MIDLAND ? Learn advanced angel investing Sept. 11 at the Mid Michigan Innovation Center from a couple of pros, Ken Kousky, President of BlueWater Angels, and Lindsay Aspegren, Co-Founder, North Coast Technology Investors.

Both will be on a panel that will discuss how to be an angel with the new terms, handle the transaction, do the due diligence, don’t be overwhelmed. Also on the panel is Mike Sauer, Attorney at Braun Kindrick and Brian Brennaman, CEO Altus Brands.

Agenda:

9:00 Introduction. How Wall Street fails Main Street and what we can do about it.

9:30 Term sheet Basics:

Investments begin with a “meeting of the minds” – a basic agreement on the terms of the investments. Discover standard terms sheets and when and why changes to this document make sense for the investor and entrepreneur. Understanding best practices as well as current issues with angel investments can help both entrepreneurs and investors be more successful.

11:00 Testing the Risk:

While it’s easy to establish terms if the company seeking investment provides you with valid information, verifying the information is a complex and time consuming undertaking. Evidence shows the best angel investments might be based on a hunch or intuition, but they are supported by over 69 hours, on average, of serious investigation and verification of the facts. Most investments depend heavily on projections. Behind these projections are critical assumptions. Good diligence stress-tests these assumptions.

1:00 Luncheon Panel Discussion:

In a dynamic market, there are lots fresh insights gained daily. Hear from some of Michigan’s leading players in angel and private equity investing.

2:00 Transaction Execution:

“Just do it!” After the diligence, investors typically call in the lawyers and ask them to “get it done”. Usually investors assume it will take two days at this point but typically it takes four weeks! Too often fundamental issues arise when the final language is drafted. It’s vital that the entrepreneur and the investors understand the language to which they commit.

3:00 Reporting-Now we’re in what do we do? Congrats! We now have a portfolio company. What should investors expect? What should the portfolio company report back to the investors? There is an ongoing relationship between the portfolio company and the investors. Both wish to maximize growth. What happens if the portfolio company needs more money? What exit options are there?

To register, click on MMIC.US