AFI's First PitchFest a Big Success !

Austin Foodshed Investors held our first pitch fest last Thursday, 4/16/15, and it was a great success!
Six companies pitched to AFI Investors and financial partners at the Sustainable Food Center in East Austin.  

Two companies, Bona Dea and 4th Tap Brewing Cooperative, have their deals "baked", that is, they're far along in fundraising and have set terms, conditions, and legal documents.  We're working with both to get those docs, plus other diligence items, into our web-based deal tracking and management system for investors to review.

Four companies, Capra Foods, Logro Farms, Dash of Masala, and World's Best Eggs gave excellent overviews of their traction so far and expansion plans, to significant investor interest.  Each has work to do to structure their deals.

All pitches were filmed.  We'll have video available for investors who weren't able to make the event soon.

We learned several important things in our first effort:

1. The Sustainable Food Center is an excellent host.  Can't wait to return.
2. Very worthwhile to have our banking partners, Horizon Bank and Capital Farm Credit, in the room.
3. Bona Dea gluten-free scones pair excellently with Sassi Lassi drinkable yogurt, and are the perfect treat after Salt & Time sandwiches.
4. We need to improve our processes for helping firms understand and articulate the deals they'd like to offer investors.  We will do that.