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We’re excited to
announce that David Castor will be partnering with Tinderbox to
present a webinar next week, How the E-Sign Act Benefits
Your Business. The E-Sign act was signed into law in 2000.
This act allows more business to be conducted digitally. It also
provided an opportunity for businesses to enhance their transaction
experiences. David will present the E-Sign act and talk about the
ways that it can impact your business transactions to be digitally
streamlined and more efficient. To...
How do you make traditional phone service and client/relationship management software not only extremely affordable but also innovative and fun? Give it to a couple of Purdue student “geeks” and turn them loose on the business world.
Since 2007, Cameron Weeks and his business partner Bracken Fields have been building a better phone system, and out of it, a phenomenal young company. In 2011, they grew their team to support the new client base they were reaching and at the same time developed...
Read More »This year's TechPoint Summit was filled with inspiring stories, new
ways to innovate and many developers reaching out with their
product and to others products as well. One positive side that
has arisen in response to the down turn of our economy is
the strong urge for new development and innovation within
the world of Technology. The drive and excitement needed
to fuel this was filling the air
during The TechPoint Summit and events leading up
to it! When
speaking to innovators, developers and...Read More »
To help start the holiday season JabuAfrica is having a
benefit event on November 21st, 2011. Triton Brew Company has
graciously taken the role as the event's host. Over the past
year JabuAfrica has grown immensely. This organization was
first inspired by adding the joy of children into the family
of Dave and Sarah Castor and then desiring to share this joy with
many others. For them the journey has not stopped with
the adoption of their three sons. JabuAfrica is formed
as a way for the...
Initially, I will state for the record the apologies of your
friendly, neighborhood Indiana Technology Lawyer for not posting a
blog in a while. I know that you, my loyal readers, have been
waiting with bated breath in the hope that I would again grace
cyberspace with my knowledge and wit. And, alas, I have
failed to deliver. In my defense, this little technology law
firm has been experiencing exponential growth and prosperity, which
has dictated more work for yours truly. But, that is...Read More »
When considering entering into a partnership or making a private
investment in an early stage company, beware of the “idea
guy”. This is a title sometimes used by entrepreneurial
minded individuals who don’t contribute to the growth of the
company through development, sales or management but develop
concepts (ideas) for products or services for some market
opportunity.
From my experience, idea guys often have little ability to manage cash flow or people. Without the proper partners in...Read More »
From my experience, idea guys often have little ability to manage cash flow or people. Without the proper partners in...Read More »
The Grand Opening of Triton Brewing
Company took place over Labor Day Weekend,
2011. Triton offers many favorite beers from
the Midwest including a unique blend of their very own
brewed beers.
Triton beers that are offered: Four Barrel Brown, Deadeye Stout, Rail Splitter IPA, Field House Wheat, and Magnificent Amber.
To brew their beer, Triton uses reverse osmosis filtration. They build their own water "recipes" to ensure perfect calibration in all of their beers.
Triton beers that are offered: Four Barrel Brown, Deadeye Stout, Rail Splitter IPA, Field House Wheat, and Magnificent Amber.
To brew their beer, Triton uses reverse osmosis filtration. They build their own water "recipes" to ensure perfect calibration in all of their beers.
Triton Brewing Company is a...
As stated in Part 2 of
this series, a business’ capital strategy is both
directed by the market strategy and leadership
team required to carry out the strategy as well as
directing to the market strategy and team. A
solid capital strategy is based on understanding where you are and
where you need to go.
The first step in developing a capital strategy is to know your revenue projections. If you had the money and team you need, what can you sell and when? In developing a market strategy the...Read More »
The first step in developing a capital strategy is to know your revenue projections. If you had the money and team you need, what can you sell and when? In developing a market strategy the...Read More »
In the matrix of developing a good business model a business will
have:
Most entrepreneurs are good at spotting a market opportunity but are weak in developing the opportunity into a market strategy, leadership (developing the correct team) and capital strategy, yet each is pivotal in business...Read More »
- A well developed market strategy;
- The correct leadership team to carry out the market strategy; and
- A capital strategy capable of funding the market strategy and team through growth.
Most entrepreneurs are good at spotting a market opportunity but are weak in developing the opportunity into a market strategy, leadership (developing the correct team) and capital strategy, yet each is pivotal in business...Read More »
Over the last three weeks I have visited the west coast twice and
Toronto once to help clients work through funding rounds and
strategic acquisitions. I also visited with two angel
investment groups which I work with. The primary purpose of
each trip was to help clients develop and realize their capital
strategy for growth. While most of these entrepreneur clients
are in technology fields, others include a tax planning firm and a
Bollywood project out of Toronto.
It does not matter what world...Read More »
It does not matter what world...Read More »
Techpoint Innvovation Summit is coming up fast! Our very own David Castor is bringing his friend and mentor, Peter Ashkin to this year's summit.
This will be a day of innovation, presentations and entrepeneurship, as well as live interviews! David will be conducting an interview with Peter Ashkin live onstage.
Througout the day there will be speakers such as: Peter Ashkin, Randi Zuckerberg, Michael Stelzner, Jody Thompson and others.
Innovation Summit will take place November 8th, 2011 at the...
One of our
very own, Eric Davis, is being nationally recognized for his
success in the October issue of The ABA
Journal. Eric has long been a leader in entrepreneurial
expertise and business law, and is a strong exterior source
contributing to our firm, Alerding Castor Hewitt, LLP. The
article discusses about how Eric jump-started his career and
the many roads on which it has taken him. In the
article, Eric considers himself a "hybrid" because he does not
necessarily fit in just one firm....
The following is a guest post by a fellow Gravity Ventures member and
friend, Dr. Tony Ratliff:
Learning to Pitch Before You Start Raising Capital
By Dr. Tony Ratliff
It only took about six months of deal flow and a handful of “pitches” before I realized that most entrepreneurs are really, really bad at “selling themselves” and “pitching” their ideas and companies to investors.
I cringe every time I listen to a great start-up idea or read a well-written business plan, and then watch in horror as...Read More »
Learning to Pitch Before You Start Raising Capital
By Dr. Tony Ratliff
It only took about six months of deal flow and a handful of “pitches” before I realized that most entrepreneurs are really, really bad at “selling themselves” and “pitching” their ideas and companies to investors.
I cringe every time I listen to a great start-up idea or read a well-written business plan, and then watch in horror as...Read More »
I don't often re-post articles in full glory, but I couldn't resist
with this one. This is a great article from the OMMA (a
magazine of online media, marketing & advertising).
There are some great quotes from quite a few movers and
shakers in the Indiana technology area. As a technology legal
counsel located in Indianapolis, it warms my heart to see this kind
of great press for the area. Personally, I think all
technology firms should move or open offices here.
Big hat-tip to Jay Baer for...Read More »
Big hat-tip to Jay Baer for...Read More »
With genetic engineering becoming a hot topic in the news since the cloning of Dolly the sheep, we acknowledged how ecstatic we are to have partner Brian Hewitt at the firm for the past two years and honored him with a personal clone. Brian’s “clone” does not hold the common clone characteristics of life, but it was just what the office needed, a bobble head version of Brian himself. We have been extremely fortunate to have Brian’s addition to the firm over the last two years and he has...
Read More »Once again, Alerding Castor Hewitt sent at team to participate in
the O'Reilly's Irish Bar &
Restaurant golf scramble, benefitting The Alliance for
Responsible Pet Ownership.
On Monday, June 20th, Team ACH assembled a crack team of two litigators, the client relations manager, and our Butler intern - who just happens to also be on the Butler Women's Golf Team - for an fantastic day out of the business law office and onto the links.
Maribeth, Meg, Scott, and Chris
Ready to get our Rory McIlroy...Read More »
On Monday, June 20th, Team ACH assembled a crack team of two litigators, the client relations manager, and our Butler intern - who just happens to also be on the Butler Women's Golf Team - for an fantastic day out of the business law office and onto the links.
Maribeth, Meg, Scott, and Chris
Ready to get our Rory McIlroy...Read More »
Following the launch party on June 2nd, JabuAfrica has instilled their mission, spirit, and passion in the community. The mission of the nonprofit organization is to provide financial and emotional aid to orphans and families who run orphanages throughout Africa. JabuAfrica came together during the adoption process of Dave Castor, managing partner at Alerding Castor Hewitt, and his wife Sarah.
The Castor Family came together over the course of several...
Read More »Determining a valuation for a pre-revenue company is a difficult
process. A Harvard VC formula does not make sense at this
stage as available P/E ratios essentially compare apples to
oranges, cash flow projections are too untrustworthy to use a DCF
method, and there is no such thing as a true market comp.
Investors must rely on qualitative factors in connection to
valuation formulas to determine how much they think the thing is
worth. Some qualitative factors include:
• Is the...
Read More »"A champion is someone who is ready when the gong rings - not just
before, not just after - but when it rings."
-Jack Dempsey
Tooting your own horn, ringing your own bell...We've decided to bang our own gong.
Welcome the newest fixture to the Alerding Castor Hewitt office, the official New Client/Wrapped Mediation Gong.
The litigation and transaction teams didn't have a celebration worthy of new business, so partner Michael Alerding came to me with the idea to buy a ship's bell to ring for each...Read More »
-Jack Dempsey
Tooting your own horn, ringing your own bell...We've decided to bang our own gong.
Welcome the newest fixture to the Alerding Castor Hewitt office, the official New Client/Wrapped Mediation Gong.
The litigation and transaction teams didn't have a celebration worthy of new business, so partner Michael Alerding came to me with the idea to buy a ship's bell to ring for each...Read More »
There is a new Seventh Circuit Court of Appeals opinion that is likely to have a significant impact on SaaS providers. In Digitech Computers, Inc. v. Trans-Care, Inc. (link here), the 7th Circuit focuses on a SaaS agreement for Digitech to provide certain management software licensing components for Trans-Care (an ambulance and medical transportation service). The Court ultimately upheld a breach of contract claim in favor of Digitech, significantly reduced Digitech’s damages award, and...
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