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Corporate people don't "get it" .. He probably has good sales skills and can help a VC raise a fund .. and that's it.
Corporates and start-ups do not mix.
I've worked with both Andy Goldfarb and Dave Fachetti over the years. As an investor they we're terrific. Their diligence was thorough and appropriate and as they got deeper their input helped us with our strategy. They are both very smart and hardworking and Andy as our board member was always available during the course of the company up until our exit.
I've worked with many venture firms and can say Globespan is tops!
The Founder Showcase, TheFunded.com's annual startup event, is coming up on Tuesday, May 12th in Silicon Valley.
At this event, over 400 startup founders and investors will join us to hear from three of technology's leading change agents who are on a crusade to change not only industries, but also the world.
Our speakers include:
In addition, panelists for the event include some of world's top venture capitalists and journalists, including;
This event will sell out, so get your tickets today.
TheFunded.com readers get 20% off tickets here.
We have investigated Zino Society since going out for funding at the end of last year. Several of the few fellow Puget Sound Washington Angel groups suggested we do so. Our experiences turned unfavorable. The facts follow:
* Companies that have 'won' awards with Zino have not received funding from individual investors, the Zino Fund nor even a pipeline of potential investment or advisor contacts; (Personally validated with 3 hence our company will not be presenting.)
- However Zino claims they are the third largest group by awards to companies in the area;
* Screening standards and 'coaching' are selective and disproportionate; one company may present to a board and others may only receive some slight feedback;
* Not many if any women-owned or run companies present nor are they treated equally;
* Other Angel group participants, coaches and members have openly advised to stay away from 'Cathi's wine club' as they have a history of collecting monies without further investment opportunities presented;
* Panel/Board member judges are also pay-to-play for their 'expertise' particularly attorneys and 'sales-system' speakers;
* The group is unorganized; last minute phone calls to schedule 'coaching' and practice to pitch just a few days before monthly events. Moving/migrating dates and topics to total re-works are common for the entire event within just a few days. Long-planned activities are shelved; not conducive for companies who are engaged in serious development and fundraising;
* The 'COO' Kenny Byrne is a well-known self-promoter 'BigManOnCampus' who has been witnessed drinking to excess boisterously interrupting, holding court and causing general problems;
- LOOKOUT for this character as he makes the rounds scouting for companies/victims in the Start-up communities along with Lee Reeves who is a nice guy but has neither operated a lemonade stand;
* Disparate 'qualifications' to present along with arbitrary 'turn downs' when serious questions are asked to the organization particularly to Kenny in general who can 'turn' particularly on booze.
Generally, if you want to pay to attend a party and 'watch the show' maybe acquiring a few decent contacts, sure. Otherwise, wise start-ups will move on. Be concerned in general about any group that charges more than a small fee to pitch.
Fortunately, we completed our due diligence and decided unanimously not to move forward.
Do your homework wherever you choose to present!
Private: 473 Chars
This Sunday, April 19th is the Final Application Deadline for the Spring 2015 Founder Lab.
The Founder Lab helps top seed-stage startups prepare for funding through an intensive, 10 day program in Silicon Valley. Participating founders will work non-stop with world-renowned entrepreneurs and investors, and leave the program with a fully refined pitch-deck, a plan to grow their KPIs and product, access to a global network of founders and investors, and a tactical strategy to raise funding.
As a bonus, the program culminates at the 16th Founder Showcase, where they can demo their product to more than 400 investors and network with industry professionals.
If you are interested, apply and learn more at http://founderlab.com.
Private: 350 Chars
Wow, where to start? Bob Savage was the only rational guy in this place until he got forced out by Ian the Terrible.
Their M.O. is to provide a terms sheet quickly, and then change the terms after you've gone down the road with them a bit and have turned down other sources. They're used to being virtually the only game in town, and getting away with poor treatment of entrepreneurs.
Don't waste your time