The Dallas Entrepreneur Network (DEN) with MobileMonday Dallas will be hosting a Mobile Funding Forum on March 7th, 2011 that will include pitch presentations in front of a panel of investors that are seeking to fund life mobile companies. The event will be held at the Nokia Irving building in Room 121.
The program will focus on pitches from Mobile entrepreneurs in the Norh Texas region. DEN has assembled a panel of investors from around the state who will join other local investor groups to hear pitches. The panel will hear 5-10 deals, and each company will have 10 minutes to deliver their pitch.
Jan 10--Meet the Investor @ Nokia Irving
Jan 31--Deadline to submit an application
Feb 14--Finalists announced
Feb 21--Run through for presenters @ Nokia Irving
March 7-- Funding Forum @ Nokia Irving
To apply, click the link below.
https://angelsoft.net/angel-group/austin-angel-network/apply
What is Angel/VC investing
Angels are high net-worth individuals and venture capitalists seek to deploy funds in growth businesses in the hopes of a generating a return. Angels and VCs seek deals with strong management teams, a working product, and a large target market with attractive growth rates.
Who Should Apply?
Entrepreneurs who have developed a product/service and are in the market or about to go to market should consider applying. Those with seed stage concepts are typically too early for this type of funding.
Importance of pitching
Entrepreneurs need to be able to pitch deals effectively since they will have only 10 minutes or less to communicate the value of their business opportunity. For a 10 minute pitch, 10-15 slides are generally used. The pitch must focus not only on the product/service but also on the business itself including the management team, target market, competitive analysis, and how the funds will be used.
$250 to submit an application.
What you get for the application fee?
Texas Entrepreneur Networks assists your company with:
--Introduction to angel investing
--Feedback on your executive summary
--Live coaching on your pitch
--Pitch to investors--if selected
--Introduction to angel groups where appropriate
--Followup meeting with interested investors
In short, the entrepreneur gets feedback, the opportunity to network with investors, and potentially get funding.
What is the track record of funding forums?
Typically 50% of those who pitch go on to receive funding from angel and venture capital investors.
Useful links:
http://dallasentrepreneurnetwork.org/
http://austinentrepreneurnetwork.org/
