Ideas for Bootstrapping Your Business

Oct 15, 2010, 09:00 ET from New Enterprise Forum

ANN ARBOR, Mich., Oct. 15 /PRNewswire-USNewswire/ -- "You may have a business idea that can be launched with minimal capital, side-stepping involvement (at least for a while) of outside investors. Come to our next New Enterprise Monthly Forum and hear from our panel about some ideas for getting your venture off the ground and growing to the next stage," say the team at the New Enterprise Forum, a well-established organization serving Michigan entrepreneurs.

NEF's next monthly forum, titled "Bootstrapping Ideas", will be held on October 21, and starts at 5:00pm, with the program beginning at 5:45pm, at the Holiday Inn North Campus, 3600 Plymouth Road, in Ann Arbor.

The participants for this event include:

Anik Ganguly, of GAIN Group, LLC, invests in technology companies in SE Michigan. He was the CEO of a Southfield-based Enterprise Software company that grew to $10M in sales in five years and was sold to Open Text Corporation. As the Executive VP, Products, he was instrumental in the growth of Open Text from $23 million to $415 million in sales over eight years through a combination of acquisitions and organic growth. His portfolio includes companies in digital marketing and enterprise software and he specializes in helping companies bootstrap.

Tim Damschroder, Bodman Longley & Dahling, has worked with hi-tech companies at all stages of development, from start-up to acquisition or sale, and has assisted them through all types of growth transactions, from securing intellectual property to venture capital financing. He represented Accuri Cytometers in several venture-backed equity transactions totaling $27 million over the last several years, with local participating venture firms including Baird Venture Partners, Arboretum Ventures, and Michigan Growth Capital Partners. For more information, visit

Ned Staebler, a recent candidate for State Representative in the Michigan House 53rd District, was previously Vice President of Entrepreneurial and Capital Services at the Michigan Economic Development Corporation. At MEDC he was responsible for the oversight of the Michigan Strategic Fund Board and the Strategic Economic Investment and Commercialization Board. Prior to that position, Ned was an Associate Director at Bear Stearns International Limited in London, England, where he traded proprietary derivative portfolios.

Showcase Presentation: Also on the program is a 10-minute presentation by (Presenter Bill Clark). The Company is entering the International Money Transfer business (think Western Union) and will fill a niche for customers seeking a less expensive method of sending money to their friends and families. The firm's initial target market is the Philippines. The NEF Coaching Team for this presentation included Diane Durance (content lead), Lanny White (lead), Miche Suboski, Tim Streit, Lauren Bigelow, and Ed Clarke.

Business Introductions/Open Forum: The evening's agenda includes hors d'oeuvres, and Open Forum, a segment in which we pass the mic for Business Introductions – attendees have the opportunity to make a concise, 10-second pitch for themselves, their company, product/service, or need.

Meeting location: Holiday Inn North Campus, 3600 Plymouth Road, Ann Arbor. Registration and networking begin at 5:00pm, with the program starting at 5:45pm. Free to NEF members, the cost is $20 for non-members, $5 for students. This month's event is sponsored by NEF stakeholder member, GDI Infotech (

ABOUT NEF: Through its hands-on work with entrepreneurs, NEF has been planting the seeds for Michigan's economic prosperity for over two decades. NEF serves Michigan entrepreneurs by linking them with management expertise, venture partners, business services, capital, and other critical resources. NEF also provides free coaching teams who assist entrepreneurs with investor presentations and business planning in preparation for fundraising meetings. For information, visit

SOURCE New Enterprise Forum