Daymond John Moderates Early Stage East’s Gathering of Startups & Investors

Venture funding conferences lets entrepreneurs and investors partner up for a day

Warning: getimagesize( failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/blackenterprise/public_html/wp-content/themes/blackenterprise/single-standard.php on line 35

It was a gathering of startups and investors this week at Early Stage East Club Pitch Baltimore, a day-long event that attracted companies from coast-to-coast. The Pitch’s moderator was Daymond John, founder and CEO of FUBU and co-star of the ABC reality television show Shark Thank, which returns for a third season January 20, 2012.

Early Stage East has emerged as one of the leading venture capital conferences on the East Coast for promising young start-ups. Over 700 companies have presented in its 13-year history and have gone on to raise over $1 billion total in investment capital.

“Investors are hungry for deals,” says Tim Reese, who co-founded the Minority Angel Investment Network and currently serves as the managing partner of the venture capital firm Forge Intellectual Investment Capital. As more Americans look to entrepreneurship to secure their financial futures, the current environment–and over the next 18 months–for venture capital and angel investing looks promising, says Reese and other investors.

There was a lot of money on the sidelines, because investors have been selective the last three years, notes Reese. “That money is now in play.” This is an active time for venture capital for early stage companies though it is not at the same level as in 1999. Individual angel investors and institutional angel groups are collaborating with venture capitalists. “What’s missing is funding for the $3 million to $5 million second stage market,” he adds.

Reese suggests entrepreneurs seeking capital should develop a small circle of people whom they want to invest in their companies. “This is a game of perseverance and finding the right partner.”

Investors judge companies based on their high growth potential, solid business plans, and financial picture. The three things every investment seeking entrepreneur needs to be able to clearly and succinctly explain is 1) how much capital you need, 2) how you will spend the money wisely, and 3) what’s next–what is your exit
strategy.  Also, don’t try to avoid or hide any real issues or problems with your company, caution investors. Just be prepared to discuss how you plan to resolve them.

At Club Pitch Baltimore, roughly 30 companies presented their businesses to a panel of investors led by Daymond John, who provided candid feedback ranging from the delivery of their pitches to gaps in their financial projections. Among four African American entrepreneurs to pitch their companies was Eric Hamilton, CEO of AdSmoke, a New York-based video ad network, which allows Website owners to earn revenues by showing commercials in front of their embedded video content. Hamilton is raising $500,000. Also pitching was Andres Montgomery, CEO of Dreem Digital, a software production company in Salem, Oregon that specializes in educational and gaming apps designed for the mobile world. Montgomery is seeking $2.5 million in funding.

The event also featured education panels on raising capital and social media strategies along with keynote speaker Steven Rosenbaum, CEO of and author of the book Curation Nation (McGraw-Hill), who made the case that Web searches are broken, given the massive load of data and information generated on a daily basis. He strongly believes that there will always be a place for human aggregation and curation. Before the saying was “Content Is King,” now it’s “Curation Is King.”

Capital raising entrepreneurs wishing to pitch their businesses can find out about upcoming gatherings of angels and venture capitalists at

  • Eric Hamilton

    The Early Stage East event was a great event and it was a pleasure being one of the companies able to present.

  • Pingback: Angel Investing in Startups Stimulates Job Growth | Social Entrepreneur Guide()

  • Pingback: Silicone Alley Expansion Means East Coast Investment « seedlingtech()

  • Pingback: Silicon Alley Expansion Means East Coast Investment | DreemDigital()

  • Diane Bell

    I would like to contact Carolyn Brown, regarding her article of December 16th.. Timothy Reese is managing partner of Forge Intellectual Capital LLC. ( not Forge Intellectual Investment Capital )
    Thank you,
    Diane Bell

  • Pingback: From The Mind of Daymond John – Entrepreneur, Keynote Speaker, Branding and Corporate Strategist, TV Personality and Author » Black Enterprise()

  • Pingback: From The Mind of Daymond John – Entrepreneur, Keynote Speaker, Branding and Corporate Strategist, TV Personality and Author » Daymond on Black Enterprise Wealth for Life()

  • Pingback: 9 Things to Know when Pitching to a Shark!()

  • Mr. Stanley Johnson Sr.

    C/O Mr. Damond Jon, If you and mark Cuban ever wanted to get into the Golfing Business ( 26.6 Billion Dollar Industry ) you may want to get in touch with me. I would like to talk with you about licenseing the must have golf acessory. My contact information is listed below:

    Mr. Stanley Johnson Sr.
    15082 Arrow Blvd
    Fontana, Ca 92335

    1-909-697-8181 Cel/Home call anytime

  • Mr. Stanley Johnson Sr.

    C/O Damond Jon / Mark Cuban, Their are 98 Million golfers in the World I’am certain my invention will attract at the least 5,000,000. At $19.95 that would gross you $99,750,000 minus $4.00 that I was quoated to make them. My invention has know competetion!! If your interested I would like very much to talk with you.

    Mr. Stanley Johnson Sr.
    15082 Arrow Blvd
    Fontana, Ca

    1-909-697-8181 Cel/Home anytime

  • insurance agency marketing

    hey there and thank you in your info ? I’ve certainly picked up something new from right here. I did then again expertise several technical points using this website, since I skilled to reload the website many times previous to I could get it to load properly. I have been thinking about in case your web host is OK? Now not that I am complaining, however sluggish loading cases instances will often affect your placement in google and could damage your high quality ranking if advertising and marketing with Adwords. Anyway I am adding this RSS to my email and can look out for a lot extra of your respective fascinating content. Make sure you update this again soon..

  • backlinks software

    Hello there, I found your website by way of Google at the same time as looking for a related matter, your site came up, it appears to be like good. I’ve bookmarked to favourites|added to bookmarks.

  • cleveland scene

    Hi there, I found your website by the use of Google while searching for a similar matter, your website got here up, it appears great. I have bookmarked to my favourites|added to my bookmarks.