Fund: Innovation Works
Posted by Anonymous on 2007-12-12
I heard that the new CEO is much better to deal with and we did not meet with Mike Morneault so cannot comment. Previous comments about Frank Demmler are spot on. Same can apply to Randy Eager, and a few other people. They apparently are looking for very green companies that believe they can add some kind of value, and if not will take a very defensive attitude especially when its clear they neither dont have the knowledge or didnt even bother to review information forwarded to them by companies. They appear very political and hearing from other (funded) companies that the time needed to process something through them certainly isnt worth the amount they provide, which has strings attached. Companies considering them should consult with companies they have funded but be sure to get frank comments..some may be worried to do so (again, they fund smaller more helpless companies that may feel nervous about discussing things..).
We wont bother meeting with them in the future, and certainly wont refer them. Good luck to Rich Lunak..hopefully he can bring in people that can really improve this organization.
We were told that direct meetings with him would be much more productive. Hopefully, he can turn that mess around. The city needs it. Also, they have experienced a lot of turnover so perhaps morale isnt so high.PRIVATE: Members Only (2551 Characters)