Past Meetup

The Rationale For Early Exits in New Ventures - A NY Angels Education Workshop

This Meetup is past

55 people went

Price: $45.00 /per person

Location visible to members

Details

We are happy to kick off our educational activities with a knockout speaker and a hot topic.
Basil Peters' book on Early Exits (http://www.amazon.com/Early-Exits-Strategies-Entrepreneurs-Capitalists/dp/0981185517/ref=sr_1_1?ie=UTF8&qid=1288675289&sr=8-1) and a hard-copy workbook will be provided to every attendee, at no additional cost, at registration

Registration, light breakfast and networking 07:30 - 08:00
Early Exits Workshop 08:00 - 11:00

Workshop Description

Early Exits describes a strategy for startup investors and entrepreneurs to build a new ventures, prove business models and exit companies in 2-3 years without the need for multi-million dollar investments. Based on the book by Basil Peters, Early Exits is a perfect fit for the entrepreneurial environment early in the 21st Century, which can be characterized as follows:
• The traditional venture capital model is not working. It has become much more difficult to raise expansion funding of $5 million and more.
• Corporate America is loaded with cash and is choosing to acquire small companies in lieu of expanded internal R&D. The sweet spot for many large US companies is $15 to $30 million, selling prices of great interest to entrepreneurs and angels, but not generally to traditional VCs.
• Building companies with a valuation of $15 million or more takes much less time with lower risk than building companies with valuation of $150 million, the average VC exit in the past few years.
The Early Exits workshop is designed for entrepreneurs, angel investors and seed/startup venture capitalists. It provides specific tactics for executing the Early Exits strategy from investment to exit with detailed steps to prepare for and complete an M&A transaction.

The Speaker

Bill Payne is an active angel investor, board member, and advisor to entrepreneurs. He assisted in founding four angel groups, including the Frontier Angel Fund in 2005. For over three decades, Bill Payne has successfully founded and invested in over 50 start-up companies, including: Solid State Dielectrics, Inc. in 1971 (an electronic materials company he founded and sold to E. I. DuPont in 1982), Novacap, Inc. in 1980 (a $100 million manufacturer of ceramic capacitors now operating as a stand-alone unit within Dover Companies), Vista Staffing Solutions, Inc. in 1990 (a private $60 million company providing temporary placement of physicians), and Email Publishing in 1996 (a venture-funded company merged into DoubleClick, Inc. - DCLK: Nasdaq).

From 1995 to 2007 in his role with as an Entrepreneur in Residence with the Kauffman Foundation (Kansas City), he worked on educational programs for entrepreneurs and their investors, including www.eVenturing.com and the Power of Angel Investing seminar series. He has also been actively engaged in the formation and startup of the Angel Capital Education Foundation and the Angel Capital Association.

Bill was awarded the prestigious 2009 Hans Severiens Memorial Award for Outstanding Contribution to Angel Investing. Bill just completed service as the 2010 BNZ University of Auckland Entrepreneur-in-Residence in New Zealand from February through June 2010.

Bill graduated with BS and MS degrees in Ceramic Engineering from the University of Illinois, where he has served on the Dean’s Board of Visitors of the College of Engineering. All together, Bill has over 120 years of Board service for private companies and not-for-profit organizations. He currently serves as advisor to several start-up companies. His eBook, the Definitive Guide to Raising Money from Angels is available on his website at www.billpayne.com. He and his wife Ann are residents of Henderson, Nevada and Whitefish, Montana.