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OVERVIEW
Acorn is
a private equity investment company. It provides "angel" financing to
start up companies in the technology and bioscience industries. Since
its establishment in 1996 and its incorporation in 1999, it
has provided
hands on investing to over 10 start-ups, primarily in the Washington DC
and Atlanta, GA Metropolitan Areas. It is also an investment partner in
Blue Water Capital Venture Fund II, a growth stage private equity fund
for infotech companies, and in the Maryland Angels Council,
an organized
group of angel investors providing financing and mentoring
for technology
and bioscience companies in the Mid-Atlantic Area.
Acorn provides
"shirt sleeve" support to its portfolio companies, serving on the Board
of Directors or Board of Advisors of each firm. Acorn assists
by identifying
and networking resources needed by start-ups, by drawing on
the experience
of Acorn principals in management, recruiting, business
strategy and financing,
and by providing high risk capital after "friends and family"
but before
institutional venture financing.
Acorn prefers
to receive inquiries electronically. Please submit an executive summary
of the business plan. After our positive response, then submit the full
plan. It
is helpful if firms seeking financing review our criteria for business
plan content before providing the plan.
Acorn is
the private equity investment vehicle for the Oakes Family, located in
the Washington DC and Atlanta, Georgia areas. The principals
are William
Oakes Jr., William Oakes III, and Patricia Oakes Poulos.
Banking services
are provided by Bank of America Private Bank of Chevy Chase, Maryland.
Investment Banking is provided through Thomas Weisel Partners
of San Francisco,
California. Saul Ewing of Philadelphia, Pennsylvania and Shaw Pittman
of Tyson's Corner, Virginia serve as Legal Counsel for Acorn,
LLC. Kaiser
Scherer&Schlegel of Washington, DC are the firm's public accountants.
Copyright 2005 Acorn, LLC
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