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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

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The Venture Investor Academy | in Erie

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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

The Venture Investor Academy | in Erie

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Talent Mentorship Work | Live | Play | Learn Storytelling Central Conveners Local Investor Capital

https://tinyurl.com/ErieGAPS-Jefferson

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Brian Slawin

Portfolio Manager @ Ben Franklin Technology PArtners

Serial Tech Entrepreneur
TEDxErie Presenter on “Why Erie?”
@BenFrankBrian

Bill Scholz

Business Outreach Specialist @ Erie Regional Chamber & Growth Partnership

Co-Founder of Radius CoWork
Operations/Communications Lead at Innovation Collaborative
@BillScholz3

Tim Wachter

Lead Attorney at Knox Law Public Strategies

Former aide to Governor Tom Ridge
Site Advance Team for the White House
@TWachter

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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

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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)

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

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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

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Erie Innovation Fund

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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)

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The Venture Investor Academy | in Erie Who should attend?

High net worth individuals Anyone interested in:

entrepreneurial investment process
entrepreneurial community development
Investing in manufacturing or tech startups
Understanding the investment ‘due diligence’ process
Qualified Opportunity Funds / Federal Opportunity Zones

Venture Investment Forum

SPRING, 2019

brianslawin@benfranklin.org bscholz@eriepa.com twachter@kmgslaw.com