Wouldn’t you love to escape your 9‐to‐5 job and live your dream?
You have an amazing idea for a company and you can’t wait to get it off the back burner … if only you had the resources to make it real. Or, you may already have a company, but it will take money to bring it to the next level.
At 6 p.m. Tuesday, April 5, entrepreneurs from Los Alamos and the surrounding areas are invited to the Startup Flight PitchFest and Happy Hour at Unquarked the Wine Room in Central Park Square in downtown Los Alamos.
The Startup Flight Pitch Fest and Happy Hour is a celebration of entrepreneurship where everyone will network and meet venture capitalist Paul Singh, as well as several investors. It’s part of Singh’s 2016 Results Junkies Tech Tour.
A rare opportunity to secure funding for your company
Singh is travelling across the country in his custom Airstream trailer in order to meet entrepreneurs, and along the way he plans to invest in at least 20 companies. His investments typically range from $50,000 to $250,000. In addition, he will be inviting other investors who can also provide enough funding to bring a business to the next level.
Would this help you? Of course it would!
“This is a great opportunity for entrepreneurs,” said Nik Seet, one of the hosts for the New Mexico leg of the Tech Tour, who will be hosting a “Getting Your Company Financed” information session on March 17.
The Startup Flight PitchFest will open at 6 p.m. with a keynote speech from Singh about entrepreneurship. Entrepreneurs will pitch ideas 6:30-7 p.m.
There are a limited number of slots available for entrepreneurs to present a 90‐second elevator pitch, or to have private office hours with these investors. In order to be considered, contact Nik Seet at firstname.lastname@example.org.
Singh generally invests in companies that follow this criteria:
- The product solves a problem for a specific target customer;
- The business is capital‐efficient, and can be operational with less than $1 million in funding;
- Primarily Internet based distribution;
- Has a simple revenue model, such as transactions or subscriptions;
- There is a functional prototype before the investment, or demonstrated success;
- Small (but measurable) usage. Some customers or early revenue; and
- Small but cross‐functional team.
Here’s where to get crafting a pitch that will get results. Seet will host an information session to help all the prospective entrepreneurs prepare their pitches and proposals. The information session is noon to 4 p.m. Thursday, March 17, at Time Out Pizza on Central In Los Alamos.
During the first half of the information session, you will learn how to craft an engaging pitch that will get results. During the second half, starting at 2 p.m., Singh will join us through a video conference call to deliver a short talk called “Getting Your Company Financed” followed by a discussion.
The information session is designed to give you all the information and tools you need to succeed at the April 5 pitchfest, as well as provide a valuable skill that can be applied to all areas of business.
“This is a dry run of the main event,” Seet said. Seet teaches entrepreneurial classes at UNM‐LA, including his “Financing the Entrepreneurial Enterprise” course. Many of his students have won pitch contests, secured funding and launched businesses.
“If you’re applying for a grant from VAF, this will be extremely helpful,” Seet said. “If you are applying for any type of funding for your business concept, this will help.”
If you can’t make it to the information session, it will be recorded. Seet will provide free pizza. Visit https://nvite.com/RJTechTour/mjr79q to register for the entrepreneurship events scheduled in Los Alamos, Santa Fe, Taos and Albuquerque during the 2016 Results Junkies Tech Tour.