Rithesh Menon
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to StartingBloc Boston, StartingBloc Chicago, StartingBloc India, StartingBloc LA, StartingBloc London, StartingBloc New York, StartingBloc Philadelphia, StartingBloc San Francisco, StartingBloc Washington DC, StartingBloc West Coast
Dear Fellows -
Please see below for a message from Kerri Murphy (NY '11) at the William James Foundation. Please reach out to Kerri (
ke...@williamjamesfoundation.org) with any questions about the Green Grab Event.
Cheers,
The StartingBloc Team
----
On Saturday, April 14th, the William James Foundation will present our first annual "Green Grab" where Renewable Energy and Clean Technology companies will make short presentations to a panel of accredited investors. The investors are prepared to commit up to $25,000 each on the spot.
No guarantee of an investment is made, and it is possible that no investments will be made. A standard equity investment document will be offered, where the only variables will be the amount of the investment and the amount of the company that the investment is worth.
There will be six to eight presenters. Some will be chosen from the finalists of the Stiefel Family Foundation Clean Tech Prize, The Foundation for a Sustainable Future Prize, and the Carbon War Room Prize. (Assuming they are otherwise qualified to present.)
One of them will be the winner of the Launcht/WJF Greengrab crowd funding competition. We want you to show us that people believe in your idea and are willing to put money behind their confidence in your venture. For more information on this, visit
http://greengrab.launcht.com/getstartednow.
The others will be selected by the William James Foundation, and need not be current or past entrants into the foundation. All interested applicants should email a two page summary of their company (Gust.com format preferred) to
compe...@williamjamesfoundation.org by March 15th, 2012.
All entrants must make clear in their summary that they meet the following criteria:
They are for-profit companies that can accept an equity investment.
They are working with clean technology and/or renewable energy.
They can come to Washington, DC on April 14th on their own expense.
They are willing to make their presentation in a public setting. (Documents submitted in advance will be treated as private, but the presentation itself will be public.)
They have a business plan and/or summary that we can review. Finalists will be required to submit to Gust.com.
They are looking for between $10,000 and $150,000. This must be the entire amount of this investment round. (i.e. don't reduce the amount you are looking for to qualify for the event.)
This investment must be sufficient to advance them through a stage of development of the company. (For example: finishing a prototype, establishing themselves in a new market, or otherwise getting them to a point where they will have the information they need to take the next major step in their company’s growth.)