Michigan Angel Summit
AGENDA

11:00 a.m. Registration and Networking Opens

12:00 p.m. Lunch and Keynote Speaker

Faz Bashi, Life Science Angels

1:00 P.m. Panel Discussion – Due Diligence

Moderator:  Tim Parker
Panelists:  Faz Bashi, Carolyn Cassin, and Stewart Nelson

Topics Include:

  • Accelerators, studios, and co-working spaces

  • University tech transfer offices

  • Customer calls

  • Technology review

  • Market review

  • Background checks

  • Diligence with a group

  • Confidentiality and NDAs

 2:15 p.m. Break

 2:30 p.m. Panel Discussion – Angel Financing

Moderator:  Ken Kousky
Panelists:  Tom Kinnear, Erik Schumacher, and Ryan Waddington

Topics Include:

  • Convertible debt vs. equity investment
    – Dividends, interest, warrants, discounts
    – Protective provisions

  • SAFE Notes

  • LLC vs. C-Corp

  • Determining valuation

  • When you’re not the lead investor

  • Working with VCs, selecting VC lead

  • Ways to exit

3:45 p.m. Break

4:00 p.m. Panel Discussion – Post-Investment Features of Success

Moderator: Ted Dacko
Panelists: Jack Ball, Patti Glaza, and Hanan Lis

  Topics Include:

  • Boards
    – D&O insurance amount
    – Strategy
    – Responsibilities

  • Successful teams: talent and culture

  • Interaction with the CEO

  • Follow-on investments

  • Stock options benefits and compensation pitfalls

  • Communication with investors

  • Leveraging investor strengths 

5:15 p.m. Break

5:30 – 7:00 p.m. Dinner and Two Company Pitches

  • CertifID
    –     Pitch
    – Q&A
    – Critique

  • Shoptelligence
    –     Pitch
    – Q&A
    – Critique
     

    Pitch order to be determined.

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