NEWS at The Entrepreneur Center @NVTC

Entrepreneur SOLUTIONS Companies Present Business Plans at GWU VC/Angel Workshop

(l-r) Bernice Lemaire and Lori Kavle of Entrepreneur SOLUTIONS participant, SimERM, present their company's business plan at the VC/Angel Workshop.

At the VC/Angel Workshop, hosted by The George Washington University's Council of Entrepreneurial Tech Transfer and Commercialization at the Elliot School of International Affairs on February 21, two Entrepreneur SOLUTIONS companies, SimERM and Wade Enterprises, presented their business plans before angel investors, venture capitalists, serial entrepreneurs, economic development specialists and other experts.

The workshop, which attracted more than 100 people, included a panel on the recently released Ewing Marion Kauffman Foundation and Angel Capital Education Foundation report, "Returns to Angel Investors in Groups" by Dr Robert Wiltbank of Willamete University and Dr. Warren Boeker of the University of Washington. The report claims that angel investors participating in organized angel groups achieved an average of a 27 percent internal rate of return on their investments. Views and opinions about the report's findings were discussed, as well as implications for the region's entrepreneurs and investors.

Following the panel discussion, 15 companies, including the two Entrepreneur SOLUTIONS companies, made presentations about their businesses and were offered the opportunity to discuss their companies one-on-one with investors at a networking reception.

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