EFactor Presents: Angel Investing: The Inside Scoop - Chicago
The hardest part of starting a new business is finding the money to fund it. You could turn to friends and family but at most you might be able to get a few thousand dollars. That’s not going to work and good luck getting a bank to loan you any money. Banks are notoriously stringent when it comes to small business loans. 41 percent of small business owners said they had trouble getting adequate financing in 2010 according to the National Small Business Association.
Before you give up on your business idea you need to attend EFactor’s presentation on Angel Investing in Chicago. Angel Investors are generally affluent, retired entrepreneurs who provide capital for business start-ups just like yours.
As an added bonus EFactor has discounted tickets to this event if you register by November 22nd. Don’t delay there are a finite number of tickets being sold for this event. Don’t miss your chance to change your life and become a successful business owner! To purchase tickets or find out more about this meeting click here.
About the speakers:
Gregory Grove concentrates his practices on private equity, venture capital and corporate transactions and counseling. He advises funds, boards of directors, management teams, underwriters, and private and public companies at all stages of development, from entrepreneurial to established, operating in a wide range of industries. Greg counsels clients in all aspects of private equity and debt transactions, mergers and acquisitions, venture capital investments, pubic offerings and intellectual property matters. In addition, Greg advises companies on general corporate and ordinary operations matters, including company and subsidiary organization, contract drafting, equity and bonus compensation, and negotiations with executives and others.
Michael Gruber has extensive experience with early stage investments particularly in the information technology, material science, and energy sectors. Mr. Gruber is a Partner of Independence Equity, an early stage venture capital fund as well as a Partner and Co-Founder of G4 Capital LLC and VentureLab, where he works with emerging growth companies in interim executive capacities on go-to-market and financial strategies. Mr. Gruber’s prior industry experience includes key operational roles in high growth corporations (Koei Corporation, Intuit, InsWeb, Silicon Investor), two of which went public and one of which was acquired by a strategic investor. Mr. Gruber had founded Cornerstone Angels and Keiretsu Forum Chicago/Midwest, private investment organizations of high net worth investors focused on growth stage investments. Mr. Gruber was also a Director of Taproot Ventures, an early stage investment affiliate of the Harbour Group, an investment and operating holding company. Mr. Gruber currently serves on the Board of Directors for ACG Chicago as Co-Chair of the Venture Network and Cleantech Network, and serves on the Board of Advisors of Factory Physics, Inc., and the Institute for Sustainability and Energy (ISEN), NUvention Energy at Northwestern University, and DailyDAC, Inc. Mr. Gruber received a BA in International Relations from the University of Pennsylvania, and an MBA from the Kellogg School at Northwestern University. Mr. Gruber is also a frequent speaker and panelist relating to entrepreneurship and venture capital.
Ronald L. Kirschner, M.D. is President of Heartland Angels, Inc. Dr. Kirschner has a broad background in healthcare, start-ups and private equity. Dr. Kirschner practiced medicine for 23 years and anesthesia for 17 of those years. He was President of Irving Park Chapter of the Chicago Medical Society. He taught at the Illinois Masonic Medical Center and was an Assistant Professor at Southern Illinois University School of Medicine and has taught at the Illinois Institute of Technology in the Finance Department. While practicing medicine, he started 3 companies of his own in the healthcare field dealing with Nutrition, Managed Care, and Utilization Review. He has been a consultant on healthcare issues to the State government and on funding and market strategies to both entrepreneurs and early stage companies. He was the VP of Technology Development for CDIB Biotech, Inc., a Midwest Biotechnology Venture Fund (started by China Development Industrial Bank) where his roles was to assist in the discovery and funding of early stage biotechnology in the Midwest and Canada. He was principal in the funding decisions concerning, among others, Aegera Therapeutics, Immunicon (now Veridex), and VitaGen (now Vital Therapies, Inc.). He was active in advising local companies, e.g., Neuronautics, on options relating to funding opportunities and was involved with the Board of Directors for Phytoceutica. Dr. Kirschner received his BA from Beloit College and was awarded his Medical Degree from St. Louis University. He has completed residencies in Emergency Medicine at the University of Chicago and in Anesthesia at West Virginia University. He received his MBA in Finance from DePaul University.
Brad Morehead is CEO of LiveWatch Security, the parent company of SafeMart, Bolster Security and Able Security. As one of the fastest growing home security companies in the country, LiveWatch Security is revolutionizing the home security industry with its unique Plug & Protect™ security system that uses an internet-based delivery model.Prior to Bolster, Brad was CFO of Feldco Factory Direct, a fast-growing, entrepreneurial company that is the Midwest’s leading home renewal company and winner of the BBB Torch Award and two-time National Window & Door Company of the Year. Before joining Feldco, Brad worked with Friedman Fleischer & Lowe LLC (“FFL”), a San Francisco-based, middle-market, private equity firm and in investment banking with Goldman Sachs (New York) and Donaldson, Lufkin & Jenrette (Chicago). Brad serves on the board, has been a founding investor or was on the startup team for a variety of other companies from financial services to consumer products. He also co-founded Wildcat Angels and Kellogg Entrepreneurs’ Organization. Brad received an MBA with highest distinction from the Kellogg School of Management at Northwestern University. Brad completed his undergraduate degree with high distinction in Finance at Indiana University.On a personal basis, Brad played football at Indiana University (briefly), ran a marathon (not so briefly), completed the Alcatraz triathlon and has been a winning contestant on both The Price is Right and Wheel of Fortune.
Dr. Matthew R. Matigian, CEO, Blue World Asset Managers, Ltd., is a serial entrepreneur with over 20 years experience in managing, investing in and consulting for a very wide range of businesses spanning many industries and business situations from start-up to turn around and exit through his company, Blue World Asset Managers, Ltd. Blue World Asset Managers, Ltd. coordinates professional services in consulting, funding, due diligence, and management synchronizing the personal and professional elements of an entrepreneur's estate plan, business model, structure, tax, risk management and asset protection and growth strategies.Dr. Matigian has extensive experience evaluating both public and private investment opportunities. He is a prolific blogger regarding politico-economic issues and economic report analysis. He lectures on business and investing and is nearing completion of a book titled Money as a Second Language. He is a regular radio guest on CBS's Noon Business Hour. In addition Dr. Matigian currently serves on or participates in: Irish Angel Investment Group, Notre Dame business plan competition judging, Illinois Institute of Technology's Interprofessional Projects Program judge, Diocese of Peoria investment committee member, and Member of the Alliance of Merger and Acquisition Advisors organization.
Karin D. O’Connor is founder of Perimeter Advisors, an advisory firm that assists owners of promising mid-market companies with planning and execution of value enhancement strategies. She joined Hyde Park Angels, a Chicago-based angel investment network, in 2009 and was named Interim Managing Director in October 2011. She is active on the group's Deal Screening Committee and Business Services/Financial Services Ambassador Group. To date, she has invested in five deals with HPA, and she currently serves as the group's representavie on the Board of portfolio company FeeFighters. Since beginning her career at Continental Bank in the 1980's, Ms. O'Connor has invested in and advised entreprenerus in a variety of industries that includes financial services, business services, technology distribution, health care, and manufactoring. She has invested at all levels of the capital structure - from senior debt to mezzanine, venture leasing, and equity - and in companies ranging from early stage to mature. She received her BA in Finance from the University of Illinois, where she graduated magna cum laude and was elected to Phi Beta Kappa. She also studied European history and civilization at Salzburg College, Salzburg, Austria. She earned her MBA from Northwestern University’s Kellogg School of Management, where she was an F.C. Austin Scholar and was elected to Beta Gamma Sigma. She received a CFA (Chartered Financial Analyst) charter in 2007.
Just a tip: If you are planning on attending more than one of our events this year (each city hosts at least six events), why not get our Events Access package for only $45. Enroll today and save!
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The evening kicked off with a keynote from Greg Grove of Much Shelist who is a venture attorney. He discussed the various financing structures that entrepreneurs need to know when raising capital. Next, Michael Gruber of Independence Equity shared some facts and insights about angel investing. After the two keynotes, a panel discussion with various angels took place that was dynamic and engaging with the audience. Topics of discussion included investment criteria, pre-money valuation, finding investors, deal breakers, and the Chicago investment climate.
"I attended this e-factor event to learn more about the Chicago Angel Investing scene, having moved our start-up to Chicago earlier this year. It was a well-organized event with useful keynote presentations, and an excellent/informative panel discussion. I left with some new ideas, perspectives and – critically – business cards! "
Principal, Hotel Compete
"I love events where you hear real solid advice from people who have been there time and again. Across the board, the speakers and panelists seemed truly interested in the plight of the entrepreneur looking for capital. I felt a genuine concern with making angel capital a win-win for both parties. I made a couple of great connections too!"
"The December 15th E-Factor event on angel investing was even better than I expected. I meet a number of like-minded entrepreneurs, potential mentors, and the leaders in angel investment here in Chicago. I learned more than I could have imagined about the world and process of angel investing while getting an in-depth overview of the angel investment climate in Chicago. It was great and really encouraged me to get more involved with E-Factor."
Designer/Owner, Lara Miller
Note on Pricing:
Early Bird Special - $10 (Ends November 22nd, sign up early!)
Regular Price - $15
Price at the door $20
6:30pm - 7:00pm Event Start/Networking
7:00pm - 7:20pm Keynote Speakers
7:20pm - 8:00pm Panel Discussion
8:00pm - 8:30pm Audience Q&A
8:30pm - 9:00pm Networking Hour
9:30pm Event Ends