Enterprise Center's new program has real teeth for entrepreneurs seeking funding
SALEM, Mass., Jan. 31, 2012 /PRNewswire-USNewswire/ -- If you're serious about getting venture capital to fund your business, come brave the waters of the Piranha Pond. Or come and watch. The newest program at the Enterprise Center at Salem State University will take place on Thursday, February 16th, 7:30 to 10:00 AM. Offered as part of the 128 Venture North Breakfast Series,Piranha Pond promises to be an exciting morning.
At the Piranha Pond breakfast, selected entrepreneurs will have five minutes to present their business and convince a panel of investors to consider putting money into their venture. In a format similar to the television show "Shark Tank," investors will provide feedback, as well as a decision to be "In" or "Out." If they are "In," the investor agrees to meet with the entrepreneur and discuss their company or refer them to an investor colleague who may have an interest. If they are "Out," they signal no investment interest, but the presenter has received valuable business feedback.
Companies wishing to present must apply by Wednesday, February 8, 2012. Presenter guidelines and application forms can be found on both the Piranha Pond website (www.piranhapond.com) and the Enterprise Center website (www.enterprisectr.org). It's not a promise of money, but anyone looking for funding knows how hard it is to get the ear of investors, which makes Piranha Pond an excellent opportunity.
The Piranha Pond investor panel will be made up of individual angel and venture capital investors. It includes Rick Blume, Excel Venture Management; Jeff Potter, Esker Capital; Robert Jevon, Boston Millennia Partners; Bill McCullen, Launch Capital Ventures; and Richard Noyes, Beacon Angels. More information about the panel is on the above websites.
Developed by the 128 Innovation Capital Group, which partners with the Enterprise Center, Piranha Pond pitch parties have proved to be popular events. At the first event, 10 of the 12 companies presenting had the opportunity for a follow-up meeting. This is the first time Piranha Pond will be offered on the North Shore.
The event is open to the public. Applicants, interested entrepreneurs and management candidates pay $25; all others pay $35.
The Enterprise Center at Salem State University arms business owners at every stage of business development with the knowledge and skills to grow profits and succeed. The Enterprise Center is located at 121 Loring Avenue, Salem, MA 01970. Phone 978-542-7528, www.enterprisectr.org.
SOURCE Enterprise Center at Salem State University