
This is software (AWS) generated transcription and it is not perfect.
started at my education at the University of California, Berkeley, started out and, uh, premed realize that was gonna take me 14 60 years. I switched to engineering. Okay, Uh, went on to graduate school at Georgetown University. The Masters worked on the Ph. D. Postgraduate work it you see a way. My first job out of college was with the company called Pyrotechnic, which is based next, um, em apart mix to Stanford University. It was director of International at Random Political Action Committee. That company was acquired by Baker Shoots. Rather working for Baker shoes. Oh, Biotech had operations in Salt Lake City called Panko Engineering. Not too far from you after they were acquired. My competition because I was doing international projects was the trap. Unease. The German. Gee, Italians. Others through a headhunter. I was approached by a company called Mission. Is she? I ended up working for them. For 33 years. I ran that venture. Capital Army and Henry are, but I did investment. I retired in 2003 from them. Booked our city. Oh, by the way, one of the first investments we made in Utah was with Dr Wayne Brown head of the engineering school at the University of Utah who started you talk of interests. I signed you to Utah Hotel for $5 million. Sometimes your returns were probably 25%.Do you want to know when you look? When I moved here after I retired in 2003 uh, I was instrumental in starting a group called Park See Angels. Are you familiar with the hearts of the angels? All right. We've done about $75 million of investment. We started a fund called Kinkster. Some of the notable investments are high West Distillery and others.
uh here in Park City, there's a number of people with specific industry expertise. Uh, mine is clean tech and energy of those are medical doctors, 80 specialists, retired executives. Even in the the music industry. You name it. We started out initially looking at rather early stage companies, which is pre money. Three million. Huh. Uh, currently, we're looking more later stage companies that being 10 million and under inter valuation, Uh, we probably get trying to guess. Well, each month we scream probably 25 to 50 companies and select 3 to 4 to present the meetings. Now, our virtual, uh, we used to meet at the grubstake another restaurants up here. Uh, the interest of the investors is becoming more and more restricted and selected it I up. So there's an expression in the industry. Don has to be eating a dog food before we're interested to be interested in the product. And there's purchase orders. We frequently see deals out of the What is a technology commercialization of the University of Utah. Uh, we see deals from venture funds like Utah Pinchers. Uh, we like to see 4 to 7 or 10% return on the deal. I'm taking board seats more often than we did in the past, so we're more proactive rather than just passive. Investors have a portfolio, say, 10 investments. Looks back. Three to go sideways for five to be successful and three to go bankrupt. Uh, do a lot of research ahead of time Before the presentations were using some people who used to work with Mackenzie, and, uh, we're using their evaluations of the companies before the presentations. Companies come in with you. 40 million pre no revenue. Uh, thank you very much. We'll respectful to them. That's not a deal. It will be interesting.
mission statement. Management competition. Ah, initial performers. No more than 15 or 20 minutes of. And then what's the view? Terms? How much you're looking for ways to pre money valuation? Keep it.