Angel Financing: Plan, Present and Negotiate
Entrepreneurs Lon McGowan of iClick and Henry Lin of Chelsey Henry will share their successful Angel financing experience via an in-depth walkthrough of the process from writing their business plan to negotiating terms. You will learn what it was really "all about" and what the investors really wanted to see/hear. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
Topics covered will include:
- Business plan and summary contents
- Finding the Angel(s)
- Presentation and pitch
- Follow-up meetings and process
- Negotiations
- Valuation
- Due diligence
- Term sheets
Speakers
Lon McGowan, CEO, McGowan Technologies Inc & iClick
Lon founded iClick, a personal electronics company that supplies product to the niche market of premiums and promotions. He started the company in 2001 with no outside financing other than fourteen credit cards. In those four years the company managed to survive off cash flow and profits and has only recently raised its first round of outside private capital. iClick employs 8 people in its <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /?>
Seattle office and has launched over 35 products since its inception.
iClick was created to supply popular personal electronic products (such as MP3 Players and Digital Cameras) that are backed by strong customer support, low prices, and stylish design. iClick is the leading supplier of personal electronics to the corporate premiums market and trend-setting retail markets. Their strong focus on corporate premiums has driven iClick to new levels of creativity and flexibility for its customers.
Henry Lin, Co Founder, Chelsey Henry
Fashion accessories and technology may seem like two opposing worlds but, for co-founder Henry Lin, they form a personal and professional continuum. Prior to co-founding Chelsey Henry, Henry spent 15 years sharpening his entrepreneurial and global business skills by starting a venture-backed software company and working for Global 500 companies Accenture and Microsoft. While building his career in technology, Henry was never far from his family business roots in shoe manufacturing. Henry grew up in a very successful family-owned shoe design and manufacturing business in Taiwan, making women's shoes and accessories for large retailers such as JC Penny, Montgomery Wards, Myer, and Naturalizer. With early exposure to global business and manufacturing, Henry realized an opportunity to leverage technology and high-tech product management and global supply chain disciplines in the world of handbag design, manufacturing and distribution.
CHELSEY HENRY was founded in early 2004, Chelsey Henry, Inc. is a life style fashion brand for the modern day on-the-go woman that inspires, validates, and empowers people to prioritize personal growth and life balance over the pressures to make money and achieve recognition. It introduced its first line of functional totes, hand bags and accessories in May 204 and launched the collection in August the same year. Designed for a woman on-the-go, the Chelsey Henry collection is stylish and functional - well thought out with pockets and practical features to simplify a busy woman's life.
