Raising Money: Entrepreneurs & VC's Reveal How it's Done

FOR IMMEDIATE RELEASE/
Contact: WPI Venture Forum, +1-508-831-5075

Tuesday, April 13, 2004, 6-9 p.m.
Worcester Polytechnic Institute, Campus Center Odeum

Worcester, MA - March 29, 2004 - The April meeting of the WPI Venture Forum will feature presentations by three of the key players in an equity financing transaction - an entrepreneur who recently went through the money raising process, an angel investor, and a venture capitalist.

Carlos Bielicki, president and CEO of TimeLab Corporation (Andover, MA), is a "rookie" entrepreneur. After more than a year of discussions and negotiations with angel investors and venture capitalists, he has recently closed on $6 million in venture capital financing. Bielicki is a semiconductor industry veteran with 17 years of business development, sales, and product management experience at leading companies including IBM, Oak Technology, Chips and Technologies, and National Semiconductor

Ilan Carmi, a partner at Kodiak Venture Partners, and Hambleton Lord, Managing Director of Launchpad Venture Group, will present the investor side of the story, describing the distinctions between angel investors and venture capitalists, the current investment climate, and ways that an entrepreneur can make their company more attractive to a professional

investor.

Ilan Carmi focuses on communications and semiconductor investment opportunities. He is chairman of the board of CipherOptics and Trebia Networks and is a member of the board of Application Security, Azimuth Networks, BTI Photonics, and Tiaris.

Hambleton (Ham) Lord has more than 20 years experience in the software industry where he co-founded three software companies. He serves on the boards of three startup companies - Building Engines, JAM Technologies, and Mok3 - and was most recently co-founder and Vice President of Marketing for Advanced Visual Systems (AVS). AVS develops software for scientists and engineers involved in applications such as Medical Imaging, Geographic Information Systems (GIS), Engineering Analysis and Oil & Gas Exploration.

The WPI Venture Forum meeting will be held on Tuesday, April 13, 2004, at the Odeum Campus Center on the WPI campus in Worcester, MA. Registration begins at 6:00 p.m. and the meeting begins at 6:30 p.m. Registration cost is $10 individual, annual and lifetime members; and $20 nonmembers.


About the WPI Venture Forum

The WPI Venture Forum was created in 1990 to promote the entrepreneurial spirit and to serve those who engage in technology- based entrepreneurial enterprises by providing advice, support and education tailored to meet their needs. The forum fosters entrepreneurship through such activities as monthly programs, a business plan contest, a weekly radio show on News Radio WTAG (Saturdays, 5-7 pm, 580am), and a monthly newsletter.

The Venture Forum, as part of the Collaborative for Entrepreneurship & Innovation in the Department of Management at WPI, serves individuals who are seeking to begin their own technology-based businesses; founders, presidents, and senior managers of start-up or early-stage companies; senior managers of companies that are restarting or making a transition for one mode of operation to another; and employees leaving large companies due to a reduction in force or to start businesses.