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Application
Deadline: August 11, 2003
Why
should I apply?
VentureNetSM is an excellent fund-raising platform
for Southern California companies that develop and commercialize
software and related information technologies and which have the
potential to create superior shareholder value. The past six VentureNet
conferences have cumulatively helped presenting companies raise
over $75 million.
The
audience at past VentureNet conferences has included all venture
capital firms in Southern California, numerous venture capital
firms from Northern California and elsewhere in the country, angel
groups, individual angel investors, and investment bankers. We
have also attracted the most influential opinion-leaders in Southern
California's technology industry, including accounting firms,
law firms, banks and executive recruiters. Online
Application
Companies
seeking capital can participate in VentureNet as capital presenters,
exhibitors or regular conference attendees.
Who
should apply?
We will consider ventures from start-ups to later-stage operating
companies. The business plan review committee that selects the
12 presenting companies consists prominent investors and software
industry professionals. (Review
Committee)
The
finalists will be selected on the basis of believable explanations
of the company's (a) target customers, (b) the target customers'
pain and how well the company's products and services cure the
pain, (c) competitive advantage, (d) management team, (e) potential
growth rate and size, (f) financial model including the company's
stage and the amount of capital being raised, and (g) opportunity
to create superior shareholder value. Online
Application
What
if I am chosen?
Prior to the conference the companies will be coached intensively
to refine their business plans and presentations by the selection
committee and other professionals.
The
12 presenting companies will be divided into four groups (rounds)
and each company assigned a 10-minute time slot to make its presentation.
Following
each round of capital presentations, a panel of investors comments
on the presentations they just witnessed, offering the presenters
and audience valuable, first-hand feedback on what works and what
doesn't when pitching to investors. Panelists also offer their
opinions on specific market segments, business models or value
statements to illustrate the current status of raising money from
private equity investors, and specifically comment on how the
presenters can better pitch their businesses, including areas
like overall presentation (aesthetics, presenter ability, pace,
etc.), which was the "strongest" or most compelling
presentation, which was the "weakest" or least compelling
presentation, major information missed, common mistakes, and which
was the best presentation in the round.
The
objective of the panels is to rate the quality and viability of
the capital presentations, not to rate, praise or lampoon the
actual business ideas presented. The panelists are requested not
to offer their opinion on whether or not they would fund a specific
business as presented to avoid prejudicing investors in the audience.
The
12 presenting companies and the next best eight companies are
also be invited to exhibit at the conference's Entrepreneur's
Showcase. The conference's format includes extensive networking
time, which is conducted in and near the exhibits area. We also
rent a limited number of exhibit spaces on a first-come-first-serve
basis to companies other than the 20 best applicants.
Online
Application