1. CAPITAL FORMATION IN NORTH CAROLINA
A STATE WIDE PROGRAM TO INCREASE ACCESS TO CAPITAL AND PROVIDE
EDUCATION FOR INVESTORS AND ENTREPRENEURS

2. North Carolina’s 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 University’s Small Business and Technology Development Center to better support and educate both private investors and entrepreneurs for successful angel investment relationships.

3. North Carolina’s 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.

4. THE FUNDING GAPS Source: Kauffman Foundation – “Power of Angel Investing”
Angels
Number of Investors
SEED
GAP
EARLY STAGE GAP
VCs
$50K - $100K
$5 million
$10 million

5. IMAF SOURCE CAPITAL IMAF SOURCE CAPITAL FUND IMAF WEST IMAF EAST
W.C.U., UNC-A,
ASU
IMAF EAST
ECU,
Elizabeth City
IMAF TRIAD
WFU, NCA&T
UNC-G, WSSU,
NCSA
IMAF
COASTAL
UNC-W, FSU,
UNC-P
IMAF RTP
NCCU, NCSU,
UNC-CH, DUKE
IMAF
KANNAPOLIS
UNC-C

6. = University Campuses
= IMAF Sites

7. IMPACT IMAF-TRIAD 67 JOBS CREATED OR RETAINED
(POTENTIAL FOR JOBS ON A STATE WIDE BASIS)
$2,158,350 INVESTED IN 13 TRIAD COMPANIES AND 1 FROM R.T.P.
1:1 LEVERAGE OF ADD ON INVESTMENT DOLLARS.

8. 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.

9. 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

10. 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

11. 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 !

12. 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

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

14. Becoming an INVESTOR-READY ENTREPRENEUR™
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
8:30-8: minutes – 2 slides
On behalf of the NC Small Business and Technology Development Center staff, advisory board, and our faculty volunteers , welcome to the SBIR Conference hosted Becoming An Investor-Ready Entrepreneur Seminar.
Today’s full day workshop is designed to help SBIR Phase 1 award winners understand the private equity investment process and prepare for funding concurrent with or “after SBIR”
By the way, this seminar is also delivered to entrepreneurs who have had experience searching for angel and venture capital.