Piranha Pond is produced by the 128 Innovation Capital Group
Copyright 2011, Business Professionals
You've heard of the Shark Tank..... Welcome to the Piranha Pond!
At the Piranha Pond, Entrepreneurs seeking funding have a 5-minute opportunity to convince a panel of Investors to give them the money.

The next Piranha Pond Pitch Party is scheduled for Thursday, June 14, 2012 in Waltham

What is the Piranha Pond? It is a "pitch party" where a select group of entrepreneurs has up to 5 minutes to convince a panel of investors to meet with them to discuss funding their ventures. Using a format similar to the popular television show Shark Tank, our investors provide feedback to the entrepreneurs about their presentations and companies, and information to all about why they decide to be "In" or "Out." If they are "In" they will meet with the Entrepreneur at a later time to discuss their company. If they are "Out" there is no interest at this time. Again, the investor lets us know why they will not move forward with the presenter.

To further help our presenters, we will be having a practice session on Monday, June 11. Details are below.

IMPORTANT: For this event, we are seeking companies with revenue or a working prototype. The ideal company will have raised funds from friends, family, and/or grants such as SBIR's. If the company's product is a software or SAAS product, it should be in beta testing or later.

Application Period is from 5/1/2012 - 6/4/2012. Click here to fill out an application.


Monday, June 11, 2012 - 6:00 pm to 8:00 pm

Piranha Pond Pitch Practice

IBM Innovation Center, 404 Wyman St. (North Entrance), Waltham, MA 02451

Register for this Event

Our goal is to help our entrepreneurs shine when they present to the Investor Panel on 6/14. To help them put their best foot forward, they will have the opportunity to pitch to a panel of consultants who specialize in perfecting pitches. The public is welcome to attend for a sneak preview of Thursday morning's event. The cost of admission is a current business card. There is no additional charge to attend, but registration is requested.


Thursday, June 14, 2012 - 7:30 am to 10:30 am

Piranha Pond Pitch Party

IBM Innovation Center, 404 Wyman St. (North Entrance), Waltham, MA 02451

Register for this Event

Application Period is from 5/1/2012 - 6/4/2012. Click here to fill out an application.

Investor Panel

Glenn Champagne
LaunchPad Venture Group
and DataPoint Ventures

http://www.datapointventures.com/

Glenn Glenn is an active angel investor and serves on the board of directors of Launchpad Venture Group. Over the last 8 years Launchpad has made 30 investments, investing nearly $9M in companies that in turn, have gone on to raise nearly $150MM.

Glenn brings more than 20 years of experience in the software industry focusing in sales and consulting at the likes of then pre-IPO companies Oracle and Business Objects. He was also Director of Technical Services for Eprise Corporation, and a Principle with IBM/Tivoli. Glenn was vice president of sales at Inboxer, which was acquired by SafeCore in May 2009. In 2010 Glenn was a 2nd round judge at the MassChallenge.

Launchpad Venture Group focuses exclusively on companies based in the Boston area.  Launchpad is focused on investments in the technology and life-science spaces and select opportunities in the green space. Launchpad will consider opportunities from other areas if group members have expertise and the opportunity is deemed to have the potential to generate superior returns. Primary sector focuses are software / IT, web and e-commerce, media and social media, mobile and wireless, medical devices, diagnostics, healthcare IT, networking and telecom, clean-tech, renewable energy and green-tech.


David Fogel

Beacon Angels

http://www.beaconangels.com

David Fogel is Managing Director of Swifton CFOs LLC, an outsourced CFO firm that provides emerging businesses with cost-effective and strategic financial leadership. David's expertise lies in constructing a reliable financial framework to attract funding, which is a valuable guide for his clients' continued growth.

As a contributor to the ongoing development of greater Boston's entrepreneurial ecosystem, in the last year alone he has been an active presenter and panelist with MassChallenge, Boston BizSpark, MIT Enterprise Forum, WPI Venture Forum, Harvard Entrepreneurship Conference, Golden Seeds and the CleanTech Open. His firm, Swifton CFOs is a sponsor of The Capital Network, and he is an active member of Beacon Angels.

David is Adjunct Instructor of Finance and Accounting in the MBA program at Worcester Polytechnic Institute and has been a guest lecturer at the Tufts University Gordon Institute. David is also a licensed Certified Public Accountant (CPA). His earnest commitment and collaborative approach has earned David the respect of the business community and a wealth of contacts.

Investment Criteria for Beacon Angels:

  • Foreseeable exit strategy.
  • Competitive barriers to entry.
  • Significant third party buy-in (from customers and/or investors).
  • $3 million or less pre-money valuation.
  • Concise, compelling plan, organized documentation.
  • New England companies preferred.

David Verrill
Hub Angel Investment Group

http://www.hubangels.com/team.html

After receiving his master's degree from Sloan in 1987, he joined MIT's Office of Corporate Relations where he initiated and built the Financial Services sector for the Industrial Liaison Program.  In 1991 he became Associate Director of Corporate Development and helped develop MIT's approach to strategic corporate partnerships which have made MIT unique amongst its peers in corporate fundraising.  David still holds a partial appointment at the MIT Sloan Center for Digital Business.  In 1996 he joined Xerox as Manager of International Sales and Business Development for the Adaptive Products Division.  In 1998 he joined third party marketing firm Winchester International Group as Managing Director.  In 2000 Winchester helped found the Hub Angels.  David sits on the Boards of Intelligent Bio-Systems and Harmony Line.  He is currently Vice-Chair of the Angel Capital Association

You can see what happened on June 9, 2011 by clicking here.

You can see what happened on Novembe 10, 2011 by clicking here.