This year, I made the trek out to San Diego to attend my first Angel Capital Association (ACA) Summit. Here is a brief recap of some of the main themes of events, workshops, and keynotes I was able to attend.
First some background on ACA and the Angel Investor Class:
The ACA is an industry trade group of individual angel investors, angel funds, and family offices that help promote angel investing through education, best practices, certification, and public policy. They have been around for about 10 years and are one of the most influential groups around early stage and seed stage investing in startups.
One of the things that angels strive to do is to better their local economy by helping to create sustainable business by providing very early stage investment into companies. Through their backing of entrepreneurs in starting companies, angels are one of the primary sources for creating new job creation in the country….
The original Port Columbus Administration Building and Terminal, that was build in 1929 and part of the Transcontinental Air Transport (TAT) system, is in serious danger of being lost forever. This facility has been sitting vacant and neglected for over eight years, has a serious roof leak, and mold damage. Estimates put the project around $2.5 million to do a total gut and restoration back to its original splendor. Many want to see a museum go into the space, but potential backers know one significant thing about museums – they tend to not make very much money.
That’s where we come in. I’d like to introduce you to Flight Deck – a coworking, incubation, and event space with a focus on transportation, logistics, and aerospace. The goal is to bring to bear the talent and resources needed to grow and graduate companies into the local market to create sustainable, high-paying, and high-tech jobs. When utilized at 80%, the facility will have 100 people working on their projects and startups at any given time and as companies graduate from the incubator, 10 to 15 new net jobs being created in market. One of the existing features of this facility is the ability to use it as an event and pop-up restaurant space – giving restaurateurs a spot to test concepts before launching into market….
Lots of great things have been happening with SunDown RunDown for the 1st half of 2014. We have five chapters around Ohio, a partnership with Innovate New Albany, expansion of our cowork network, working with CiviHacks for WearGood and working with COSI and Columbus Idea Foundry on the Mini Maker Faire in October. We are also in the final stages of getting our private placement memo handed off and signed off by our legal team for us to start raising for our fund. We also have some great opportunities coming together on developing a coworking and incubator space. As we grow, we have also had a great number of people from the community step forward to help and serve on committees or in a leadership position within SunDown RunDown….