ONAMI Science Entrepreneur Expert Series: Preparing Realistic Financials

Wednesday, November 15, 2017

What is the purpose of detailed financial statements when your company is pre-revenue and everyone knows the revenue projections are wrong? Veteran angel investor and fund manager Susan Preston will show you how to use the three basic financial documents (balance sheet, income and cash flow statements) to show investors that you have done your homework and are ready for serious consideration.

 

Susan Preston is the Managing Partner of the Seattle Angel Fund, committed to fostering entrepreneurial growth in the Pacific Northwest through early-stage investments, as well as Co-Manager for the Element 8 Fund, focused on cleantech investments. She is also the General Partner for the CalCEF Clean Energy Angel Fund, which is focused on seed/start-up stage investments in clean energy technology. Susan has taught in the MBA program and is the Buerk Endowed Fellow for Entrepreneurship at the University of Washington. Susan also serves as chair and a lead instructor for the Angel Resource Institute, a global investor and entrepreneur education organization.

Susan is the author of numerous articles, white papers and books on angel financing. Her most recent book, Angel Financing for Entrepreneurs, Early-stage Funding for Long-Term Success was released by Wiley Publishing in March 2007, and her first book, Angel Investment Groups, Networks and Funds: A Guidebook to Developing the Right Angel Organization for Your Community, a comprehensive guidebook on the establishment and operation of angel investment groups, for which she has received numerous accolades, was published by the Kauffman Foundation in 2004. Susan is a world-recognized expert in angel financing and angel organizations. She is a national and international consultant and speaker on economic development, angel and venture financing for numerous countries and NGOs including the EU, OECD, USAID, Saudi Arabia, Jordan, Australia, Industry Canada and EBAN. She was an Entrepreneur-in-Residence with the Ewing Marion Kauffman Foundation for 6 years focusing on initiatives supporting the growth and success of women entrepreneurs and initiatives related to angel investing and angel organizations. Susan has held several board positions with public and privately held corporations, and has served on numerous non-profit boards. She has been profiled in Red Herring, Inc. magazine, Smart Money, Worth and other local and national publications; and has contributed to numerous nationally published articles on angel investing. Susan is the founder of Seraph Capital Forum, the first all-women’s angel investment organization. Susan spent much of her earlier career in senior management positions in public and private companies, from general counsel to CEO. She was also a partner in two national law-firms, and is a licensed patent attorney. Recent winner of the Angel Capital Association prestigious Hans Severiens Award, given each year to an individual whose actions advance the role of angel investing, expand entrepreneurship and benefit the angel investing industry as a whole. In 2014 Susan received the Small Business Person of the Year for 2014 from the Small Business Council of America. She was honored along with five Congressional representatives in the nation’s capital. Susan also recently receive Senator Cantwell’s Women of Valor award, which was presented by Vice President Joe Biden.

  • for more information, please contact Skip Rung:
  • skip@onami.us
  • 541.231.4883
  • Cost: free
Science-based startups need well-crafted financial documents!