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iTenWired_The Art of Angel Investing - iTen Wired

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									The Art of Angel
   Investing
Q: What is the quickest way to learn about
Angel Investing and local Angels?

   •The Angel Capital Association (“ACA”) funded by the Kauffman Foundation

     •The ACA 2009 Summit will be in Atlanta, Georgia April 15th -17th at the:

                       InterContinental Buckhead Hotel Atlanta
                              3315 Peachtree Road NE
                                  Atlanta, GA 30326
                                   (404) 946-9000

           •Registration information may be found at the ACA website.
                         www.angelcapitalassociation.org




  The Art of Angel Investing
                          Opening Remarks

Q: What is an Angel Investor?

• Legal definition: "Accredited Investor" as defined in the Securities Act of 1933
for individuals means a natural person who has individual net worth or joint net
worth with the person's spouse that exceeds $1 million at the time of the
purchase," OR "a natural person with income exceeding $200,000 in each of the
two most recent years or joint income with a spouse exceeding $300,000 for
those years and a reasonable expectation of the same income level in the
current year."




   The Art of Angel Investing
                  The Art of Angel Investing

Featured Panelists:

• Dale Younce, Retired Gulftel Executive, Angel Investor

• Monty O’Neal, Retired Private Equity Executive, BMando Investment Banking

• Rus Howard, Retired Executive, Whitesand Investments, Angel Investor

• Randy Wingard, Retired corporate Venture Capitalist, Wingard Enterprise

Moderator: Denise Browning
                         Introduction of Panelists

Dale Younce is a lifetime Baldwin County resident and serial entrepreneur.           Mr. Younce is
an angel investor primarily in the technology and telecommunications space, and occasionally
dabbles in real estate. He gained his telecommunications experience at Gulftel Communications.
Gulftel Communications, the 38th largest privately held phone company in the country, was founded
in 1929 and serviced over 40,000 customers along the Gulf Coast.

He served in various capacities including Outside Plant Construction Manager rising to the position
of General Manager, and a member of Board of Directors.

Mr. Younce was promoted to General Manager of the day to day operations in 1997. As General
Manager he was able to increase profitability greater than 100% in just one year. Through his vision
and leadership Gulftel , over a two year period, became an acquisition target for Madison River
Communications. Gulftel was sold to Madison River for $315,000,000. The shareholders of Gulftel
Communications received the highest price per share ever paid for an independent local Exchange
Carrier.
Monty O’Neal has had a thirty five year career which has included
   banking, corporate finance and venture capital. He most recently
   served as a Senior Financial Advisor with Merrill Lynch. Prior to that, he
   co-managed a $40 million expansion stage private equity fund in the
   Washington, DC area. Previously he served as the corporate financial
   manager for the American Export Group also located in Washington,
   DC where he arranged trade finance and foreign currency contracts.
   He was also a senior international investment officer for The Overseas
   Private Investment Corporation (OPIC) and where he structured global
   project financing.

He served on the Fairfax County Economic Development Board's small
   business council. He was selected in 1975 for the Export Import Bank
   of the U.S. fellowship program. He is an undergraduate of Auburn
   University. He has a MBA degree from Trinity College and a MIM
   degree from the American Graduate School of International
   Management. He has served on numerous boards of small businesses.




     www.bmando.com
Rus Howard has over 25 years of experience in technology and hi-growth
business development and has served on many boards and advisory councils in business
and charitable organizations. He earned his MBA from Cornell University's Johnson
Graduate School of Management, where he focused his studies on Entrepreneurship, and
managing innovation and technology. Mr. Howard interned with SROne the venture capital
arm of SmithKline Beckman. Mr. Howard founded Phyton, Inc., a Biotech company that
manufacturers high-value phyto molecules, and served as its CEO and Chairman. Phyton
produced paclitaxel the active ingredient of Taxol, a multi-billion dollar anticancer drug sold
by Bristol Myers.

Mr. Howard is a co-owner and officer of Silver Bullet Technology, a software company
manufacturing and selling software for the banking and payment processing industry, where
he has been primarily responsible for corporate and financial oversight as well as strategic
planning. Prior to Silver Bullet, Howard served as president and CEO of BioWorks Inc., a
biotechnology company he founded to develop, produce, and sell products that replace
chemical pesticides.

His entrepreneurial endeavors led Mr. Howard to being named a finalist in Ernst and Young's
1996 New York Entrepreneur of the Year award sponsored by NASDAQ and USA Today.
Mr. Howard has been a speaker and guest lecturer at Cornell and other educational
institutions, and a featured symposium speaker presenting case studies on Capital Raising.




    www.whitesandinvestments.com
Randy Wingard is President of Wingard Enterprises, Inc., a strategic, financial and human resources
management and consulting firm, advising and/or investing in early stage ventures involving medical technology, medical
devices, start-ups and acquisitions/divestitures in timber and wood preservation, residential and commercial real estate
development, plus growth management and employee development for a variety of service and manufacturing enterprises,
including personal directional involvement in founding and formation of business entities.

Mr. Wingard is a Partner in Mobius Associates, a firm that specializes in behavioral dynamics: optimizing performance and
fulfillment through serving and leading in large and small institutions; including employees, managers and boards, and a
Strategy Consultant to the University of South Alabama and The Venture Research Institute (California). USA and
VRDI have teamed up in order to complete clinical trials, obtain FDA approval, and market a new Cancer Vaccine developed
by USA Medical Research Center.

Prior to starting Wingard Enterprises, Mr. Wingard was a Senior Corporate Vice President and spent 35 years with Koppers
Company, Inc. (International) Koppers is a Fortune 500 world-wide manufacturing, engineering and construction company.
During his tenure he held executive level positions, traveling extensively in Japan, Australia, Turkey, and Western Europe.
Responsibilities included corporate marketing, purchasing, human resources, transportation, acquisition analysis and strategic
planning.

Mr. Wingard was asked by Senior Management to form a Koppers controlled venture capital firm, and was a founding
Director and Vice President of KOPVENCO. KOPVENCO invested in start-up and early stage ventures in chemicals,
robotics, plant genetics, fiber-optics, medical, and early stage university-based research projects, including funding, marketing,
divestiture, and IPO’s as appropriate. Koppers was acquired through a hostile takeover by Hanson Industries, Inc.
(England).
   Denise Browning is a new Principal of Browning Mecke & O’Neal, a
       local Investment Banking firm. Additionally, she is the Founder and President of
       Hunter Ventures LLC, a five year old business that invests in, assists with capital
       raising for, and provides financial consulting services to municipalities, real estate
       developers, and start up and small businesses. She is a licensed real estate
       salesperson in the State of Alabama. Ms. Browning was an interim Executive
       Manager of the Ceres Venture Fund, a $2.5 million early stage venture capital
       investment fund located in Chicago, Illinois during its formation phase.

   Prior to that, Ms. Browning managed a $1.6 billion Non Rated Municipal Bond portfolio for
       Allstate Investments. Ms. Browning began her career at Continental Bank, where she
       was a Vice President for the Real Estate Group that lent nationally out of Chicago,
       covering most high growth markets. While at the Bank, Ms. Browning started in
       systems programming COBOL and IMS, sold bank financial services to her clients,
       and sold whole loans to domestic and foreign banks. Ms. Browning has an MBA in
       Finance from the University of Chicago, and a BS in Business Management -
       Marketing, from Purdue University. She is a volunteer for the Baldwin County
       Economic Development Alliance, a member of the Capital Formation Committee and
       the Technology Innovation Center creation committee. She is a member of the
       Mobile Area Chamber of Commerce and consults with the Downtown Mobile Alliance.
       She serves on Boards including Smart Coast and Educators Resource.




Denise Browning, Principal, Browning Mecke & O'Neal LLC (251) 625-6291

                     www.bmando.com
                         Questions for the Panelists
         Q:   How and why did you become an Angel?


         Q:   What is an investment that you have made that will offer a learning
                opportunity for this audience of entrepreneurs?


         Q:   What types of deals would you like to see?




Denise Browning, Principal, Browning Mecke & O'Neal LLC (251) 625-6291
The Art of Angel Investing

								
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