Here are the Investor speakers from our Sold-Out Angel Investors & Seed VC in New York, sponsored by Morrison & Foerster. This event was in NYC on Thursday, October 20, 2005.
Howard Lee Morgan is President of Arca Group Inc. in Villanova, PA, a Director of Idealab the Pasadena, CA based creator and operator of internet companies, where was a founding investor in 1996 and served as President of idealab! New York, a partner with First Round Capital, and a member of the New York Angels. He received a Ph.D. in Operations Research from Cornell University in 1968, and a B.S. in physics from City College of the City University of New York in 1965. He is helping to nurture a number of Idealab companies, including CarsDirect.com, the leading internet seller of automobiles, Partsearch, providing back end solutions for finding parts in the electronics field, Evolution Robotics, Enery Innovations, Newbury Networks and Picasa, Inc., offering digital photography acessing and sharing solutions.
|Sandy Nemitz, Angel Investor
Sandy Nemitz is a management, administrative and financial professional with over 35 years executive experience ranging from startup companies to Fortune 100 corporations. He is known professionally for his ability to work with startup companies and bring them to profitability in the shortest possible time. Sandy has worked internationally in Europe, the United States and the Caribbean as an officer, strategic business consultant, Director and trustee to these companies. He was a Co-founder of an independent oil company, now carrying a billion plus market cap. There he served as Vice President, Director and Corporate Secretary. He has raised over $500 million for various projectcs. Presently, he is a Director and consultant to various start up and second stage companies. He graduated from, currently holds and has held many Alumni Council posts at Princeton University. He has served President's Reagan, Bush, Clinton and Bush on the White House Commission on Presidential Scholars, is a three- time past- President of the Bucks County Boy Scouts Council, past president of the Doylestown, Pennsylvania Rotary where he was a double Paul Harris Fellow. He is an honorably discharged veteran of the Korean War and a recipient of the coveted Silver Beaver and Silver Antelope Awards of the Boy Scouts of America and was recognized for his work on behalf of the Presidential Scholars Foundation with the Lyndon Johnson Award. He is presently a member of the Board of the Northeast Region for the Boy Scouts of America where he serves as Endowment Chairman. He has also served on the committee for the Celebration of the 100th Anniversary of the Graduate College of Princeton University. He is the current Treasurer of the Princeton Class of 1954 and the Presidential Scholars Foundation that he co-founded. Mr. Nemitz was also statewide treasurer for the Ford-Dole and Reagan-Bush Campaigns where he was responsible for the spending and accounting for Federal Election funds. He was also an advisor to the Board of Builders Investment Group, a real estate Investment Trust, which owned and managed various commercial and residential real estate properties domestically and in Puerto Rico. He also serves as financial advisor to one of the nation's Fortune 100 families. In aggregate, Mr. Nemitz has had Profit and Loss responsibility for over a billion dollars of investment funds.
Ellen Sandles, President, brings over ten years of increasingly successful sales and marketing expertise to the capital raising process having worked within various start-up, high-tech divisions of AT&T Corporation, Harris Corporation and Commerce Clearing House.
Ms. Sandles has frequently lectured on Business Angel Financing, and was most recently heard at the Harvard Club, the New York City Venture Capital Conference, the Williams Club, the NYU Entrepreneurship Conference as well as the IBC Conference on Roll-ups and Mergers. She has been interviewed on numerous business programs including New Jersey Business News, the Ron Thomas Entrepreneur Forum and Bloomberg Small Business.
Mr. Starr is the Executive Director and Founder of the Mid-Atlantic Angel Group Fund, I L.P. (MAG), the largest angel group and first structured angel fund in the Mid-Atlantic region. The MAG Fund has over $4.4 million under management and includes 89 institutional and individual accredited investors Mr. Starr is responsible for all aspects of administration and operations of the Fund and is the primary contact for both entrepreneurs and the funding community for the fund's membership.
Most recently, he was the Managing Director and Vice President of Investments at Innovation Philadelphia, where he was responsible for all of the company's investment programs. His responsibilities include executing economic stimulus investments, attracting new companies to the region, evaluating potential investment opportunities, performing due diligence, negotiating and structuring investments, and working with portfolio company management teams to execute their strategies. Previously, Mr. Starr was also a Principal of Lenfest Capital, LLC, a venture capital fund based in Philadelphia, PA that invests nationally in early stage companies in the media, cable and communications industries as well as in other venture capital and buyout funds. Prior to joining Lenfest Capital, he was an Associate at the Eastern Technology Fund, a venture fund for promising seed-stage Internet and technology companies in the Mid-Atlantic region and a feeder fund to PA Early Stage, an affiliated private equity fund of Safeguard Scientifics (NYSE:SFE).
For the last eight years, Hugh has focused exclusively on early stage investments in the greater TriState venture market as both a VC and an Angel. Recent investments have included Critical Mention, Email Data Source and Viddler. Before founding ITJ Ventures, Hugh was a Principal at Greenhill SAVP, a Managing Director of Spencer Trask, and a Vice President of Deutsche Bank. At Deutsche Bank, he was frequently responsible for purchase decisions regarding new technology, and the testing of custom software such as the Private Bank's first internet service. Hugh Is a graduate of Stanford University and the Harvard Business School.
|Tim Reese, Founding Member, Minority Angel Investor Network
Mr. Reese has eighteen years of combined technical, operations, and start-up experiences as the principal executive with P&L responsibilities. As principal executive he is a founder of Minority Angel Investor Network; investor, President & COO of Xcelis Communications, LLC; strategist, share holder, and Board Advisor of Netilla Networks, Inc. His prior companies include founder and principal owner of The Standing Stone Group, LLC which was sold to Visalign, LLC in 2000; senior executive and strategist of Planning Technologies, Inc. which was sold to Red Hat, Inc. in 2001; founder and principal executive of InfoTech Services, Inc. which was merged in a two-way deal with Correctional Healthcare Solutions, Inc. and Planning Technologies, Inc. in 1997.
Mr. Reese has been an investor and an advisor to investment firms for the last 5 years on the both the East Coast and West Coast of the US.
Morgan is a Managing Partner of the firm and brings over 15 years of experience with information technology companies as an investor, investment banker and finance executive. He focuses primarily on investments in application and infrastructure software, with an emphasis on security, data management and data integration.
Morgan currently serves on the Board, or is a Board observer, of Actional, Gamma Technologies, Immunix (acquired by Novell), Saqqara, and Siperian. Prior investments and Board seats include NetSec (acquired by MCI), Security Focus (acquired by Symantec) and Sanera Systems (acquired by McData).
Alan Kelley joined Milestone in March 2005. He has more than ten years of investment experience, including five years as an Internet and technology mutual fund manager. Mr. Kelley’s expertise and focus on the Internet, e-commerce, new media, applied technology and financial services has enhanced Milestone’s ability to target promising companies in rapidly growing markets. Mr. Kelley served as an investment portfolio manager for SunTrust Banks from 1995 to 2004, primarily at its Trusco institutional asset management subsidiary. In 1998 Mr. Kelley conceived, designed and developed Trusco’s first Internet mutual fund, the STI Classic E-Commerce Opportunity Fund. From the time the E-Commerce Opportunity Fund was launched in 1999 until its name was changed in 2001, the fund was the number one performing Internet mutual fund in the nation. Prior to joining SunTrust, Mr. Kelley was a Program Director for Hands On Atlanta, where he helped to create an innovative program to fund inner-city developments. He was also a Project Manager for The Landmarks Group in Berlin, Germany, where he worked with a five-member team in developing a $50 million real estate project.
Liz is a Partner at Fox Rothschild LLP, a national law firm with approximately 800 attorneys in 22 offices coast to coast. She is co-chair of the firm’s National Emerging Companies & Venture Capital Practice and co-chair of the firm’s Franchising, Licensing and Distribution Practice. Liz focuses her practice on a wide variety of corporate work, with an emphasis on the representation of fast-growth, venture-backed companies and businesses that wish to expand through franchising. She earned her J.D. from the University of Chicago Law School and her B.A., cum laude, from Yale College.
Liz is also Managing Director and Co-Founder of Delaware Crossing Investor Group, an angel investor network with chapters in Pennsylvania and New Jersey. In this capacity, she has been investing and advising start-up companies in the PA, NJ, NY, CT and DE region for over a decade. She is also a frequent speaker and writer, especially on issues facing emerging businesses, franchised businesses and women-led businesses and serves on numerous committees and organizations in the venture capital and franchise arena.
Liz has four children and resides in Bedminster, PA.
Robert (Bob) Gailus is an experienced venture investor and advisor. He was a founding member in 1983 of Schroder Ventures / U.S., the venture affiliate of Schroders, the London merchant bank. During the 1983-1993 time period, Mr. Gailus was one of four partners, initially in Silicon Valley and then New York City that managed $92 million and made 53 venture investments. Eight of the 22 IT investments and 10 of the 13 bio/healthcare companies became publicly traded companies (including Opcom/VMX (original voicemail patents) which merged in Octel and was acquired by Lucent for $1.3Bin stock; and Stratacom which commercialized fast-packet switching and was acquired by CICSO for $3B in stock). In 1994 Bob founded Software Technology Venture Partners (“STVP”) in New York City to invest in and advise IT companies in the Boston to NYC corridor, and in 2000 Bob joined with Bob Levenson, a successful entrepreneur and Fortune 500 operating executive (ADP, Medco and First Data Corp.), and formed LENOX Capital Group, L.L.C., to invest in early-stage IT technology and service companies. Since 1994, he has invested in 14 early-stage ventures. Five of the companies (DynamicWeb, VIE Systems, Epicon, ServiceSoft and SolidWorks) have become public through acquisition, and a sixth has filed its registration for an IPO. Robert, a former member of the New York Angels, has been the Venture Advisor to OgdenCAP in New York City since 2007.
"FundingPost has been a great source of early-stage investment opportunities! The companies that showcase through FundingPost cover a wide range of addressable markets, technologies and services, often from areas of the country that we do not have time to cover."
- Bob Gailus, New York Angels
|Moderator: Michael Hagan, Partner, Morrison & Foerster
Michael J. Hagan is a partner in the Corporate group in the New York office of Morrison & Foerster LLP. His practice focuses on mergers & acquisitions, strategic alliances, corporate transactions, securities offerings and project finance. Mr. Hagan advises U.S., European, Latin American and Asian companies on their investment activities in the U.S., including stock and asset acquisitions, joint ventures and corporate reorganizations. Mr. Hagan represents domestic and foreign issuers and advises on public and private capital formation involving offerings of debt and equity securities. He also represents major private and multilateral financial institutions in project financing transactions in emerging markets. His clients come from a wide variety of industries, including commercial and investment banking, manufacturing, construction, pharmaceuticals, consumer goods, information technology and telecommunications.
Prior to joining Morrison & Foerster, Mr. Hagan practiced at the law firm of Coudert Brothers, where he worked in their New York, London and Hong Kong offices. He established Coudert’s Vietnam office in 1994, one of the first U.S. law firm outposts there.
Mr. Hagan is a member of the Association of the Bar of the City of New York, the American Society of International Law and the Brazilian-American Chamber of Commerce.
Mr. Hagan received his J.D., cum laude, from Georgetown University Law Center in 1982 and his B.A., with honors, from Providence College in 1972. He is admitted to practice law in the State of New York.
Moderator: John Hempill, Partner, Morrison & Foerster
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