January 2010 
In This Issue »
2010 Governor's Business Plan Contest entry deadline
Term sheets, valuations and negotiations
Tech leaders survey
Power of Angel Investing seminar
Upcoming Events

Governor's
Business Plan Contest

Entry deadline for the 2010 contest is Jan. 31 at 5 p.m.
 

WisBusiness.com: The Show

See the latest updates on business and investing in Wisconsin.
 

WAN Members

Investor-members
Appletree Capital
Badger AgVest
Baird Venture Partners
Brady Corporation 
Capital Midwest
Capvest Venture Fund
Central WI Business Angels
Continuum Investment Partners
DaneVest
Daycholah Capital
Golden Angels Network
Kegonsa Partners
Lake Superior Angel Network
Marshfield Investment Partners
Mason Wells
MDC Venture Debt Fund
NEW Capital Fund
Peak Ridge Capital
Origin Investment Group
Pennies from Heaven
Phenomenelle Angels Fund
Promega Corporation
Silicon Pastures
St. Croix Valley Angel Network
Stateline Angels
Successful Entrepreneur Investors
Triathlon Medical Ventures
Venture Investors
Wisconsin Investment Partners
Women Angels, LLC
Informal networks: 1
 
Advisory Committee
Sec. Lorrie Keating
Heinemann
(Chair)
Dept. of Financial Institutions
Sec. Dick Leinenkugel
Dept. of Commerce
Tim Keane
Golden Angels Network
Richard Leazer
Wisconsin Investment Partners
John Neis
Venture Investors
Tom Still
Wisconsin Technology Council
David Ward
NorthStar Economics
 
WAN Staff
Joe Kremer
Director

Newsletter Sponsors

DFI
learn more about ePlan click here 
In Wisconsin we have learned that success in increasing our pool of risk capital rests, in no small part, on our neighbors investing early stage investment dollars separately or with others in Wisconsin. The I-Q Corridor, the Wisconsin Technology Council's brand for the region encompassing much of Illinois, Minnesota and Wisconsin, will enhance its entrepreneurial economy and global competitiveness by working together. An example of this collaboration will take place 5 to 8 p.m. Thursday, Jan. 28 in eight cities around the region. Called the I-Q Corridor Investors' Forum, investors will be linking up together via video conferencing technologies to review investment presentations by three entrepreneurs. If you are an accredited investor and near one of the Forum's locations, please join us. Follow this link to more information on the program and details on the locations.

WisBusiness.com2010 Governor's Business Plan Contest entry deadline Jan. 31, 5 p.m.

BPClogoThe Wisconsin Governor's Business Plan Contest is an opportunity for high-tech start-ups to gain exposure and compete for a grand prize valued at $50,000. The 2010 competition, produced by the Wisconsin Technology Council along with several partners, is accepting entries now through 5 p.m. on Sunday, Jan. 31. During the six-month competition, contestants will receive mentoring and comments on their business plans from judges. The contest is designed to not only benefit the winner. In the past, finalists have raised $11 million in private equity and some have been acquired after gaining exposure through the contest. For more information on entering or to become a sponsor, watch a video introduction by clicking here or visit www.govsbizplancontest.com.

FindingsTerm sheets, valuations and negotiations

Tim Keane, founder of the Golden Angels Network, recently posted at his blog, Startups and angels: Along the way to success, some advice and thoughts for entrepreneurs negotiating funding rounds.  Tim, a successful entrepreneur and investor, gives insight on what investors are thinking as they negotiate with entrepreneurs.  The post includes a useful spreadsheet designed to help entrepreneurs understand key points to term sheet negotiations.  Follow this link to the post.

WisBusiness.comTech leaders survey results

Technology industry executives who responded to the fourth-quarter WisBusiness.com Tech Leaders Survey continued to temper how they rated the condition of the state's economy - even as they ranked the prospects for their own companies as good. Those same executives weighed in on the national health-care debate through three questions tied to Capitol Hill discussions of how to reform the current system. Nearly 80 (77.9) percent of the executives who responded to the survey said that health care was a big (38.7 percent) or somewhat of a concern (39.2) when they and their company consider hiring new employees. Almost 16 (15.8) percent said health care was not much of a concern when considering new hiring. More than six (6.25) percent said health care wasn't a concern at all when considering hiring new employees.  Read the full results of the poll by following this link.

WisBusiness.comPower of Angel Investing seminar in Milwaukee

The Angel Capital Educational Foundation's Power of Angel Investing seminar will be coming to Milwaukee, WI on Friday, February 26. This well-known event has been presented in most major US cities to high acclaim. The program is designed for accredited investors interested in learning about best practices in angel investing.  This is also a good opportunity for investors to network.  Presented by The Marquette University Golden Angels, the event will be led by Bob Okabe of RPX Group, a well-known leader in angel investing strategies.  Follow this link to more information.

EventsUpcoming Events

WIN-Milwaukee Investors Forecast - Feb. 11, Milwaukee
WIN-Northeast Sec. Dick Leinenkugel  - Feb. 18, Appleton
WIN-Western Wisconsin Innovation Resources - Feb. 24, Eau Claire
Power of Angel Investing - Feb. 26, Milwaukee
In Closing

The Wisconsin Technology Council and Wisconsin Angel Network have suggested an I-Q Corridor investment tax credit. This could be possible if Illinois and Minnesota passed legislation similar to Wisconsin's law, which provides early stage investors in qualified start-ups a 25 percent tax credit. Illinois is currently drafting its legislation while Minnesota's legislation is in committee and appears to be at risk. Read more on the latest in Minnesota by clicking here.  By linking the I-Q Corridor together with a tax credit available for all investors, no matter what state they may reside in, we will attract capital to the region and benefit our economies.

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 Sincerely,
 joe kremer's signature

Joe Kremer, director
Wisconsin Angel Network