... investors and entrepreneurs for successful ange

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CAPITAL FORMATION INNORTH CAROLINA
A STATE WIDE PROGRAM TO INCREASE ACCESS TO
CAPITAL AND PROVIDE EDUCATION FOR INVESTORS AND
ENTREPRENEURS
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North Carolinas Economic Growth

• THE NEED
• Stimulate the formation of more committed private
  equity investment groups in
• 1. True seed funding (first money in)
• 2. Early stage funding ( 250K to 500K)
  Traditional VC models cannot meet this need.
• Concurrently expand the program delivery,
  counseling and mentoring resources of the
  Universitys Small Business and Technology
  Development Center to better support and educate
  both private investors and entrepreneurs for
  successful angel investment relationships.

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North Carolinas Economic Growth
THE SOLUTION Create the IMAF Family of Funds
and deliver capital using the successful
experience with IMAF Triad-1, other angel groups,
private and institutional investors and the broad
spectrum of educational programs and counseling
resources of the SBTDC on a state wide
basis. Offer Power of Angel Investing and
Becoming an Investor-Ready Entrepreneur
seminars to support IMAF Fund.
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THE FUNDING GAPSSource Kauffman Foundation
Power of Angel Investing
Angels
Number of Investors
EARLY STAGE GAP
SEED GAP
VCs
5 million
10 million
50K - 100K
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IMAF SOURCE CAPITAL
IMAF SOURCE CAPITAL FUND
IMAF WEST W.C.U., UNC-A, ASU
IMAF TRIAD WFU, NCAT UNC-G, WSSU, NCSA
IMAF COASTAL UNC-W, FSU, UNC-P
IMAF RTP NCCU, NCSU, UNC-CH, DUKE
IMAF EAST ECU, Elizabeth City
IMAF KANNAPOLIS UNC-C
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University Campuses
IMAF Sites
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IMPACTIMAF-TRIAD

• 67 JOBS CREATED OR RETAINED
• (POTENTIAL FOR 300 JOBS ON A STATE WIDE
  BASIS)
• 2,158,350 INVESTED IN 13 TRIAD COMPANIES AND 1
  FROM R.T.P.
• 11 LEVERAGE OF ADD ON INVESTMENT DOLLARS.

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IMAF MODEL
A MEMBER - OWNED AND MEMBER - MANAGED LIMITED
LIABILITY COMPANY, ORGANIZED TO PROVIDE MEMBERS
AN OPPORTUNITY FOR ACTIVE INVOLVEMENT IN A
DIVERSIFIED AND DISCIPLINED CAPITAL INVESTMENT
PROCESS FOCUSED ON ROI AND ECONOMIC GROWTH.
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HOW DOES IT WORK ?

• COMMITTED FUND - MEMBER MANAGED
• EXECUTIVE FUND DIRECTOR FINDS AND SCREENS
  APPROPRIATE DEALS
• 1 OR 2 COMPANIES MAY PRESENT AT EACH MONTHLY
  MEETING OF THE FUND MEMBERSHIP
• MEMBERS VOTE ON WHETHER TO START DUE DILIGENCE
• DUE DILIGENCE TEAM IS FORMED THE COMPANY
  INFORMATION IS VALIDATED A REPORT AND
  RECOMMENDATION IS ISSUED TO THE ADMIN. COMMITTEE
  FOR REVIEW AND TO THE MEMBERSHIP FOR INVESTMENT
  VOTE
• 67 MAJORITY IS REQUIRED TO COMMIT THE FUND

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BENEFITS OF THE FUND DESIGN AND THE OVER-ALL
IMAF FAMILY OF FUNDS PROGRAM

• DISCIPLINED AND ORGANIZED INVESTMENT APPROACH
• SHARED DUE DILIGENCE AND DEAL FLOW AROUND THE
  STATE
• PORTFOLIO MODEL
• MODEST COST TO JOIN ( 15,000 PER UNIT )
• INDIVIDUAL ADD ON OPTION AVAILABLE THROUGH THE
  FUND
• NC QUALIFIED BUSINESS VENTURE TAX CREDIT
  AVAILABLE TO
• FUND MEMBERS
• CONTINUING EDUCATION AND PROGRAM DEVELOPMENT
  THROUGH THE SBTDC
• OPPORTUNITES TO ENGAGE UNIVERSITY RESOURCES FOR
  COMMUNITY DEVELOPMENT

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WHAT DOES IT TAKE TO CREATE A SUCCESSFUL IMAF
FAMILY OF FUNDS SITE?

• DEAL FLOW
• DEDICATED CHAMPION TEAM
• CAPITAL
• WILLINGNESS TO PARTICIPATE IN THE EDUCATIONAL
  PROCESS
• RISK TAKING !

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PROJECT STATUS AND NEXT STEPS
IMAF-TRIAD, 14 DEALS AND CONTINUING TO SEEK
INVESTMENTS IMAF-TRIAD II, ANTICIPATED EARLY
2008 IMAF-WEST, FORMED, RAISING MONEY, AND
LOOKING AT DEALS IMAF-EAST, FORMED, SELECTING
FUND DIRECTOR IMAF-KANNAPOLIS, FORMED, RAISING
MONEY IMAF-RTP, ANTICIPATED EARLY
2008 IMAF-COASTAL, ANTICIPATED EARLY TO MID
2008 IMAF SOURCE CAPITAL FUND, START RAISE LATE
2007

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The NC Small Business Technology Development
Center is pleased to present
The Power of Angel Investing
A Private Workshop For Angel Investors   Presente
d in cooperation with  
Event Sponsors    
 
 
Host Sponsors Marketing Partners


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The NC Small Business Technology Development
Center is pleased to present
Becoming an INVESTOR-READY ENTREPRENEUR
October 30, 2007 Broyhill Inn Conference
Center Boone, NC  
SPONSORS