Showing posts with label Angel investors. Show all posts
Showing posts with label Angel investors. Show all posts

Friday, April 20, 2007

SO TIRED

Here's where we stand this week. This is the check-in counter at the front of the store. I'm still happy every time I see the rounded edge.

And here's where our fabulous lotions will be displayed. We're going to have:

"Refresh" Citrus-Mint Moisturizer (with healing aloe vera)
"Nourish" Lavender-Vanilla Moisturizer (with softening shea butter)
"Quench" Pomegranate Moisturizer (with hydrating hemp seed oil). We'll going to display these according to size: "For my home" (8oz bottles on top shelf), "For my tote" (4oz bottles on middle shelf), and "For my purse" (2oz bottles on bottom shelf).

All these developments are exciting, but today I am tired beyond the reach of all legally available stimulants. Coffee, green tea, chocolate, sugar, all consumed in large quantities, in rapid succession, but to little avail.

Yesterday we had an amazing recruiting event – about twenty people throughout the course of the evening, and it was so humbling and thrilling to be in a room full of people who were considering joining Julep. Not to mention a huge relief. We’ve passed another milestone, and look at us! We’re still standing!

But just barely today. After getting home at 11 last night, I spent a couple of hours sending out urgent e-mails to everyone I work with to see if we could get everything done faster, since Mitch and Kirk (my contractors) now think we’ll finish construction a week early (go figure!). Then documents to print out to get ready for the Early Stage Investment Forum today, which went from 6:30am to 6:30pm. I really got my money’s worth out of the downtown flat fee parking lot.

I have to say, since I’ve never “closed the deal” with an investor at one of these functions (it usually takes several progressive conversations for us to get to know each other), the most fun part of these events for me is bonding with the other, particularly female, entrepreneurs. I loved meeting with the women who are building O Eco Textiles, and The Local Vine (wine bar concept).

I tried not to be insulted as many investors referred to Julep as a “low tech company” throughout the day. I never thought of myself as particularly “low tech” until now. If it means I’m not burning through millions of dollars of cash in the quest for the holy grail of the “software as a service” subscription-based business model, then I’ll take the label.

Thursday, January 18, 2007

Raccoons


So I’m back from my presentation to a local Seattle angel group – and I am happy to find that I’ve accidentally left my space heater on in my basement so my coffee from this morning is not quite frozen all the way through.

The presentation was both more fun and exhausting than I'd anticipated. I was especially surprised by how great it was to meet the other presenters, who were so open and friendly and had all been around this block several times. The empathy we were feeling for each other far outweighed any competitive spirit that might have been spurred by the limited table space at the back of the room for our materials.
This was my first Julep presentation to a group. I was a little nervous at first, which is unusual for me because I love talking to an audience, where I don’t have to worry about niceties like letting anyone else get a word in edgewise.

But the five minutes before it was my turn, I found myself repeating, “It’s just a raccoon, it’s just a raccoon.”

This is what my two-year old daughter says to calm down my five-year old son during particularly nail-biting parts of thrillers like Sesame Street and Happy Feet. “It’s just a raccoon,” loosely means “it’s just a cartoon,” and/or “it’s just a costume.” In otherwords, don't sweat it.

Thinking of my daughter reminded me that I got up at 5:00 am this morning because my she came into our room needing to snuggle – which made me feel so confusingly simultaneously irritated and lucky that I lost all track of being nervous about my presentation.

I love talking about Julep, so that part was easy. People seemed to stay awake enough to laugh at the right spots and ask great questions. And it was terrific to have Karri, my Director of Education there. In some ways, it felt like the two of us sneaking in to see what this world was all about. She’s so smart and passionate. This was the first time I was seeing her in action talking to others, spreading the word.

But I’m learning that angel investing is not very transactional. Shockingly (perhaps only to me), not a single checkbook was whipped out. Eight people came over to take copies of our business plan, though, and now I guess I sit and wait, trying not to think about whether they will call. I’ve been told that about one in every four to five companies who present ultimately end up with investments from these presentations. (“They love me, they love me not, they love me not, they love me not, they love me not”).

So I’m back at my card table, typing up these thoughts, checking in with Paul and Mike, my amazing furniture designers http://www.paulschulman.com and calling signage companies to get bids. Oh, the glamour of it all.