21 September 2017
Term Sheets - Understanding What Your Investors Want
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.
This event gives the start-up the opportunity to practice presenting to investors and others interested in the Detroit Area entrepreneurial community. Each presentation will reflect NEF training on what is important to communicate and what not to do. 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.
Join us at this meeting to ask questions, keep pace with local entrepreneurs, and connect with people who support the local start-up community.
Daniel Young, Founder and CEO. Circadian Risk has dramatically improved the physical security risk analysis process so Security Consultants and their clients (organizations) can better understand their risk to an undesirable event at one of their properties, and do so on a daily basis, to actively reduce the probability and severity of those incidents.
Panel Discussion: Term Sheets - Understanding What Your Investors Want
In addition, we have a panel of experts who will guide you through understanding importance of taking the right steps 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.
When you raise a round of funding for your company, you will negotiate the terms of the investment with a lead investor. What is the process to close the deal? What are the investors looking for? What do you need to know about the types of terms? Whether you’re talking straight equity or convertible debt, our panel of experts has the answers.
We hope that this will be of greater interest and value to founders and it will be a dynamic discussion between entrepreneurs, investors and the audience. Join us to learn more.
Prem Bodagala, Director, Invest Michigan (MI Pre-Seed Fund 2.0)
Prem Bodagala leverages his experience in venture capital, investment banking, valuation and economic development to provide Invest Michigan and its clients a diversified skillset across the continuum of tech companies’ development. Prem leads the life sciences sourcing, diligence and portfolio management functions at Invest Michigan, an early stage investment fund, where he joined as Director in 2017 after successful tenures in venture capital, investment banking, valuation and economic development. In his most recent full-time role prior to Invest Michigan, Prem managed a portfolio of 20 startups & 3 venture funds. He also created and co-authored the Michigan Economic Development Corporation’s first internal valuation summary for its $140 MM equity and loan portfolio. Before the MEDC, Prem sourced investment opportunities, triaged deal flow and researched market intelligence while working as an Associate for a $15 MM life sciences focused early-stage venture capital fund. He led the diligence team in performing deep market, financial and organizational analysis on 15+ deals, resulting in the fund investing $9.75 MM along with 31 co-investors in 7 portfolio companies for a total equity raise of $160 MM. Prem launched his career in finance as an associate at an investment banking firm serving the middle market, where he led the analysis, research and project management functions across the buy-side, sell-side, valuation and capital raise practice for the firm’s healthcare, furniture, automotive, defense, nutraceutical, oil & gas and facilities management clients resulting in transactions totaling over $100 MM.
Mike Flanagan, Director of Capital Programs, Ann Arbor SPARK
Mike Flanagan is Director of Capital Programs at Ann Arbor SPARK, which includes the Michigan Angel Fund, Michigan Pre-Seed Fund, and Microloan programs, all designed to help early stage technology companies and entrepreneurs get the capital they need to grow and succeed. Prior to joining SPARK, Mike was Director of Equity Programs at the Michigan Economic Development Corporation (MEDC) responsible for the state’s venture capital, private equity, and mezzanine program investments through the 21st Century Investment Fund, Venture Michigan Funds, and Venture Development Fund. Prior to that, Mike held several other positions at MEDC including Director of Capital Markets, where he was instrumental in the design and management of multiple development finance programs across the capital continuum, including the Collateral Support, Loan Participation, Venture Development, Small Business Investment Tax Credit, and Small Business Mezzanine Fund. Mike also helped lead the application and fund raising process to secure $80 million for Michigan businesses through US Treasury’s State Small Business Credit Initiative (SSBCI), an evergreen fund that now supports many of the state’s development finance programs. Prior to joining the MEDC, Mike held several commercial banking roles at JP Morgan Chase Bank and Morgan Stanley for 10 years. Mike holds a BA and MPP/MPA from the University of Michigan and holds certifications from the Venture Capital Institute and Michigan Bankers Association. He is also a frequent speaker and panelist at economic development and industry events in Michigan and nationally.
Stewart V. (Stew) Nelson, CEO, 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.
Bill Mayer, Vice President, Entrepreneurial Services
Bill Mayer has founded and exited multiple start-ups in the technology and finance sectors. His areas of expertise are in finance, securities and quantitative analysis. He has founded and worked with numerous businesses covering a broad range of industry sectors, ranging from start-up ventures through Fortune 500 companies. Client engagements have covered a broad range of services including market strategy, portfolio structure, and the IPO process. Bill has managed over $125 million in client assets.
Areas of specialty are financial modeling, pricing strategies, the process of private and public equity securitization, management of business assets, and fundraising. He has extensive experience in creating financial models, business valuations, and capitalization tables, as well as navigating advanced business tax issues and the complex issues surrounding securitization. This allows Bill to effectively position clients from an investor’s viewpoint in order to maximize a venture’s ability to receive funding.
Bill has held multiple securities broker licenses for over ten years. This positions him to facilitate the placement of capital directly. Bill holds a Bachelors of Business Administration from the University of Michigan.
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.