Archive for May, 2010

Stateline FastPitch Competition 2010


When: Tuesday, June 22
3:30 p.m. Initial Presentations
6:00 p.m. Keynote Speaker | Final Presentations

Where: NIU Outreach Center-Rockford, 8500 E. State Street

Registration Deadline: June 10

What is FastPitch?
Please join us for our fourth annual FastPitch Competition. In three minutes entrepreneurs pitch their business or business concepts to a group of judges from the business and investment community.

There are very creative and interesting concepts from people in the Region and at FastPitch they can showcase those ideas and learn what it takes to advance them.

FastPitch presentation training sessions will be held on Tuesday, June 15 and Wednesday, June 16 from 6:30-8:00 p.m. at the EIGERlab. These sessions are designed to assist applicants with the development of their FastPitch presentations and provide practice with constructive feedback. This training has been beneficial to previous participants and will be facilitated by two of last year’s finalists; total cost is $15. If you are interested in participating or have questions, please E-mail S.Pritz@RockValleyCollege.edu or phone 815.921.2054.

Click here to download the 2010 Stateline FastPitch registration form

What goes into the PPM? How to generate a Term Sheet?

My client called today saying that his investor has asked for his Private Placement Memorandum (PPM).  We discussed what should go into his PPM in addition to the business plan.  http://wistechnology.com/articles/3935/  The client is well prepared with a good business plan including an investor risk section.

One of the items we discussed was the term sheet disclosing what the company is offering to investors in exchange for their investment.  Here is an excellent site with term sheet examples and a term sheet generator: http://learnvc.com/2009/04/updated-example-term-sheets-and-term-sheet-generator/

After putting together the PPM including the term sheet, we will take the package to his attorney.  The attorney will review this legal document and make sure everything is handled properly.

Witness the MIT EF Whiteboard Challenge Finals, May 26

The premier event of the MIT Enterprise Forum Chicago season, the Whiteboard Challenge is an exciting contest of ideas. This is the essence of MIT: world-renowned for the number of businesses that the university’s organizations incubate.

The finalists have been selected from 89 submissions this year. Join us to watch their presentations as they get a set of markers and five minutes to “whiteboard” their idea before a panel of judges.

For recognition.
For respect.
And for $5,000 in cash prizes.

Sponsored by the law firm of Ungaretti & Harris.

EVENT DETAILS
Date and Time
Wednesday, May 26th beginning at 4:30 p.m.

Location
Northwestern University School of Medicine
Lurie Building, Hughes Auditorium
303 E. Superior,Chicago

Cost
Individual Member            No Fee
Pre-Registered Guests        $30.00
Day-of-Event Registrations   $40.00

REGISTER at
http://bit.ly/9fjtKY