| April
2007 |
| Sustainable Competitive Advantage |
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| On
the Deal-flow Pipeline |
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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.
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Monthly Member Profiles |
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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...
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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...
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Deals Made |
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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.
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Investing Resources |
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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.
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Upcoming Events |
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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
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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, director
Wisconsin Angel Network
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