Entrepreneurs to Present at February 8th OVF Luncheon

Jerry Leeman, CEO, Perk Dynamics, Inc.

Perk Dynamics, Inc. provides patent pending SaaS software technology for management control of beverage systems. Perk Dynamics is focused on the gourmet coffee industry, a $1B plus annual opportunity industry, growing at 20% a year. A major portion of the focus market segments is on the self service side. AutoPerk™ SelfServe provides the management and controls required to provide self service gourmet coffee in locations not possible before. While Perk Dynamics is currently focused on coffee management they have plans to expand to soda, smoothie and other products that have synergy with the core technology.

Through self funding and investment by family and friends Perk Dynamics has completed six months of installed customer live testing of their software and have over a dozen active customer engagements started in 2012. Two university conference centers, several convenience locations and two hotels are all in the pipeline. After two and half years of testing and development, the Perk Dynamics offerings have evolved into products that create a lot of attention across several industries segments.

Working with i2E, Perk Dynamics has refined their business plan and are staged to change the beverage dispensing industry. Perk Dynamics’s has established relationships with key coffee industry partners that help position them for fast growth in 2012. Perk Dynamics is seeking investors to expand sales and marketing, incorporate complementary beverage systems, and complete development of a mobile ordering and payment application.

Brady Deaton, CEO, idefi Group, LLC

idefi developers are excited to announce the launch of a record label model they say will revolutionize the record industry. Years in the making, idefi destroys the antiquated model of the “fat cat” record label taking the lion’s share of artist earnings while controlling artistic content. The idefi website, designed by ticketing system provider and idefi part-owner TICKETsage, allows any artist to upload their original music and create a profile page for free. The artists set their own pricing and determine how their music is packaged.

What happens after your music sells is what makes idefi unique. When your music sells, you earn reward points which open services of a traditional record label. These points give the artist access to services such as duplication, worldwide digital and physical distribution, promotion to press and radio, artist development, licensing and placement, a recording budget, a budget for music videos, booking and tour support. At some point in every artist’s career they have to make a decision about doing everything on their own or giving up control so they have a team to support and promote them. With idefi they don’t have to make that decision because there are no contracts and the artists maintain full control.

idefi is committed to not only providing an avenue for artists to connect with music fans, but to develop their careers as well. We will watch the artists grow as we become a partner in developing their careers. They will work to create the awareness and, once they have done that, we will plug them into the perks of a traditional record label.

Jeremy Green, CEO, Real Time Rehab

Real Time Rehab (RTR) is revolutionizing the physical therapy industry through its unique problem- solving Continue the Care program. Throughout years of industry study, we have identified the major issues facing clinic owners, staff therapists and the patients they serve. We are the only company to provide a winning strategy for all three segments, by Continuing the Care for our clinic owners, our therapists and the patients.

Clinic owners are facing changing government regulations, declining reimbursements, and rising costs of supplies. In addition, they lack ability to brand their clinics to continue to attract new patients and compete effectively in the marketplace. Staff therapists, dedicated to improving patient outcomes through home compliance of exercise programs, struggle to effectively communicate proper techniques for home exercises due to the various ways patients intake and retain information. Most lack the ability to offer appropriate products to motivate patients to actually comply with their directions. Therapists have a great demand on their time, and simply cannot spend the time with each patient during visits necessary. Patients often do not complete their home program due to a knowledge disconnect from the time they leave the clinic to beginning their program. In addition, the proper equipment necessary to achieve optimal results is not easily available to them, if at all.

Our team consists of medical professionals, licensed therapists, therapy consultants, a national product partner and strategic business professionals. RTR invites you to be on the front line of a company that will create the new business standard for therapy professionals and improve wellness in our world.

Please join us for lunch on Wednesday, February 8, 2012, 11:45 a.m. at the Presbyterian Health Foundation Research Park Conference Center. The Presbyterian Health Foundation Research Park Conference Center is located at 655 Research Parkway, Suite 100, in Oklahoma City. For directions to PHFCC, please visit www.phfcc.com/directions.htm.

Non-members and guests please make reservations with Mindy Young, OVF Executive Director, at mindy@ovf.org or (405) 341-6545. The cost for non-members and guests is $35. Cash, check, VISA, or MasterCard accepted at the door.

Chairman’s Perspective

Dear Venture Forum Members,

With the recent popularity of initial public offerings, it appears that the IPO market has recovered from the doldrums of 2008 and 2009. There were about 350 U.S. IPO’s during 2010-2011, compared to about 125 U.S. IPO’s during 2008-2009.

The IPO market tends to be a cyclical one. Some think the new issues market often times comes at the end of a bull market that has energized small investors ready for new hope and financial security. Many non-public companies will rush to take advantage of this window of opportunity. This cluster of investing leaves one to wonder if the main challenge in going public is not the Securities Act and other regulations, but rather being able print share certificates demanded by the investor. In other words, when the window of opportunity is open, the savvy company will want to move fast before it closes.

Facebook is thought to release its financials to the public in April in accordance with regulator rules. This may set the tone for the 2012 IPO markets; however, it is important to remember that Facebook is a different creature than other companies and may not necessarily be an indication for the rest of the market. After all, there continues to be more and more social media sites, and Facebook is not the only player anymore. Moreover, consider that a study of thousands of IPO’s found that the average price gain for an IPO in the first day of trading is close to 19%, suggesting that a serious mismatching of prices is committed by the IPO underwriters.

Facebook may indeed break Google’s current record for money raised in an IPO as they are thought to raise over $10 billion. Google sold shares for $85 on day-one back in 2004 and are now selling for over $575 per share, making it a good buy in the long run. However, if you bought when the price was over $700 in 2007 it would be a different story. I am excited to see the valuations of this company and how market speculation will handle this giant-sized IPO. Although it will create some new billionaires and add to the existing wealth of other ones, hopefully it will set a positive tone for 2012.

I hope to see you at Wednesday’s OVF luncheon.

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OVF Member News

Three Returning Entrepreneurs Launch Venture Accelerator in Oklahoma City

Accelerator provides seed funding, 3-month boot camp, office space, mentorship, workshops, Pitch Day

OKLAHOMA CITY, OKLA. (February 1, 2012) – Three successful entrepreneurs returning home to Oklahoma from stints outside the state have launched a venture accelerator in Oklahoma City that will develop local startups by providing investment, mentorship, office space, free services and access to further venture capital. Called VentureSpur and modeled on successful venture accelerators throughout the US, the new Oklahoma City accelerator launches on February 1, 2012.

Founders include David Matthews, a partner in VC firm Trailblazer Capital and manager of the Oklahoma Opportunity Fund; Gabe Bass, managing partner of Bass Law, a law firm with offices in Oklahoma City and El Reno; and Kraettli L. Epperson, owner of Black Mesa Consulting, a new Oklahoma City information technology consulting company.

“Over the last several years, venture accelerators have become the leading tool to develop startups that are lean, fast, focused and efficient investment vehicles,” said Epperson. “We’re taking the lessons learned at other successful accelerators and applying them to Oklahoma. Our job is to spark the innovation economy by building businesses that keep and attract talent and investment in Oklahoma, and that produce in-demand goods and services,” said Epperson.

The accelerator aims to host two groups of three startup companies each year, which are selected through a rigorous screening process. Winning companies are admitted to a three-month “boot camp” program that provides a free office, weekly mentorship and workshops, development of prototypes, polishing of presentations, and culminates in a “Pitch Day” during which the teams will present their company to angel investors and venture capitalists.

“We think Oklahoma is ripe for an accelerator,” said co-founder Gabe Bass. “VentureSpur is modeled on Y Combinator, TechStars, Capital Factory and Tech Wildcatters, which have seen quick success with multiple companies receiving substantial follow-on investment or acquisitions. We want to do the same in Oklahoma,” said Bass.

“We’re engaged in pushing the Oklahoma economy forward with strategic private investment,” said co-founder David Matthews. “We believe the accelerator model provides big advantages in emerging venture capital markets like Oklahoma, where the cost of doing business is low and local investors are hungry for home-grown success stories,” said Matthews.

Located inside The Exchange building on historic Film Row in downtown Oklahoma City, VentureSpur’s facility is designed to be a welcoming space that will foster collaboration and encourage creativity. The accelerator is currently accepting applications from startup companies at its website.

About VentureSpur

VentureSpur is a seed fund and venture accelerator located in Oklahoma City, Oklahoma. The accelerator provides seed investment, a three-month “boot camp,” mentorship with successful entrepreneurs, office space, free services and access to further venture capital. The company aims to host two boot camps a year serving three companies. For more information, visit www.VentureSpur.com.