Antonio Lucena de Faria’s ActionFlow was chosen the best business of those presented at yesterday’s roundtable through a poll on our Facebook page. Congratulations! In case you missed it, you can read Sramana Mitra’s roundtable recap here or listen to the recording found here.
By guest authors Irina Patterson and Candice Arnold
Irina: Do you plan your exit strategies?
Chenoa: We’re trying to be a little more aggressive about planning and trying to bring more M&A activity into the state. It’s hard; because we’re so isolated, the M&A activity is very slow. That’s something that we’re working on as a club and fund manager, we’re trying to bring more of that type of activity in. >>>
By guest authors Irina Patterson and Candice Arnold
Irina: Could you elaborate on your deal flow?
Kindra: Deal flow comes from a combination of reputation, member networks, and partnerships with local ecosystems, meaning other groups that are focused on entrepreneurship, especially women-oriented groups.
Our companies themselves are a terrific source of deal flow. We focus on as many areas as we can at building out our brand and our name. So, we encourage as many companies as possible to apply to us. I think we have among the highest deal flows in the country through Angelsoft. >>>
At today’s roundtable we saw three very nice businesses, each with pilot customers, and each working on real problems. At the end of the session, each left with specific action items.
First up today was Antonio Lucena de Faria with ActionFlow from Portugal. Antonio has a portfolio of web based business process management applications for small businesses with 10-100 employees. Antonio has 100 trial customers at the moment, and is looking to figure out exactly what his company positioning is going to be.
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In case you missed it, you can listen to the recording here. You can select the business presented that you like best through a poll on our One Million By One Million Facebook page.
Please join Watermark (formerly FWE&E) and Astia for a one-day entrepreneur conference, “By Women – For Women: Money, Markets and Customers,” on Wednesday, November 3, 2010, at the Microsoft Conference Center in San Francisco, California. Sramana Mitra will be speaking about “Built To Enjoy” businesses at 10:30 a.m. You can find more program details here. To receive a discount of $20 off the price of admission, enter the code entcon10. Please find more details and register here.
By Sramana Mitra and guest author Shaloo Shalini
Sramana: Is your architecture a private cloud, or is it hosted on a vendor’s site?
Scott: Well, we have a mix of both depending on the applications themselves. In the case of some new applications that we may implement in the future, we are having that debate as well. For example, a document management system. There are nice ones out there available for us to use from vendors that offer hosted solutions. However, in my opinion, these vendors want higher fees to run it on their cloud, whereas I can throw down one of my own within my private cloud and buy the software and its updates, right through the year, in a cost-effective way. It makes more sense from a cost standpoint to run my document management system on a virtual private cloud. For future applications, we will have to go through a similar decision-making process. >>>
By guest authors Irina Patterson and Candice Arnold
This is the thirty-fourth interview in our series on financing for entrepreneurs. I am talking to Kindra Tatarsky, director of operations at Golden Seeds, a network of angel investors dedicated to investing in early stage companies founded and/or led by women. Golden Seeds has more than 150 accredited investors, with locations in New York, Philadelphia, Boston, and San Francisco. >>>