Local Startups Pitch Investors at Grubstake Breakfast

I was cruising around the interwebs this evening and came across an interesting article at Tech Journal South about the Grubstake Breakfast helpd in Vienna, VA this morning.

The Grubstake Breakfast, sponsored by the Business Alliance of George Mason University, is the longest-running networking and investors forum of its kind in the Mid-Atlantic region.

According to the article, the breakfast is an opportunity for local based startups to present their business models to a room full of these investors.  The companies are using early stage startups looking for an A series round of funding in the $250K to $2 million.  Here are the lcoa companies that presented today:

• Reston, Virginia-based Eye Q Development (www.eyedevelopment.com) utilizes an array of patent-pending techbnology and proprietary software platforms to inlay RFID into tickets, ID cards, and water-resistant wrist bands to allow tracking of assets and personnel for security and marketing data analysis.The company is seeking $2 million series “A” investment that will be used for sales/marketing, product completion of additional software, and beta and close of current pipeline.
• Herndon, Virginia-based IRFlex Corporation (www.irflex.com) develops and supplies mid-infrared fiber-optic devices for the military. The company’s products are key components in the new anti-missile systems for military and commerical aircraft. The company is seek private funding of approximately $1 million to acquire the fiber-optic equipment and produce commercial products.
• Vienna, Virginia-based Ordia Solutions, Inc. (www.ordiasolutions.com) has a Web-based sofware application that allows law enforcement officers and other first-responders to communicate and collaborate visually in real-time using tactical graphics, digital maps and shared workspaces to enable highly effective command & control without ever having to set up a physical command post.Ordia Solutions has already raised $630,000 and is currently seeking an additional $500,000 to continue operations and build customer support infrastructure while the early-adopter deals continue toward closing.
• Maryland-based Loladex (www.loladex.com) is a local search engine that allows users to find local businesses based on recommendations from people they know. By integrating with existing social networks Loladex emulates the word-of-mouth process that most people prefer for choosing local merchants. With $350,000 invested so far, Loladex is seeking an additional $750,000 in seed funding to support growth of its existing product and expansion into other Web, social and mobile platforms.

I was really happy to see Loladex on the list.  I have an email in to Dan Goodman, one of the founders, to get some more insight and news as to how things went for them.  We featured loladex here when they launched and have come to know them well and look forward to their success.