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ZINO Society

Suspicious Reviews Warning:
TheFunded.com algorithm or a Member has detected highly suspicious review activity by the following organization(s). In the majority of cases, the organization in question has pressured CEOs to write favorable remarks and contribute favorable ratings. Readers are advised to interpret the reviews with caution. This warning will expire on April 15, 2011.

Firm Rating:

Rated 2.3 / 5.0 by 3
Track
Record
2.0
Operating
Competence
2.3
Pitching
Efficiency
3.0
Favorable
Deal Terms
1.7
Execution
Assistance
2.3

Firm Homepage:

FIRM OVERVIEW: Very Small Angels based out of Seattle, USA (US West)

TEAM MEMBERS: Cathi Hatch, Kristie Lanum, Mary Holmes,

1
Agree
0
Disagree

'Pay to Play' Group to Avoid Particularly Kenny Byrne 'Coo'

Fund: ZINO Society

Posted by SallySueVoter on 2015-04-29

PUBLIC:

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!

SSSV

PRIVATE: Members Only

2
Agree
1
Disagree

W Ine and Dinner Club Masquerading as an Angel Fund

Fund: ZINO Society

Posted by kscruzen on 2013-06-01

PUBLIC:

This is a dinner club that charge startups to pitch their membership. They then use the money collected from the entrepreneurs to pay for their events (dinners, wine tastings, boat cruises).

PRIVATE: Members Only (792 Characters)

0
Agree
0
Disagree

Anyone Know Anything about This Group

Fund: ZINO Society

Posted by susanrits on 2012-05-08

PUBLIC:

Anyone have eny experience with this group? Not a fan of pay to pitch myself, but have been recommended to this group a couple of times.

PRIVATE: Members Only