Christina Gorczynski joins the Board of Directors of the Southwest Angel Network

The Southwest Angel Network is pleased and excited to have Christina Canales Gorczynski join our Board of Directors.

Christina is the Executive Director of Impact Austin, a dynamic women’s collective giving organization that cultivates collective wisdom and strength to transform ourselves and our communities. Christina is also a licensed attorney and certified mediator with the State Bar of Texas.

Previously, Christina served as a Program Officer at the Simmons Foundation, specializing in advocacy and reproductive health. Prior to that, she was the Principal Consultant at First Person LLC, a Texas-based consulting firm specializing in advocacy and capacity building for nonprofits, private foundations and social enterprises. Christina started her career serving as the Executive Director of the League of Women Voters of the Houston Area, and to this day, will ask you if you are registered to vote within five minutes of meeting you.

For her work empowering women and girls to seek equity through education and advocacy, Christina was named an “Inspiring Latina” by Latina Magazine, honored for youth and online engagement by the League of Women Voters of the US, received the Young Alumni Award from her alma mater Beloit College, and selected for an Equal Justice Works public interest law fellowship.

Christina never walks away from a tough fight and she’s spent her life advocating for vulnerable communities, especially people living with disabilities and LGBTQ folks. Christina currently serves on the City of Austin’s LGBTQ Quality of Life Commission.

Christina holds a BA in Women’s Studies from Beloit College in Wisconsin, a JD/MBA from the University of Houston and a Nonprofit Finance Certificate from Rice University. Christina is a graduate of Leadership Houston (Class 30) and the Leadership Texas Power Pipeline program.

Christina lives in Austin and her free time is filled with fun, friendship, yoga, playing outdoors and her beloved partner, Ms. Brett Merfish.

Christina’s experience will bring fresh perspectives to the SWAN Board of Directors, and will help further SWAN’s goals of investing in companies who are working to mitigate environmental damage and promote clean energy, and in companies who are working to reduce social disparities, including addressing inequalities in health, educational and economic achievement, and treatment by the criminal justice system

 

Portfolio company Curb has merged with Elevation Home Energy Solutions

The SWAN Impact Network is please to announce that portfolio company Curb has merged with Elevation Solar and is now a key  part of Elevation’s Home Energy Solutions Division.

Headquartered in Arizona, Elevation Solar is a fully integrated residential energy solutions company providing solar, energy efficiency and smart energy management technology to customers across multiple states in the Southwest and beyond. The company’s aim is to help individuals reduce occupancy costs and increase value in their homes through solar ownership and energy management improvements and technology.

Curb expects that the merger will further accelerate the strong marketplace acceptance of Curb’s innovation residential power management platform.

Supporting Austin’s Racial Justice coalition

The Southwest Angel Network has joined a coalition of Austin business leaders uniting to use our privilege and position to advance racial justice in our companies and communities.

Together, we are condemning racism. We are standing in solidarity with the Black community.

Announcing a follow-on investment in Shyft Power Solutions

The Southwest Angel Network  is working to support portfolio companies in these uncertain times, and is pleased to announce an incremental investment in Shyft Power Solutions.

Shyft was founded at Stanford University as a byproduct of the research of the co-founders, and facilitates the adoption of solar energy and storage in micro-grids, thereby enabling widespread access to clean, reliable and affordable energy. Shyft builds the technology that enables the transition to a decentralized, democratized and digitized energy landscape, and is focused on markets with unreliable power grids.

Follow-on investment in Family Plan

The Southwest Angel Network is please to participate in follow-on funding for Family Plan. SWAN made a seed investment in September of 2018. Since that time Family Plan has made significant  progress and has now closed a multi-million dollar round.

Family plan works to reduce the stress on a family following a divorce.  Using Family Plan, parents can manage custody scheduling on a shared calendar in real time, arrange and make payments instantaneously and with authentication, and make and log texts and emails to support open communication and maintain a reliable record. No other mobile app provides this suite of functions. This app has been developed with input from a team of divorced parents, divorce lawyers, and ex-judges to address both an important social need and a large market opportunity.

Family Plan was founded and is led by Mark and Laura MacMahon, from Maine, who founded the company for the same reason many companies are founded – they had a problem they wanted to solve, and the available solutions just weren’t good enough. In the years after Mark’s divorce, he found that he was spending hours a week just trying to stay on top of managing his schedule, finances, and communications all related to the kids. Mark and Laura decided to build a set of tools that would help families thrive after a breakup – reducing conflict along the way.

The Southwest Angel Network and COVID-19

The Southwest Angel Network continues to find attractive investment opportunities in the current COVID-19 and recession environment. We are making significant new investments in pre-seed and seed companies, and are also supporting portfolio companies.

The total dollars invested in the first four months of 2020 is larger than the total we invested in 2018, and is over 50% of the total amount invested in the twelve months of 2019.

SWAN provides follow-on funding to CURB

SWAN made a first investment in CURB in 2019, and is pleased to announce a significant follow-on investment that will assist the company in its rapid revenue growth.

CURB provides an interactive energy efficiency solution that enables homeowners to reduce electricity consumption by up to 20%.  CURB uncovers home energy trends, pinpoints power hogs, and gives users control over their electric bill.

Angel Investing in Challenging Times

Please see this helpful article. The article points out that “three of our [Lauchpad’s] highest return investments were made during the depths of the 2008-2009 recession. More modest valuations, less competition for talent, and strong positioning for economic recovery were a rare combination to drive outsized portfolio returns”.

A Perspective on Prospering in Uncertain Economic Times

I have been around startup companies for 35 years and have experienced both good and bad economic cycles. We have  now entered uncertain times.

That said, from a company’s point of view, a financial down turn can be a good time to create an early-stage  start-up.

  1. There will be fewer competitors of your same vintage, which can help lesson competition in the marketplace and with investors. This advantage persists over time. As the economy recovers from a downturn, companies will see fewer other companies at their specific stage of fund-raising. Said another way, when your company becomes a teenager, there will not be many teenagers around vying for attention.
  2. Operating costs often get more reasonable (e.g., lower cost of office space)
  3. It can be easier to bring on early employees (who may have been laid off)

And from personal experience, I know that a down turn is a really difficult time to for a company to raise a many million-dollar, later-stage VC round. During the 2008 recession, I had to sell my company at a loss to the investors because I could not raise a $12M series C round.

For investors, capital-efficient, pre-seed companies who can get by for a few years on minimal dollars suddenly looking pretty interesting. And the current environment means that pre-money valuations and valuation caps will be more attractive. The balance of power has shifted somewhat toward investors.

Announcing an Investment in SpeechVive

The Southwest Angel Network is pleased and excited to announce an investment in SpeechVive. SpeechVive offers a proven device that allows the majority of Parkinson’s patients to the recover the ability to carry on a conversation. This patented technology was created by co-founder Dr. Jessica Huber. The company has revenue and is poised for rapid growth.

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