DataSync history slideshow given at the 2010 South Dakota GOED Conference, held on April 22, 2010.

1. Connecting the Dots:
How to encourage budding
entrepreneurs in your community

2. The Story of DataSync...
Vetter Solutions was
launched as a sole
proprietorship in May 2004
 Offered Home PC
support, business network
support
 Served 100+ residential,
25+ business customers
 Ran out of the Vetters’
basement

5. Vetter Solutions, Inc.
Vetter Solutions was
Incorporated in July 2005
 Moved into full office
in Madison, SD
 Added network
management, web
development, IT Security
services
 Funded by SBA backed
Loan, SBDC created
financial projections

7. The new idea: DataSync
Customers needed a backup solution to
protect their data...
 We Believed online services had potential
 Began hosting customer backups,
applications
 Created management team/strategy
 Due to large potential, Board of Advisors
created (Rich/SDTBC put together team)

8. What did it mean?
Maybe we could host
services/software, pass
the savings on!
 VERY scalable model
 BUT, required
substantial capital
 Looked to Enterprise
Institute for help.

9. Capital: Giant Vision
We needed to raise
$500,000 to get the idea
off the ground.
 2006: Rejected
 2007: Semi-finalist
 2008: Semi-finalist
 Zero capital
 LOTS of feedback!

10. Series A Offering
End of year 2008:
DataSync closes Series A
offering
 Used services of SBDC,
Enterprise Institute,
RAIN network, GOED
 Pitched all over the
region
 Funding came in at the
last minute

11. Rights Offering
October 2009: DataSync closes additional
$1 million in funding
 Follow on RAIN investment
 Individual local ANGEL investors
 Adds integration with Quickbooks,
distribution channels

12. DataSync Today
Growing software
company with an innovate
product!
 16 employees
 1000’s of users around
the world
 25+ partners
 A chance at an exit!

13. The Team
DataSync is the result of collaboration of many!

14. Panel Discussion
 Dr. Melvin Ustad - Director, Office of
Commercialization
 Rich Naser - Executive Director, South Dakota
Technology Business Center
 John Hemmingstad - Director, Avalon Capital
Group
 Mike Vetter - CEO, DataSync

15. KEY FINDINGS

16. KEY FINDINGS

17. KEY FINDINGS
 Connect Entrepreneur to providers

18. KEY FINDINGS
 Connect Entrepreneur to providers
 Create a mentor/advisor board

19. KEY FINDINGS
 Connect Entrepreneur to providers
 Create a mentor/advisor board
 Develop/polish business plan and pitch

20. KEY FINDINGS
 Connect Entrepreneur to providers
 Create a mentor/advisor board
 Develop/polish business plan and pitch
 Assess financing needs

21. KEY FINDINGS
 Connect Entrepreneur to providers
 Create a mentor/advisor board
 Develop/polish business plan and pitch
 Assess financing needs
 Position for growth