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SD Early Exits Workshop

The San Diego Tech Coast Angels present
EARLY EXITS

 

Program Overview:
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:

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The traditional venture capital model is not working. It has become much more difficult to raise expansion funding of $5 million and more.

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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.

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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.

Benefits of Attending:
Angels typically invest in early stage companies and then focus on helping the companies grow, taking a passive attitude toward exits, especially in the early days. The strategy defined by Early Exits is to develop an exit plan prior to investment. Startup Board, in particular, should have a continuing focus on exiting early at optimum valuation for the company. The workshop is a "how to" on executing this strategy.

About the Presenter:
Bill Payne is an active angel investor, board member, and advisor to entrepreneurs. He assisted in founding four angel groups: the Frontier Angel Fund (2006), Vegas Valley Angels (2003), Tech Coast Angels (San Diego – 2000) and Aztec Venture Network (1999). For three decades, Bill Payne has successfully founded or invested in over 50 start-up companies.

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 the development of the Power of Angel Investing seminar series. Since 2001, Bill has served as the lead instructor for over 100 of these angel investing seminars and workshops. He was also been actively engaged in the formation and startup of the Angel Capital Education Foundation and the Angel Capital Association (ACA). Bill was awarded ACA's prestigious 2009 Hans Severiens Memorial Award for Outstanding Contribution to Angel Investing.

Bill served as the 2010 BNZ University of Auckland Entrepreneur-in-Residence in New Zealand from February through June 2010. In November 2010, Bill was named an Arch Angel of New Zealand for "remarkable contributions to angel investing."

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. 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.

About the Author:
Basil Peters is an M&A advisor and angel investor. After being an investor for a couple of decades he finally realized that successful investing requires two things: making the right investment decisions and getting your money back. The most fun Basil's had as an entrepreneur, and an investor, are when companies are successfully sold.

Basil is an Entrepreneur in Residence at Simon Fraser University where he helps students and faculty spin-off research into promising technology companies. He writes a blog on best practices for entrepreneurs and angel investors at www.AngelBlog.net.

He has a Ph.D. from the University of British Columbia in Electrical and Computer Engineering and has received the Entrepreneur of the Year Award, Canada Awards Silver Medal in Entrepreneurship, BC Science and Engineering Gold Medal and Business Leader of the Year Award.

 

 


HOSTED BY:

KMOB

Date:
Wednesday, April 24, 2013


Time:
12:00 p.m. – 4:00 p.m.
(Registration begins 11:30 a.m.)
4:30 p.m. – 6:30 p.m.
Combined event reception

Location:
Office of Knobbe Martens
Olson & Bear
12790 El Camino Real
San Diego, CA 92130

Note:
A lunch will be
provided for participants.

 

 

 

 

Basil Peters published his first book:
Early Exits - Exit Strategies for Entrepreneurs and Angel Investors (But Maybe Not Venture Capitalists)

 
Event Contact

When

Wed, 04/24/2013 - 12:00pm - 4:00pm

Address

Knobbe Martens LLP 12790 El Camino Real Suite 100 San Diego, CA 92130

Broadcast

Public

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