The Entrepreneurial Advisory Council hosted its first workshop.
The event titled, “Making Your Startup Investor Friendly” took place on Wednesday, October 8th 2014 in San Diego, CA.
The Entrepreneurial Advisory Council is a group of professionals that serve San Diego’s growing number of innovators, entrepreneurs, and startup businesses.
The council’s expertise includes legal, financial, capital formation, and business planning services. The common thread among all members of the Entrepreneurial Advisory Council is their commitment to building meaningful connections that lead to successful business ventures.
Michael Acheatel, the President of The Startup Garage, is one of the Council’s co-founders and was a speaker at the event. His presentation focused on the milestones that investors care about at each stage of the funding and milestone timeline. He took the audience through the 7 major categories of startup milestones – business planning, team building, market traction, legal, operations, product development, and founder leadership – and highlighted how these milestones evolve throughout each round of funding. He specifically focused on the early stages of funding from friends, family, and founders as well as angel investors.
Michael was followed by his fellow co-founders of the Entrepreneurial Advisory Council – Hass Sadegi, Rob Domingue, and Joseph Erle. Hass is the Principal Owner of Sadeghi Legal and offered his advice on how and where to legally structure your startup as well as how to avoid exorbitant lawyer fees down the road based on appropriate planning in the early stages.
Joe is an insurance broker with 5th Ave Insurance and spoke about the types of insurance that investors require and how to reduce risk for the company.
Rob is the Director of Transcend Valuation and spoke about valuation and how to both create and determine value in a company.
Lastly, the panel opened up to a Q&A session where they received several excellent questions from the audience.
With good food, a great audience, and 4 experts with unique insights on what investors like to see in a startup, the event was deemed a complete success.
The Entrepreneurial Advisory Council will host a workshops once every quarter in San Diego.