MITDV Events

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
https://alum.mit.edu/smarTrans/user/Register.dyn?eventID=5776&groupID=158

For more information please contact
Robert Barrimond at biznet@mitdv.org, (610) 308-7334

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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:

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:

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Biographies

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.