outcomes™ is a cloud-based software/services solution for hospital clinicians to reduce costs and improve patient outcomes.  Using a hospital’s existing electronic health records (EHR) system, Melius identifies point-of-care quality issues and then provides evidence-based recommendations and training videos to correct them. www.meliusoutcomes.com

2016 NEF Entrepreneur of the Year – Sean Ainsworth, CEO and Founder, RetroSense

Sean Ainsworth has twenty years of experience in pharmaceuticals and biotechnology. He has had deep involvement in the launch of two earlier startup companies, Compendia Bioscience, Inc. and GeneVivo, LLC where he assisted in developing business models, licensing technologies, building management teams, securing capital and first customers. Compendia BioScience was acquired by Life Technologies in October, 2012. His experience also includes research at Medical Biology Institute (now Avanir Pharmaceuticals developers of Abreva, the leading cold sore medication) in San Diego, intellectual property at Koyama and Associates in Tokyo, international corporate development consulting at The Mattson Jack Group in St. Louis, MO. In 2004 Mr. Ainsworth launched Ainsworth BioConsulting to provide licensing, strategic planning, and business planning services to the life science and entrepreneurial community. Mr. Ainsworth’s clients included large pharma, small biotechs, universities, CROs, and venture investment funds. He has worked with clients at all stages of development. Mr. Ainsworth holds a BS in Microbiology from University of California, San Diego and an MBA in strategy and finance from Washington University in St. Louis.

2016 NEF Showcase Presenter Awards

Here are the contenders for the 2016 Showcase presenter awards. They worked hard. They all deserve congratulations on their presentations, but only three will be taking home an award for their outstanding efforts.

  • AOE Medical, Arianna Carley, CEO
  • Axon Spark/Odeum Learning, Ian Natzmer, CEO
  • Alchemie, Julia Winter, CEO
  • LegalEase, Tariq Hafeez, CEO
  • TrueJob, Scott Goci, CEO
  • Brightable, David Vanker, CEO
  • PlanetXLaw, Bert Tiger Whitehead IV, CEO
  • Parabricks, Mehrzad Samadi, CEO
  • Ripple Science, Nestor Lopez-Duran, CEO

The winners’ names remain secret until show time, even they do not know which award they have won.

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Showcase Presenter: 

26 January 2017

17th Annual Collaboration for Entrepreneurship (ACE'17)

ForumLocation: 

Westin Hotel, Southfield, Michigan

ACE '17 is the place where Great Lakes region entrepreneurs gather to network, learn and connect. Each year at ACE, you engage with an exciting, forward-thinking community of innovators, entrepreneurs and business leaders – people – like you who have the vision and drive to build new ventures for a new future. Each year’s ACE event, along with the year-long activities of its supporting organizations, is helping to make the Great Lakes region a better place to start and grow a business. Join the crowd of attendees as they take advantage of learning and networking opportunities with fellow entrepreneurs, funding sources and entrepreneurial resources at  ACE’17.

See www.ace-event.org for more information.

NEF participation at ACE'17

As one of the founding partners of ACE, NEF has a strong interest in the success of this event. At ACE'17,  NEF will be sponsoring a pitch-pit workshop.

Four entrepreneurs will each give a four-minute pitch of their business idea to a panel of investor judges in a “Shark Tank” format. Prototypes and visual aids are encouraged but, no PowerPoint. After each pitch, the judges will give detailed feedback and each judge will score the business. At the end, the person with the highest score will receive a special ACE'17 cash prize of over $200.

 

15 December 2016

Holiday Break 2016

ForumLocation: 

ACE'17 - Jan 26th, 2017

To allow everyone to unwind and relax, we will be taking a break from our normal Forum schedule for December. However, that does not mean we are taking a break from NEF coaching or participating in other entrepreneurial events around the area.

The next NEF gathering will be at ACE 2017 when NEF will participate with our famous Pitch Pit. Save the date for ACE 2016 on January 26 at the Southfield Westin Hotel from 12:30 – 6:30 pm. For more details, see www.ace-event.org.

Our next Forum event will be our annual awards meeting. Mark your calendars for February 16, 2016. We be will be celebrating past NEF Showcase presenters, awarding entrepreneurs, reminiscing, and having fun. Whether you are a past NEF supporter, a current supporter or are interested in entrepreneurialism, come on by and join in the festivities.

17 November 2016

Technology Trends in Healthcare IT

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

Innovators, entrepreneurs, and investors are always in search of the "next-big-thing." Hear from our November panel about some of the disruptive technologies presently in the pipeline in Healthcare IT and learn from them what is fundable and what is not.

Healthcare IT continues to transform at an amazingly rapid pace. Healthcare providers have spent the past few years adopting electronic medical record (EMR) solutions, as mandated by federal regulations; and are now faced with the challenge of dealing with Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). As with other recent changes, MACRA changes the focus from quantity of care to quality of outcomes, an approach that necessarily requires technology solutions. Because of the breadth of its reach, Healthcare IT presents a huge opportunity for startups, but the field is not without its challenges. Those venturing into this space need to understand fully the technical challenges, to show how their solution directly addresses quality of care, to rise above the noise to demonstrate uniqueness, and to be able to withstand the long, arduous sales cycle. Join our panel of experts who are uniquely qualified to speak to these matters.

Panel:

Justin Adams, CEO, AlertWatch

Justin Adams is the CEO of AlertWatch, a UM spin-out that develops patient monitoring software focused on reducing medical errors. He has a knack at working with strong technical founders on converting their visions into marketable products. Justin is a recovering software developer who has been leading high-tech start-up firms since getting his MBA from Ross in 2009. He previously spent time at EDF Ventures, providing back-office and due diligence support.

Helen L. Hill, FHIMSS, Principal, The Kiran Consortium Group, LLC

Helen is a nationally recognized expert in healthcare information technology (HIT) and management, health information exchange (HIE), identity assurance and healthcare public policy. Ms. Hill has successfully led health system wide and enterprise wide I T selection projects, contract negotiations as well as business process redesign / implementation projects. In addition, she has formed non-profit organizations and has led innovative software development initiatives for major integrated healthcare delivery networks, community and state-level consortia. She has successfully founded and led several non-profit organizations for HIE/HIT at the local and state level in Michigan and participates actively in national / international standards and identity assurance initiatives.  She has been instrumental in bringing more than $35 million in state and federal contracts, grants and cooperative agreements to Michigan.  Ms. Hill actively serves on major boards and committees for HIT/HIE and quality initiatives at the state and national level. Finally, Ms. Hill has an extensive record of publications, white papers and executive presentations for local, regional, state and national healthcare IT conferences and webinars.  She has received national awards for her service to the healthcare industry.

Lucy Mancini Newell, MBA, FHIMSS, Managing Partner, The Kiran Consortium Group LLC

Lucy is an Information Technology and management professional with experience in clinical operations, healthcare application vendors from start-up stage to mature firms, systems integrators and strategic management consulting.  Her experience includes work in complex environments as well as project turnarounds. She was previously a Practice Leader of Information Technology Strategic Planning and System Selections, mentoring colleagues, working in collaborative and high impact teams, and actively contributing to an employer-based Thought Leadership Group and professional societies such as the Healthcare Information Management and Systems Society (HIMSS) and Healthcare Financial Management Association (HFMA).  She contributes to publications and industry presentations  on timely topics.  Ms. Mancini Newell has authored an electronic course on Strategic Planning, past Chair of the Personal Health Records (PHRs) Committee (2008-2009), past Co-Chair, Programs (GCC HIMSS 2012-2013), Chair of the Midwest Fall Technology Conference (2013-20145), and Executive Board member for Cures Within Reach (2015). Finally, she is a mentor and instructor in sales and marketing for the Canadian Healthcare Accelerator for Healthcare in Philadelphia.

Tom Stewart, Professional Manager and Business Coach

Tom Stewart is a professional manager and business coach, with primary expertise in organizational design and operational strategy. Over the last decade, he has provided consultation to over 50 organizations in a wide range of industries – the majority of which were new or small companies. Tom has also worked on transition teams for larger organizations such as Neogen Corporation, Demmer Corporation, the State of Michigan, and Michigan State University.Tom currently manages portfolio and community relations at Quantum Medical Concepts, a pre-seed fund for medical startups. He also operates The Center for New Enterprise Opportunity (NEO Center), a small business incubator in Lansing. He was the winner of the Lansing Regional Chamber’s 10 Over the Next Ten award in 2010, was named MLive’s “Ones to Watch in 2013,” and received the Young Alumni of the Year Award from Michigan State University in October 2015.Tom has been active in several community organizations and currently serves on the Board of Directors for the Lansing Regional Chamber of Commerce and the Capital Area United Way.

Moderator:

David J Morin, Serial Entrepreneur and Health Care Technology Executive

Dave Morin is a serial entrepreneur and health care technology executive.  Currently, he is a Co-Founder of Impellia, a national firm focused on injury prevention, rehabilitation and athletic performance for professional and collegiate sports, healthcare organizations and amateur athletes, and Mountain Pass Solutions, a provider of faculty management software for academic medical centers and hospitals. He is also the Director of the Department of Family Medicine Technology Acceleration Program at The University of Colorado-Denver.  Prior to Impellia, Dave was the Co-Founder and CEO of Cielo MedSolutions LLC, an Ann Arbor, MI-based health care technology organization that was acquired by The Advisory Board Company.  Dave is an Advisor to the Automation Alley Technology Investment Committee, Tappan Hill Ventures and the Coulter Translational Research Partners Program at The University of Pittsburgh.  He serves as a Board Member at AlertWatch, an Ann Arbor-based digital health firm. Dave is a frequent speaker, both nationally and internationally, on entrepreneurship and on the use of technology in healthcare.

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Showcase Presenter: 

20 October 2016

NEF Pitch Pit - Fall Colors

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

Three entrepreneurs will each give a four-minute pitch of their business idea to a panel of investor judges in a “Shark Tank” format. After each pitch, the judges will give detailed feedback and score the business. At the end of the evening, the person with the highest score will receive a $100 cash prize plus all additional prize money provided by the audience.

The three entrepreneurs, selected from a large pool of applicants are:

  • Richard Doerer, Owow- Horror/Halloween based products for adults (18-44) and kids (8-5) that are for entertainment and STEM based learning through making stuff
  • Sean Carrol, Enbiologics- Advancing more intuitive and innovative veterinary wound care
  • Elliott Brannon, SmallWorld - Strengthens communities by facilitating high-quality connections between community members

Pitch Pit Judges:

Romy Kochan, Managing Partner, Gingras Global
As founder, Managing Partner and lead administrator for Gingras Global. Romy is primarily responsible for the strategic growth and oversight of the company, which is a third party administrator for impact capital programs, funds, and investors. She founded and hosts a podcast, “Bonfires of Social Enterprise”, and serves on the boards of a variety of philanthropic and impact investing organizations.

Romy earned her Bachelor’s Degree in Accounting and Finance from Northern Michigan University, her Certified Financial Planner designation from College of Financial Planning, and a Chartered Life Underwriter designation from American College.

Robb Lippitt, Partner, Secret Sauce Capital
As Partner at Secret Sauce Capital, Robb is committed to empowering, growing, and helping Entrepreneurs achieve their visions through deployment of the firm's strategic, operational, and capital resources. Previously, he served as CEO of Revolution Dancewear. As COO/General Counsel of ePrize, he oversaw the company’s growth from 17 to 325 employees, opened offices in New York, Chicago, Dallas, LosAngeles and London, and oversaw the growth of the company’s European subsidiary. Robb also co-founded Scrapbuck, LLC in 2008.

Robb earned his Bachelor of Arts in History from the University of Michigan, and his JD from Wayne State University Law School.

Paul Nucci, Eastern Michigan University, Center for Advancing Social Enterprise
The Eastern Michigan University Center for Advancing Social Enterprise’s mission is to be a catalyst for Michigan's social entrepreneurship ecosystem, including social enterprises, the firms that fund them, the researchers that examine them, and the agencies that regulate them. Paul works to engage faculty with clients for consultative opportunities and to facilitate consulting projects. Paul also manages the organization’s communications, online and social media presence, and media relations.

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Showcase Presenter: 

15 September 2016

Raising Money: The Deal

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

Have you ever wondered what the right steps are to raise startup capital? Our experienced panel will 'tell all' the in's and out's of the deal process in the don't miss panel discussion. 

Panel:

Dan Kidle, is a Senior Associate for Arboretum Ventures where he is an Analyst. Dan’s efforts are focused on reviewing new investment opportunities and providing support to Arboretum's portfolio companies. He has undertaken significant due diligence responsibilities to support more than a dozen of Arboretum’s new and follow-on investments, including NeuMoDx, IntelliCyt, Rethink, Cardiac Dimensions, Strata Oncology, and SIBone. Dan’s portfolio company involvement has included serving on the board of directors for life science tools company IntelliCyt, until its $90 million acquisition by Sartorius in 2016. Dan is currently a board observer for NeuMoDx and Strata Oncology. Outside of Arboretum, Dan serves on the Oversight Committee for Wayne State University’s M-TRAC program and on the Investment Advisory Board for the Monroe-Brown Biomedical Seed Fund at the University of Michigan. Prior to joining Arboretum, Dan was a Financial Analyst at Eli Lilly & Company, supporting the company’s U.S. sales and marketing operations. Dan earned his BBA and MBA from the Ross School of Business at the University of Michigan

Josh Beebe, is a Director at MK Capital, a venture capital firm headquartered in Chicago with more than $250 million in capital under management.  Josh operates out of MK’s Ann Arbor office and leads the firm's supply chain and industrial technology investment practice, as well as certain portfolio investments in the broader enterprise software category. Prior to joining MK Capital, Josh served as a Partner with Arbor Partners, an Ann Arbor based venture capital firm focused on early-stage enterprise software opportunities. He also has prior experience managing mergers and acquisitions transactions in the healthcare services industry, and also previously worked as an equity analyst covering various companies operating in the technology, manufacturing and energy sectors.  Josh currently sits on the board of directors of LLamasoft, Junction Solutions, CMS Technologies, and Bulbs.com.  Josh also presently serves on the board of directors of the Michigan Venture Capital Association and is the chairman of the organization’s Research Committee.  He holds a Bachelor’s degree in Business Administration from Hillsdale College and a Master of Business Administration degree from the University of Michigan.

Reda Jaber is a Partner at IncWell, an early-stage venture capital fund based in Birmingham, MI. He participates in the company’s advisory services and leads all medical sector investment activities for the fund, which with more than 40 investments in the last three years has been one of the most active seed funds in the Midwest. Reda joined IncWell in 2014 after he earned dual MD / MBA degrees at the University of Michigan Medical School and the Ross School of Business. Prior to joining IncWell, he gained investment experience as an analyst at the $100M private equity fund, Stage 2 Innovations. Business-minded with an entrepreneurial spirit, he has also co-founded several startups. Reda was selected as a Venture Fellow by the Michigan Venture Capital Association and a Davidson Digital Health Fellow by the Henry Ford Innovation Institute. In 2015 he was named to Crain's Detroit Business 20 in their 20's list, and in 2016 he was named a Forbes 30 Under 30 in Healthcare. Reda was featured on the cover of the February 2016 edition of Forbes Middle East Magazine.  

Moderator:

Skip Simms is Senior Vice President of Ann Arbor SPARK, where he focuses on preparing start-ups for equity fund raising.  Skip has been successful in raising over $25 million in grants through the states 21st Century Jobs Fund program for the Michigan Pre-Seed Capital Fund.  This program provides very early stage start-ups with small loans, and provides a matching investment of up to $250,000.  He is the Managing Member of the for-profit Michigan Angel Fund which invests in Michigan based technology companies. The Michigan Angel Fund is the state’s largest angel network with 73 high net worth members who help grow and diversify the state’s economy. Prior to his role at Ann Arbor SPARK, Skip was the Managing General Partner at the Ralph Wilson Equity Fund, which is a $31 million fund-of-funds with LP investments in several venture capital funds.  He performed due diligence and analyzed nearly 100 opportunities, made investment recommendations, participated at board meetings and served on advisory committees.  Skip served for 29 years in management positions at several television stations around the country. Skip participates on both profit and non-profit boards, and was a founding member of the Michigan Venture Capital Association.  

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Registration

This is a FREE event. Registration is not required, but recommended for planning purposes. Also, it helps us keep your name tags ready for you.

Showcase Presenter: 

18 August 2016

Summer Break

Our next Forum event will be 15 September 2016 as we will be taking a break from our normal Forum schedule for August. However, that does not mean we are taking a break from NEF coaching or participating in other entrepreneurial events around the area.

We are extending to you, our NEF Supporters, a huge thank you and hope to see you again at the September Forum meeting. Details will be posted after returning from our brief respite.

28 July 2016

Summer Fun - Pitch Pit

ForumLocation: 

Ann Arbor SPARK Central, 330 E. Liberty St, Lower Level, Ann Arbor

Three entrepreneurs will each give a four-minute pitch of their business idea to a panel of investor judges in a “Shark Tank” format. After each pitch, the judges will give detailed feedback and score the business. At the end of the evening, the person with the highest score will receive a $100 cash prize plus all additional prize money provided by the audience.

The three entrepreneurs, selected from a large pool of applicants are:

  • Kid Stuf - revolves around one simple idea; make great toys that promote cognitive thinking and inspire creativity.
  • Parisa Soraya of Ditto is a mobile platform that connects individuals living with the same chronic illness locally for on-demand, in-person support.
  • Janet Wolforth, Save Niche Products, where the ICevac system makes anesthetizing animals safer for people and less stressful for the animal.

Pitch Pit Judges:

Angela Barbash,Principal at Revalue and Founder of Reconsider. Angela is the founder of two local-social-impact companies: Reconsider, a social impact economy hub in the Great Lakes region specializing in community capital, social entrepreneurship, and information on the growing local investing movement by providing research, community facilitation services, cross-pollination opportunities, and education through speaking engagements and collaborative events. Revalue: a registered investment advisory firm exclusively serving impact and local investors.

Gerry Roston, CEO of Civionics, Inc. providing asset managers a comprehensive wireless monitoring solution that reliably tracks the performance and predicts the future health of advanced engineered systems operating in demanding environments. He is also an Executive in Residence for TechTown Detroit where he identifies technology opportunities, provides business assistance to startups and co-facilitates the annual DTX Launch Detroit accelerator program. Gerry is an experienced small-business executive who has led companies and multi-million dollar projects. He has successfully managed start-up businesses and teams within publicly-traded companies; pursued investment opportunities; and brought new products to the market. Gerry's experience ranges from the development of microscopic biological sensors to the redesign of diesel-electric locomotives.

Brenda Jones has held executive leadership positions with technology-based organizations in Ann Arbor including Arbortext, MyBuys, NSF International and the Medical Innovation Center at the University of Michigan. She currently serves as a coach for the New Enterprise Forum. Brenda received her Bachelors Degree from Yale, and her MBA from the University of Michigan. She has volunteered in Kenya, Colombia and Thailand.

Agenda:

Mark your calendar. The meeting opens at 5:00 pm with networking and appetizers. Around 5:45 pm, the program portion of the meeting begins with an introduction from our President including upcoming entrepreneurial events and past NEF Showcase Presenter news. The program continues with our featured Showcase Presenter(s) who are graduates of the NEF coaching process. Depending on the month or otherwise noted, the program includes the engaging NEF Pitch Pit or intriguing topic and panel. The program typically finishes at 7:15 pm with more networking afterwards. Please feel welcome to join us.

Showcase Presenter: 

Pages