A chapter of OEN.org Oregon Entrepreneurs Network

Submitting to SWAN

Eugene Area Chamber horiz logo

 

SWAN-horiz-colorOne of the Eugene Area Chamber of Commerce’s main organizational goals is Entrepreneurial Development. We recognize that entrepreneurs are the backbone of our economy, and it’s the innovators who take the risks, launch new ideas into market, invest in business growth, create jobs and provide great products and services to our community and beyond. 

Entrepreneurs and innovators who have or need to raise somewhere between $200,000 – $2 million to launch their idea into the market can submit their business plans to the Southern Willamette Angel Network (SWAN). Below are the submission requirements:

Executive Summary Outline (not to exceed 5 pages):

  1. Need in the Market – including an overview of your company
  2. Your Product/Solution – including any information about patents/intellectual property
  3. Your Traction – highlighting the successes you’ve currently attained (i.e. money raised, customers secured, signed Letters of Intent, significant hire, significant media coverage, etc.)
  4. Your Target Market – including your addressable market, and any barriers to entering this market
  5. Your Customer Acquisition Strategy – including any data to back-up your proposed strategy
  6. Your Competition – including your value proposition
  7. Your Revenue Model – including how you will phase your growth over time
  8. Your Financial Projections – including key assumptions and the number of human resources you’ll need to reach these goals.
    • Note: You will also be required to provide your detailed financial projections as an attachment to the Executive Summary
  9. Your Management Team – highlighting successes relevant to this venture

     10. Your Key Advisers – noting if they have any ownership in your company

     11. Your Funding Needs – including your use of these funds

     12. Your Exit Strategy – including any market comparables

 

Investor Pitch Deck Outline (Presentations should take 12-15 minutes to deliver – which gives you around 1 minute per slide; therefore, it’s important to practice you pitch. Investors need to walk away understanding the value proposition of your product):

 

Slide #1:            Title Slide

Slide #2:            The Problem in the Market (tell in story format)

Slide #3:            Your Solution (your product/service)

Slide #4:            Your Business Model (how you’ll make money)

Slide #5:            Your Special Sauce (why you’re product is so unique)

Slide #6:            Your Customer Acquisition Strategy

Slide #7:            Your Competition (best to present in a matrix format)

Slide #8:            Your Team (including key advisers)

Slide #9:            Traction (key milestones you’ve met)

Slide #10:            Your Current Status and Timeline for Growth

Slide #11:            Your Financial Projections (key assumptions)

Slide #12:            Your Funding Needs (including use of funds)

Slide #13:            Your Exit Strategy (highlight comparables where appropriate

 

Process for Submitting to SWAN:

 

  1. E-mail your Executive Summary and Pitch Deck to JJ O’Connell: jjo@eugenechamber.com                                                                                                        
  2. Your submission will be reviewed and you can expect to hear back within 2 weeks after your submission. You will be notified whether or not you’re selected to pitch to SWAN. We will inform you if additional coaching is required, and where possible, we will recommend advisers.
  3. SWAN hosts company pitch meetings once a quarter – and sometimes more frequently (depending on the time of year and the quality of the deal flow). Contact Ben Sappington: bens@eugenechamber.com for more information.
  4. If selected to pitch to SWAN, you will be invited in prior to the SWAN meeting to deliver a dry-run of your slides, and additional coaching will be provided.
  5. Upon delivery of your presentation to SWAN, individual members will decide whether or not they choose to inquire further about your company. The Eugene Area Chamber of Commerce does not have any involvement in the investment decisions.

Best of luck to you in your venture!

 

 

The Biggest Small Business Competitions

Forbes recently came out with an article about “The Biggest Small Business Competitions” across the country. The article gives insight to the 15 biggest university-sponsored events. Granted, some competitions are only open to students and/or alumni of the hosting university, but it’s not the situation for all. Some competitions are even right here in Eugene, like the New Venture Championship at the University of Oregon. Hey, the article even has some tips from our very own Tim Berry, president of Palo Alto Software…which I advise you to pay attention to since he’s a judge at three of the competitions listed. 

Entrepreneurial Literature

After taking Accounting 340 (Entrepreneurial Accounting) this term of the U of O, I have a new found respect for those that work out the financials for start-ups. It’s grueling work. I learned this during my group project for the class; we had to create a company and its financials for the first five years, then do growth and sustainability analyses. This would have been 10 times harder without the two books that guided us through the project : “The Business Owner’s Guide to Achieving Financial Success” by David A. Duryee and “Entrepreneurial Finance” by Steven Rogers

If you’re in a pickle trying to make your projected financial statements work or just need an a little extra help, I strongly recommend these books!

Business Growth Workshop

February 25, 2010
5:00 pmto8:00 pm

Business Growth Workshop 

grow moneyDate/Time: Thursday, Feb 25 | 5-8pm

Location: Moss Adams LLP Training Room | 975 Oak St, 6th flr, Eugene 97401

Fee: $25 if you pre-register ($30 at the door); $20 for Eugene and Corvallis Chamber and SAO members, $15 for students

Includes pizza and beverages

 

Note: Seats limited to the first 60 people who register.

Click here to register

Come join us for an evening of training relevant to any start-up. Whether you’re a start-up company or not, these principals apply to all companies – especially in these tough economic times. We will cover two topics during the evening:


1) Top 10 Business Planning Mistakes: Submitting a Winning Plan to Investors, Banks, Business Partners, etc…

The business plan experts from Palo Alto Software will discuss the top 10 mistakes made in the business planing process. Learn how to avoid these mistakes and create a truly buzz worthy business plan.  The competition is fierce and you owe it to yourself to present the best business plan you can.


2) Accounting: Financial Statements and Forecasting for Growing Companies

Expert accountants from Moss Adams, LLP with knowledge in the emerging-growth business space will be leading this section of the workshop. Accounting is pure overhead and won’t help you increase revenue, but if you spend your resources wisely then your accounting information can help you make decisions and save money. A poor accounting system or lack of financial statements could be detrimental to both your bottom line and your ability to attract funding.


The presentation will focus on how you can make sure you have financial records that will be ready for due diligence by potential investors or helping you secure business loans or partners. We’ll start with your day-to-day accounting and hit the main points all the way through to the 5-yr forecast focusing on cost effective processes for small companies.

Click here to register

Thanks to our great sponsors for supporting entrepreneurship in our community!

TITLE SPONSOR:

endeavorlawlogo

 

 

SUPPORTING SPONSORS:

pas-small

moss-adams-logo

pcb-logo

 

Creating, Manageing an Understanding Start-up Financials

Here are the slides from Dan Vishny’s April 23, 2009 presentation on Start-up Financials…

Start-up Financials, Bootstrapping, WAC

April 23, 2009
5:00 pmto7:30 pm

Four amazing speakers will share their expertise in creating and managing start-up financials, the art of bootstrapping – and what to expect at the May 14th Willamette Angel Conference in Corvallis.

 

Register:   Click here to pre-register ($20, includes food and bev – or $25 at the door)

Location:   The Valley River Inn | map

*** Our Supporting Sponsor – PALO ALTO SOFTWARE – has kindly donated 5 copies of their Business Plan Pro bplan-prosoftware (regularly $199.95 each). Attend this event and you may be one of the lucky 5 to receive a free copy!

Create a winning business plan today (or modify your current plan) with the world’s most popular business plan software, featuring step-by-step instructions, 500+ sample business plans, and more. Business Week says Business Plan Pro is “...one of the best planning tools” available today.

 

 

Speakers:

john-audette_mitosciences_cropped1

John Audette

CEO of MitoSciences

_________________________

chad-barczak_idx_cropped_drk1

Chad Barczak

CEO/co-founder of IDX, Inc.

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nick-fowler_cropped1

Nick Fowler

Managing Partner of Orion Ventures (Corvallis)

_________________________

dan-vishney_cropped1

Dan Vishny

CFO of Arcimoto and Dune Sciences (two local start-ups)

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Thank you to our TITLE SPONSOR:

endeavorlawlogo

 

Thank you to our SUPPORTING SPONSOR:

pas-hig-res-logo