March 14, 2012 – Lessons from a High-Speed Tech Entrepreneur, Chuck Stormon

Speaker:
Chuck Stormon, serial entrepreneur and upstate native

Description:
Chuck Stormon, serial entrepreneur and upstate native, will discuss his experiences building high-growth companies around the world, the highs and lows of angel investing, and why mentorship driven accelerators are the right way to launch high growth businesses of the future.

PowerPoint:
“Lessons from a High-Speed Tech Entrepreneur”

Recording:
Chuck Stormon, StartFast Venture Accelerator,. Recording, 14 Mar. 2012 (Run time: 00:57:35)

Location:
Binghamton University

Present:
Speaker - Chuck Stormon (Presenter)
Attendees – Nasir Ali, Ann Marie Stone, Bob Toma, Chris Paquette, Debra Morello, Donna Fish, Douglas J. Camin, James C Rosswog, James Willis, John Pellegrini, John Rivera, Kathryn Fletcher, Kenneth J. McLeod, Leah A Ferentinos, Leland Hamilton, Liz Rickard, Lucy A Volland, Rafi Pryntz-Nadworny, Randy Smith, Robin Alpaugh, Santoras D.  Gamble, Sanghyeok Jeon, Thomas Kowalik, Tony Worm, Matt Zeitz

Reports/Discussion

  • T. Kowalik welcomed members and participants and provided an overview about SUNY BEST. He reminded everyone that this session was being recorded and a link to the recording would be placed on the SUNY BEST website.
  • Attendees introduced themselves.
  • SUNY BEST cosponsored a special presentation with Southern Tier Opportunity Coalition (STOC) and Catalysts for Intellectual Capital 2020 (CIC2020) bringing a unique educational opportunity to the Southern Tier Region. Chuck Stormon, Upstate native and serial entrepreneur discussed his experiences building high growth companies around the world; the highs and lows of angel investing; and why mentorship driven accelerators are the right way to launch high growth businesses of the future. Chuck Stormon is an entrepreneur who launched his first company while completing his Master’s degree in Engineering at Syracuse University and then spent the next 20 years building high growth software and telecommunications companies on three continents. During this period, Chuck raised tens of millions of dollars in venture capital and also returned $100 million to his investors.  For the past five years, Chuck has been an active angel investor through the Seed Capital Fund of CNY. He often serves as a board member or advisor/mentor to new technology companies and is also sought after by private equity investors to advise on strategic mergers and acquisitions.
  • Chuck Stormon spoke about his new project, the StartFast Venture Accelerator, Upstate NY’s first private capital backed, mentorship -driven accelerator designed along the Techstars model that will be offered in Syracuse this summer. He recently published Start Fast! Accelerate Your Mobile, Web or Software Venture, a compendium of lessons learned while starting, building, saving, and exiting businesses and is aimed at the first time entrepreneur who is trying to understand the path to success.

Next Meeting:
The next meeting is Thursday April 5, 2012 at Tompkins County Chamber of Commerce 904 East Shore Drive Ithaca, NY 14850 from 10:00am – 12:00pm.