Wednesday, April 18, 2012
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
Friday, October 21, 2011
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...
Wednesday, October 19, 2011
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...
Thursday, October 13, 2011
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...
Wednesday, September 14, 2011
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...
Wednesday, August 10, 2011
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...
Tuesday, July 12, 2011
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...
Thursday, June 23, 2011
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...
Thursday, January 1, 1970
It is with deepest pride, and greatest pleasure, that I announce
the newest additions to Alerding Castor Hewitt LLP, attorneys Eric
Davis and J.R. Hensley. A welcome supplement to our business
law staff, Eric and J.R. will each provide new and unique functions
to the team.David Castor, a founding...
Thursday, May 26, 2011
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...
Tuesday, May 24, 2011
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...
Tuesday, May 24, 2011
Angel investment groups tend to quickly dismiss investor
presentations that cover complicated products and markets.
They tend to lean towards investment opportunities which they
easily understand the market – often even if it as a worse
valuation or lower expected return than other more complex...
Wednesday, May 18, 2011
A tech entrepreneur friend recently told me that the concept of an
“evangelist” in tech companies is all but dead. Honestly I
don’t know if it was ever as alive as people thought, but I liked
where he was going with this. I’ve talked to a number of
aspiring entrepreneurs who view their role in...
Tuesday, April 19, 2011
All securities offerings fall into one of three
classes:1. Registered, 2.
Exempt, or 3. Illegal.Private offerings of
securities are just that – “private”. The key for any private
offering is that the offerer may only solicit investors through
private methods. There are all sorts of rules...
Monday, April 11, 2011
The end is finally nigh for the ongoing litigation roller coaster
that is the Facebook/Mark Zuckerberg v. Cameron and Tyler
Winklevoss saga. This has always been an interesting piece of
software litigation based upon (a) the personalities involved and
(b) the scale. It is safe to say that when you...
Wednesday, March 2, 2011
Last night I lectured on this topic to my entrepreneurial capstone
class at Purdue. It is possibly the most basic question for
any startup looking to raise capital, but it is often not
approached correctly. In my experience most entrepreneurs
take a wild guess at their number.The correct approach...
Monday, February 28, 2011
Agreement titles are funny things. In their best use they
quickly describe the general subject matter of the contract.
For most situations a simple title is helpful. E.g.,
"Services Agreement" helps differentiate between a contract for
services and one for goods. That is helpful. Many
Thursday, February 24, 2011
I've had several conversations with concerned entrepreneurs over
the last year about changes in the accredited investor standards
under the Dodd-Frank Act. In January the SEC proposed
amendments based on Dodd-Frank to the accredited investor standard
which subtracts the net equity value of an...
Tuesday, February 22, 2011
I know there will be an "official" congratulatory press release in
the near future, but I thought I'd take a moment to congratulate
the Alerding Castor Hewitt partners on being included in the 2011
Indiana Super Lawyers. Brian Hewitt received the nod as
one of the Top 50 Super Lawyers in the state....
Monday, February 21, 2011
In the words of Schoolhouse Rock, “three” is the magic
number. That is not what I am talking about. Every
business model has some number milestone that must be met to ensure
a basic level of success for the business. This can be number
of customers, revenue, user seats, market share,...