Friday, May 4, 2012

Venture Rapids Turned Lawsuit

Some folks have asked me whether I know the substance of the lawsuit between Steve Adler and Brian Meshkin as noted in this morning's post.  While I have not seen the Complaint, I did want to share the following invitation for investment that was issued in April of 2011.

We are writing today to ask you to meet with us to discuss the opportunity to help us launch a new non-profit business incubator in Howard County.

As a Sponsor, you will take part in building businesses, creating jobs, and creating an economic impact to our county and region. Plus, the incubator can be a great lead generator for your firm and an effective PR opportunity.

Venture Rapids, Inc. is different than any other incubator in Maryland and the surrounding region. Located in the Historic Savage Mill, it is based on the principles of successful business incubators and venture accelerators on the West Coast. It’s not only an office space with value added services, Venture Rapids is a non-profit that helps build businesses and office space is just a bonus.

As the founders of this effort, we came together because of our commitment to Howard County and the principle of Community Capitalism – the idea of focused investment and philanthropy simultaneously driving economic development. Our goal is the creation of viable start-up companies, which create jobs, and contribute to economic growth.

Your sponsorship of Venture Rapids is critical to the success of this mission. Today, we are asking for you to meet with Dr. Gloria Jacobovitz, Managing Director of Venture Rapids, and one of us to discuss your level of sponsorship. We’ll follow up with a phone call over the next few days.

Thank you, in advance, for your consideration.

Warm regards,
Steven Adler & Brian Meshkin

Venture Rapids
Located in Historic Savage Mill
8600 Foundry St
Savage, MD 20763-9513
410.541.MILL (6455)

I would be interested if there were any other investors in "Venture Rapids" and, if so, whether this money may have gone down river.