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June 07, 2006

Transitioning to a Sustainable Energy Future - Professor Jefferson W. Tester, MIT

Dr. Jefferson W. Tester
H.P. Meissner Professor of Chemical Engineering at MIT

Club Annual Meeting, Wednesday, June 7, 2006

What are the best choices for a future with sustainable energy and how do we get there? The need for renewable energy systems such as solar, wind, biomass, geothermal, and hydro sources, etc. is very evident, but are we pursuing these technologies aggressively enough to reach the goal of sustainable energy before our hydrocarbon-based energy sources dwindle? As we see our gas prices rising higher and higher, we are reminded that the present energy sources are finite and the future is very dependent on what we do now. Professor Tester will give us an overview of current energy technologies and some insight as to how this transition to sustainability can be accelerated.

Dr. Tester has a B.S. and M.S. from Cornell University and a Ph.D. from MIT. For three decades he has been involved in chemical engineering process research as it relates to renewable and conventional energy extraction and conversion and environmental control technologies. He has co-authored over 180 scientific papers and 9 books on various related topics. These topics have ranged from geothermal reservoir and drilling technology, to power conversion system design and economics, to assessing local, regional, and global environmental effects caused by energy supply and use. He has recently written a new text book “Sustainable Energy – choosing among options”. His past assignments include Director of MIT’s Energy Laboratory (1989-2001) and group leader in the Geothermal Engineering Group at Los Alamos National Laboratory (1974-1980). He was a member of the Energy R&D Panel of the President’s Committee of Advisors on Science and Technology (PCAST) in 1997 and has served as an advisor to the USDOE and the National Research Council in areas related to concentrating solar power, geothermal and biomass energy, and other renewable technologies and waste minimization and pollution reduction.  He is presently a member of the advisory boards of the National Renewable Energy Laboratory (chair), Massachusetts Renewable Energy Trust (chair), Idaho National Engineering and Environmental Laboratory, and Los Alamos National Laboratory.

Location: Cannstatter Volksfest-Verein
                9130 Academy Road
                Philadelphia, PA
Directions: Take Exit # 32 off I-95. Proceed through the first intersection (Frankford Ave.). Get into the right lane. The entrance to CVV is on the right just after the next light.
When: 6:00 PM Social Hour with cash bar
                7:00 PM Dinner
                7:45 PM Annual Meeting
                8:00 PM Presentation by Professor Tester
Cost: $25 for dues-paying members and their guests
                $30 for non-members
Meal Selections: Roast Prime Rib of Beef
                Salmon Filet
                Chicken Cordon Bleu

Reservation DEADLINE is Friday, June 2.

Register online at https://alum.mit.edu/smarTrans/user/Register.dyn?eventID=5546&groupID=158

Contact: Lucie Wilkens (610-444-3242) or l.s.wilkens@alum.mit.edu

Posted by at 06:00 PM

June 21, 2006

MIT Enterprise Forum Broadcast - Talk to an Angel

The MIT Club of the Delaware Valley BizNet proudly welcomes you to the MIT Enterprise Forum Broadcast

Talk with an Angel:
Crucial Connections to Early Stage Capital

June 21, 2006
6:30 p.m.
The Wharton School
John M. Huntsman Hall, Rm G55
3730 Walnut Street
Philadelphia, PA 19104
$5 for MITDV members
$10 for non-members
Please RSVP by 12 p.m. Jun 21 at
For more information please contact
Robert Barrimond at biznet@mitdv.org, (610) 308-7334

There will always be entrepreneurs with new ideas and new ventures. And there will always be people ready to help finance these startup companies. It's one of the engines that drives the US economy. And an increasingly larger component of the financing picture is angel investors.

In June of last year, our global broadcast explained angel investing. In our "sequel" presentation, the MIT Enterprise Forum presents a hands-on, real-world examination of how entrepreneurs can approach angel investors, and tactical advice on how both parties work together to craft a financing agreement that benefits all.

Produced in association with the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation, program attendees and viewers will learn:

  • how to find angels
  • what is, and isn't, a good fit
  • when to work with VC instead, or with both angels and VCs combined
  • how to pitch
  • how to work together after funding

Through conversations amongst the panelists, the focus will be on principles and the best steps to follow, as well as real-world case studies, and how different sectors create different approaches.

Our DVD panel includes:

Our live panel includes:

  • Randy Ayoob, Investor and Principal, Global Associates
  • Joel Cardis Esq., Attorney and Consultant
  • John "Jay" M. Coogan Jr., Partner, Duane Morris
  • Robert J. H. McManus, Investor and Consultant
  • And other honored guests!


Randy Ayoob

Randy Ayoob is currently involved in business development and fundraising for two software development companies.' He is also responsible for the management of Human Resources for both firms.' He is involved not only as an investor, but also maintains an active role in the structure, growth and corporate development of these emerging businesses.

Mr. Ayoob is a highly energetic and the successful principal of Global Associates, a consulting firm to clients ranging from start-ups to mature businesses.' One of his key strengths is successfully identifying the human capital required to attain objectives.' Clients are then free to focus energy on direction and significantly reduce the risk of failure.

Prior to Global Associates, Mr. Ayoob was Vice President of Human Resources at Fidelity Bank.' He also served as Vice President of two high-technology Fortune 1000 companies:' Aydin Corporation and Sperry Corporation.

Mr. Ayoob's consulting successes include relationships with Rhone Poulenc, Engelhard Corporation, QVC Networks, Polo Ralph Lauren and the University of Pennsylvania.

Joel Cardis

An attorney and consultant to emerging companies, Joel Cardis has over 27 years of legal experience and a broad knowledge of startup issues. Cardis helps entrepreneurs prevent unattended issues from becoming devastating problems, while also providing strategic planning that enables businesses to grow and become attractive investment opportunities. Cardis employs his analytical skills and imagination to identify and prioritize issues, assess options and design, select and execute optimal solutions to successful conclusions. His ability to grasp both nuance and big picture issues enable him to provide clients with comprehensive and creative solutions.

Having lived and worked in Pennsylvania his entire life, and as lead author of Venture Capital: The Definitive Guide for Entrepreneurs, Investors and Practitioners (Wiley & Sons, Inc. 2001), which features many of the area's leading figures, Mr. Cardis is well known to the entrepreneurial and venture capital community.

Mr. Cardis is a graduate of Dartmouth College and the Dickinson School of Law.

  • Member, Greater Philadelphia Venture Group
  • Member, Screening Committee, Mid-Atlantic Angel Group
  • Judge, Philadelphia Angel Venture Fair
  • Judge, Drexel University Business Plan Competition
  • Mentor, Baiada Center, Drexel University
  • Former Executive in Residence, Science Center Port of Technology

John M. Coogan, Jr.

John M. ("Jay") Coogan, Jr. practices in the area of corporate law with a broad spectrum of interests. Mr. Coogan counsels publicly held and private companies and investment firms in mergers and acquisitions, securities offerings, venture capital financings and the establishment of startup enterprises and emerging businesses.

Mr. Coogan is a 1985 magna cum laude graduate of Tulane University School of Law, where he was awarded the Dean's Medal and elected to the Order of the Coif, and a graduate of Vanderbilt University.

Areas of Practice
  • Mergers and Acquisitions
  • Health Law
  • Corporate and Securities
Recent Representative Matters
  • Major U.S. Retailer - Served as corporate and securities counsel and as counsel to compensation committee. Managed $1.1B acquisition of 142-store chain, and ran $1.8B financing comprising $1B revolving credit facility, $510MM senior note offering and $260MM mortgage loan facility. Generally, lead corporate and securities partner focusing on 33 Act work, 34 Act reports, Sarbanes-Oxley, etc.
  • Cornerstone Bank - Served as outside general counsel and board counsel to publicly-traded NJ state chartered bank.
  • Jefferson Health System - Represented JHS in establishment of relationship with United HealthCare in establishing new JHS-affiliated PPO.
  • Regional medical billing company - Represented medical billing company in first of planned scaling acquisitions.
  • Osage Venture Partners II, L.P. - Formation of second venture fund.
Professional Activities

Active in Early Stage East and Greater Philadelphia Venture Group organizations

Robert J. H. McManus

A graduate of the Lawrenceville School in New Jersey, Franklin and Marshall College in Lancaster, PA and the Wharton School of Business, Robert McManus has had a colorful career prior to Wharton studies, including touring opportunities with David Bowie, Paul McCartney and the Rolling Stones. For the past 15 years, he has occupied a quiet corner of the internet where candidates and clients meet in a confidential way to discuss mutual ambitions. Rob's clients include hedge funds, private equity, euro banks and bulge bracket firms. When start-ups have more equity than cash, Rob has taken an equity interest in these client companies. Because of this, Rob has interesting stories and advice for all who plan to dabble in the start-up market place.

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