 FOR IMMEDIATE RELEASE
BIGfrontier Communications Group for IVCA
Steve Lundin, slundin@bigfrontier.com
(312) 238-9308
PatientImpact LLC awarded $70,000 Geras Grant at the
2008 Midwest Venture Summit
Chicago, IL: March 19, 2008 - Uber angel investor Bob Geras handed an effusive
Patricia Riskind, President and CEO of PatientImpact LLC, a check for $70,000
during the sold out 2008 Midwest Venture Summit (MVS) in Chicago. Geras regaled
the crowd with his wit and wisdom peppered with George Carlin and John Lennon
quotes, before announcing the name of the company he had selected from among the
24 early stage presentations. PatientImpact helps healthcare providers better
understand their patient customers through its proprietary web-based outcomes
measurement application that captures patient feedback in real time. Geras
reviewed all 24 business plans prior to the event and chose the winner on key
investment criteria including: differentiated product, market opportunity, and
management team. Geras chose the award sum to celebrate his 70th birthday by
"giving back to a community that has given him so much."
"I'm thrilled to be recognized by the Midwest Venture Summit and Bob Geras; the
$70,000 is just what our company needs to accelerate our sales and marketing
initiative," says Patricia Riskind. "PatientImpact is the kind of company that
can really put this money to use. Patricia had bootstrapped it for four years
with her own cash. This is a situation where even a modest infusion of cash can
really take her to the next level. She represents the best type of Chicago
entrepreneurial spirit," says Bob Geras, CEO of LaSalle Investments.
"We were very lucky to have worked with Patty; PatientImpact addresses a
critical underserved need in the healthcare market which organizations are
willing to pay to solve," says Don Jenkins, managing director of Technology
Ventures, LLC, who, along with Tom Churchwell from Midwest Venture Partners were
the MVS volunteer coaches that helped prep Ms. Riskind's presentation.
"This is an incredible event, with a lot of energy and inspiration in the room,"
says Scott Lazar, CEO of Eagle Brands, Inc, one of the many companies that
presented during the Series A stage presentation rounds, conducted on the second
day of the event, on March 18th.
The Midwest Venture Summit is the premier venture capital event for
entrepreneurs and investors in the 13 state "Greater Midwest" area and draws
attendees from IA, IL, IN, KY, MI, MN, MO, NE, ND, OH, Western PA, SD and WI.
Prior year MVS presenting companies have received over $222 million in VC
funding to date.
About the Midwest Venture Summit: March 17-18, Chicago, IL
MVS has become the Midwest's premier gathering of VC's, entrepreneurs, business
leaders and angel investors. The 2008 Midwest Venture Summit provides more
networking and deal opportunities than ever before with attendees from all over
the 13 state Greater Midwest area :
www.midwestventuresummit.com.
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