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Seed Capital From Angel Investors: Malvern D. Lusky, Individual Angel, Houston Angel Network (Part 1)

Posted on Monday, May 31st 2010

By guest authors Irina Patterson and Candice Arnold

This is the fourth interview in our series on seed financing and angel investing. Today we are talking to Malvern D. Lusky, CPA, and individual angel who is also a part of the Houston Angel Network.

Irina: Hi, Malvern. You’re an individual angel, right? And also associated with the Houston Angel Network (HAN)?

Malvern: That’s correct. I did a little bit on my own before joining the network, and I’ve been a member of that network for five years now.

The Houston Angel Network is a nonprofit organization that provides its members a forum in which to efficiently evaluate promising early-stage investment opportunities. Its membership consists of active and SEC-accredited angel investors who share the goal of making informed, collaborative investments in promising early stage Texas-based companies. HAN was founded in late 2001 and is the largest and most active angel network in Texas. Since inception, our members have invested more than $27 million in 54 deals.

Irina: Do you consider yourself a regional, national, or international investor? If regional, what is your primary region(s)?

Malvern: While I prefer to invest in the local (Texas) area, I will consider deals from elsewhere if they make sense. I like local deals because I can visit the location, tour the facilities, and meet the personnel. Furthermore, I am often a hands-on angel investor making myself available for advice, consultation, and mentoring if necessary.

Irina: You have a background in accounting and also in journalism, sports, and entertainment. Such an interesting combination. Tell us a few words about yourself.

Malvern: I was born in San Antonio, and I moved to Houston when I was about 14. I got my degree in journalism with a focus on advertising and public relations from the University of Texas. I spent some time in that, and then I switched to accounting because the other just wasn’t paying enough. And I decided I wanted to eat. And then I actually put myself through accounting school as a freelance photographer. From there, in 1979, I went on my own and started my own CPA firm.

Irina: How did your expertise in sports and entertainment develop?

Malvern: One of my clients was in that industry. I helped him negotiate the purchase of the company that he had started, as a venture, and then he wanted to buy the whole thing. So, I helped him negotiate that, and then he asked me to come on board and I spent about 12 years as CFO for that company and of related companies.

My expertise is in the sports and entertainment industries; however, I have reviewed only one deal in that industry in the past five years. Most of the deals in which I have invested have been consumer products (packaged goods), banking enterprises, and Internet-based consumer sales.

Irina: Do most of your deals come from the Houston Angel Network and private sources?

Malvern: Right. Most of them come through referrals or the Houston Angel Network – ones that I review – however, someone can reach me directly through my website at mal at luskygroup.com. And then I’ve had several friends as well as CPAs, stockbrokers, insurance professionals, and friends who know that I do this who have referred some deals to me.

This segment is part 1 in the series : Seed Capital From Angel Investors: Malvern D. Lusky, Individual Angel, Houston Angel Network
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Mal, is sheperding the initial phase of our startup and most difficult transition from concept to validation. We have blue chip potential and expect blue chip clients to lead the way.
Each business deal is different because every Entreprenuer has a different creative and business mind, which money and management can position great ideas that make common sense and sustainable profitable.

Albert G. Moreyra Saturday, June 5, 2010 at 4:59 AM PT

I am in need of a investor for a Powerhouse Sports Entertainment business, already have all the key players the who's who of the industry and team up and running, can't say to much its that huge, but would love to know of some investors for our venture, we have a ton of capital we have already used to get this going, just need a bit more to finish out.

Rebecca Tuesday, January 24, 2012 at 2:19 PM PT

Mr. Lusky;
I am looking for a Seed Capital Investor. I and my wife started our company in 2009. I am an Electrical Poweline Contractor. I have spent my entire career in this industry. From starting as a helper and working my way up the ladder to an Area Managers position. The time has come for us to start our own company. Electrical Powerline Contracting is my passion. I work every day filling out bid contracts for work across a 5 state area. Our company name indicates these states.
TALON-Stands for Texas, Arkansas,Louisana,Oklahoma and New Mexico. I have calculated the amount needed to get started. This figure will cover, Equipment, Payroll, Insurance, Tools, Uniforms, and general operating cost.
I have worked all of my life with the urge to start my own company. That Time Has Come. I have compiled a list of clost to 100 people who want to go to work for me because the men know me from past work history. If you are not able or interested, could you please send me the names of someone who might like to invest in this company. This will be a money making operation. Every thing we touch turns into money.(I just need some start up funding). I can start with $185,000.00 to 200,000.00.

Ken Childress Wednesday, March 7, 2012 at 11:24 AM PT

If you are still interested in Pro Sports/Ent., check out my website at: thexhl.com
The XHL International LLC. I have created the next venue in Global Extreme Sports. Have Video Game deal; Celebrity Endorsement and serious IP. Power Point presentation request from Reebok and known beverage distributor for Sponsorship.
Need small seed amount to finish packaging.
Could use a good CFO also.

Thank you!

John A. Wells Monday, June 18, 2012 at 12:14 PM PT