Tag Archives: credibility

Gov. Jan Brewer showed poorly in debate

Don’t Expect A Second Gubernatorial Debate

The candidates for governor will have one debate this year and it was last night. Who won? Well, any answer to that is subjective. Most news agencies (and friends on Facebook) are reporting that Gov. Jan Brewer showed poorly. She seemed uncomfortable right from the start, and I even discussed with one friend whether she was properly prepared or not.

So, if it is so obvious that she did badly, what does that mean for the race? I believe it means nothing.

In the past few months, Brewer has been elevated to the national level. Her support for SB 1070 has made her a regular subject on most cable news channels and their websites. She has become a national figure on the immigration issue and in direct conversation with President Obama.

So back to last night’s debate. Wait! First let’s talk debate strategies. Campaign 101 says that when you have a strong candidate who is well ahead in the polls (Rasmussen Polling has Brewer up 19%) don’t debate your opponent. You give them attention and credibility that they may struggle to get on their own. Because Brewer is a Clean Elections Candidate (publicly financed), she is required to attend at least one debate.

OK, now let’s go back to last night. She didn’t look good. With 60+ days to go before Election Day and a large lead, I would say this was like taking the medicine quickly and getting it over. Within 30 days this debate will be mostly forgotten as early balloting begins. I believe that Brewer and her staff are probably pretty happy that the debate was early and that it’s done. Now her campaign will become about her dialoguing when she wants and how she wants while the Democratic candidate, Terry Goddard, will continue to chase her around and demand more debates. He will most likely never get them.

If you are an outraged Democrat who finds this to be unfair, remember, this was the same strategy former Gov. Janet Napolitano used against Len Munsil in the last Arizona’s governor’s race (She actually gave him a second debate in Tucson that wasn’t broadcast statewide).

Brewer may have lost the debate last night, but the war is still pretty much in her control.

You can see the debate in its entirety at www.azpbs.org.

angel statue

New Angel Investment Group Targets Women Entrepreneurs

A new angel investment group called the Catalyst Committee is gearing up to invest in local startup companies that focus on consumer goods such as apparel, high-end furniture and cosmetics. Heading up the new committee is Dee Riddell Harris, president of the Arizona Angels, a group of private investors that has been funding startup, technology-based companies in Arizona for nearly a decade.

“The Arizona Angels have rejected a number of applications from women entrepreneurs over the years because their ideas weren’t technology based or have a patent behind them,” Harris says. “So the point of the Catalyst Committee is to be supportive of entrepreneurs, particularly women, who have good ideas, as well as businesses that are not tech-based.”

Harris started building the framework for the Catalyst Committee about nine months ago. The group met for the first time in November 2008 and now has 35 potential women investors from around the state. During the kickoff meeting, the founders of three local startups talked to the group to provide an idea of the type of companies that could eventually apply for funding. High-end fashion designer Debra Davenport talked about the fashion industry in Phoenix, her couture collection, which she launched in November 2007 during Phoenix Fashion Week, and her hopes of one day raising $1.7 million that would allow her to participate in fashion shows around the world. She also showed a number of garments from her couture collection.

“Being able to participate in key fashion shows in Los Angeles, Miami, New York, Paris, Milan and London is a fashion designer’s primary marketing tool,” Davenport says. “But it’s not cheap. It can run anywhere from $30,000 to $100,000 per show when you figure in pattern making, fabrication, manufacturing and all the specialized notions, materials and threads that have to be brought in from places like Paris and Italy.”

Last year, Davenport was able to show her luxury collection during the Mercedes-Benz Fashion Week in Los Angeles. It’s the second largest and most prestigious fashion week in the United States next to New York Fashion Week. Davenport was also the first and only designer to show from Arizona, according to IMG, the production company that puts on the show. Now, Davenport was invited to show her fall collection during the most recent New York Fashion Week.

“I’m hoping that with the significant achievements we’ve been able to accomplish over the last 15 months, we will catch the eye of some savvy investment people who think this is a winning proposition,” Davenport says.

She is planning to launch her first signature fragrance later this year or in early 2010. She also plans to expand her design offerings to shoes, handbags and china patterns. The 50-year-old fashion designer has already completed designs for china patterns, shoes and luxury handbags that will be manufactured in Italy.

Kathie Zeider, senior vice president of Legacy Bank and a member of the Catalyst Committee, says there are many worthwhile businesses in Arizona like Davenport’s that serve women, or are women owned, and poised for high growth of $5 million to $50 million.

“We’re in a service and tech economy, so for Arizona to grow and prosper we need to nurture both sides of the economy,” Zeider says. “Kudos to Dee Harris for seeing this gap in the Arizona marketplace and developing an initiative to fill this need.”

Committee member Connie Jungbluth also believes early-stage investors are critical to the state’s economic vitality. “It’s important to infuse capital into early-stage companies in our community, especially in this economy,” she says. “Women are also big consumers, so overlooking businesses that serve them is not a good idea.”

The Catalyst Committee is still in search of investors to join the group. Its goal is to have 100 investors and to help one local startup company a month. Investors must meet state and federal accreditation standards. Individual investors need an annual income of $200,000 for the current year and the past two years. Couples require an annual income of $300,000 for the current year and last two years. A net worth of $1 million is also acceptable in lieu of the income standard.

Entrepreneurs can submit their applications and business plans to the Catalyst Committee via the Arizona Angels Web site. Harris says entrepreneurs seeking angel investment need to be well prepared when applying for funding; they need a strong business plan with important information aimed at investors.

“Angels are extremely interested in the management team that gives credibility to the firm, so oftentimes they read the first paragraph of a business plan, then skip straight to the management team because it’s so important,” he says. “They also want to know about the company’s marketing and sales strategy and whether the company has some type of competitive advantage.”

www.arizona-angels.org