Two Louisville startups and another from Lexington will represent Kentucky at the National Venture Capital Association‘s annual VentureScape meeting in Silicon Valley next month. Alex Frommeyer of Beam Technologies, Ron Karroll of Collabra Music, and Jim Freedman and Mike Isaac of IF Technologies (Lexington) were chosen out of hundreds of applicants to network with the NVCA member venture capitalists.
Specifically, these startups have been invited to the “Office Hours 2.0” session of VentureScape. Three-hundred companies applied, and 125 were selected. Company applications were vetted by IBM’s Venture Group.
From the VentureScape website:
NVCA is linking scores of entrepreneurs with venture capitalists for an afternoon of intensive mentoring and business plan vetting. The goal: Get a new generation of entrepreneurs on track to build tomorrow’s game-changing companies. VCs and entrepreneurs can make connections through roundtable discussions, scheduled, on-on-one mentoring sessions and a networking break.
One-on-one meetings. This year, we’re asking participating entrepreneurs to identify, in advance, one specific business challenge that they would like guidance from VCs in overcoming. (The intent of the participating venture capitalists will be to offer mentoring regarding operational challenges facing entrepreneurs – not to “source deals.” As such, they cannot offer advice concerning investments or specific steps for raising capital from investors.)
Roundtables. In addition to the one-on-one mentoring sessions, VCs and entrepreneurs will break out into smaller group discussions in which topics will focus on challenges shared by startups and other players in the innovation ecosystem.
Networking. Like last year, participants will have unlimited access to our networking area, where they can mingle informally with VCs and other attendees.
American Airlines is flying the startup founders to San Francisco for free.
Guest speakers at the event include former Secretary of State Dr. Condoleezza Rice and GE CEO Jeffrey Immalt.