As part of the ongoing commitment to teams from this year’s program we held our second follow-on event at HTR’s Lennox Center on Friday November 22, 2013. The event was attended by Launch 2013 teams, advisor/mentors and the current TEN (The Entrepreneur’s Network) class members.
Mike Riedlinger of HTR encouraged teams to consider applying for the TEN program which teaches operational skills for startups moving past the customer discovery phase. We heard brief updates from the teams at the event and then Mario Fallone of Harter, Secrest & Emory, Attorneys, gave a presentation on business formation, shareholder agreements and options plans.
John Boersma of Adapt Courseware, a successful five year-old tech company based in Rochester, gave a presentation outlining the history of his fundraising process from seed funding to A, B and C rounds of venture funding. He showed how the dilution process worked for them and how the funds were used for rapid growth. He also discussed his use of equity options as a recruiting and motivation tool. It was a frank and entertaining discussion.
We heard from Eric Baller of Energy Wise Partners on their latest developments and from Immense Analytics/SnapEval. Both have made impressive progress with revenue generation and growth.
All Access’s Ron and Toni provided drinks and food from Aladdin’s for the reception following.
A great afternoon with standing room only attendance!