Dilts leaves Keiretsu to form New Angel venture organization.John Dilts has left his position as president of the Keiretsu keiretsu: see zaibatsu. In Japan, a strong alliance of related organizations that shares knowledge and cooperates to control its sector of the business, including the supply chain and distribution. Forum chapters in Westlake Village and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. to form a new angel venture group. In March Dilts will launch Maverick Angels, a venture capital, training and support organization with its first chapters in Westlake Village, Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. and Los Angeles. Like Keiretsu, Maverick Angels is a for-profit venture with revenues generated from training programs, consulting fees and presentation and membership fees. But unlike the traditional models for angel investor An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. groups, which are often loosely aligned organizations, Dilts hopes to provide a more formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. approach. "We developed some new due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. software, Maverick Link, which is a back-end infrastructure software to support collaboration," Dilts said. The software will allow members to receive more complete information on potential investments, and it will facilitate communication between investors so that members can better understand each other's investment decisions and goals. "I think there needs to be more value for money," Dilts said. A separate boot camp Software from Apple that enables an Intel x86-based Macintosh to host the Windows XP operating system. Boot Camp is used to divide the hard disk into Windows and Mac partitions, to install the necessary drivers and to create a dual boot environment. for entrepreneurs will be open to the public. But those who wish to make a presentation to the investment group will be able to use the boot camp and coaching services to prepare for the presentation. "If someone doesn't get meaningful traction after the boot camp, we will refund their money minus an administrative fee," Dilts said. Dilts, who was trained as an attorney, formed his first venture fund while taking his bar exam and began a career coaching entrepreneurs and consulting. He has taught entrepreneurship at corporations around the world and served as the head of the local Keiretsu chapters for the past two years. He decided to form Maverick to try to improve the information flow to potential investors and better nurture and train entrepreneurs. "The challenge for many angel groups is it can tend to be a free for all," he said. "There is no ongoing infrastructure that can focus on facilitating due diligence. It's hit and miss." |
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