Thursday, February 16
5:30 PM to 8:15 PM
Check-in: 5:30 - 6:00
Presentations: 6:00 - 7:00
Group Q&A: 7:00 - 7:30
Networking until 8:15 PM
Where
Lee Hecht Harrison
200 Park Avenue, 26th Floor
MetLife at Grand Central
New York, NY 10017
Cost:
A nominal event fee of $20 is payable at the door. Students can attend at half price or $10. Regrets but we are unable to accept credit cards.
To RSVP:
Please click on the registration link at the bottom of the page. You will receive a confirmation after registering. If you have difficulty with this link, please register by email to Events@AngenAdvisors.com
Directions:
- From 42nd Street: Walk through Grand Central; take escalators up two flights to check-in.
- From 45th Street: Walk up one flight to check-in.
Managing a Startup with Minimal Equity
Angel, venture, and state funding have been in short supply for several years, forcing most entrepreneurs to get by on shoestring budgets and minimal equity. It is a difficult way to manage and grow a startup business, but hardly impossible. In fact, the minimalist approach has practically become the norm, as vast numbers of entrepreneurs and startup managers have adopted so-called lean methods that enable them to maintain a growth pattern despite adverse economic conditions.
The meeting will focus on two points. First, the panel will discuss methods to run a new business on a lean basis, which in many cases involves transferring some financial risk to other entities within the transaction chain. In other words, those who have a stake in the success of the business, such as suppliers; and those who benefit from the firm, such as clients; share in the overall risk of the enterprise.
Secondly, the event will review low-cost resources startups can use to refine their product line and build momentum in order to ultimately attract equity investors. In particular, participation in startup accelerators will be discussed and reviewed, since they are among the most cost-effective vehicles to launch, sustain and prepare a new company for angel funding.
Graham Lawlor is the Founder of UltraLight Startups, a networking community for technology entrepreneurs which runs pitch events. UltraLight also provides strategy consulting for online businesses and investors, and since 2008 has helped over 900 entrepreneurs build online businesses. Graham is also Founder and CEO of Brightmap, a B2B directory of companies that help businesses find professional service providers such as accountants, lawyers, and web developers. He is a frequent speaker on the online business sector, and has been quoted in BusinessWeek, Entrepreneur Magazine, WSJ, and BBC News.
Joe Chin is a serial entrepreneur who has founded several companies over the past 15 years. Currently, he is CEO of the startup SourcePad, which focuses on outsourcing services with e-commerce applications to small businesses. Previously, Joe was the Founding CEO of Searchandise Commerce, an internet advertising network acquired by RichRelevance in 2011. Prior to that, he designed satellites as an engineer at Hughes Aircraft. Joe is a frequent speaker on agile & lean startup theory and best practices, and has been quoted in BusinessWeek, Fortune, Crain's, Advertising Age, and Inc. Magazine.
Kerry Rupp is Managing Partner of the startup accelerator DreamIt Ventures. DreamIt was founded by several successful entrepreneurs who recognized a need for mentoring, financial support, and business connections for those creating startup firms. Participants share work space, receive guidance from entrepreneurs, obtain donated legal & accounting assistance, and are eligible for up to $25,000 in seed funding. Currently, Kerry also runs her own startup travel service, and engages in marketing and strategy consulting. Previously, she served as a Consultant at both McKinsey & Co. and Andersen Consulting.