For Immediate Release
Date: July 10, 2020
Contact: Deborah Uroda, News Director
Local NEWS Network (LNN)
67 Suttle Drive, Suite B
Durango, CO 81303
Durango, CO - Local NEWS Network (LNN) was one of 8 companies to attend the week long RVC HyperAccelerator between June 22nd-29th.
The workshop was led by a dozen RVC teachers and mentors from all over the country, and delivered over 50 hours of Zoom calls, concluding with a pitch to their investor network. The topics included Pitching, Exit Strategies, Valuations, Due Diligence, GTM Strategies, Financial Planning, and even Term Sheets.
“This RVC Program was engaging, intense and extremely useful” says Laurie Sigillito, CEO of Local NEWS Network, “our business and C-Team is now positioned to find Angel Investors that are aligned and interested in helping us Revitalize Local News across the Country.
The HyperAccelerator is an innovative immersion program to develop and prepare tech, healthcare, and consumer product companies for investment and fast growth. http://www.hyperaccelerator.org/the-rvc-hyperaccelerator/
“The course was powerful, helping us to refine our communication, develop a comprehensive financial plan and build an investment strategy that will allow us to grow the company quickly” says Bert Carder, COO of Local NEWS Network.
LNN launched in 2019 and is currently in 4 markets and planning to expand its profitable local news platform to 125 towns over the next 60 months. LNN recently received a $100k OEDIT matching grant from the State of Colorado and is raising a $500k seed round of investment funding right now.