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The May Report: 3/11/2013: “Waverly Deutsch is an absolute genius,” declared Richard Cross who just won the Coinstar Whiteboard Challenge held at Chicago Booth Thursday night along with a quick…


The May Report: 3/11/2013: “Waverly Deutsch is an absolute genius,” declared Richard Cross who just won the Coinstar Whiteboard Challenge held at Chicago Booth Thursday night along with a quick $1,000. Richard added that he does not know if Waverly is angry, but “she can tear apart a business plan and then piece it back together better than anyone else I know.” At the Coinstar presentations, there were seven contestants, five judges, including three from Coinstar http://www.nypost.com/p/news/business/coinstar_placates_investors_Ta3uPNEITI9x3lmcBaXEiI , Jean-Pierre Dubé, a chaired Booth marketing professor with pricing expertise http://www.chicagobooth.edu/faculty/directory/d/jean-pierre-dub, and Waverly http://www.chicagobooth.edu/faculty/directory/d/waverly-deutsch . To qualify, each contestant had to write a one-page description of his or her idea, and Richard notes that this was true Whiteboard challenge. That’s why Richard missed the Funding Feeding Frenzy www.fundingfeedingfrenzy.com kickoff in which two former winners and seven new companies presented on Thursday night. The new companies were www.myrytebytes.com, www.3dfigureworks.com, www.bankiou.com, https://birdfeud.com/, www.foodjunky.com, http://barkbarkclub.com/ , and A la carte (I can’t find the URL); Bird Feud and Food Junky have been around a while and did well, but I was naturally impressed by the 3-D printing of figurines done by www.3dfigureworks.com; Jerry Freeman’s http://www.paletteapp.com/ , a former winner, is plugging along, but their fundraising appears to be lagging since they have $500K committed out of the $1.5MM they’re seeking, but they’ve closed only $65K so far. A non-presenter was http://www.wannadolocal.com/ which has a site in Nashville, and has raised $400K; typical and recent Bird Feud topics include: Should Congress pass a law to raise the minimum wage?; Lamborghini Veneno vs. Ferrari LaFerrari; As a leader, is it better to be feared or loved?; Who is the better announcer: Doc Emrick or Gus Johnson; Which is the better marketing investment for companies in 2013?; Do you support Marissa Mayer’s decision to stop telecommuting at Yahoo! or are you against it?; Which entree would you rather pair with a rich 2007 California Pinot Noir? Roasted Whole Duck; Who is more to blame for the federal budget sequester?; my mania seems to have subsided, but I still think what Greenberg Traurig, LLC did to Billy and Angela Suddarth stinks, plus it’s obvious that Eric should can Charles Sipkins; Christina Jones started www.reallyreal.com (I talked to her at BiC at Rockit); Brian Platz of www.silkroad.com told me at Rockit that they have 500 employees, 19 offices worldwide, 50 here, and 80 in North Carolina; another company there was Jay Sebben from www.crowdfynd.com, and Todd Wyder, Kristi, and Jared, I have not forgotten our conversations!; A shout out to Kweni Guiao, (pronounced “queenie”), a fairly new nurse at my dialysis center who adds joie de vivre, and a fresh spunky attitude which is much needed in that often moribund place; BTW, you don’t get to read David Hume in Crain’s

Editor and publisher: Ron May, ron@192.168.1.100/tmr ronaldmay@aol.com,www.192.168.1.100/tmr, 773-525-3944.

If you missed an article, go here: www.tmronline.com/A55951/tmrarticles.nsf/vwFullNewsletter _______________________________ **************************************** Cyber Forensics & Security Conference & Expo

April 18 & 19, 2013 in Wheaton, IL

We invite you to attendee, speaker, or sponsor/exhibitor, of ForenSecure’13: IT Forensics and Security Conference and Expo at Illinois Institute of Technology. This is an industry-focused technical conference (not an academic conference) with multiple tracks. 200+ professionals will discuss and debate forensics, security, cyber-crime and security, cyber security legislation and legal issues, ethical hacking, eDiscovery, cloud forensics, policy and compliance, privacy, mobile and wireless security, cloud computing, identity theft, and more.

A dynamic and growing number of organizations have contributed to the success of this conference, including: the FBI, IBM, KPMG, Microsoft, Cisco, Motorola, AccessData, Argonne National Laboratory, The Chicago Police Department, CompTIA, Computer Associates, Fermilab, SunGard, and many others.

Join us! There are many ways you can participate:

Attend – $150 – Special Ron May Report rate (by March 15, 2013) $200- General attendee *includes breakfast, lunch, cocktail hour and materials

Sponsor/Exhibit- Promote your business to 200+ technical professionals: Platinum- $1,500 / Gold – $750 / Silver – $500 (includes 2 free registrations) To sponsor, please contact Scott Pfeiffer at pfeiffer@iit.edu or630-682-6001.

Speak – Speaking is free, but requires approval. Please send presentation proposals to Ben Khodja at bkhodja@hawk.iit.edu.

Questions, contact Scott Pfeiffer at pfeiffer@iit.edu or 630-682-6001. *************************************** _________________________ ************************************** IT’S SO POPULAR, THE SHOW HAS BEEN EXTENDED INTO APRIL   Crime Scene: A Chicago Anthology

Collaboraction at Flat Iron Arts Building

Crime Scene: A Chicago Anthology is a timely new theatrical reaction to Chicago’s history of violent crime and a call to discover what it might take to create lasting change in our city. The show, a Collaboraction world premiere conceived and directed by Anthony Moseley, couples nonfiction source material such as interviews, articles, and online comments with three true Chicago crimes to raise critical questions surrounding segregation, poverty, the news media, popular culture, and our numbness to it all.

Chicago Tribune- Highly Recommended Chicago Sun Times- Highly Recommended NewCity Chicago- Highly Recommended Stage and Cinema- Highly Recommended

Click Here for Half-Price Tickets https://www.goldstar.com/signup ***************************************** _______________________________ TABLE OF CONTENTS   The Scoop section:   — Crain’s: Illinois hopes to hit the lotto picking startups [May here. This article has been edited so that I can avoid clashing with the editors.] — No offense Andrew Yang, but this quote is typical of Crain’s: “Launched in 1997 by a predecessor to the IFA, the just-liquidated venture fund poured $13.9 million into at least three dozen companies by 2008, with more misses than hits.” Andrew, of course more misses than hits. That’s the fundamental nature of venture capital and seed capital investing. — Steve Reiss gives Ron some rules of engagement — WSJ: Google’s Motorola Unit to Cut 10% of Workforce — CCEA tonight: Starts at 5:30pm — Next Built in Chicago is the 18th — David L. Seitelman: Efoora Part Two — Tuesday, March 12: International IP Strategy: A Cornerstone for Growth in Global Markets — Tuesday, March 19: LES Chicago Chapter Meeting: Anatomy of a Deal, John Flavin, Managing Director, Flavin Ventures and CEO, Cell Habitats — Tuesday, March 19: ACG Chicago: Our Annual Forum on The Primary Drivers of Midwestern Job Growth — MIT Enterprise Forum future events and the IMSA event was rescheduled due to the snow storm last Tuesday — Techweek: Parties this Weekend + Techweek LAUNCH Applications Now Open! — 3 New Tech Startups That Are Changing the Loyalty Landscape and Synchology is a Chicago area firm http://www.builtinchicago.org/blog/chicago-tech-startup-synchology — Miscellaneous messages: 9 notes — Interesting article in Huff Post: http://www.huffingtonpost.com/2013/02/26/scientifically-beautiful_n_2741136.html?icid=maing-grid10%7Chtmlws-main-bb%7Cdl6%7Csec1_lnk3%26pLid%3D275433 — Huff Post again: Lincoln-Kennedy Coincidences: Why Do They Still Thrive On The Internet? — MEF newsletter: 1) SBA Launches Affordable Care Act Web Page & Blog; 2) NVCA Eyes New Regs for Growth-Focused Firms By Jonathan Marino; 3) Astia Angel investor network that invests in women-led, high-growth businesses led by active and experienced angel investors.; 1) SBA Launches Affordable Care Act Web Page & Blog   [Editor's note: May here. Tarkus, I'll try to fit your tome in later this week.] _____________________________ ******************************************* MIT Enterprise Forum events

Inbox x

Nancy Munro <nancy@knowledgeshift.net> 10:33 AM (26 minutes ago) to me Ron: Here is a list of upcoming events:

Registration sponsor for International IP Strategy: A Cornerstone for Growth in Global Markets http://www.mitefchicago.org/content.aspx?page_id=87&club_id=375711&item_id=268991 March 12th

April 9th Future of Chicago’s Wireless Innovators http://www.mitefchicago.org/content.aspx?page_id=87&club_id=375711&item_id=272512

April 29th ISMA Finals of Power Pitch http://www.mitefchicago.org/content.aspx?page_id=87&club_id=375711&item_id=262608&sl=167106209

Nancy Munro, CEO Chair Chicago MIT Enterprise Forum KnoweldgeShift Inc. 200 S. Wacker Ste 1500 Chicago, IL 60606 888-929-2950 office 630-747-4048 cell ******************************************** ___________________________ *********************************** Subject: YCC Story Lead: Steppenwolf’s Voices of Youth Violence March 13 5-8pm Chicago Public Library — Greater Grand Crossing 1000 E 73rd St. Date: 3/6/2013 11:07:31 A.M. Central Standard Time From: leo@howehutton.com To: leo@howehutton.com

Community and media colleagues, Steppenwolf Theatre for Young Adults Presents How Long Will I Cry?: Voices of Youth Violence Date: Wed. March 13, 2013 Time: 5:00 pm – 8:00 pm Location: Greater Grand Crossing 1000 E. 73rd Street 60619 Program: Teen Volume About this event: To be presented in partnership with the Greater Grand Crossing Branch at the Gary Comer Youth Center! **************************************** __________________________ The Scoop section: _________________ Crain’s: Illinois hopes to hit the lotto picking startups [May here. This article has been edited so that I can avoid clashing with the editors.] — No offense Andrew Yang, but this quote is typical of Crain’s: “Launched in 1997 by a predecessor to the IFA, the just-liquidated venture fund poured $13.9 million into at least three dozen companies by 2008, with more misses than hits.” Andrew, of course more misses than hits. That’s the fundamental nature of venture capital and seed capital investing.   http://www.chicagobusiness.com/article/20130309/ISSUE01/303099979/illinois-hopes-to-hit-the-lotto-picking-startups

Illinois hopes to hit the lotto picking startups

By Andrew L. Wang March 11, 2013

14 6 1 4

William Brandt Jr., chairman of the Illinois Finance Authority Erik Unger Less than a year after the Illinois Finance Authority took a $2.1 million loss to shutter its troubled startup investment fund, Chairman William Brandt Jr. is jumping back into the game. The new IFA venture-capital fund would start with $3 million to $5 million, financed by the agency’s own reserves, says Mr. Brandt, a prominent Democratic fundraiser and CEO of Chicago-based turnaround firm Development Specialists Inc. The fund, expected to launch in a couple of months, would provide early-stage capital that is particularly scarce amid the weak local economy. Mr. Brandt was appointed to the unpaid position in 2008 by Rod Blagojevich to fix a little-known agency that had been tinged by a scandal of the former governor’s own making. The IFA’s primary role is issuing tax-exempt bonds for hospitals, schools and other nonprofits; it issued $2.49 billion in 2012. Now, Mr. Brandt says the IFA is ready to revive a venture fund marred by poor performance and inadequate accounting controls. Nationwide, the number of public venture funds has grown since the recession, with state agencies ranging from New York to Georgia trying to pick private-sector winners, with mixed results. Some decisions have been tainted by a lack of financial expertise or political influences, says Josh Lerner, a professor of investment banking at Harvard Business School who has studied the funds. … Launched in 1997 by a predecessor to the IFA, the just-liquidated venture fund poured $13.9 million into at least three dozen companies by 2008, with more misses than hits.

… In 2009, the state auditor general faulted the IFA for not obtaining an independent valuation of the fund since 2006. After an outside appraisal, the book value of the investments was cut in 2010 by more than 50 percent, to $2.5 million. The value fell slightly in 2011. On June 8, the IFA auctioned off the remaining holdings for $173,171.

… The new fund will not require additional state legislation but must be approved by the 15-member IFA board. The IFA booked $2 million in net income in the fiscal year ended June 30, including the loss on the liquidated fund. It had $58.7 million in unrestricted cash and equivalents on its balance sheet. ….

Read more: http://www.chicagobusiness.com/article/20130309/ISSUE01/303099979/illinois-hopes-to-hit-the-lotto-picking-startups#ixzz2NEytEN3X Stay on top of Chicago business with our free daily e-newsletters ____________________________ Steve Reiss gives Ron some rules of engagement   Subject: RE: Steve, as I wrote to Michael, how much of this am I allowed to primt? Date: 3/11/2013 9:32:17 A.M. Central Daylight Time From: sreiss@crain.com To: RONALDMAY@aol.com

Dear Mr. May: Ideally, no more than two to three paragraphs, with a link. Best, Steve Reiss Managing Editor Crain’s Chicago Business sreiss@crain.com | @StephenReiss 312-280-3197 (office) 301-602-1516 (mobile) __________________________________ WSJ: Google’s Motorola Unit to Cut 10% of Workforce   March 8, 2013, 12:02 a.m. ET . Google’s Motorola Unit to Cut 10% of Workforce . By AMIR EFRATI Google Inc.’s GOOG +0.49% Motorola Mobility hardware unit has begun laying off about 1,200 employees, or more than 10% of its headcount, according to a company email reviewed by The Wall Street Journal, as the smartphone maker continues trying to return to profitability. Google’s Motorola Mobility hardware unit has begun laying off about 1,200 employees, or more than 10% of its headcount, George Stahl reports on digits. Photo: Getty Images. . Motorola staffers were informed by the company via email this week that “while we’re very optimistic about the new products in our pipeline, we still face challenges.” The company email added that “our costs are too high, we’re operating in markets where we’re not competitive and we’re losing money.” The layoffs will affect workers in the U.S., China and India.

Earlier Samsung Sparks Anxiety at Google (Feb. 25) Google Designing ‘X Phone’ to Rival Apple, Samsung (Dec. 21, 2012) Google Slices Motorola Mobility Staff (Aug. 13, 2012) With Motorola, Google’s Mobile Balancing Act Begins (May 22, 2012) . A Motorola spokesman said: “These cuts are a continuation of the reductions we announced last summer. It’s obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition.” The new cuts come on top of a 20% reduction of Motorola’s workforce that started last August, when it said it would lay off 4,000 employees. As of the end of 2012, Google said Motorola had 11,113 employees. That didn’t include the Motorola Home business, which makes television set-top boxes and was sold to Arris Group Inc. ARRS +0.51% for $2.35 billion in December. Google agreed to pay $12.5 billion for Motorola in a deal struck in mid-2011. Since the acquisition was completed, Motorola has continued to show operating losses as its smartphone and tablet market share has waned. In the third quarter of 2012 it posted an operating loss of more than $500 million and a loss of more than $350 million in the fourth quarter.

Google has transferred numerous executives and product managers to help run Motorola with the hope of producing devices that would rival those of Apple Inc. AAPL -1.00% and Samsung Electronics Co. 005930.SE +0.60% In December, The Wall Street Journal reported Motorola was working on a device it called the “X Phone” that could become the unit’s flagship device. . At the same time, Google has pledged to not give special advantages to Motorola, which like Samsung uses Google’s Android mobile operating software to power its devices.

Google executives have referred to Motorola as an insurance policy in case Google loses control of Android to Samsung, which has commanded a growing share of the Android-based device market, according to people familiar with the matter. In such an event, Google would pour more of its resources into Motorola and could potentially integrate it with the Android software unit, these people said. A Motorola spokesman declined to comment.

Write to Amir Efrati at amir.efrati@wsj.com ______________________________ CCEA tonight: Starts at 5:30pm   Subject: Re: What floor, how do I get in with wheelchair? Is it the old Aon building? Date: 3/11/2013 10:17:31 A.M. Central Daylight Time From: dstern@chicagocleanenergyalliance.org To: RONALDMAY@aol.com

Hello Ron,

You will have to check in with building security and its one of these “nice” office buildings in Chicago. The event is at:

Baker & McKenzie LLP 300 East Randolph Street Suite 5000 Chicago, IL 60601

This is the BlueCross building next to the Aon building. I think its the 30th floor but securing will let you know.

I will put your name on the list.

Darrin On Mon, Mar 11, 2013 at 10:01 AM, <RONALDMAY@aol.com> wrote: Darrin Stern Founding Board Member Board Secretary Chicago Clean Energy Alliance p: 773-727-0337 e: dstern@theccea.org w: www.theccea.org Please consider the environment before printing this email. ___________________________ Next Built in Chicago is the 18th   Subject: Re: Maria, when and where is BiC this month? Date: 3/11/2013 9:53:29 A.M. Central Daylight Time From: maria.c.katris@gmail.com Reply To: To: RONALDMAY@aol.com

6 p.m. on March 18th at Rockit. Link below.

http://www.builtinchicago.org/events/built-chicago-launch-march

On Mon, Mar 11, 2013 at 9:34 AM, <RONALDMAY@aol.com> wrote: __________________________ David L. Seitelman: Efoora Part Two   Fwd: Efoora Part Two Inbox x

JJW501@aol.com 7:25 PM (6 hours ago) to me AND THE BEAT GOES ON, CAN YOU BELIEVE THIS ! I LOST $30,OOO WITH THESE CLOWNS…….

 

From: dseitelman@sbcglobal.net To: dseitelman@sbcglobal.net Sent: 2/27/2013 11:13:02 A.M. Central Standard Time Subj: Efoora Part Two

I thought you would find this interesting and maybe unbelievable.

David L. Seitelman Managing Director Safersonic US, Inc. 2873 Arlington AV, Ste. 110 Highland Park, IL 60035 Telephone: (847) 274-1534 Facsimile: (847) 897-2061

From: messages-noreply@bounce.linkedin.com [mailto:messages-noreply@bounce.linkedin.com] On Behalf Of Zakir Murtaza via LinkedIn Sent: Wednesday, February 27, 2013 10:54 AM To: David Seitelman Subject: How are you

LinkedIn Zakir Murtaza has sent you a message. Date: 2/27/2013 Subject: How are you Hi David, Hope you are doing fine, as you might know we reestablished the Efoora’s products under Applied Biomedical LLC after acquiring from receiver in 2008 and moved our operation to orange county, California. We have 7500 sq.ft facility with 1500 sq ft of class VIII clean room, We are also FDA registered and have California State license to manufacture medical devices. We are now ready to produce HIV rapid test and pregnancy rapid test under cGMP and have capability to produce about million tests per months. We are open for independent marketing of this product, if you or some one you know might be interested please let me know. I thought since you know our product might be right person to ask. Apart from these products we are also getting ready to submit 510K application for our PRIMOS (Glucose) and talking to companies for production of strips in Mexico and Philippines. However, If you have any question please let me know. regards, Zakir _______________________________ Tuesday, March 12: International IP Strategy: A Cornerstone for Growth in Global Markets   Subject: Fwd: March 12 Event Date: 3/6/2013 11:47:00 A.M. Central Standard Time From: mona@monapearl.com To: ronaldmay@aol.com, ron@192.168.1.100/tmr

Hi Ron,

Great talking with you. Will this work?

Thanks, and let’s do lunch next week. OK?

Mona

International IP Strategy: A Cornerstone for Growth in Global Markets Opportunities and Challenges in the World of Intellectual Property Law Tuesday, March 12, 2013 at 5:30 PM CST Going global? Your brand, your innovations, and your technical know-how can be some of the biggest assets at risk. Intellectual property laws around the world are as distinct and diverse as the cultures in which they operate. Please join us and a panel of experienced IP and business professionals to discuss the myriad of intellectual property issues that may arise while your company grows globally. Location To Register: Marshall, Gerstein & Borun LLP Due to building security must register by March 11th 233 South Wacker Drive IERG Members: $20.00 per attendee 6300 Willis Tower Login into IERG & register for the event Chicago, IL 60606-6357 Guests: $35.00 per attendee Guests, click here to register: http://bit.ly/ierg-ip

Potential attendees include C-level executives, Board Members from multiple industries, trade associations, state and local business development organizations, investors and wealth managers and service providers, as well as executives interested in gaining a deeper understanding of the practical aspects of intellectual property in the international marketplace. Agenda 5:30 PM Registration and Networking 6:00 PM Introduction and Moderator: Michael Lev Associate Managing Editor/Business, Chicago Tribune Panel Discussion (see bios on following pages): Michael P. Furmanek Partner, Marshall, Gerstein & Borun LLP Lily Rin-Laures, M.D. Partner, Marshall, Gerstein & Borun LLP Paul Brown Assistant General Counsel, Underwriters Laboratories (UL) Robert Loewer Director of Finance, National Railway Equipment Co. Char Whitaker Corporate Vice President of Motorola Solutions, Inc., and lead IP counsel for Motorola Solutions Heather Wilson Executive Vice President & Corporate Group Director, Ogilvy PR Chicago 7:00 PM Closing Remarks: Bruce Montgomery Founder and President, Montgomery & Company; Founder and Executive Producer, Technology Access Television 7:00 PM- Reception and Networking with complementary wine and appetizers 8:00 PM — Mona Pearl “Grow Globally: Opportunities for Your Middle Market Company around the World” (312) 642-4647 ____________________________ Tuesday, March 19: LES Chicago Chapter Meeting: Anatomy of a Deal, John Flavin, Managing Director, Flavin Ventures and CEO, Cell Habitats   Inbox x

LES Chicago Chapter chapters@les.org via mail82.us4.mcsv.net 1:14 PM (12 hours ago) to me Images are not displayed. Display images below – Always display images from chapters@les.org Email not displaying correctly? View it in your browser. LES Chicago Chapter Meeting DATE & TIME Tuesday, March 19, 2013 11:45 AM – 1:00 PM LOCATION Maggiano’s 516 N. Clark St. Chicago, IL 60654 (312) 644-7700 TITLE Anatomy of a Deal SPEAKER: John Flavin, Managing Director, Flavin Ventures and CEO, Cell Habitats DESCRIPTION Putting together a unique and successful transaction is one of the highlights in the career of any licensing or business professional. Behind every deal there is always a fascinating story about how it came about, how it was constructed, and the eventual results. This presentation will focus on a ground-breaking transaction between Advanced Life Sciences and Abbott Laboratories on the antibiotic cethromycin. Advanced Life Sciences’ co-founder and former President, John Flavin, will break down the deal to discuss its structure, the parties negotiation strategies, IP licensing considerations and results of the deal for both parties. Mr. Flavin will give an insiders’ view of how the transaction impacted the future of both the companies and the pharmaceutical industry. Click here for registration and meeting details. You are receiving this message because you participated in the events and activities of the Licensing Executives Society, USA & Canada. Our mailing address is: Licensing Executives Society 1800 Diagonal Road Suite 280 Alexandria, VA 22314

Copyright (C) 2012 Licensing Executives Society All rights reserved. _________________________ Tuesday, March 19: ACG Chicago: Our Annual Forum on The Primary Drivers of Midwestern Job Growth   Corrected date – New Speaker added to March 19- Join us Inbox x

ACG Chicago <Networking@acgchicago.com> 12:51 PM (23 hours ago) to me Images are not displayed. Display images below – Always display images from Networking@acgchicago.com

I had a bad date in last Friday’s email and want to make sure everyone knows this great event is a week from next Tuesday! We added Herman Brewer, Bureau Chief, Cook County Bureau of Economic Development as an opening speaker Tuesday, March 19th! If you saw the news about unemployment being at a 4 year low for the nation and Illinois’ unemployment rising to 9%, then you know we have a lot to talk about. We need to see you there because It Matters! It matters how vibrant our business community is and how well be can build upon the great legacy of industry, technology, talent and plain old “roll up your sleeves” work ethic. It matters to us that you and your peers are a part of this conversation so please bring a client, colleague or friend and join us for this critical discussion. REGISTER TODAY TO JOIN IN THIS DISCUSSION

A Morning Conclave with Breakfast starting at 7:30 am & the Program 8:15 – 11:30 am

Our Annual Forum on The Primary Drivers of Midwestern Job Growth Chicago is one of the world’s emerging “megacities,” ranked No. 6 in Foreign Policy magazine’s Global Cities Index (behind only New York, London, Tokyo, Paris, and Hong Kong). We need to understand where to invest to maintain and grow this momentum. Addressing the Issues, Opportunities and Threats Today and Beyond These experts will bring together the various core economic theories, business perspectives, complex organizational perspectives, and other visions and information from recent studies to outline solutions to driving sustainable growth. Herman Brewer, Bureau Chief, Cook County Bureau of Economic Development Timothy J. Classen, Associate Professor of Economics, Quinlan School of Business, Loyola University Chicago Derrick K. Collins, Dean, College of Business, Chicago State University Benjamin F. Jones, Associate Professor, Kellogg School of Management, Northwestern University Anil K. Makhija, Dean’s Distinguished Professor of Finance, Fisher College, Ohio State University Michael S. Miller, Associate Professor of Economics, Driehaus College of Business, DePaul University Caralynn V. Nowinski, M.D., Associate Vice President for Innovation & Economic Development, University of Illinois Ira S. Weiss, Clinical Professor of Accounting and Entrepreneurship, Booth School of Business, University of Chicago, and Moderator David Heinke, Business Development Executive, Grant Thornton

Tables of 8 are available for $300! Bring your clients, your colleagues and key advisors for this critical discussion about drivers of sustainable growth! Register Today for Tuesday, March 19th @ The Standard Club, 320 S. Plymouth Court, Chicago, IL http://www.acgchicago.com/events/event.aspx?F_d=03%2f19%2f2013&F_y=2013&F_m=3&EventId=5336& Early Bird Member Registration – $40.00 General Early Bird Registration – $60.00 (Early Bird Rates end 3/14/13) _____________________________ MIT Enterprise Forum future events and the IMSA event was rescheduled due to the snow storm last Tuesday   MIT Enterprise Forum events Inbox x

Nancy Munro <nancy@knowledgeshift.net> 10:33 AM (26 minutes ago) to me Ron: Here is a list of upcoming events:

Registration sponsor for International IP Strategy: A Cornerstone for Growth in Global Markets http://www.mitefchicago.org/content.aspx?page_id=87&club_id=375711&item_id=268991 March 12th

April 9th Future of Chicago’s Wireless Innovators http://www.mitefchicago.org/content.aspx?page_id=87&club_id=375711&item_id=272512

April 29th ISMA Finals of Power Pitch http://www.mitefchicago.org/content.aspx?page_id=87&club_id=375711&item_id=262608&sl=167106209

Nancy Munro, CEO Chair Chicago MIT Enterprise Forum KnoweldgeShift Inc. 200 S. Wacker Ste 1500 Chicago, IL 60606 888-929-2950 office 630-747-4048 cell _____________________________ Techweek: Parties this Weekend + Techweek LAUNCH Applications Now Open!   Parties this Weekend + Techweek LAUNCH Applications Now Open! Inbox x

Techweek info@techweek.com via mail14.us1.rsgsv.net Mar 8 (2 days ago) to me Images are not displayed. Display images below – Always display images from info@techweek.com Is this email not displaying correctly? View it in your browser Last Call to join us at SXSW!

In only two days, Techweek will ship off to Austin to exhibit and throw our 2nd Annual Chicago Party. If you didn’t respond yet, it’s time for you to check your pulse and then get over to our party page and RSVP! Our Techweek VIPs, registered guests, and SXSWi badge holders can look forward to: Top entrepreneurs from Chicago and beyond in attendance 17 innovative companies showcasing from Chicago and Austin Chicago style dogs with an Austin twist with the help of Frank Authentic Chicago deep dish pizza from Lou Malnati’s Open bar featuring 312 beer on tap for limited time DJ performing a tribute to the Chicago origins of EDM We expect a packed party, so remember to RSVP and arrive early to get in. Your company interested in sponsoring a Techweek party? For details, e-mail Kyle.

LAUNCH application NOW OPEN! http://techweek.com/chicago/events/techweek-launch/?utm_source=Techweek+Chicago+Newsletter&utm_campaign=78a71850cb-February+Email+-+2&utm_medium=email

Techweek LAUNCH provides a vision of the future by introducing you to the progressive risk takers who are paving the way. Now in its third year, the one day event will take place on June 28 @ Startup City located in the heart of our expo hall. Here is how it works: Startups must be < 3 years old and received < $2 Million in funding Over 70 pre-qualified startups compete by demoing their products and services All participants will pitch to venture capitalists and influential technology figures Top 5 teams move to a final round of pitches and Q&A on the conference stage The winner will receive over $100,000 in cash and prizes Apply today Want your brand in front of Chicago’s hottest startups? Contact Michael for information.

Join Techweek @ Lunatique

Techweek will be out in force at Redmoon’s annual Gala Benefit on March 9. Come watch as Matt Moog receives the inaugural Redmoon Galvanizer Award for his work promoting community in the digital space. Expect 7 hours of celebration that includes monkeys, pancakes and cigars, a bear, 164 performers, open bar, a fire organ and mobile DJ… the list goes on. Here is what you need to know: Date: Saturday March 9 Place: 2120 S Jefferson St, Chicago, IL 60601 The Special: VIP reception: 7PM – 9:30PM The Main Show: 9:30PM to late Only a handful of advance purchase, late-night tickets left. Click here to secure your lower priced tickets before prices go up at the door.

Our Next 10: Hiring Fair Sneak Peak

Countless companies realize what Techweek already knows – there is great talent in Chicago. That’s why we wanted to share another batch of companies that are looking for the brightest at our Hiring Fair inside our Expo floor. When: Saturday, June 29 Where: Inside the Techweek Expo hall, 8th floor Merchandise Mart What: 80+ growing companies Want access to Chicago’s talent too? Contact Mark today.

Stay in the know with #techweekchi See what we’re up to! Join our network on LinkedIn Watch videos of past presentations & highlights Forward to a friend Copyright © Techweek 2012, All rights reserved. 222 West Hubbard St., Suite 200 Chicago, IL 60654 unsubscribe from Chicago or LA news | unsubscribe from this list | update subscription preferences _____________________________ 3 New Tech Startups That Are Changing the Loyalty Landscape and Synchology is a Chicago area firm http://www.builtinchicago.org/blog/chicago-tech-startup-synchology   3 New Tech Startups That Are Changing the Loyalty Landscape Inbox x

Danielle Mason <dmason@thinkinkpr.com> 9:49 AM (2 hours ago) to me Hi Ronald,

If there’s a need for it in our daily lives, you can bet there is a start-up out there right now developing an app or solution to meet that need.

In our age of connectivity, digital devices have become our constant companions. So much so that in a recent survey, Americans admitted to spending almost every waking minute with their devices, whether checking news and social media feeds, eating a meal with their mobile device in hand or watching TV shows. Now, take into account how often the time spent on mobile and web-enabled devices includes interacting with and seeking content from advertisers, brands, or retailers, then add in the availability and access of multiple apps, services and platforms all vying for our dollars, loyalty and mindshare – and you have many different products and services crowding the loyalty marketplace. So, exactly how does one company stand out from the crowd to really encourage consumers to be faithful to them?

From rewards that come with a cause, to a banking platform that pays users to spend with it, meet a few of the newest tech start-ups and disruptors that are altering the way brands and their loyal customers will interact, and rewarding consumers in new ways for their time and spend in 2013.

An Everyday Financial Planning Tool That Offers Rewards for Every Purchase Made Despite the average American household being a member of 18 loyalty programs, active memberships are less than half. Not surprisingly, this lag is due to confusing rules and regulations, blackout dates, inefficiency and a general feeling that the rewards offered within a loyalty program aren’t significant enough for consumers to keep coming back. Synchology is a Chicago-based tech company that has developed a hybrid personal finance and rewards solution through the Jump Card – a new prepaid debit card platform that gives cardholders access to budgeting and money management tools similar to those offered by Mint.com, along with lifestyle rewards, such as those offered by Living Social. The Jump card has developed a new way for brands to connect with consumers even if they aren’t directly interacting with them, reaching them through their everyday financial lives. It also provides each and every user with personalized perks and relevant offers – for every dollar spent with the card, consumers earn 1 reward point, paying them back in brand benefits.

Rewards With A Cause: A Company That Turns Unredeemed Rewards into Contributions That Make a Difference 18 billion dollars. Think about it….that’s a lot of money. But what does that figure amount to? It is the sum of dollars left on the table each and every year, as the value of consumers’ loyalty points and rewards go unredeemed. KULA Causes, a boulder-based start-up has found a way for brands to turn those unused loyalty points and rewards and into contributions to worthy causes. The best part? Consumers can choose which cause that suits their preferences and affinities, with access to over 2.5 million different causes across the world. From a local food bank, to a humanitarian organization in Africa, those points/miles that would otherwise go to waste can be used to instantly and easily make an impact, without consumer ever having to open their wallets.

A One Stop Loyalty Shop: Access and Redeem Travel Miles, Points and Rewards All in One Place · According to a recent Priceline survey, 43% of people booking hotels on mobile devices do so in their cars, often within 24 hours of their actual stay. From Starwood, to Marriott and beyond, there are so many different hotel rewards programs out there, but so little ways to actually redeem and use the points collected by staying with them…Until now. PointsHound has developed a platform that aggregates consumers’ existing loyalty currencies into one location, meaning that users have the flexibility and freedom to choose how they want to accumulate their points and which hotels they’d like to use them with. Already partnered with a number of loyalty programs and with access to 100,000 hotels globally, PointsHound’s simplified, streamlined loyalty approach comes at a time of heightened digital clutter – and a time when consumers are more brand fickle than ever.

Ronald, would you be interested in speaking with any of these start-ups about how their solutions are disrupting the loyalty landscape, and how each of their technologies are streamlining and improving loyalty for consumers and brands alike?

If you would like to discuss further or to arrange an interview with Synchology, KULA or PointsHound, I can be reached at 1.305.749.5342 x 235 or dmason@thinkinkpr.com.

Thanks for your time and consideration Ronald, I look forward to connecting with you very soon!

Kind regards, Danielle

Danielle Mason Client Visibility Director, Canada, ThinkInk B2B PR | Media Strategies| Thought Leadership | Visibility Engineering| INK Direct: +1.305.749.5342 ext. 235 Canada: +1.416.628.9684 Mobile: +1. 647.453.4518 Sign up for INK Miami | Toronto | London | Brisbane We Get Your Story In Front of the People Who Need to See It™ _______________________________ Miscellaneous messages: 8 notes ++++++++++++++++++ #1: from: David Wojdyla <david.wojdyla@andvertising.com> to: ron@192.168.1.100/tmr date: Fri, Mar 8, 2013 at 7:35 AM subject: RE: The May Report : Important mainly because of the people in the conversation. RE: The May Report Inbox x

David Wojdyla <david.wojdyla@andvertising.com> 7:35 AM (2 hours ago) to me Hey, Ron. Just found it. (he he, no one has ever accused me of being an early adopter.) And I love it!! Thank you for such rich, rewarding content. Bests, David Wojdyla, the adguy formerly known as the “Angriest Man in Advertising(TM)” __________________________ #2: Subject: Representing Chicago In Stockholm, Sweden Date: 3/5/2013 4:18:48 P.M. Central Standard Time From: jloren@kambiogroup.com To: ron@192.168.1.100/tmr, ronaldmay@aol.com

Hey Ron- I hope you are well! I thought you would be interested to know that Sweden has taken interest in our tech scene in Chicago. I was invited to speak at their internetworld conference (part of IDG) in Stockholm this week. Thought you might want to mention it in your report that I will be representing our city.

Here is a link to the conference: http://webbdagarna.se/stockholm-2013

Other speakers: http://webbdagarna.se/stockholm-2013/talare

I’ll let you know how it goes as I am speaking on the main stage and it’s totally sold out! :)

Cheers, Jess

Jess Loren Kambio Group | Digital Change Agents @chitownJess 312-480-1085 407 N. Elizabeth | Suite 201 | Chicago | IL | 60642 Published Author: Pinterest For Business Amazon:http://goo.gl/34Mne Barnes & Noble: http://goo.gl/LVxlg ____________________________ #3: Subject: Exposing Cyber Shills and Social Media’s Underworld Date: 3/8/2013 8:13:33 A.M. Central Daylight Time From: bconnolly@furthermore.com Reply To: To: RONALDMAY@aol.com

http://www.huffingtonpost.com/sam-fiorella/cyber-shills_b_2803801.html _______________________________ #4: Subject: Microsoft’s CEO: Chicago needs startup growth anchor – Chicago Sun-Times Date: 3/6/2013 9:30:20 P.M. Central Standard Time From: bconnolly@furthermore.com To: RONALDMAY@aol.com

http://www.suntimes.com/business/18658774-420/microsofts-ceo-chicago-needs-startup-growth-anchor.html _____________________________ #5: Subject: for your monetary policy education Date: 3/5/2013 4:10:45 P.M. Central Standard Time From: anthonylawoffice@gmail.com To: RONALDMAY@aol.com

David Hume, Of Money, Essay III (1776?) (you will find it on Google Books etc.).

Accordingly we find, that, in every kingdom, into which money begins to flow in greater abundance than formerly, every thing takes a new face: labour and industry gain life; the merchant becomes more enterprising, the manufacturer more diligent and skilful, and even the farmer follows his plough with greater alacrity and attention. This is not easily to be accounted for, if we consider only the influence which a greater abundance of coin has in the kingdom itself, by heightening the price of commodities, and obliging every one to pay a greater number of these little yellow or white pieces for every thing he purchases. And as to foreign trade, it appears, that great plenty of money is rather disadvantageous, by raising the price of every kind of labour. — William D. Anthony, Attorney at Law Anthony Law Office, 29 South La Salle Street, Suite 850 Chicago, Illinois 60603, Telephone (312) 332-6405, ext. 267, Cellular (630) 854-0009, Facsimile (312) 332-2657 ________________________________ #6: Subject: Re: Jess,can you give us an update on how things are going? Catapult got funding? Date: 2/26/2013 8:45:49 A.M. Central Standard Time From: jess@dabble.co To: RONALDMAY@aol.com CC: Erin@dabble.co

Hi Ron,

Thanks for reaching out. We have some exciting things coming out in a few weeks – can we wait to give you an update then? Hope you’re doing well.

Jess On Sun, Feb 24, 2013 at 3:31 AM, <RONALDMAY@aol.com> wrote: ______________________________ #7: Subject: Watch Zuck, Bill Gates, Jack Dorsey, & Others In Short Film To Inspire Kids To Learn How To Code | TechCrunch Date: 2/26/2013 10:00:42 A.M. Central Standard Time From: bconnolly@furthermore.com To: RONALDMAY@aol.com

http://techcrunch.com/2013/02/26/zuck-bill-gates-jack-dorsey-code-org-film/ _________________________________ #8: Ron May, You were mentioned in a Tweet!

JeffWillinger @jwillie Some guys have all the luck. @themayreport @ Social 25 instagr.am/p/V-fny0lvBe/ _______________________________ #9: The Cheerleader Inbox x

Edie <edie@egoldsteinandassoc.com> 10:26 AM (10 hours ago) to me Good morning Ron, I have a confession. I graduated from college a few years ago and I am not a cheerleader. I did try out for cheer leading in Grammar School but the coach turned me down because I wasn’t peppy enough. She was right…I wasn’t and have never been peppy. I hope you didn’t think I was being rude. I have given you my card at a few events (BNC if I recall correctly) and I am on your email list so no need to add me again. I am an insurance broker. I work both with individuals and also with business. I have been in financial services for 25 years. Sincerely, Edie Goldstein CLU, ChFC, MSFS, MSM 312-649-9143 312-659-3343 Cell Securities offered through H. Beck, Inc.; Member FINRA/SIPC _______________________________ Interesting article in Huff Post: http://www.huffingtonpost.com/2013/02/26/scientifically-beautiful_n_2741136.html?icid=maing-grid10%7Chtmlws-main-bb%7Cdl6%7Csec1_lnk3%26pLid%3D275433 ____________________________ Huff Post again: Lincoln-Kennedy Coincidences: Why Do They Still Thrive On The Internet?   http://www.huffingtonpost.com/2013/03/07/lincoln-kennedy-coincidences_n_2829442.html?icid=maing-grid10%7Chtmlws-main-bb%7Cdl8%7Csec1_lnk2%26pLid%3D281843

Lincoln-Kennedy Coincidences: Why Do They Still Thrive On The Internet? First Posted: 03/07/2013 1:28 pm EST Updated: 03/08/2013 2:00 pm EST Follow

Video , Lincoln Kennedy Coincidences , Kennedy Lincoln , Kennedy Lincoln Coincidences , Lincoln Kennedy , Lincoln Kennedy Comparison , Lincoln Kennedy Conspiracies , Lincoln Kennedy Similarities , Weird News .

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Since at least 2003, a list similar to the one below has been circulating the Internet incessantly, popping up every so often on people’s Facebook feeds infused with speculation about the reasons behind the coincidences surrounding former presidents Abraham Lincoln and John F. Kennedy.: Abraham Lincoln was elected to Congress in 1846. John F. Kennedy was elected to Congress in 1946. Abraham Lincoln was elected President in 1860. John F. Kennedy was elected President in 1960. The names Lincoln and Kennedy each contain seven letters. Both were particularly concerned with civil rights. Both wives lost their children while living in the White House. Both Presidents were shot on a Friday. Both were shot in the head. Lincoln’s secretary, Kennedy, warned him not to go to the theater. Kennedy’s secretary, Lincoln, warned him not to go to Dallas. Both were assassinated by Southerners. Both were succeeded by Southerners. Both successors were named Johnson. Andrew Johnson, who succeeded Lincoln, was born in 1808. Lyndon Johnson, who succeeded Kennedy, was borin in 1908. John Wilkes Booth was born in 1839. Lee Harvey Oswald was born in 1939. Both assassins were known by their three names. Both names are comprised of fifteen letters. Booth ran from the theater and was caught in a warehouse. Oswald ran from a warehouse and was caught in a theater. Booth and Oswald were both assassinated before their trials. In January, Snopes presented a point-by-point refutation of these similarities. The complete take-down is here, but below are some highlights: Snopes also points out that there is no record of Lincoln having a secretary named Kennedy. The list has been subject to mockery by one of Harvard’s farcical Demon Magazine which included amazing similarities between the two Presidents such as “When Kennedy was shot, the car he was riding in was a Lincoln. Lincoln’s last name was Lincoln,” and “Both men (except Kennedy) were born in log houses.” Despite the fact-checking and mockery, the “coincidence” list refuses to die. One reason may be what Scientific American’s “Michael Shermer calls “patternicity,” or people’s tendency of finding “meaningful patterns in meaningless noise.” Shermer argues that humans are evolutionarily predisposed to looking for patterns in our environment. Our ancestors were those who were most successful at seeing real patterns and adapting to them, but this also means we’re more likely to think we recognize patterns where none exist. Perhaps this is what’s happening when people are amazed by these Lincoln-Kennedy coincidences. They may at first seem meaningful, but, as Snopes argues, under closer inspection they don’t speak to any meaningful patterns. CORRECTION: An earlier version of this story gave the incorrect name of the 35th president. It is John F. Kennedy, not John Kennedy, Jr.

Also on HuffPost: _______________________________ MEF newsletter: 1) SBA Launches Affordable Care Act Web Page & Blog; 2) NVCA Eyes New Regs for Growth-Focused Firms By Jonathan Marino; 3) Astia Angel investor network that invests in women-led, high-growth businesses led by active and experienced angel investors.; 1) SBA Launches Affordable Care Act Web Page & Blog   Midwest Entrepreneurs Forum Inbox x

MEF@mail-list.com Jan 30 to me MIDWEST ENTREPRENEURS’ FORUM, INC., Volume 18, Issue 1 , Wednesday January 30, 2013 We have a strict anti-spam policy! We know how important your privacy is to you so we guarantee that we will NEVER sell your e-mail address. Please also note…you can remove yourself from our list at any time. We supply a link at the bottom of each e-mail to manage your subscription to The Midwest Entrepreneurs Forum Inc. This is a free newsletter

Index 1) SBA Launches Affordable Care Act Web Page & Blog 2) NVCA Eyes New Regs for Growth-Focused Firms By Jonathan Marino 3) Astia Angel investor network that invests in women-led, high-growth businesses led by active and experienced angel investors. 1) SBA Launches Affordable Care Act Web Page & Blog WASHINGTON – The U.S. Small Business Administration (SBA) today launched a new web page and blog dedicated to educating small business owners about the Affordable Care Act. The new tools will serve as a gateway for small business owners connecting them with information provided by SBA’s federal partners responsible for implementing the law, including the U.S. Department of Health and Human Services. “The Affordable Care Act provides small business owners with access and opportunity to provide affordable health care options for their employees,” said SBA Administrator Karen G. Mills. “SBA’s new Affordable Care Act web page and blog will serve as a resource for small business owners who want learn more about how to take advantage of these benefits.” The Affordable Care Act has many beneficial measures specifically for small businesses, including slowing premium cost growth and increased access to quality, affordable health insurance. SBA’s new web page, www.sba.gov/healthcare, breaks down the key provisions of the Act based on business size in the following categories: self-employed, fewer than 25 employees, fewer than 50 employees and more than 50 employees. The web page also provides links to other useful information for small businesses, including a glossary of key health care reform terms, an interactive timeline with dates for when certain reforms will be implemented, a state-by-state breakdown of health care options, and how to learn more about specific tax provisions and regulations. Additional resources will be added as they become available. “The information on this web page should alleviate many of the concerns small business owners currently have about the Affordable Care Act,” says Dennis Melton, SBA’s St. Louis District Director. “Small business owners should use the information to effectively manage any impact these changes might have on their businesses.” The blog, entitled Health Care Business Pulse (www.sba.gov/blog), will provide small business owners with continuous updates about the implementation of the Act. The blog is for informational purposes only and is not intended as legal or tax advice. Readers should consult their legal or tax professionals to discuss how specific matters relate to their individual business circumstances. 2) NVCA Eyes New Regs for Growth-Focused Firms By Jonathan Marino The National Venture Capital Association is drawing some new lines, and perhaps blurring old ones. The NVCA will announce today the development of its Growth Equity Group, which aims to include VCs with investment strategies focused on later-stage companies. “We are seeing shared challenges relating to public policy, advocacy and education in later stages,” said Bruce Evans, chair of the new group and managing director with Summit Partners. Given where we’re at in the IPO pipeline, it sounds like growth equity investors could use a hand too. What’s a growth equity investor? The NVCA classifies it as investing that takes place after late-stage venture, as a startup is approaching maturity. One of the classification terms used to describe growth equity, according to the NVCA, is “investments [that] are unlevered or use light leverage at purchase.” No word on what ‘light leverage’ constitutes, but lawmakers that have had a heavy hand for private equity because of the perceived excess of leverage that is used in deals shouldn’t get confused here-this is probably a little more along the lines of the debt that companies like Zendesk take on] when they’re mostly taking on a new cash round. NVCA President Mark Heesen says the establishment of a new sub-category within the association is aimed at catering better to needs of individual asset classes. It isn’t a welcome mat for private equity firms, however. The question becomes, with next to no national lobbying arm (although the Small Business Investor Alliance is making a push into PE), would some of the smallest growth-focused LBO shops behoove themselves to try and behave more like VCs, if ever there is a disparity in tax treatment between one asset class and the other? Time will tell. There is no evidence that venture capitalists would be spared from a carried interest taxation rate increase that would also hit LBO firms. However, if the NVCA is successful in the implementation of a new ‘growth’ focused segment of the asset class-one that is afforded the opportunity to take on a little debt-perhaps this would spur traditional private equity investors to take on a little less leverage for middle market deals. It isn’t like they can get that much leverage in the first place. But the shift in classification could prevent some middle market LBO shops from having to pay a higher rate of taxation-depending how everything plays out in Washington. For firms that only have the words “private equity” in common with the KKRs of the world, they might finally look to a defender on Capitol Hill. 3) Astia Angel investor network that invests in women-led, high-growth businesses led by active and experienced angel investors. Angel Announces Founding Astia Angels and First Member Meeting Angel investor network that invests in women-led, high-growth businesses led by active and experienced angel investors. Research shows that both public and private companies with female executives outperform companies with all male executives. Yet women entrepreneurs receive a small portion of angel and venture capital investment. Astia Angel aims to generate above-market returns by investing in women-led, high-growth ventures. “The fact that women entrepreneurs receive limited investment is both a problem and an opportunity,” remarked Amy Gips, Founding Managing Partner, Astia Angel. “Astia Angel is uniquely positioned to help women entrepreneurs succeed while targeting an attractive return.” Astia Angel, an angel investor network that includes both female and male angel investors located globally, invests in women-led, high-growth ventures in technology, life science and consumer industries. Astia Angel is a strategic partner of Astia, a fourteen year-old organization dedicated to the success of women-led, high-growth startups. “Astia is thrilled to have members of the community gather to provide investment in women-led companies,” commented Sharon Vosmek, CEO, Astia. “The community has always provided strategic differentiation for Astia companies. Direct investment is icing on the cake and takes community involvement to the next level.” Astia Angel is holding its first member meeting on January 24th in the Bay Area. Member meetings are held every other month and are hosted by DLA Piper. Astia Angel is led by Founding Managing Partner, Amy Gips, as well as Founding Astia Angels, including experienced angel investors, serial entrepreneurs and top executives. Roger Bamford – Roger is one of the earliest members of Oracle’s database team and has been with Oracle since 1984. He has been the lead architect for Oracle’s relational database management system since version 6 and is known as the founding father of Oracle Real Application Clusters. Roger currently heads an advanced technology team working on semi-structured data and predictive analytics. He has been an angel investor in numerous technology start-ups since the early 1990′s and is currently a director for two of them. Tiffany Bass Bukow – Tiffany is a serial entrepreneur and has founded companies in business acceleration, personal finance, health services, positive media, and internet consulting. Her company MsMoney.com educated over ten million people about personal finance, her media company, Thrive Media, sold to Viacom and her Brazilian finance company won the Global Cartier Awards. Tiffany is also a member of the Astia Global Advisory Board. Karen Drexler – Karen has spent the last 15 years co-founding and building medical device companies, mainly in the diagnostics space. Karen was President and CEO of Amira Medical, a glucose monitoring company that was sold to Roche in 2001 and is currently active with CellScape Corporation (Executive Chairperson, Co-Founder), Hygieria (Chairperson), and diaDexus (Board Member). Wayne Goodrich – Wayne served as Executive Producer, reporting directly to Steve Jobs for over 20 years, in the Office of the CEO at Apple, Pixar Animation Studios, and NeXT Computer. During his 17-year tenure at Apple, Wayne’s execution of over 100 product launch events honed his unique viewpoint on the intersection of launch marketing and consumer technology, forever redefining how business communicates with its audience. Anula Jayasuriya MD, PhD – Anula is a life science venture capitalist and is the co-founder of the Evolvence India Life Science Fund. She is also an advisor and angel investor in life science and med tech companies in the US and a member of the Astia Board of Trustees. She was previously a partner with Skyline Ventures in Palo Alto, and prior to that with the German-US venture capital firm TVM, in San Francisco. Anula’s prior positions include VP-Corporate development at Genomics Collaborative Inc., and Vice President, Global Drug Development at Hoffman-La Roche for opportunistic infections in AIDS and Transplantation. Sharon Knight – Sharon is the Founder of Avik Ventures and is currently an active advisor to and independent investor in several early stage companies. Most recently, Sharon was President of One Medical Group and previously was an executive at Electronic Arts and Gap. Tim McClarren – Tim has been working on cutting-edge internet technologies for more than 25 years, including at Netscape Communications where he delivered versions 0.4 through 3.07 of Netscape Navigator. Tim was most recently Chief Technology Officer at Idle Games and has also worked at BEA, Nominum and Doppelganger. Tim was a founding member of the Astia Global Technology Committee. Adam Quinton – Adam is an active investor, board member and advisor to early stage companies and an Adjunct Associate Professor at Columbia University. He is also a member of the Astia Global Advisory Board. Adam has 25 years of global investing and management experience and previously was a Managing Director at Bank of America Merrill Lynch and head of Global Macro Research leading a team of 175 professionals in 12 countries. Individuals interested in learning more about Astia Angel should contact Amy Gips, Founding Managing Partner, at amy@astia.org. About Astia Angel Astia Angel is a global network of female and male angel investors that invests in women-led, high-growth ventures. The angel investor network is led by an active manager and experienced Founding Astia Angels. All members are highly involved throughout the investment process and make independent investment decisions. About Astia Astia is a unique not-for-profit built on a community of experts with a distinct focus and mission: to propel women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. Astia works with women-led start-ups around the world (emphasizing companies in high-tech, clean-tech and life-sciences) to help them acquire essential business skills, access capital, dramatically grow their businesses, create networks and develop the executive leadership of the women on the founding teams. ——————————————————————– To subscribe, send a blank message to MEF-on@mail-list.com To unsubscribe, send a blank message to MEF-off@mail-list.com To change your email address, send a message to MEF-change@mail-list.com with your old address in the Subject: line To contact the list owner, send your message to MEF-list-owner@mail-list.com MEF 30w265 Argyll Naperville Illinois 60563 USA To unsubscribe, or change your email address, click here. <http://cgi.mail-list.com/u?ln=mef&nm=ron%40192.168.1.100/tmr> This message was launched into cyberspace to ron@192.168.1.100/tmr MEF@mail-list.com Mar 8 (2 days ago) to me MIDWEST ENTREPRENEURS’ FORUM, INC., Volume 18, Issue 2 , Friday March 8, 2013 We have a strict anti-spam policy! We know how important your privacy is to you so we guarantee that we will NEVER sell your e-mail address. Please also note…you can remove yourself from our list at any time. We supply a link at the bottom of each e-mail to manage your subscription to The Midwest Entrepreneurs Forum Inc. This is a free newsletter

Index 1) VCs Aren’t Buying Into the Manufacturing Rebound by Joanna Glasner 2) HubSpot a Silicon Valley company? Hahahahahahahaha Kyle AlspachVC Editor- Boston Business Journal 3) SBA to Expand Access to Loan Programs 1) VCs Aren’t Buying Into the Manufacturing Rebound by Joanna Glasner If the U.S. manufacturing comeback is real, why do VCs still hate the sector so much? That has been a question on my mind ever since President Obama’s last State of the Union, which talked up signs of a turnaround in hiring and productivity in the U.S. manufacturing sector. I was reminded at the coffee shop as well, thumbing through a December Atlantic Monthly cover issue on manufacturing. Reporters concluded that diminishing cost savings from overseas outsourcing, combined with some resurgence in homegrown innovation, was helping bring back jobs lost to China and other emerging markets years ago. Clearly, a lot of influential people – including GE CEO Jeffrey Immelt, who last year declared in Harvard Business Review that outsourcing is “quickly becoming mostly outdated as a business model for GE Appliances” – are bullish on the future of U.S. manufacturing. (The Atlantic story discussed how GE nearly doubled staffing at an appliance manufacturing hub in Louisville that was mostly shuttered a few years ago.) In technology media, there’s also plenty of enthusiasm around customization and 3D printing. Wired, for instance, had a story this week on an engineer using 3D printer to build a car. But the people who one expects to get most evangelical about futuristic technological shifts – the venture crowd – have so far been largely sitting this one out. Sure, there’ve been a few investments in companies with a manufacturing focus – such as 3D printer maker MakerBot, next-gen modular homebuilder Blue Homes, and,of course, electric car maker Tesla. However, when one looks at aggregate data, it’s clear venture capitalists have been continuing their long-term shift away from hardware and deeper into all things software. In June 2012, when I wrote a story in Venture Capital Journal (subscribers only) on why venture investors were shying away from manufacturing, the principal explanation was pretty simple. In a nutshell, VCs don’t like manufacturing companies because they have to make things. That leaves them open to all sorts of supply chain risks. Also, margins are harder to forecast. And, with longer cycles from concept to marketable product than in software, there’s greater likelihood one’s gizmo will fall out of vogue before it hits store shelves. To the extent VCs do like makers of things, it’s usually because the businesses are about 90% software driven and only at the end assemble a box to make it easier for customers to access that software firepower. That’s the case, for instance, with Gigamon, a Highland Capital-backed company currently in registration for an IPO that makes makes devices for tracking data center traffic. That was also the case with Fusion-io, a provider of storage products that raised lots of capital from an array of VCs before going public a couple of years ago. I’m not sure what to make of VCs sitting out what others seem to consider a burgeoning manufacturing rebirth. On the one hand, VCs tend to be smart, technically savvy people who spend a lot of time analyzing the future of innovation and how to build disruptive new businesses. On the other hand – except for a small group of top-tier VCs – the venture business has not generated enviable returns over the past decade. And no one’s ever argued that venture investors have a lock on recognizing innovation. Additionally, the venture industry is clustered around Silicon Valley and the Northeast, with limited representation in the Midwest and the South, hubs for manufacturing. That means one might expect to see less early stage VC involvement, which tends to be more locally focused than later stage deals. If manufacturing upstarts get enough traction to support bigger B, C and D rounds, I’d expect to see more coastal VCs looking to invest. Personally, I’d like to see VCs put more cash into companies that make physical stuff. Seems there’s a strong business case as consumers tend to be more willing to exchange their cash for physical goods. While the value in the latest smartphone may be mostly software, people pay for the whole package, not just the brains behind it. Also worth considering: The most valuable technology company, Apple, is known for designing beautiful gadgets, and not just the software that drives them. 2) HubSpot a Silicon Valley company? Hahahahahahahaha Kyle AlspachVC Editor- Boston Business Journal We all make mistakes, even us reporters. But it’s still funny to see the Wall Street Journal refer to HubSpot as a prime example of a Silicon Valley tech firm which was recently funded by a non-VC investment firm. The quote (featured on the front page of today’s Money & Investing section): “The public guys are giving better terms,” said Brian Halligan, chief executive of Silicon Valley marketing software startup HubSpot Inc., which in November raised $35 million from hedge fund Altimeter Capital and the venture arm of mutual fund Wasatch Advisors, among others. The reason it’s strange is that, not only is HubSpot actually based in Cambridge, Mass., but the company has no presence at all in California (unlike many tech firms which aren’t headquartered there). But it gets more ironic, since HubSpot is probably the most outspoken company when it comes to the need for Boston to vie with the Valley. “Silicon Valley is going to compete with us for the future of the marketing industry,” Halligan said in October at the FutureM conference, before colorfully adding: “What I don’t want is to lose to the (expletives) out in Silicon Valley.” More recently, Halligan told me HubSpot is aiming to acquire several companies this year but has no interest in looking west. “If we saw a deal in Silicon Valley, we would probably be shy to do it. The price would probably be high, and I’m not sure we want a dev center there,” he said in February. Halligan, for his part, isn’t too miffed. “I think it was a simple oversight by the reporter – must have just assumed we were a Valley company,” he wrote in an email today. But as readers of this Boston-focused column know, people shouldn’t be quick to make that sort of assumption these days. 3) SBA to Expand Access to Loan Programs Fewer regulations streamline applications, ensure program integrity through enhanced oversight WASHINGTON – Borrowers and lenders of loans backed by the U.S. Small Business Administration will have greater access to capital and less paperwork as a result of a proposed regulation aimed at streamlining the SBA application process, while also strengthening oversight and the integrity of the agency’s loan programs. “Streamlining and simplifying has been a key focus of our agency over the last few years. The changes are the latest steps to reduce paperwork burden, with our eye on the larger goal of expanding access to capital and giving entrepreneurs and small business owners the financial resources to grow and create jobs,” said SBA Administrator Karen Mills. “Specifically, these proposed regulations will provide greater access to capital through our two largest loan programs, while also reducing risk to taxpayer dollars.” The SBA proposes the new measures after extensive consultations with lenders and borrowers to identify the greatest challenges they face and find ways to reduce barriers to making and accessing loans, while still maintaining strict oversight. Among the proposed changes are: Eliminating the Personal Resource Test: A borrower will no longer be required to obtain a maximum level of personal finance resources for a 7(a) or 504 loan. This will streamline the loan process by eliminating complicated regulations used to determine the amount of collateral required. Revising the Rule on Affiliation: Revising this rule will open access to SBA loans to businesses that, under current rules, would not qualify as a small business under SBA’s size standards by virtue of their association with other companies. It also would streamline 504 loan applications and reduce paperwork requirements for 504 and 7(a) loan applications. Eliminating the Nine-Month Rule for the 504 Loan Program: Eliminating the Nine-Month rule removes a restriction that limits a business to include in its 504 project only expenses incurred nine months prior to submitting the loan application. The new rule would allow inclusion of expenses incurred at any time (e.g., projects put on hold for more than nine months due to a natural disaster). Increasing Accountability of the Certified Development Companies’ Board of Directors while Eliminating Requirements for Membership: Refocusing CDC corporate governance requirements will reinforce the importance of board accountability for CDC oversight for the 504 loan program and set in place measures to strengthen oversight in order to maintain program integrity. For comprehensive information on the new rules and their benefits, visit <http://www.sba.gov/content/revised-oca-regulations504-and-7a-loan-program.>

You can also access the document published in the Federal Register at http://www.gpo.gov/fdsys/pkg/FR-2013-02-25/pdf/2013-04221.pdf for the full text of the proposed rule. Disclaimer The views expressed are those of the authors, not necessarily of The Midwest Entrepreneurs Forum. These articles are intended as a means of sharing expertise, viewpoints, and experience among our readers. _______________________________ END OF REPORT


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