Venture Capital and Funding Information
- National Venture Capital Association
- Cleantech Venture Network
- Angel Capital Association
- Dow Jones Private Markets
- Pricewaterhouse Coopers Money Tree Survey
Business Plan Information
- Small Business Administration Business Planning Guide
- Service Corps of Retired Executives
- Moot Corp Competition – sample plans from super bowl of business plan competition
- Intuit Quickbooks Small Business Center
- Bplan.com – More sample plans
Front Range Biosciences, an agricultural biotech company that specializes in high-value crops such as cannabis, has raised $3 million in funding.
The funding will go to scaling the company’s processes and an expansion into California and other states where cannabis use is legal. The company currently operates out of Colorado.
Front Range Bioscience uses tissue culture cloning to solve for degradation of plants over cycles of harvests, which include disease, mold, pesticides, pests, etc. By “cleansing” the clones, the company will be addressing what Cornerstone sees as the most pervasive issue in the legalized cannabis industry that will affect growers in the future – strong downward pressure on wholesale flower prices amidst increasing competitive pressures. Increased legalization in new states, expansion of programs in existing states, and international legalization and decriminalization, sets up a scenario for dramatically increased manufacturing capacity and as such, wholesale margins will be a big concern for producers. Michael Gruber states that efficient cost producers will win, and Front Range will be one of the companies providing critical tools to enable a cultivator’s success.
The company is also mapping cannabis genetics to develop relevant traits in plants like disease resistance and high yields of oil and resin.
Endotronix, a Cornerstone portfolio company and maker of cloud-enabled tools that help patients with advanced heart failure, announced earlier in the year that it had raised $12 million in debt financing from Silicon Valley Bank.
The company raised a $32 million Series C round last July. That round was raised to fund a safety and feasibility study for its implantable, cloud-connected sensor for heart patients, and to help Endotronix commercialize its cloud-based software solution that lets healthcare providers monitor patients’ conditions after they leave the hospital.
Madison Magazine has selected EatStreet as one of the city’s 25 best places to work as part of its annual survey released this month. See link below for details –
From crazy combos to critically important news that finally puts the ranch vs. bleu cheese debate to rest, EatStreet’s kicking off college with data science that really matters: Students’ back-to-school ordering habits. See link below for more details –
Cornerstone (COP) portfolio company Eatstreet recently closed $15 million in a Series C financing round. The investment was co-led by 4490 Ventures and Lumia Capital, with participation from Cornerstone (COP), GCI Capital, MATH Venture Partners, and the State of Wisconsin Investment Board. Below is a link to the press release –
See link below to article about EatStreet on Forbes.com.
Madison, WI — Nov 12, 2014 Cornerstone Founder Larry Hayward spoke and was part of a judging panel at the 2014 Wisconsin Early Stage Symposium.
As a judge, Larry evaluated pitches from 18 companies participating in the Elevator Pitch Olympics. Larry was also a speaker at the 2014 Wisconsin Early Stage Symposium Panel. The topic of the panel was – Pursuing Investors: What Angels and VCs Need to Hear.
For more information about the event, please use the following link – 2014 Wisconsin Early Stage Symposium
Northbrook, IL (October 27, 2014) – Intellihot, a Cornerstone portfolio company was awarded the first prize, $400k, at the inaugural Illinois Clean Energy Fund Awards. Intellihot designs and manufactures efficient energy systems for commercial, residential and industrial environments including tankless water heaters for commercial applications and combi space + water heaters for residential applications. It earned the prize and the check after pitching its business plan to a team of judges, made up of energy industry representatives and investors. The Clean Energy Trust, a Chicago-based promoter of clean energy startups, and the Illinois Department of Commerce and Economic Opportunity (DCEO) sponsored the event. More details can be found at link below –
PALO ALTO, Sep. 23, 2014 – Cornerstone Angels portfolio company Robinhood, a stock trading app with zero commissions, has now raised an additional $13 million in Series A funding.
In December 2013, Robinhood raised $3 million from Index Ventures and Andreessen Horowitz. The Series A round was joined by financial tech fund Ribbit Capital, StockTwits’ Howard Lindzon, Path founder Dave Morin’s Slow Ventures, Box’s Aaron Levie, Snoop Dogg, Jared Leto, and Nas of Queensbridge Venture Partners brings Robinhood to $16 million in funding.
More details in this article – Robinhood Techcrunch article
Houston, TX — Sep 10, 2014 Cornerstone Co-Founder Larry Hayward will be participating at the Energy & Clean Technology Venture Forum on Thursday, September 11. As part of the program he will also be holding office hours on September 10 from 2:30pm to 5:00pm. All of the events are held at the Jones Graduate School of Business at Rice University at McNair Hall in Houston, Texas.
The Rice Alliance’s 12th Annual Energy and Clean Technology Venture Forum on September 11, 2014 is the largest energy and clean technology venture capital conference in the southwest.This event represents an opportunity to learn about the latest emerging technologies, meet investors to seek funding, see promising companies, learn about investment opportunities, meet individuals from the energy & clean technology industry, learn about promising companies seeking to expand their management team, as well networking and learning opportunities for entrepreneurs, researchers, investment professional and business executives. For more details on the event please follow the link. Rice University Energy & Clean Technology Venture Forum
Minneapolis,MN — Sep 10, 2014 Cornerstone Co-founder Larry Hayward has been appointed to the advisory committee of the 2014 Midwest Innovation Summit. The 2014 Midwest Innovation Summit will take place on October 27-28, 2014, at the Depot Hotel in Minneapolis, Minnesota.
This annual conference, organized by Midwest Cleantech Open and partners, explores how the Midwest is capitalizing on these trends and providing market leadership, and offers insights into new industry developments and upcoming opportunities. Organized by Midwest Cleantech Open and it’s partners, this flagship event convenes professionals interested the segment of the Impact Economy focused scalable solutions that drive natural resource efficiency and/or reduce environmental impact. Summit attendees include:
- Financial and strategic investors and financial institutions
- Emerging businesses and large and small corporations
- Policymakers and sustainability professionals Industry trade organizations Academia
For more details on the event please follow the link. 2014 Midwest Innovation Summit
Chicago, IL — Sep 4, 2014 Cornerstone Founder Larry Hayward will be speaking at the 2014 New England Venture Summit on December 9th 2014.
The 9th annual New England Venture Summit, presented by youngStartup Ventures, is the premier industry gathering connecting venture capitalists, corporate VCs, angel investors, technology transfer professionals, senior executives of early stage and emerging growth companies, university researchers, incubators and premier service providers. For more details on the event please follow the link. 2014 New England Venture Summit
Michael Gruber joins Nick Moran of The Full Ratchet to discuss Angel Groups.
You can listen to the full interview at the following link –
Michael Gruber interview on Full Ratchet
Online food ordering company EatStreet looks to be Madison’s answer to GrubHub
CHICAGO, Apr. 8, 2014 – Cornerstone Angels and COP portfolio company EatStreet, an online and mobile food ordering service, has now raised an additional $6 million in Series B funding. The round included participation from Series A investors Cornerstone Opportunity Partners, Independence Equity, Great Oaks Venture Capital as well as from CSA Partners, Silicon Valley Bank, and other angels. Please see press release below for more details –
Chicago, IL — Jan 15, 2014 — Laurence K. Hayward is appointed to Chairman of the Board of Cee6Cubed. Chicago-based Cee6Cubed designs and manufactures nano-composite materials and components. The company is commercializing the use of spark plasma sintering (SPS) to produce silicon carbide, tungsten carbide, silicon nitride and novel composite materials. Hayward’s fellow Board members include the company’s founders as well as representatives from Superior Graphite, which has provided graphite and carbon-based solutions to a wide range of markets since 1917. For more information see www.cee6cubed.com.
Chicago, IL — Nov 22, 2013 — Laurence K. Hayward is appointed to the Board of Directors of Cee6Cubed. Chicago-based Cee6Cubed designs and manufactures nano-composite materials and components. The company is commercializing the use of spark plasma sintering (SPS) to produce silicon carbide, tungsten carbide, silicon nitride and novel composite materials. Hayward’s fellow Board members include the company’s founders as well as representatives from Superior Graphite, which has provided graphite and carbon-based solutions to a wide range of markets since 1917. For more information see www.cee6cubed.com.
Madison start-up EatStreet gobbles up more online restaurant orders. Follow link for article
Chicago, IL — Nov 14, 2013 Larry Hayward participated as a speaker at Angel Resource Institute’s Power of Angel Investing Seminar.
For more details on the event please follow the link. Bootcamp: The Power of Angel Investing
Chicago, IL — Nov 5, 2013 Verizon features Laurence Hayward of Cornerstone Angels on accessing growth capital. The free webinar on November 5th, 1pm (CST), is 45 minutes and will cover the following topics:
- Your best funding options based on your goals and where your business is at
- The steps to securing capital, and how to manage the process start to finish
- How to create a realistic timeline, and what to expect along the way
- What investors look for before funding a small business
- What documents you need and how to prepare and present a polished package
- Where to find and connect with potential investors
Registration and further details can be accessed by using the link below.
DETROIT, Oct. 22, 2013 – Cornerstone Angels and COP portfolio company Boostup.com (formerly Motozuma) recently secured a $1 million round of funding, led by Detroit Venture Partners (DVP). Other investors include Cornerstone Angels (COP), angel investor Patrick Sullivan, and IncWell. As part of IncWell’s investment, Tom LaSorda, former CEO of Chrysler, has signed on as a BoostUp advisor. Please see press release below for more details –
Chicago, IL — Oct 21, 2013 On October 21, Hayward held office hours at 1871 serving as a volunteer mentor for Impact Engine, an accelerator comprised of companies developing innovative ideas that address today’s societal and environmental challenges.
Cornerstone Angels Founder and Managing Director, Michael Gruber, recently gave an interview to Fundology.com regarding – Cornerstone Angels as well as angel investing in general.
You can find the video interview at the following link – Gruber Interview
About Fundology – Fundology is where investors and dealmakers connect and collaborate to get deals done faster. We connect professionals based on investment interests and make it easy to find relevant, quality deals. You will find private company stocks, M&A, funds, and debt deals. Fundology builds and strengthens your network, keeping you connected and giving you the inside track on exclusive investment opportunities.
Houston, TX — Sep 12, 2013 Cornerstone Angels Director Larry Hayward participated as a Speaker/Panelist at Rice University’s 11th Annual Energy & Clean Tech Venture Forum in Houston.
The purpose of the Venture Forum is to showcase early-stage technology companies. The Venture Forum provides companies with exposure to potential investors, partners, mentors, customers, and other individuals who support the entrepreneurial ecosystem. This annual event is an opportunity for company’s to highlight their promising technology in a venue that last year attracted over 475 venture capitalists, early stage investors, successful entrepreneurs, and other business leaders. For more details on the event please follow the link. Rice University 11th Annual Energy & Clean Tech Venture Forum
Chicago, IL — July 29, 2013 Cornerstone Angels Director Larry Hayward will be speaking at Efactor’s Angel Investing Keynote Panel to be held in downtown Chicago on August 21.
Larry will be among a group of Angel Investors and CEOs/Founders who will speak about Angel Investing. For more details on the event and future Efactor events please follow the link. Efactor Presents : Angel Investing
EFactor, the world’s largest entrepreneurial community, provides resources that every small business owner needs: funding, knowledge, gain revenue and save cost. At EFactor, entrepreneurs exchange ideas with experts, receive exclusive discounts on business tools, interact with potential partners or clients, and discover funding for their startups.
Chicago, IL — June 5, 2013 — Cornerstone Angels Director Larry Hayward has recently been elected to the Board of Directors for EcoMyths Alliance. EcoMyths Alliance is a not for profit organization whose mission is to make it easy and enjoyable for people to improve their environment by providing relevant, actionable information about the environment. To do this, they call upon an all-star alliance of experts from some of the most respected nature institutions around to provide people with just the facts.
Cornerstone Opportunity Partners, LLC an early stage investment fund affiliated with Cornerstone Angels leads $2mm Series A funding round for Madison, Wisconsin based restaurant order management platform company EatStreet.
See press release at the following link. Press Release
Chicago, IL — February 5, 2013 — Cornerstone Angels Director Larry Hayward was quoted in a recent article in Forbes about investing in the social sector and supporting impact entrepreneurs. The article titled “Social Enterprise: The Investor’s Final Frontier” was published on Forbes.com on February 5th. Please follow this link for the full article.
GALESBURG, IL – December 17, 2012 – Glen Barton, Retired Chairman/CEO of Caterpillar, has joined Intellihot’s Board of Directors. Intellihot, which manufactures energy-efficient tankless water heating systems and boilers for residential and commercial applications is a portfolio company of Cornerstone Angels. See press release below for details.
KNOXVILLE, Tenn. – Nov 30, 2012 – Cornertone Angels Portfolio Company Lucky Litter LLC has been acquired by Radio Systems Corporation. For details see press release below.