The Venture Investor Academy | in Erie The Venture Investor Academy - PowerPoint PPT Presentation

The Venture Investor Academy | in Erie

The Venture Investor Academy | in Erie • An Educational Program – NOT an investment fund • Demystify the early-stage investment process • Bring capital, connections and expertise ‘off the sidelines’ • Expose companies to ‘pitch’ environment • Increase community entrepreneurial awareness • Identify, Attract, Retain, Invest in and Grow startups and generational manufacturers in Erie County

https://tinyurl.com/ErieGAPS-Jefferson Talent Mentorship Work | Live | Play | Learn Storytelling Central Conveners Local Investor Capital

Bill Scholz Business Outreach Specialist @ Erie Regional Chamber & Growth Partnership - Co-Founder of Radius CoWork - Operations/Communications Lead at Innovation Collaborative - @BillScholz3 Brian Slawin Portfolio Manager @ Ben Franklin Technology PArtners - Serial Tech Entrepreneur - TEDxErie Presenter on “Why Erie?” - @BenFrankBrian Tim Wachter Lead Attorney at Knox Law Public Strategies - Former aide to Governor Tom Ridge - Site Advance Team for the White House - @TWachter

2,587 High Net Worth Households  SEC Accredited Investors 1% of Erie County (Nationally, 3.5%) • Risk averse | High % of wealth is generationally held • Unaware of growing entrepreneurial ecosystem • Unsure how to evaluate and invest in tech startups / manufacturing • Few examples of success • Scattered investor network • Generational Differences

Most investment capital deployed w/in 20 miles of investor • Build & activate an Erie-focused investor network • Create wealth opportunities • Make Erie a location of choice (organic growth / import) • Retain companies = retain jobs = Create serial entrepreneurs • Echo impact on community / other businesses (4-27:1)

An impact investor of more than $48 Million into nonprofits and small businesses since 2008 – IN ERIE COUNTY!

Raised $30 Million in PRIVATE and LOCAL capital • MENTORING: Inspired by 3CDC in Cincinnati • DE-RISKED: Leveraging community-developed plans already in place • STABILITY: Supported by several of Erie’s largest employers • CLEAR GOALS: Focused on revitalizing the core of downtown Erie • TALENT: Led by experienced, energetic and respected Erieites • QUALITY OF LIFE: Work | Live | Play | Learn • STORYTELLING: Collaborative, Transparent and Inclusive

I Erie Innovation Fund

VIA | Erie Curriculum The mechanics of investing (Ben Franklin due diligence rubric) Investing for success (the 10% challenge) An inside look at investing in: tech startups and generational manufacturers Picking winners! Ready, Set, INVEST 8 Erie- based companies pitch “Shark Tank” style  2 selected by cohort for Final Pitch  1 awarded $10,000 non-dilutive grant by cohort History, present and future of venture investing (angel, VC, PE, crypto, QOF)

Who should attend? High net worth individuals Anyone interested in: • entrepreneurial investment process The Venture Investor Academy | in Erie • entrepreneurial community development SPRING, 2019 • Investing in manufacturing or tech startups • Understanding the investment ‘due diligence’ process • Qualified Opportunity Funds / Federal Opportunity Zones Venture Investment Forum brianslawin@benfranklin.org bscholz@eriepa.com twachter@kmgslaw.com