TexChange: Raising Capital – The Entrepreneur''s Perspective

Speaker Richard Scruggs

Chairman of the Board and President
Houston Angel Network

Organizer Paul Schatz


Tue, Nov. 14, 2006
5:30 p.m. - 8 p.m. US/Central


Houstonian Hotel
111 N. Post Oak Ln.
Houston, TX 77024-7703

Texchange Houston presents:

Raising Capital – The Entrepreneur's Perspective

Register now!

Tuesday, November 14, 2006

Time: 5:30 PM (cocktail hour/cash bar) 6:30 - 8:30 PM (dinner/forum)
Location: Houstonian Hotel, 111 N. Post Oak Ln - Map
Fees: Entrepreneur Members $35, Other Members $47.50,
Non-members $60
Late Registration (after November 10th) - Add $5
Walkup attendees (first come, first served) - $65
Speakers: Richard Scruggs, Chairman of the Board and President of the Houston Angel Network

Register Online


There are many surveys and articles covering the amount of money flowing into venture capital and the number of deals done. That is one perspective. What about the entrepreneur's perspective? How hard was it to raise that capital? How many investor meetings did it take? Why did they get turned down? What were the characteristics of the successful companies? This session will explore the entrepreneur's view of the capital raising process based on the finding of an 80 company survey conducted by Mays Business School Center for New Ventures and Entrepreneurship.

About our Speaker:

Richard Scruggs is director of the Center for New Ventures & Entrepreneurship at Texas A&M University. Additionally, he is a Principal with Winston Sage Partners, a business management and consulting firm, and has more than 20 years experience in the systems integration business. He was the founder, CEO and Chairman of Align Solutions Corp. In 1999, Align was recognized as the fastest growing private company in the Houston area and Mr. Scruggs was honored as the Ernst & Young Entrepreneur of the Year. Align Solutions was bought by Luminant Worldwide Corporation in September 1999 and Mr. Scruggs helped take the company public. He served as Vice-Chairman and Executive Vice President of Luminant for two years. Prior to his Align Solutions and Luminant experience he worked with Andersen Consulting, BSG Alliance IT and Perot Systems. He currently serves on the Houston Technology Center Advisory Board and the board or advisory board of multiple private companies. He is also the chairman of the board and president of the Houston Angel Network. Prior to becoming the director, Mr. Scruggs served on the Center’s executive committee for five years.

Mr. Scruggs holds a Bachelor of Science in Chemical Engineering and a Master of Business Administration from Texas A&M University.

Texchange Event Format:

Meetings start with refreshments and informal conversation followed by a sit-down dinner where attendees can become acquainted with others at their table. After the speaker's presentation, each table discusses a pre-set technology or entrepreneurial topic among themselves. Everyone is encouraged to share their viewpoints and, especially, share knowledge gained through their own unique experiences. Afterwards, there is a moderated "open table" discussion.

Table Leaders for This Event:

Dan Prosser, CEO Conversint, LLC
Others to be announced.

This event is sponsored by:


Upcoming events:

Dec 12, 2006 Holiday Party at Farragos Restaurant
Jan 9, 2007 Hitting Your Revenue Targets: The Predictors of Success with Bill Pickard, CEO PMW Software
Feb 13, 2007 Nonequity Funding

Houston Texchange Board of Directors:
Chairman: Manish Asthana, President, Verum Solutions
President: Paul Schatz, VP Sales and Marketing, INT Inc
Treasurer: Kala Marathi, Managing Director, Houston Angel Network
Secretary: Deborah Mansfield, Dir Life Sciences, Houston Technology Center
VP Communications: Brad Cyprus, Dir Operations, Vendor Safe Technologies
VP Membership: Reid Pennebaker, Financial Consultant, Mainspring Partners
Program Co-Chair: Leslie Butterfield PhD, SVP Sales and Marketing, Trelligence Inc.
Program Co-Chair: Carole Kernohan, VP Channels, Trelligence Inc
Joe Barber, President, Total Excellence Management Corp.
Richard Burgess, Dir Bus Dev Venture Services, Air Liquide America
Austin Goings, Manager, Schlumberger Information Solutions
Tom Rubenak, Manager, Forrester Research
Jeff Williams, Managing Director, Mainspring Partners
Ken Williams, Executive VP, Frost Bank

For more information about Texchange, visit our website at www.texchange.org