MITX and K&L Gates sponsor a panel discussion on obtaining small seed investments for startups focused on Web-based software, with speakers including Christian Heidelberger, CEO, Nexaweb; Sim Simeonov, partner, Polaris Venture Partners; Michael Spataro, vice president of partnerships, Visible Technologies; and Austin Westerling, partner, Charles River Ventures.
From MIT’s event description: “Web 2.0 startups are fast becoming an integral part of every company’s online strategy. Web 2.0 products, which include those facilitating user participation, podcasting, social networking and blogging, have become integrated into all aspects of business. This allows a continual interaction between brands and consumers, companies and clients. VCs are taking notice. Many of these web-based startups require smaller levels of capital. VCs, who previously may not have funded any companies for less than $3M, want to be involved. For example, larger cap firms are offering seed investments such as ‘Quick Start’ loans for $250K and programs for entrepreneurs coming out of college offering $7.5K to $15K grants. The benefits of getting even small amounts of VC money are huge. It allows startup companies to recruit top-level talent while raising money for future rounds of funding. Seed money IS coming into New England and IS going toward web 2.0 and emerging technology companies. Find out how to get your piece of this pie.”
MITX members get in free; non-members, $35. Register here.