Monday, March 31, 2014

They call me @VentureWell



They call me VentureWell ... yes, NCIIA is changing its name and the VentureWell program that I run is now the name of the whole organization.

Saturday, March 29, 2014

A flow-chart to make the 506 investment rules easier to understand

There's a been a lot of confusion in the startup community about the changes in securities laws commonly referred to as "Rule 506". Basically, on September 23, 2013, the United States SEC issued new rules governing the public disclosure rules under which private companies can raise money from investors. There's been a lot written about those rules but I haven't found any simple guidelines that are comprehensible at a glance. Therefore, I developed the following flow-chart. Note that of course I'm not an attorney and you should definitely consult one if you plan on raising equity funds for your startup. A large majority of high growth potential startups will be raising funds under 506 and the following should give you some working knowledge as to the issues to consider. Comments and corrections welcome!


Picture is linked to a full screen PDF

Saturday, March 15, 2014

Village Capital VentureWell Health Boston

Excited that we're launching Village Capital VentureWell on May 18, 2014 in Cambridge and Boston ... but we've got to find 15 great health ventures interested in collaborating as a cohort to move their ventures forward!

This will be the third time I've worked with Village Capital to deliver a program for entrepreneurs based on their peer selection model. Very simply, at the end of the program entrepreneurs in the cohort choose which of the companies best merits investment. Two companies will get $50k each in equity investment, half from Village Capital and the other half from VentureWell. The program takes place of three intensive four-day sessions, in May, July and September.

Often the first question I get is, "Isn't that like Survivor?" It's not. Although there certainly some tension around the voting process, otherwise we produce a collaborative environment for all the companies participating. No start-up is covering every base and most have something to offer the other teams. For example, one team may be highly knowledgeable about medical reimbursement but need engineering help. Another team may be in the opposite situation.

We're looking for companies with innovative medical devices (Class I, II), diagnostic technologies and health IT platforms. We are especially interested in enterprises that have B2B business models and address a problem, disease or medical condition that disproportionately affects rural or low-income Americans or others currently underserved by the U.S. healthcare system.

Applications close April 7. Take a look at www.vilcapventurewell.org and click the link over to the application on the Village Capital website.

Monday, March 03, 2014

@Lupita_Nyongo made me cry



I haven't posted in a while but this one is worth it. Lupita made me cry. Can I be allowed a little pride by association, having gone to the same college as her?