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About
Organization:
Golden Capital Network (Golden) is a nonprofit networking, training and consulting group that fosters growth entrepreneurship and early stage investing as an engine for economic growth. Its services and activities include: a Premier Venture Capital conference series; the Venture Communities economic development franchise; regional and cross-regional entrepreneurship training programs; investor networking and showcasing; entrepreneur coaching and mentoring; public policy leadership and advising; and early-stage company showcasing. Golden is a partner on two WIRED projects, listed below. Tasks:
Project 1.1 - Economic Development Innovation Toolkit:
- The Venture Communities, as run by Golden Capital and captured and reported by Chabin Concepts, provides a framework for creating an event to bring companies, (start up and existing), investors (VC and Angel), and service providers and business professionals together to begin dialogue and encourage investment in technology companies and ventures. If an organized investor network is not established, this framework provides the opportunity to develop the initial impetus needed to create one along with the visibility to draw in the other resources that are necessary for the development and support of businesses.
This is important as the venture community overcomes three main challenges ED professionals have in trying to bring investors, service providers and businesses together for a common purpose.
1. The business or start-up needs to generate revenue to succeed but does not have the visibility or skills needed to identify and attract qualified investors to the venture or company. A venture community provides them with a platform to pitch their proposition in front of several or many qualified investors what have been pre- qualified
2. Investors experience challenges in finding qualified companies to invest in. This venue allows them to see many potential investment opportunities that have been screened and prepped to present the relevant information that the investor may need to move forward.
3.Banks, accounting firms, technologists, industry professionals, service providers and consultants require sufficient visibility and potential deal-flow to justify involvement and / or sponsoring of conferences and events. By bringing together a critical mass of companies, investors and audience, services providers can justify sponsorship of an event.
The Venture Community provides a venue and a reason for all to be involved, and additionally provides visibility to the organization (many times an Economic Development Professional), which can lend leverage to other projects and initiatives that they are moving forward.
Project 1.4 - Innovation-Based Entrepreneurial Ventures:
- Entrepreneurial ventures demonstration project with entrepreneurial companies including Small Business Innovation Research (SBIR) Phase II awardees to identify best practices in helping innovative companies to commercialize technology and create jobs. A two day conference event was designed, focused on entrepreneurs and technology businesses "pitching" to panels of Angel and VC investors. The two day event consisted of primer classes, several key note speakers, and six investor panels populated by 37 investors being pitched by 35 technology companies. Companies and panels represented 1 and 2) Emerging Technologies, 3) Software / IT, 4) Biotech / Pharma and Medical Devices, 5) Communications Technologies, 6) New Media / Web Internet Content. The evening concluded by the top 15 companies in California being recognized to receive the California Innovation Awards. Additioanlly produced for the event was a 20 minute video outlining California as the premier State for R&D and technology business and entrepreneurship. This was funded by BTH. A 41 page template was produced, outlining the processes and procedures needed to create an entrepreneurial conference. Event deliverable was the successful conference, the Video and the event template.
Title: CATech 100 Write up
Title: CATech 100 BTH Video
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