Month of June had Ken Merritt on the Go!
“For Benefit” Corporation Presentation
On Friday, June 10th Ken gave a presentation called A Firmer Foundation: How “For Benefit” Corporations Can Strengthen Employee Ownership at the 9th Annual Vermont Employee Ownership Conference which took place at Champlain College in Burlington. In his presentation, he discussed how Vermont’s new Benefit Corporations Act (Act 113 of 2010) permits existing and new corporations to include as part of their purpose to create general or specific public benefit like providing low-income or underserved individuals or communities with beneficial products or services. To view an excerpt of this presentation, click here.
Angel Investing – Alive and Well!
On Tuesday June 14th Ken, a member of North Country Angels, the Vermont angel investor group, attended Angel Bootcamp at the Tang Center at MIT in Boston, MA. What’s Angel Bootcamp, you ask? It’s a chance to learn about becoming an investor, evaluating investments, figuring out how much to invest and deciding out how to set terms from the experts. If you need more convincing about attending an Angel Bootcamp in the future, check out this article by Fred Destin, an investor and partner at Atlas Venture. Also, check out this article about Jon Pierce, founding member of the Awesome Foundation who put on the Angel Bootcamp.
On Wednesday, June 15th, Ken attended TechStars in Boston. TechStars is a “mentorship-driven seed stage investment program”. The program is three months long program and takes place in Boston MA), Boulder (CO), New York City (NY) and Seattle (WA). Of the hundreds of companies that apply, about 10 are chosen in each location. At the end of their program they put on a showcase of new for venture capitalists and angel investors. The ten presenting companies at the Boston event wowed a crowd of 250 people and raised $2.7 million on the spot. Other attendees included the usual Vermont suspects, angel investor extraordinaire Ty Danco (check out his blog posts), Lee Bouyea and Tim Davis of Fresh Tracks Capital and David Bradbury of Vermont Center for Emerging Technologies.