Eminute

The Entrepreneurial Minute

Fostering Growth in Early Stage Companies

Are you trying to raise capital? Protect your IP? Build your Board? Develop a business plan? Launch a new product?

Now in its second year, The Entrepreneurial Minute, (eMinute) is an innovative program by the Boston Entrepreneurs’ Network designed to help early stage companies overcome the challenges of growing a successful business. The eMinute opportunity provides early stage companies with a forum to present their business challenge directly to angel investors, venture capital firms, service providers and potential partners in attendance at ENET's monthly networking meetings. eMinutes are also included in the following month’s eMinute “email blast", providing additional publicity to over 2000 members of our database.

How it Works. Each month, one or two entrepreneurs will be selected to give a 1-minute (250 words) overview of their concept and business challenge. The overview should include:

• name and location of business
• experience of entrepreneur and management team
• target market need
• product or service solution
• business challenge to providing solution
• the assistance your company is seeking (ex. capital, services, partners, etc.).

You do not need to be an ENET or IEEE member to benefit from eMinute!

Previous presenters have said this about their eMinute experiences:

"The Entrepreneurial Minute was, from a business development perspective, the most productive five minutes of my career!" Jay Johnson, CEO, Synersoft.

“The eMinute was a great opportunity to get our message out to a diverse audience, and I am grateful to the Boston ENET for making it possible!,” Ray Deck, President, Element55: Automatic Time Capture.

Entrepreneurs will be prescreened by ENET and deemed to have a legitimate need prior to presenting.

How to Apply: Please send your 250 word draft of your eMinute to both Janet Britcher at janet@transformationmanagement.com and Sherry Handel at sherryhandel@gmail.com. Include your: phone number and best time to call you back. Questions? Call Janet Britcher at 617-244-5757, or Sherry Handel at 508-453-9202. eMinute drafts need to be received by Janet Britcher and Sherry Handel by 5:00 pm on Thursday, the week prior to ENET's monthly meeting. However, earlier is better as the eMinute pitch slots tend to fill up quickly.

Previous eMinutes from June 2008

I am Eric Jackson, VP of Marketing for Lab Escape. Lab Escape sells next-generation visual analytics and decision support software that gives business users in large companies visibility and insight into operational data, helping them drive revenue and reduce costs in complex markets. We employ an unusual sales and marketing model for enterprise software that dramatically reduces our cost of sales and gives us a tremendous advantage over our competitors.

We have validated our products and business model by acquiring about 50 customers internationally and domestically with 12 Fortune 500 companies including EDS, Lehman Brothers and Advance Auto Parts. Our software is used for risk management, project portfolio analysis, network monitoring and retail analytics with one customer gaining a 4x increase in profit margin after deploying us to manage a portfolio of 2,500 projects. Last year we had 3x annual growth over 2006.

The Lab Escape management team have played key roles in multiple previous software start-ups. In particular, I served as VP of Products at Boston-based XOsoft, which had a very similar business model and successfully exited in 2006, when it was acquired by CA.

Lab Escape was founded in Asheville, NC, but is relocating to Boston over the next few months, primarily to gain access to this area’s strong talent pool in enterprise software sales and marketing.

We have grown over the past five years entirely on revenue, but are now actively seeking capital to take the business to the next level.

Eric Jackson, VP Marketing
Lab Escape, Inc.
800-921-3623 x706
eric.jackson@labescape.com