April 2007
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Sustainable Competitive Advantage  

On the Deal-flow Pipeline  

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ePlan - WAN

Deal syndication between angel investors is an emerging trend, not just in Wisconsin but nationwide. Recently announced was the largest angel investment round in our state’s history ($7 million) in Cellectar, a Madison-based start-up. Normally a deal this large cannot be contemplated by angel investors. But by syndicating it between many groups and individuals, the money was successfully raised. In this month’s eVestor we profile the company that netted this record deal along with the investors that made it happen.

Monthly Member Profiles
 

Investor: Continuum Investment Partners
In just 2 ½ years of existence, Continuum Investment Partners (CIP) has had a significant impact on the early-stage investment community. With $16 million in 15 investments ranging from biotech to business technology and one successful exit, this young investment organization is diverse, successful and hungry. Read more...


Cellectar Logo


Entrepreneur: Cellectar
Imagine a technology not only effective at precisely imaging all cancer cells in the body but also delivering debilitating radiation directly to them. Such treatment is a step closer to reality due to one of the largest angel funding rounds Wisconsin has ever seen. Read more...


Deals Made
 

A report on Wisconsin's 2006 angel activity will be released soon. To view last year's report, click here. $7 million in one deal was reported in March.

Cellectar $7 million by Continuum Investment Partners* and other individual investors
*WAN Investor-member

Are we missing a deal? Please e-mail us at info@wisconsinangelnetwork.com.


Investing Resources
 

Entrepreneurs
eServices - The latest offering from the Wisconsin Angel Network. WAN now offers fee-based consulting focused exclusively on raising capital. From creating the best financing strategy to reviewing materials, eServices help entrepreneurs put their best foot forward when approaching investors. Our team of experienced professionals have started businesses and successfully raised money. We are also in continual contact with investors, so we know the latest trends, areas of interest and various ways to make a capital raise successful. Click here to learn more.

WAN still offers the same helpful, free resources at our entrepreneurs’ resource pages. There you will find templates to help create a great business plan and investor presentation, on-demand videos detailing the investment process and hints to help sell investors on your business, along with links to useful tools and other websites. Wisconsin’s entrepreneurs can also post their executive summaries, for free, on the Deal-flow Pipeline.

Investors
Investors interested in learning more about Wisconsin’s early-stage tax credits, click here to watch Pam Christenson of the Wisconsin Department of Commerce give a brief overview of the tax credits. More information, including a listing of companies that have qualified for the credits, can be found on the WAN investors' resource pages.


Upcoming Events
 

Once again WAN will be holding an investors only workshop in the afternoon of June 12 during the Entrepreneurs' Conference in Milwaukee. This year’s topic will be deal syndication. John May, co-founder of the Angel Capital Association and the New Vantage Group, will be leading the workshop. The event will begin with a presentation on deal syndication best practices from around the United States followed by an open floor discussion. The workshop is designed to encourage networking between participants.

Immediately after the workshop the four finalists in the 2007 Governor’s Business Plan Contest will make their final round presentations followed by the Governor’s reception and awards dinner. Registration for the workshop includes access to the entire conference (June 12-13), including the reception and dinner.

Investors
Deal Syndication Workshop June 12, 2:00 – 4:15 Milwaukee (during Entrepreneurs' Conf.)

Entrepreneurs
2007 Midwest Biotech Symposium April 25-26, Madison, free - register by April 11
Make Mine a $Million Business Conference May 21, Madison
2007 Entrepreneurs' Conference June 12-13, Milwaukee



With venture capitalists focusing on larger deals, angels are needed to fill the funding gap, the money entrepreneurs need to grow large enough to be of interest to VC’s. John May, a leader and innovator in the angel capital market, explains it this way, “Deal syndication between angel networks is an evolutionary step. We need to band together in order to fill the ever-expanding funding gap.” WAN provides several opportunities each year for angel investors to meet and discuss their investment interests. These introductions and handshakes lead to the larger deals being syndicated between investors, helping our entrepreneurs raise much needed funds.

Please forward copies of this month's eVestor; if you're not on our e-mail list, click here to join.

Sincerely,

joe kremer's signature
Joe Kremer, director
Wisconsin Angel Network