Jun 27, 2016
Lorine Pendleton is a seasoned business development executive with extensive experience in the legal, internet/new media and entertainment industries. She is the US Director of Business Development for the largest global law firm in the world. She is also an active angel investor who invests and advises women and minority-led companies. Listen on iTunes, Stitcher Radio or TuneIn In this episode, I asked Lorine these questions: What was your dream as a child? Did you always have dreams of being a lawyer? What are the biggest things you learned about yourself in your time at Londell McMillan PC? Why transition from being a practicing attorney to your present role with Dentons? Do you have mentors today? When did you begin learning about the process of being an investor? Explain what an angel investor is and does? What are the most important metrics that you're looking for as an angel and that help you decide whether you're going to take action and invest with a founder? How do you keep from falling into and getting stuck in comfort zones with work? What do you do to push yourself to new and higher heights? Share a couple fundamental lessons that black women and minority founders need to know, to grow their business and raise funds. 00:00 - What can we look forward to with you? Are there any big dreams and goals on your vision board for the next 10 years and beyond that you'd care to share with us? Lorine shares 8 alternate sources to seek funding beyond traditional angel / venture capital (V.C.) funding: Government Grants Small Business Research Innovation Program Business Technology Transfer Program Economic Development Agencies Startup Competitions Verizon Powerful Answers Competition Startup Accelerator Programs Crowd Funding Websites Links and resources mentioned: Lorine Pendleton on Twitter Lorine Pendleton on LinkedIn Lorine's article on Black Enterprise Lorine - AngelList Lorine's Fav Resources: Evernote Lorine's Fav Book: The Startup Checklist: 25 Steps to a Scalable, High-Growth Business; Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire Lorine Pendleton's Bio Lorine Pendlenton is a seasoned business development executive with extensive experience in the legal, internet/new media and entertainment industries. She is the US Director of Business Development for the largest global law firm in the world. She previously worked at Simpson Thacher, one of the oldest and most prestigious law firms in the US. Previous stints include working at a number of startups such as SelectMinds, developer of web-based social network programs for corporations acquired by Oracle and Community Connect, the publisher of the leading ethnic social networking websites BlackPlanet, AsianAvenue, and MiGente, acquired by Interactive One. She is a former practicing attorney at Londell McMillan PC, a leading entertainment boutique law firm, where she structured and negotiated multifaceted entertainment and media deals on behalf of her clients such as Prince, Spike Lee, Ruff Ryders Records, Faith Evans, Stevie Wonder and Chaka Khan. Lorine is an active angel investor who invests and advises women and minority led companies. Her portfolio includes Cisse Trading, Traklight, Hire an Esquire and Nextwave Rising Tide Fund. She is an alumna of Pipeline Angels, an angel investing bootcamp which trains women to become angel investors and increase diversity in the US angel investing community. Lorine served on the board of directors for the National Black Programming Consortium, which provides funds and distributes films and TB programs relating to African Americans with principal funding from the Corporation for Public Broadcasting/PBS. She also served on the board of Living Labs Foundation, which organized the TEDxHarlem conference in Harlem in 2012.