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hutchlaw.com

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Investments

1

Portfolio Exits

1

About Hutchison Law Group

Hutchison is a boutique law firm that embraces the entrepreneurial spirit and steers technology and life sciences, entrepreneurs, to success through all stages of their company’s life.

Hutchison Law Group Headquarter Location

3110 Edwards Mill Road Suite 300

Raleigh, North Carolina, 27612,

United States

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Latest Hutchison Law Group News

A growth story: CEO talks building college startup to $10M in funding, 100+ employees

Oct 1, 2021

Editor’s note:  Trevor Schmidt , is an attorney with Hutchison PLLC. RALEIGH – We got the opportunity to sit down with Aleksander Levental, co-founder and CEO of Feathr, to discuss his journey through entrepreneurship and how he got to be where he is today. Based in Gainesville, Florida, Feathr unifies marketing efforts in a single platform that offers detailed analytics, targeted digital advertising, influencer marketing and more for underserved markets like associations, non-profits and charities. Aleks and his co-founder Aidan started Feathr back in college at the University of Florida, but the company has changed quite a bit since their first idea. Aiden’s actual startup idea, the one he really wanted to pursue as a 21-year-old or 22 years old, was an app to replace business cards. The idea pivoted as time went on to an app that can be used at conferences and trade shows. The issue that arose with this app was that there is a simplicity in handing someone a business card at a conference or in any interaction. With the app, the user had to be confident enough that the other person already had this app downloaded on their phone or else it would not be effective. In the grand tradition of startups pivoting to find their best product/market fit, Feathr moved away from digital business cards to a niche marketing platform for associations. Aleksander keeps explaining how big of a role pivoting takes in startups and entrepreneurship because not only is your idea and product constantly changing, so is your relationship to your work and how you go about logistics. A more current issue he is dealing with is adapting to the changes that COVID has left him with. Going from having every meeting in person and being able to bounce ideas off of each other to spending hours on a computer screen doing remote meetings was hard for the company as well as the morale of the employees. Another thing that was an unforeseen situation for Feathr was that they expected to reach 100% growth in terms of company performance and ended up around 30%. The entrepreneurial process was heavily slowed down with this shift in the workflow but the company still managed to push through while trying to keep its employees motivated. Even though Feathr experienced its ups and downs they still, just 8 years into the business, raised over $10M and have about 100 employees. Want to hear more about Aleksander’s story? Check out the full episode of the Founder Shares podcast, available wherever you like to listen. The blog content should not be construed as legal advice. (C) Hutchison PLLC

Hutchison Law Group Investments

1 Investments

Hutchison Law Group has made 1 investments. Their latest investment was in Brightpod as part of their Series A on November 11, 2000.

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Hutchison Law Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/20/2000

Series A

Brightpod

$5M

Yes

Date

11/20/2000

Round

Series A

Company

Brightpod

Amount

$5M

New?

Yes

Co-Investors

Sources

Hutchison Law Group Portfolio Exits

1 Portfolio Exit

Hutchison Law Group has 1 portfolio exit. Their latest portfolio exit was Brightpod on August 17, 2001.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/17/2001

Acquired

$99M

Date

8/17/2001

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

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