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Monthly Meeting
Tuesday, October 3, 2000

Where Is The Money & Successful Business Plans
Meeting Sponsors Back to Calendar Directions to the meeting
To be funded, start-up companies must respond to what is important to these investors and to know what deals are now being done, what's hot and why, which industries, technologies, etc. Our panelists of angels, venture capitalists, and venture development organizations are key sources of capital for start-up companies. The panel will provide insight about investor perspectives, talk about due diligence, what it means to take the "lead" in a deal, what that means to attracting larger funding, and on the requirements for preparing winning business plans.

Adding to our panel is our meeting sponsor, Navigator Technology Ventures; a newly formed venture development and technology commercialization company and Firesprout Inc., a CommonAngels invested company.
 
Panel:
James Geshwiler,
Managing Director, CommonAngels
Simon Dao,
CEO, FireSpout (a CommonAngels invested company)
Robert J. Crowley,
Executive Vice President and Chief Investment Officer, MTDC
Frank Pinto,
Boston Millennia Partners
 
Moderator:

Larry Grumer,
President & Managing Director, Technology Associates & Alliances
 
Sponsor:

Navigator Technology Ventures, LLC
Speakers' Profiles:
James Geshwiler, oversees Common Angels' deal flow, due diligence and investment process. He manages the group's strategic direction and works closely with follow-on investors. He holds a BA from the University of Texas at Austin, an MA in political science from UCLA, and MBA from MIT's Sloan School of Management.

CommonAngels is a group of 50 of the city's leading private investors. Members have founded, co-founded or run high-tech companies and work closely with early stage software, information technology and Internet companies in the Northeast to build successful businesses. Founded in 1998, CommonAngels has funded 14 new companies with over $22 million from both members and partner organizations. Typical equity infusions range from $500K-$2MM.
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Robert J. Crowley has been associated with MTDC since its inception in 1978 and is one of the most experienced venture capital investors in early-stage technology companies in the region. He is a Board Member and former Chairman of the MIT Enterprise Forum, Director and former Chairman of the Smaller Business Association of New England (SBANE) and currently serves as President of their Education Center. He earned a B.A. from Fairfield University and an M.B.A. from Boston College.

MTDC, Massachusetts Technology Development Corporation is the leading edge venture capital firm that addresses the "capital gap" for start-up and expansion of early-stage technology companies operating in Massachusetts. MTDC's initial equity funding are typically in the $250,000 to $500,000 range. Their cumulative investments from 1980 were $42.7 million in 99 companies included; Computer Software, Telecommunications, Internet, Computer Equipment, Biomedical, Industrial Automation, and Material Sciences.
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Frank Pinto of Boston Millennia Partners focuses on the business services, systems integration, and training industries. He currently serves on the boards of Inventa Corporation, Knowledge Impact, InfoImage and Quality Packaging Services. Frank is a graduate of Middlebury College and holds an MBA from the Amos Tuck School at Dartmouth College.

Boston Millennia Partners provides private equity financing to high growth companies in the telecommunications, information technology, healthcare and life sciences industries. They seek to invest up to $15 million in any single portfolio company and typically serve as the lead investor, with first round investments ranging from $3 million to $7 million. They invest in early stage companies throughout the United States where the risks associated with technology development and market development have been adequately addressed, typically in companies with on-going revenues from an existing product or service.
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Moderator:
Lawrence C. Grumer,President & Managing Director of Technology Associates & Alliances (TAA) and Chairman of the IEEE Entrepreneurs' Network. Mr. Grumer founded TAA in 1994 after a number of years with Arthur D. Little, Inc., to work with technology-based organizations to expand the commercialization potential of their technology research and product concepts along licensing, partnership and take-to-market pathways. With client companies, TAA; researches emerging markets and competition; sets business and positioning strategies; prepares for private equity, corporate and government funding; and implements growth objectives. Mr. Grumer's career spans over 20 years of P&L business management, corporate sales and marketing, and technical positions at; Arthur D. Little, Inc., Foster-Miller, Inc., Textron Inc. (Avco), and John Brown Group. He has a BS degree in Engineering and an MBA (high distinction) with International Marketing and Finance concentration from Northeastern University.
For more information, email or call:
Larry Grumer at 617-325-9852
 
 
 
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This page last updated September 12, 2000