Moderated by Tim Cartwright - Chairman Gulf Coast Venture Forum and Tamiami Angel Fund
In conversations we frequently hear entrepreneurs say there's no money and hear investors say there's no good companies. The truth is there are both - with many ways to find and access funding, and lots of great companies in which to invest. In this panel, we will talk about the funding continuum - from seed stage through late stage funding options available. There will be examples of companies funded in FL and what's happening now, and why. Florida ranks high on Fundable’s VC rankings, and it is in the top 4 for both fundable entrepreneurs and fundable investors per million residents.
Timothy J Cartwright is a Partner at Fifth Avenue Advisors and Managing Director of the Compass Advisory Group subsidiary. Compass Advisory Group is an M&A consultancy that completes mergers & acquisitions and corporate restructuring for middle market companies. Mr. Cartwright is an active member of numerous local, regional and state level organizations and initiatives. He is the Chairman of the Tamiami Angel Fund I, SW Florida's first ever Angel Fund and member of the Florida Institute of Commercialization of Public Research’s (FICPR) Investment Advisory Board. Mr. Cartwright is a member of the Board of Directors for the Golisano Children's Museum of Naples and the Florida Gulf Coast University Foundation. He also serves as a member of the organizing committee for the Southwest Florida Chapter of BioFlorida. He has volunteered frequently for Junior Achievement of Southwest Florida and is a former Director of the Economic Development Council of Collier County, the Florida Economic Development Council, the Gulf Coast Venture Forum and Southwest Florida Regional Technology Partnership. Mr. Cartwright has served or currently serves as a judge for the Florida Venture Forum's Early Stage Conference, VenturePitch Orlando, i2 Showcase, VentureX startup weekend and ITFlorida statewide awards. He attended the University of Wisconsin as an undergrad and obtained an MBA from Northwestern University Kellogg School of Management. He resides in Naples with his wife, Amy and their three children, Macy, Lydia and Corbin. He is a softball coach, a soccer coach, and an active member of First Baptist Church of Naples.
Frank Dalton: Fulcrum
Frank X. Dalton – Mr. Dalton is a founder of Fulcrum Equity Partners, a growth equity fund with over $140 million under management, based in Atlanta, Georgia. Prior to joining Fulcrum, Frank was a General Partner with Cordova Ventures and the managing director of Cordova Intellimedia Ventures, L.P., a $41 million early-stage/seed fund launched in 2000. He is currently a board member of ContactatOnce, Mfg.com, Preparis, Path-Tec, and Bruder Healthcare. Frank has over 16 years of experience in private investing; being involved directly and indirectly in over 100 investments, including several successful exits, such as, Accipiter, Secure Tax, Call Center Technology, Magnet Communications, Intertech, Inc., Digital Envoy, Constructware and Compliance 360.
In connection with his portfolio duties, Mr. Dalton is the former CEO of Market Velocity, Inc., a service provider of promotion driven trade-in programs for the disposition of used IT assets and consumer electronics. He is also the former Chairman and CEO of Axonn, LLC, a provider of satellite tracking products and services based in Covington, LA. Additionally, he has held management positions as a chief financial officer of Caetec Systems, a venture-backed computer-aided design software company and as director of operations of Microsouth, a national computer distributor of graphics products.
His background also includes investment banking to emerging technology companies specializing in mergers and acquisitions, advisory services and capital raising. Mr. Dalton started his career with Ernst & Ernst in Atlanta in 1978 and has a B.S. in Accounting from the University of South Carolina. He was also an audit partner with BDO's Atlanta office in charge of its Emerging Business Group, specializing and working with growth companies, both public and private, with heavy emphasis in the technology sector.
John Clark: New World Angels
Clark is a recognized authority in the areas of investment strategy and tactics along with a number of banking and corporate finance topics. He is now in his second career as an investor focusing on small and start up opportunities. Living on Florida's central west coast he is dedicated to fostering a new hub for technology centered growth oriented companies. His goal is to form a wide network of investors on one hand and managers of creative, smart businesses on the other. As these links are forged the whole nation will become aware of what we have here in the I-4 corridor and our unique West Coast of Florida.
John had a lengthy career with a giant international commercial and investment bank. He spent 30+ years with Citibank/Citicorp rapidly climbing the corporate ladder, gaining skills each year. He moved upward rotating between corporate relationship departments. He first developed and sold software in the consulting area, later moving to the Autos Dept. managing the Ford Motor Co. relationship. He managed the Banks credit training program, teaching basic corporate finance to new officer candidates. Mid-career John was honored to be asked to join Citi's Risk Management Division reporting to the Board. For a number of years he held the Banks top credit approval authority Senior Credit Officer. His analysis skills and overall record of success became widely regarded in the banking industry. In risk management he guided the risk levels Citi was willing to take on in an industry or a financial product. He created and built Bank business units based on new technologies.
Robert Faber: Ballast Point
Robert Faber works for St. Petersburg, FL-based Ballast Point Ventures, a venture capital fund providing expansion capital to rapidly growing private companies located primarily in the Southeast and Texas. Ballast Point Ventures manages $200 million across two venture capital funds and focuses on investments in health care, communications, business services, technology, financial services, and consumer industries. Prior to joining Ballast Point Ventures in 2010, Robert worked for three years as an Associate for Wachovia Capital Partners, a Charlotte, North Carolina-based private equity fund affiliated with Wachovia Corporation. While at Wachovia Capital Partners, now known as Pamlico Capital, Robert focused on investments in the media, communications, business services, and energy sectors. He also worked previously as an Analyst for two years in the Leveraged Finance Group of Wachovia Securities, also in Charlotte. He graduated from Princeton University with a bachelor’s degree and from the Tuck School of Business at Dartmouth with an MBA. Robert is originally from Memphis, TN. At Ballast Point Ventures, Robert focuses on investments in the business services, technology, and consumer sectors. Robert currently serves on the board of directors of KeyView Labs, which is based in Sarasota, FL.
Brian Caswell: EDIF
Brian Caswell is the Founder and President of the Economic Development Investment Fund (EDIF). He provides key leadership and financing assistance to EDIF.
Brian Caswell started his career in the banking industry as a commercial lender. He has managed commercial loan portfolios in excess of $500 million of exposure. Mr. Caswell rapidly became the youngest Vice President of Business Banking at Bank of America and was awarded numerous honors for top business treasury management.
Mr. Caswell has vast experience in business development, strategic partnerships and operations, and has been called upon to turn around underperforming bank branches into top performing businesses. In 2006, Mr. Caswell was recruited by the South Carolina Bank and Trust to start their commercial loan production division, which became the fastest profit center in company’s history. In 2007, Mr. Caswell moved to Sarasota with Marshall & Isley Bank to develop the firm’s strategic entry to the Sarasota market.
Mr. Caswell has been a business consultant for over ten years and currently provides technical assistance to businesses on behalf of the US Small Business Administration (SBA).