How to Raise Money for Startups

From Ken Maready of Hutchison Law Group, a VT KnowledgeWorks sponsor:

St. Patrick was famed for charming the snakes out of Ireland, and this St. Patrick's Day, the NCTC has a double-header of programs to help tech startups charm the seed capital out of investors' pockets.  (And that lead-in sentence, ladies and gentlemen, is why lawyers don't do marketing.)  I'm writing on behalf of the NCTC Access to Capital Committee because I thought you would be interested in both programs, and wanted to make sure you kept the date available for these events.
 
Tech & Toast
First, at the NCTC's monthly Tech & Toast breakfast meeting at the Inn at Virginia Tech, Doug Juanarena will give us the inside story on DayOne Ventures, a funding and mentorship program based here in Blacksburg, similar to the yCombinator model that has lunched many, many successful startups in the Silicon Valley area.  Doug will be joined by Fred Cook, one of the founders of Heyo, a startup based here in the Blacksburg Innovation Center and a DayOne Ventures company.  DayOne is an exciting launchpad (and more) for bright ideas, and boasts a high-powered mentorship roster including the most successful tech entrepreneurs in our area.  Doug and Fred are both very knowledgeable about current early stage capital markets, both in our region and around the country, and will put on a good show.
 
Trends in Raising Capital Workshop
Then, immediately following Tech & Toast (and also at the Inn at Virginia Tech), the NCTC Access to Capital Committee has a very special half-day program that we're very excited about.  We have licensed a program from the Angel Capital Education Foundation called "Trends in Raising Capital."  This program is presented in a workshop format and will cover the following areas:

  • The Current Environment for Raising Capital
  • Analytic Methods & Tools
  • Term Sheet Mechanics
  • Meeting Investor Expectations
  • Company Valuation

An experienced angel investor and regular speaker for the Angel Capital Education Foundation, Bob Okabe (founder of the Prairie Angels), is coming in to run the workshop.  I've seen the materials, and think the program is going to be fantastic for those of you who may be seeking startup capital in the near future.  The Angel Capital Education Foundation is a spinout of the Kauffman Foundation and offers educational programs and other resources for angel investors and companies seeking angel funding.
 
I'm looking forward to these, and hope you will be able to make it to both events.  Even if you don't remember to wear green, these programs will teach you how to raise it! (again, the lawyer marketing thing…)
 
P.S. Don't forget that the VT Knowledgeworks Third Annual Entrepreneurial Summit and NCTC's TechNite Awards Banquet are just around the corner.

Ken Maready
Hutchison Law Group

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DayOne Ventures is housed at VT KnowledgeWorks.  VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a self-sustaining not-for-profit subsidiary of the Virginia Tech Foundation, funded through the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual.  Its world headquarters is in the Virginia Tech Corporate Research Center in Blacksburg, Virginia, USA.

VT KnowledgeWorks sponsors include Attaain, Inc., BB&T, The Branch Group, Handshake 2.0, Harris Office Furniture, Hodges, Jones & Mabry, P.C., Hutchison Law GroupLeClairRyan, New River Valley Intellectual Property Law, Science Applications International Corporation (SAIC) and The Becher Agency (TBA).

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