WEBVTT

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>> IT'S TIME TO GO INSIDE
INNOVATION BROUGHT TO YOU BY
ALLEGION...PIONEERING SAFETY.
DESPITE THE PANDEMIC AND ALL OF

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ITS DISRUPTIONS, THE 125
INVESTORS IN THE VISIONTECH
ANGELS NETWORK KEEP WRITING
CHECKS!

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THE LATEST INVESTMENT...$210,000
IN NOTRE DAME STARTUP RESONADO,
WHICH BRINGS ITS BRIDGE ROUND
HAUL TO NEARLY A MILLION.

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EXECUTIVE DIRECTOR BEN PIDGEON
IS HERE TO EXPLAIN HOW
VISIONTECH IS KEEPING MONEY
FLOWING TO INDIANA STARTUPS.

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DURING THESE VERY CHALLENGING
TIMES. BEN, WELCOME TO THE
PROGRAM.
>> THANK YOU FOR HAVING ME, I'M

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EXCITED TO BE HERE.
>> GIVE US A THUMBNAIL
DESCRIPTION OF VISIONTECH
ANGELS, FOCUSED ON THE MIDWEST,

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BEEN AROUND SINCE 2018. YOU'RE A
BIT UNIQUE, YOU'RE NOT A FUND.
TALK ABOUT WHAT THE REAL
BUSINESS MODEL IS THERE AT

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VISIONTECH ANGELS?
>> YEAH, IT'S KIND OF
INTERESTING. SO, OF THE 125
INVESTORS, WE ARE SET UP AS A

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VOLUNTEER CHECK WRITING NETWORK.
SO, THE INVESTORS REALLY HAVE TO
FOLLOW THE STORY, CONSUME THE
DATA WE PUT OUT, AND THEN MAKE A

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DECISION WHETHER OR NOT THEY
WANT TO PARTICIPATE IN THE
ROUND. SO, 2020 HAS BEEN A YEAR
WHERE WE'VE PUT TOGETHER SOME

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JUST INCREDIBLY STRONG
OPPORTUNITIES THAT WERE BEING
DISRUPTIVE IN THE MARKET, HAD
GOOD MANAGEMENT TEAMS AND GOOD

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EXECUTION.
>> YOU TALK ABOUT THE NUMBERS IN
2020, YOU EXPECT TO FINISH UP
WITH ABOUT $2.5 MILLION IN 11 OR

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12 COMPANIES, YOUR BEST NUMBERS.
DURING A PANDEMIC, WHAT DO YOU
CREDIT THE ACTIVITY AND THE
NUMBERS TO?

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>> YEAH, THE -- I WOULD CREDIT
THE ACTIVITY TO A COUPLE OF
THINGS, ACTUALLY. ONE OF THE
THINGS IS THAT OUR INVESTOR BASE

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IS VERY ACTIVE. WE GET INTO A
DILIGENCE PROCESS AFTER WE'VE
DETERMINED THAT THERE IS
INTEREST IN PURSUING SOMETHING.

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AND A NUMBER OF OUR INVESTORS
USUALLY RAISE THEIR HAND TO
PARTICIPATE IN THAT DILIGENCE
PROCESS WHERE WE GET TO

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INTERVIEW PEOPLE LIKE DAVID LOU,
AS PART OF A DILIGENCE PROCESS.
AND PUSH IT OUT TO INVESTORS,
AND WE KIND OF SEED THE DEAL

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WITH THOSE DILIGENCE MEMBERS
PARTICIPATING, THEY GET TO VOTE
ON THE DEAL AND FORM AN OPINION
THROUGH A SCORECARD. THAT

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SCORECARD IS PUSHED OUT FOR
EVERYBODY TO REVIEW, AND ALSO
THEY GET TO FIND OUT IF THE
DILIGENCE TEAM IS INVESTING OR

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NOT. IT IS A REALLY NEAT MODEL.
>> ONE OF YOUR BIG INVESTMENTS
THIS YEAR, PRETTY COOL COMPANY
COMING OUT OF NOTRE DAME,

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RESONADO, FLAT CORE SPEAKERS.
YOU'RE MAKING A SIGNIFICANT
INVESTMENT INTO THAT COMPANY.
>> YEAH. ABSOLUTELY. WE LOOK AT

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400 DEALS A YEAR, AND YOU LOOK
AT THAT MANY NUMBER OF DEALS AND
YOU TRY TO FIGURE OUT IF IT IS
IN OXYGEN, ASPIRIN OR JEWELRY.

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IF A PRODUCT IS IN OXYGEN, YOU
KNOW, YOU PAY FOR IT BECAUSE YOU
CAN'T LIVE WITHOUT IT, IF IT'S
ASPIRIN IT REMOVES A MAJOR PAIN

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POINT, IF IT'S JEWELRY, YOU PAY
FOR IT BECAUSE YOU WANT T. ON
THE SURFACE RESONADO LOOKS LIKE
A JEWELRY. WHEN YOU START TO

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LOOK AT THE OPPORTUNITY AND LOOK
AT THE STORY BRIAN TELLS, IT
BECOMES AN ASPIRIN BECAUSE OF
THE DESIGN CAPABILITIES THAT

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RESONADO NOW ENABLES. BY
EXAMPLE, ONE OF THE REASONS WHY
YOUR CAR DOORS IS AS THICK AS IT
IS IS TO ACCOMMODATE THE

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TRADITIONAL SPEAKER SIZE, AND SO
RESONADO SOLVES A COUPLE OF
DESIGN PAIN POINTS THAT A LOT OF
MANUFACTURERS IN THE AUTOMOTIVE

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INDUSTRY HAVE EXPERIENCED.
>> A BIG INVESTMENT, IN ONE OF
THE COOL COMPANIES GROWING IN
INDIANA, BEN PIDGEON, THE

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EXECUTIVE DIRECTOR OF VISIONTECH
ANGELS, LOOKING AT A RECORD YEAR