Angel Investing Workshops: "Early Exits and Term Sheet of Early Stage Companies"

Date:

Tuesday October 25, 2011

Time:

8 a.m. to 5 p.m.

Workshop 1: Morning

Workshop 2: Afternoon

Location:

Center for Innovation,

4200 James Ray Drive,

Grand Forks, ND  58203

Why attend the Angel Workshop?
We need good info to make better decisions, and good info comes from experienced experts. As angel funds build their investment portfolios, how do we best accelerate growth and prepare for exits to secure the IRR/ROI?  How can we do a better job of building a strong portfolio? How can we build a high-quality term sheet for angel deals? Bill Payne presents the best Angel Seminars nationwide, hands down.  Join us and he returns to North Dakota for his 9th angel seminar since 2001.

What is the Cost to attend this Angel Capital Association Workshop? How do I sign up?
The registration fee for both workshops is $¬150, or $100 for just one, if signed up before October 21st.  $200 for both or $125 for one, will be the registration fee after October 21st.  Registration is limited to 50 participants.  Participants may register by calling Katie at the ¬¬¬¬¬¬Center for Innovation at (701) 777-3132 or email to Katie@innovators.net

Who Should Attend?

• Angel investors wanting to know more
• Entrepreneurs who are interested preparing for an exit
• Entrepreneurs wanting counsel on writing a term sheet
• Senior executives and professionals interested in learning more about angel investing
• Policy Makers
• University faculty and students wanting to learn more about angel investing

More About the Angel Workshops
The Early Exits Workshop is making a comeback, for a 2nd year, after being requested by North Dakota angels. I requested a workshop on exits since many of our angel investments are 3-4 years along.  This early exits seminar was in development, and Bill Payne is doing this workshop as a special favor to his North Dakota friends.  Exits are not well understood in private investing and entrepreneurship.  Little has been written about exits as the traditional focus has been on starting, growing and financing ventures. This workshop is based on the research done by Dr. Basil Peters of Vancouver who just released a new book “Early Exits: Exit Strategies for Entrepreneurs and Angel Investors.” Attendees will receive a copy of his new book.  Dr. Peters is the Fund Manager for Fundamental Technologies II - an angel investment fund (seed ventures).  He also founded a venture capital firm and a hedge fund and has been a CEO in Vancouver and Silicon Valley. Basil is an active, early-stage, technology investor and writes a blog on best practices for entrepreneurs and angel investors at www.AngelBlog.net

For the Term Sheet workshop, learn what a term sheet is and what it does. In layman terms, a term sheet is a funding offer from a capital provider. It lays out the amount of an investment and the conditions under which the investors expect you to work using their money. The key is to remember that it's just an offer, and the entrepreneur can counter that offer and negotiate all the terms before finally accepting the funds.

Who is the Faculty for This Workshop?
This workshop is led by Bill Payne who is an engineer, entrepreneur, angel investor and educator.  He started Solid State Dielectrics, Inc. (SSD), a capacitor dielectric materials company, in 1971 and sold the company to DuPont in 1982.  Since founding SSD, Mr. Payne has accomplished the following:

• Invested as an angel in over 50 startup companies
• Over 120 man-years of service on private company and non-profit boards of directors
• Consulted in materials technology to the multilayer capacitor industry
• Served as an Entrepreneur-in-Residence to the Kauffman Foundation
• Served on six university advisory boards
• Taught over 80 workshops and seminars on angel investing in five countries.
• Assisted in the founding of four angel groups in the US
• Served on the founding committee of the Angel Capital Association (US)

Payne has been an active founder of four angel organizations:

• Aztec Venture Network – AVN was founded in 1999 as a member-managed pooled angel fund with 31 members in the San Diego area.  AVN is fully invested at this time.
• Tech Coast Angels – TCA is a large network of 300 angels located in Southern California.  TCA has five chapters located in the Santa Barbara, San Bernardino, Los Angeles, Anaheim and San Diego areas.  TCA has invested in over 100 startup companies since 1997.  Mr. Payne helped organized the San Diego chapter of TCA in 2000.
• Vegas Valley Angels – V V A is a network of 45 angel investors in Las Vegas who have invested over $10 million in 12 companies since 2003.  Mr. Payne is a founding organizer.
• Frontier Angel Fund – Mr. Payne helped organize this pooled fund of 30 accredited investors in rural Montana in 2006.  FAF has invested in seven new companies since inception and has several more in the pipeline

Sponsors
UND Center for Innovation
Angel Capital Educational Foundation
Economic Development Administration University Center program
Dakota Venture Group