: Wednesday, April 5, 2006 Meeting

Date & Time: : Wednesday, April 5, 2006 at the Cynwyd Club, Bala Cynwyd, PA; Networking, 5:30 PM; Dinner, 6:30 PM; Talk and Business Session, 7:30 PM. Please note that this meeting is on the FIRST Wednesday of the Month.

Speaker and Topic: Seven Deadly Sins Committed by Technology Start-ups in Raising Institutional Investment

Dr Patrick J. Foley, Jr.

Abstract: After a brief discussion of the characteristics of venture capital, and particularly early stage venture capital, Dr. Foley will review the various aspects of a start-up business plan that VC firms pay particular attention to.

Biography: After retiring from DuPont following a distinguished career in a variety of new business development positions, Dr. Foley became Chairman and Managing Principal of the Delaware Innovation Fund. Most recently, he was involved in the creation of Innovation Ventures LC, a VC company focused on emerging companies in the chemical, advanced materials, electronic materials and nano-technology areas, where he is now a Principal. Dr. Foley is also active in numerous organizations supporting start-up companies.

Location: The Cynwyd Club, 332 Trevor Lane, Bala Cynwyd, PA 19004. From City Line Ave. (Route # 1) drive north on Conshohocken State Road (Route # 23) about 3 long blocks. Continue north on Trevor Lane instead of following Route #23 left. At “Y” in road one block north on Trevor Lane turn left where clubhouse and parking are on the left side of the road. Please park in lot if space is available; otherwise park on Trevor Lane. If lost, call the club at 610-667-4524.

Reservation:To make or cancel a dinner reservation, e-mail CCNReservations@aol.com or call the ACS office at 215-382-1589 (leave message on voicemail if necessary). Fee, including food and beverages, is $35. Early Bird discount price is $ 25 if reserved by the Thursday before the meeting. Late reservations and walk-ins subject to availability. No-shows will be invoiced.