Information about K4Online
About K4Online Meetings
Keiretsu Forum's Pebble Beach chapter sponsors online meetings 6
times per year to bring the "Best of Keiretsu" to Keiretsu Forum
members and guests via the Internet. Welcome to K4Online.
K4Online member benefits include
No matter where you are, you can attend. On vacation, on
travel, out of town, you name it, you can be here.
Paperwork is all online, so it's better for the environment
and faster to get to and use.
Even if you miss the live session, recordings of pitches and
related detailed paperwork are still there, so you have ongoing access
to still-open rounds and opportunities.
If you are from another chapter you can ALSO get K4Online deal
flow and access for an added fee through your chapter president.
If you are from somewhere where there is no chapter, you can
still be a member. Of course you might want to travel to Pebble Beach
for our quarterly in-person meetings... Check with your tax advisor to
see if the trip is deductible.
K4Online presenting companies are either
Portfolio companies from around the world that
presented at other chapters, are in the middle of a funding round, and
have completed up-to-date due diligence reports.
K4Online deal flow companies that are pre-Due Diligence.
Costs for K4Online meetings and memberships
K4Online meetings are free to Chapter Presidents, guests, paid
K4Online sponsors, and Pebble Beach chapter members.
K4Online deal flow companies pay an administrative fee.
How K4Online meetings operate
Online meetings are similar to regular meetings. Unique to Online
meetings are the following:
Side conversations and personal meetings between members and
attendees are limited to text messages. Only current speakers have an
open microphone.
Presentations are pre-recorded and played in real-time, with
the participating company available online for real-time questions and
answers after their presentation.
Recorded presentations, application forms, due diligence
reports, and other provided material are available to Online members
and will remain so for 4 months or after the round closes, whichever
comes first.
Presenting portfolio companies are typically in the middle of
funding rounds, so investment availability is time-limited. Pebble
Beach deal flow can be pre due-diligence and remains available while
active or for 4 months.
The schedule for online meetings (all times Pacific)
08:15 Online meeting opens - members, presenters, and guests sign-in, open mic
08:30 Meeting starts - microphones closed - quick background and welcome
08:35 Presentations start - Total time ~20 minutes per presentation
Presentations are 5 minutes + 3 minute Q&A
Members and guests are briefly introduced
Sponsors are introduced and tell us about the opportunities they bring
Process descriptions about Keiretsu Forum are presented
Members and guests are asked to fill out gold sheets for presenters
10:35 Presenting companies are excused from the meeting and companies are discussed
Mindshare goes one company at a time - 5 minutes or less each
Positive comments first, then potential critiques
11:00 Meeting formally ends - open microphone retained for 5 minutes as/if desired.
Some key things to know and remember
Angel investment is high risk, often in non-regulated startup
companies without a track record. Historically, almost half of these
investments lose all of the invested capital, while less than 10% have
returns in excess of 10x the invested capital. Consider your
investments carefully and do your own diligence to be more certain of
your decisions.
Only accredited investors are legally allowed to invest in
these instruments. In the US, an accredited investor must self-certify
that they have earned at least $200,000 ($300,000 for a couple living
together) for each of the last two years and expect to earn that much
this year, or $1M in total assets not including their primary
residence.
Keiretsu Forum does not make investment decisions, advise on
investments, or take warrants or fees on investments. All investments
are up to individual investors and are made directly with companies,
so all your investment dollars go to the investments you
choose. Please choose carefully - it's your money and your decision.
Online meetings are not recorded by our systems. Attendees are
NOT permitted to record meetings and all information in meetings is
considered private and confidential.
We advise members not to invest in any company for the first 6
months of membership unless you are an experienced angel investor. It
takes time to get used to the process and to get a real sense of the
risks, rewards, and time frames.
Members and guests are asked to fill out "gold sheet" forms
online. These forms are the property of the presenters and provide
them with valuable feedback on issues they may need to address and
provide resources that may help them do better or progress
faster. Members and the resources they bring are very valuable to
presenters, so give them your attention and support their efforts to
succeed.
Each K4Online attendee must RSVP in advance to get their access
code for the meeting. Access instructions for online meeting
attendance are provided for each attendee. Only use your own access
code. Access codes change for each meeting.
Guests may attend no more than 2 meetings before joining the
Pebble Beach chapter or joining as a K4Online member through their
Chapter President. Members may invite guests to K4Online meetings by
identifying them in advance so we can accommodate their visits and
provide them with an access code for the meeting.
NOTICE
ONLINE MEETINGS INCLUDE GLOBAL DEAL FLOW. INVESTMENTS ACROSS
NATIONAL BORDERS CARRY ADDITIONAL RISKS, INCLUDING WITHOUT LIMIT, THE
RISK OF VIOLATING NATIONAL OR INTERNATIONAL LAWS, RESTRICTIONS ON
TRANSFER OF FINANCIAL INSTRUMENTS, ADDITIONAL GOVERNMENT SCRUTINY AND
SURVEILLANCE, LEGAL IMPLICATIONS, TAX IMPLICATIONS, ACCOUNTING
COMPLEXITIES, TIME ZONE DIFFERENCES, CULTURAL DIFFERENCES, LIMITED
ABILITY TO BE PHYSICALLY PRESENT, POTENTIAL ISSUES WITH GLOBAL
POLITICAL CHANGES, AND GENERALLY ISSUES ASSOCIATED WITH FORCE MAJUR.
KEIRETSU FORUM AND ITS PEBBLE BEACH CHAPTER ARE NOT AFFILIATED
WITH, AND DO NOT ENDORSE, INVEST IN, ASSIST WITH INVESTMENT IN OR
RECOMMEND ANY OF, THE COMPANIES (OR THE SECURITIES OF SUCH COMPANIES)
THAT MAY SEEK FUNDING FROM KEIRETSU FORUM AND/OR ITS PEBBLE BEACH
CHAPTER MEMBERS, AND KEIRETSU FORUM AND ITS PEBBLE BEACH CHAPTER
RECEIVE NO SUCCESS FEES OR OTHER COMPENSATION FOR ANY FUNDING THAT MAY
OCCUR (ALTHOUGH KEIRETSU MEMBERS AND/OR VOLUNTEERS MAY HAVE AN
ECONOMIC INTEREST OR AFFILIATION WITH PRESENTING COMPANIES WHICH
KEIRETSU REQUIRES THEY DISCLOSE). ACCORDINGLY, ANY INFORMATION OR
REPRESENTATIONS GIVEN OR MADE BY ANY PRESENTING COMPANIES MUST NOT BE
RELIED UPON AS HAVING BEEN REVIEWED FOR ACCURACY OR AUTHORIZED BY
KEIRETSU FORUM OR ITS PEBBLE BEACH CHAPTER. ANY OFFERS TO, OR
INVESTMENTS MADE, BY A MEMBER OF KEIRETSU FORUM OR ITS PEBBLE BEACH
CHAPTER WILL BE TO OR IN HIS, HER OR ITS INDIVIDUAL CAPACITY AND NOT
ON BEHALF OF KEIRETSU FORUM OR ITS PEBBLE BEACH CHAPTER. CONSEQUENTLY,
INVESTORS MUST CONDUCT THEIR OWN DUE DILIGENCE IN CONNECTION WITH ANY
INVESTMENT IN COMPANIES, INCLUDING BUT NOT LIMITED TO LEGAL, TAX AND
INVESTMENT ADVICE.
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