January Forum Meeting and Due Diligence Training Session
Keiretsu Forum Mid-Atlantic (K4-MA) – with chapters in Philadelphia, Washington, D.C., Pittsburgh, and New York and part of the global Keiretsu Forum angel network – will present five early-stage companies to investors at next week’s monthly forum event. The meeting will showcase two technology companies, one life science company, one consumer company and one clean-green energy technology company* at meetings in New York, Philadelphia, Washington, D.C., and Pittsburgh. Attendance is by invitation only.
More than 100 accredited investors will see the same companies present their business investment opportunities in New York on Tuesday, January 21; in Philadelphia on Wednesday, January 22; in Washington, D.C on Thursday, January 23; and in Pittsburgh on Friday, January 24.
Two of the K4-MA cities are among the five top metropolitan regions for life sciences venture funding. According to recent data from the PricewaterhouseCoopers LLP/National Venture Capital Association MoneyTree™ Report, based on data from Thomson Reuters, venture capitalists invested $1.4 billion in 167 life sciences deals during the first quarter of 2013. New York was one of three of the five regions that saw double-digit increases in investing in Q1 2013, increasing 66 percent, while the Washington, D.C. metro area grew 53 percent. The top five metropolitan regions that received life sciences venture capital funding during Q1 2013 included the San Francisco Bay at $427 million, Boston at $273 million, the San Diego Metro at $122 million, the New York Metro at $106 million, and the Washington Metroplex at $100 million. These top five regions captured 74 percent of the dollars invested in life sciences companies in the first quarter of 2013. Biotechnology companies accounted for 68 percent of the dollars invested in life sciences deals in the top five metro regions.
Due Diligence Training Session
After the Philadelphia forum meeting on Wednesday January 22nd, the K4-MA management team will run a Due Diligence Workshop for new members and due diligence fellows. Chapter president Howard Lubert will explain Keiretsu’s rigorous due diligence process and answer questions about how to properly put together a final report. All members who have not yet had the training are encouraged to attend. Contact firstname.lastname@example.org if you would like to attend. The workshop will take place at the law offices of BakerHostetler, formerly Woodcock Washburn, in the Cira Center (same location as the meeting).
*Due to the new SEC 506(c) ruling made in September 2013, Keiretsu Forum cannot disclose the names of the companies that will be presented at these events until after funding is received.