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Congratulations!
You have been selected as one of the companies to be featured at the
upcoming Venture Fair. This annual event is focused on promising seed-stage and
early stage venture companies.
Each presenter will have the opportunity to make a 5 – 8 minute presentation about
his or her company. To support your oral presentation, you have the option to
use PowerPoint, 35 mm slides, transparencies or overheads, charts, or hand-outs.
The distinguished panel of judges will listen to all of the company
presentations before selecting the "Company Most Ready to Receive Funding." The
winning companies (First and Second-place) will be honored at the Reception
(5:30—7 p.m.) along with the company selected as the "Peoples’ Choice" winner.
As a guide, we have developed a specific list of questions in 7 major categories
for you to consider. Eight minutes is not a lot of time. So the best advice is
"Keep it simple!"
If your presentation were to be written out as text, the maximum length would be
the equivalent of 22 sentences — an introductory sentence plus no more than
3 sentences for each of the 7 major topics. The number of slides or
transparencies that can be handled is probably 14 or less (i.e.,
an average of 2 per topic). This means a new "visual" every 30 seconds.
No presenter will be permitted to exceed the 8 minute limit. At a recent
Mid-Atlantic Venture Fair, some of the most effective presentations were from
people who told their whole story not in 8 minutes but in just 5! They
were relaxed and familiar with what they planned to say, they had obviously
practiced out loud (very important), and they did not read
their presentations but instead interacted "naturally" with their visual
materials. Remember: the goal of your oral presentation is not
to be comprehensive. Your goal is to sound interesting and plausible and to
motivate people to talk with you "one-on-one" during the break-out sessions.
Keep these thoughts in mind as you develop your own presentation. And call us if
we can help.
We'd be pleased to hear from you...
BLUE ROCK CAPITAL makes long-term equity investments
in promising seed-stage and early-stage ventures in the Mid-Atlantic region from
the Carolinas to New England. The Fund emphasizes information technology,
business services, and related fields. It does not invest in biotechnology,
invasive medical devices, pharmaceuticals and certain other situations. For more
information, please see
www.bluerockcapital.com.
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1
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Venture concept
- In a single introductory sentence, please provide a very, very abbreviated
description of the company’s
basic
market opportunity... its technology... how its technology is or will be
protected... any regulatory approvals that may be required... its manufacturing,
distribution, marketing and sales methods... funding to date as well as future
funding requirements... and the general credentials of the management team.
Here
is an example of such an introductory sentence. To see how such a
sentence functions, read it aloud... slowly... and distinctly:
By adapting proprietary multiplexing software which can be licensed on a
non-exclusive basis from Paul Murkee Research Laboratories ("PMRL")... and
by then utilizing such software (along with proprietary enhancements)... in
conjunction with off-the-shelf vendor circuitry... that is integrated in a
novel way,... the founders of TeleTeen Technology Communications, Inc.
("3TComm") (one founder has left Bellcore after 25 years of technical and
management experience and the other founder has joined the Company after 7
years in national sales for a major office products company)... after having
invested $350,000 of their own cash... now intend to raise $1.4 million...
to support the commercial roll-out,... through both distribution and VAR
channels,... of a plug-and-play black-box component,... in embodiments for
both commercial markets (Year 2 sales forecast: $5 million) and the consumer
market (Year 2 sales forecast: $11 million)... that will allow single phone
lines to carry up to four channels of voice-grade information
simultaneously... which 3TComm's device will route via hard-wiring (i.e.,
standard existing UTP wiring)... to four discrete send/receive devices (all
of which must be on the premises).
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2
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Market opportunity -
Please provide one or two sentences (at most) on the two most important
(but definitely
not all ) of the following issues:
Identify the specific need or problem addressed by the venture.
Describe
the overall structure, size, and value of the
current
market.
How is
this market need now being met? By which companies?
How
strong is each of these companies in the current market?
What
share of the market does each competitor now hold?
What is
the size and value of your targeted market niche or market segment?
Describe
what the market will be like five years from now.
Identify
likely customers (either by type or, if possible, by name).
What are
their specific buying habits today?
How will
the company establish its own position in this
evolving
market?
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3
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Technology
- Please provide one or two sentences (at most) on the two most
important (but definitely not all ) of the following issues
What
is the present state of the technology in this field?
What is
limiting in the current situation that makes improved or new technology
desirable?
What
competing technologies now exist?
What
competing technologies are known to be under study or development?
What
would be the relative advantage of the company's technologies?
What are
the specific goals and objectives of the company's project?
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4
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Protecting proprietary rights
- Please provide one or two sentences (at most) on the two most
important (but definitely not all ) of the following issues
If
proprietary technology results from this project, who will own the
discoveries?
Is there
a suitable technology "assignment" agreement in place between the partners of
the company and the company itself? Between the company and its employees?
Between the company and its outside collaborators?
In order
to undertake this project in the first place, are there any
existing
patents, copyrights, licensing agreements, trade secrets, or other types of
protection that must be considered?
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5
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Manufacturing - Please
provide one or two sentences (at most) on the following issues
How
will the resulting products be produced? In-house manufacturing and
assembly? In-house assembly of components that have been manufactured by
outside sources? Commercialization by out-licensing production and
distribution
entirely
by others?
Regardless of the method, how will Quality Control be handled?
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6
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Marketing, Sales and Distribution
-
Please provide one or two sentences (at most) on the following issues
How
will the company take its products to the market (direct sales vs. rep-based
selling vs. a marketing arrangement that is contracted or licensed to a
third party)?
Given
the selected approach, how will this process be managed?
How will
the company establish and support its distribution functions?
Does the
project require lengthy clinical trials and FDA certification before market
introduction can begin?
Is some
other kind of approval required (UL, trade group, etc.)?
Does the
company understand what is involved?
Has the
time required for obtaining these approvals been estimated realistically?
Does the
budget include adequate provision for such approval procedures?
Do the
company's sales and cash-flow projections reflect these considerations?
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7
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Management team - Please
provide one or two sentences (at most) on the following issues
What
is the experience of the members of the management team?
What are
the specific credentials of the team members? Affiliations?
What
roles will each member play? What specific responsibilities?
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8
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Venture
Financing
Complete "A to Z"
Smart & Fast guide
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Funding
- Please provide one or two sentences (at most) on the
following issues
How
has the project effort been funded to date?
What
funding will be required over time to support the venture?
What
will such funding be used for?
What
type of sources are most appropriate? Most likely to be interested?
What is
the company's strategy for obtaining funds from such sources?
What are
the financial results that are anticipated by the company?
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Do-it-Yourself Entrepreneurship 101
Take a company that interests you. Using the space provided below, compose a
sentence that fairly and accurately and completely describes this
company.
As a test, keep in mind that this sentence should be meaningful both to the
company itself (i.e., to "insiders") and also meaningful to someone who would
first be exposed to the company strictly through your written description of it.
In addition to factual information, can you write a sentence that conveys the
company’s opportunity in the marketplace and how it will
operate
in order to fulfill this opportunity? Try it.
Neatness. These simple little
sentences often turn out to be not-so-easy to write. Please feel free to make
this written exercise as messy as it needs to be. Cross-outs, arrows, marginal
insertions, etc. are wonderfully helpful and are encouraged. In
terms of legibility and neatness, when you’ve got the words, the sequence, and
the concept right, the only requirement is that you be able to
read the sentence. It can always be made neater later.

Virginia G. Bonker
230 Lackawanna Dr.
Andover, N J 07821-4113
Tel 973 426-1767 Fax 973 426-0224
virginia@bluerockcapital.com
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Terry Collison
5803 Kennett Pike, Suite A
Wilmington, DE 19807-1195
Tel 302 426-0981 Fax 302 426-0982
terry@bluerockcapital.com
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