August 24, 2006

In Search of Deals

Where do you find your deal flow? The methods used by one investor may or may not work for you. Some ways to find deals include:

  1. FundingUniverse.com
  2. Angel group meetings
  3. Personal contact (Email submissions, chance encounters, etc.)
  4. Word of mouth
  5. Events (SpeedPitching, conferences and seminars)

These are all means for locating deal flow; however, an often overlooked resource is available to you. Universities and colleges around the country have a plethora of young talented entrepreneurs with solid business ideas. One angel group in Utah has had several successful exits, including Omniture’s recent IPO, by looking for the best deals coming out of Brigham Young University. Examples like this can undoubtedly be found in every state across the country.

When we are looking for applicants for our Speedpitching events, we contact local universities, especially those with entrepreneurial programs. FundingUniverse.com realizes the CEO’s of the next fortune 500 companies may not yet have a college degree. For example, at our most recent SpeedPitching event in Florida, the winners of the Florida International University business plan competition presented. One student, who would never have been able to meet with angels otherwise, is close to closing a deal.

Entrepreneur Magazine recently compiled a list of the top 100 entrepreneurial colleges. The top ten ranking colleges are:

  • Belmont University: Nashville, TN
  • Bradley University: Peoria, IL
  • University of Dayton: Dayton, OH
  • Drexel University: Philadelphia, PA
  • Eastern Michigan University: Ypsilanti, MI
  • Loyola Marymount University: Los Angeles, CA
  • University of Missouri: Kansas City, MO
  • Montana State University: Bozeman, MT
  • Purdue University: West Lafayette, IN
  • Worcester Polytechnic Institute: Worcester, MA

To view the complete list, click here.

You may want to form relationships with directors of entrepreneurial schools at your local college or university. Directors can connect you with students who have outstanding business ideas. You can also become a supporter of entrepreneurial programs. While you may not choose to fund a plan from the university, your support and guidance could be priceless to young entrepreneurs.




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