While most startups do the mandatory business and financial plans, they seldom put much effort in a financing plan. How will the company be funded, what are the milestones for each funding round, how will the capitalization table look after each funding round, and who makes what at the exit? The financing plan is a key part of the whole plan and provides the guiding light as to where the entrepreneur should focus his or her efforts in raising money — a task that takes enough time and that time should not be wasted chasing inappropriate investors for the stage of the company.
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ECO Catalytics, an Angels On Campus mentored company, are winning more awards for their technology and products that originated at UC Davis.
International mix of angel and strategic investors provide debt and equity capitalBelow is the press release from Welldog mentioning our recent investment. There is also a short note in the Sacramento Bee.
The Winners George Cimino, PhD, Paul Henderson, PhD, & Chong-Xian Pan, MD, PhD of Accelerated Medical Diagnostics
 Anthony Santamaria, Daniel Misicak, PhD, Tomas Sudnius & John-Paul Farsight of Eco Catalytics Accelerated Medical Diagnostics (AMD) won first place ($10,000) in the competition and Eco Cataltyics (EC) won second place ($3,000), as well as the People’s Choice award ($2,000). The Angels on Campus program has again seen positive results from going onto the UC Davis campus to mentor teams taking ideas and research from the lab into the business world. This time it was the student run Big Bang! Business Plan competition. The finals were held on campus on May 19th and the first, second, and People’s Choice award winners, as well as one of the other five finalists, were all participants in the Angels on Campus program and benefited from the advice, connections, and mentoring received from members of the Sacramento Angels and others non-affiliated Angels. The teams came from two different programs within UC Davis. AMD emerged from Partnerships for Innovation (PFI). Part of the PFI mission is to take technology at the intersection of engineering, life sciences and medicine, create companies, and contribute to our region’s economic growth. AMD are well on their way. What do they do? They have developed a diagnostic test that looks like it can predetermine if a cancer patient will respond to a particular type of chemotherapy, or not. Many people don’t respond to common treatments yet suffer painful, expensive, courses of treatment just to find out. It is estimated that over $2.5 billion is wasted each year on ineffective chemotherapy treatments.
 The Team: Anthony Santamaria, John-Paul Farsight, Tomas Sudnius, and Daniel Misicak This is national competition for students to showcase their best ideas and to help Walmart learn from some of the brightest minds in the world. The competition challenges students to invent sustainable products or develop sustainable business solutions and present them to a panel of Walmart executives, suppliers, and environmental organizations. WellDog is a privatel Emerging Asian economies need energy and Asian energy exporters are struggling to meet demand. Coal based resources, including gas, are contributing but they need new technologies to meet demand responsibly and quickly, exactly the niche WellDog has found with its exploration services.  Welldog Raman Tool Going Downhole The Sacramento Angels participated in the funding of Santa Monica based Vokle together with the Sierra Angels. The Tech Coast Angels of Southern California led the deal which closed this month.
PatientSafe Solutions Named One of the Wall Street Journal’s Top 50 Venture Capital Backed CompaniesWe were investors in portfolio company, Patientsafe Solutions, in 2004. They were just ranked #18 in the Wall Street Journal’s second annual Next Big Thing list of the 50 U.S. venture capital backed companies with the greatest promise to succeed. These are start-ups with potential for technological breakthroughs in health care, mobile communications and business software. To be eligible for consideration, companies must have received an venture capital / equity round of financing in the past three years and be valued at less than $1 billion, as the aim is to identify lesser-known contenders.
The Back Story
The $4.5M Venture Capital like Series A raise by Glue Networks has received local press, and been press released on the web. But there is another story behind this, one that involves deal sourcing, the power of angel collaboration and the ability of angels to put sophisticated deals together. So here it is. As a group we always see more companies looking for investment than we can possibly invest in. However, all companies that present to us, and in many cases those that apply to us, get feedback on their businesses. We like to think it is part of added value of our group. It is not often, however, that a company we decline to invest in after a presentation gives us some positive feedback. But that happened this fall. Here is what the entrepreneur wrote to us the day after the presentation: “I can not thank you enough for last night. |
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