18 September 2014
Stories from the Road, why is raising capital so difficult?
According to the Michigan Venture Capital Association’s latest Annual report over the last five years we have seen 111% growth in the number of companies receiving Venture Capital and 137% growth in Angel backed companies. So why do companies that have great products and have even raised capital already struggle to raise funds in this growing environment? Join our panel of active company CEO’s as they discuss the real world stories of being on the road and trying to raise the funds to they need to grow to the next level.
Our distinguished panels of experts is:
Justin Adams, CEO of AlertWatch, is a recovering software developer who has been leading high-tech start-up firms since getting his MBA in 2009. AlertWatch, a UM spin-out is developing patient monitoring software. He has a knack at working with strong technical founders on converting their visions into marketable products. He previously spent time at EDF Ventures, providing back-office and due diligence support.
Jesse Vollmar, Co-Founder and CEO of Farm Logs, a cloud-based software company that provides farmers with tools to better manage and plan their farms’ operations from budgeting to data on soils, rain fall, grain pricing, etc., for improving a farm’s productivity and profitability. Prior to founding Farm Logs, Jesse started Aedis IT, LLC, an IT consulting firm which he grew to annual revenue of $350,000 and 5 employees.
Jason Townsend, Managing Director Resonant Venture Partners, has worked in the semiconductor and software industries since 1999, has been an active real estate investor since 2003 and was named to the Crain’s Detroit Business 2010 “40 Under 40” List. Prior to Resonant, Jason served as a managing director of the Wolverine Venture Fund’s student advisory board at the Ross School of Business. While at Ross, Jason founded Ikanos Power, a clean energy startup developing a fuel reformer that converts a wide variety of fossil fuels from a liquid state to a gas sate. Prior to Ross, Jason served as a product engineer at both ITT Automotive and Chrysler; and then moved on to Intel where he rose to the position of business development manage.
The moderator for the discussion is:
Steve Schwartz, Managing Member of Alfa Jango, a company acting as CTO and development team for software startups, is a serial entrepreneur. Steve is also co-founder of CarcodeSMS, a text messaging platform for car dealerships. Prior to Alfa Jango, he founded and built RateMyStudentRental.com and LeadNuke.com. Steve is the maintainer of jQuery UJS and jQuery Rails in Rails core and has built popular open-source software including Dynatable.js. Steve is a member of the Board of Directors of the New Enterprise Forum.