Classification Talks: Larry Daugherty & Sharon … Talks: Larry Daugherty & Sharon McClellan Todd Pietri Managing Partner – Milestone Partners Life Coach, Spiritual Counselor, &

Today we welcome as our speakers Larry Daugherty and Sharon McClellan, who will be giving their Classification Talks to the club.

Volume 68 – Number 5 August 4, 2015

August 11: Lea King-Badyna, Keep Brunswick & the Golden Isles Beautiful August 18: U.S. Representative Buddy Carter (GA-01)

In its early years, the original Rotary Club of Chicago used a wagon wheel emblem, an idea attributed to Paul Harris. When an engraver joined the club, he offered to design a new emblem. Members rejected his first idea---a plain buggy wheel. At the 1911 national convention in Portland a committee was appointed to come up with a design. They added cogs to create a working wheel, symbolizing the members working together, literally interlocked with one another to achieve the organization's objectives with 19 cogs in honor of their club. Today, Rotarians around the world proudly wear the Rotary wheel as the emblem of “Service Above Self.”

Classification Talks:

Larry Daugherty & Sharon McClellan

Todd Pietri Managing Partner – Milestone Partners

Life Coach, Spiritual Counselor, & Intellectual Mentor

8/11 Paul Pieschel & Dwight Plyer

8/18 Zach Powell & Rick Powers

8/4 Tom Parker & Cindi Phillips

Last Program: July 28, 2015 July 21, 2015

It’s always great to have a member of the family speak to our club. This day, Todd Pietri, son-in-law of

Martin & Sandy Turbidy, spoke to us about a fascinating subject – the Venture Capital business.

Founded in 1999, Milestone Partners is a Venture Capital Firm based in New York City specializing in

Medical Information & Technology Companies. It’s a niche market that they know well. Since their

beginning, they have raised venture capital for 17 different medical technology companies with

impressive results. Most of their venture companies have grown exponentially with outstanding results

for their investors.

What is Venture Capital? According to Todd, they raise money to help smart entrepreneurs with a

small medical company and great ideas to grow by infusing that company with the funds to hire

management, staff and perpetuate product development. To make it all work and keep investors happy,

a venture capital enterprise must perform at a minimum of 4-5% above the S&P annual return.

Before venture capitalists like Todd, it was just the big guys like the Rockefellers, Whitneys, and

Morgans who invested in venture capital projects. Around 1942 that all changed, when a Frenchman by

the name of George Doriot came to the U.S. for an MBA education at Harvard and later came up with

the concept of venture capital by a large group of smaller investors. His first project was a Florida-based

orange juice company that later became Minute Maid. Minute Maid

was later sold to Coca-Cola. In the 1970s, a young start-up called

Digital went from a $100,000 initial investment to $400,000,000

when liquidated a decade later. Other venture capital projects

worth recognizing include Apple, which initially sold 15% of its

company for $500,000, only to grow that investment to

$100,000,000 in 3 years. And where were we when that

opportunity was offered?

Thanks,Todd Pietri, for gracing our microphone this day!

8/2 Tuffy Adams

8/2 Clint Winne

8/6 Ervin Williams

Bud Dorsey $38

A vote will be taken today to approve two amendments to our Bylaws pertaining to rules of membership. A copy of these amendments was sent to you via email on July 28. Thank to all members for approving the raise in quarterly dues. Now that we have that behind us, we will concentrate on a great year ahead. Invoices for the additional $25 dues will be sent via email ASAP. Please be sure to pay your dues promptly. A credit card machine is available today at the front desk for your payment convenience. Unfortunately, we still have outstanding payments from last quarter! What’s with that? Please pay up! Thank you!

Members Present: 73

Club Guests – 2 Jenny Humphries and Betty Robinson,

Guests of Stan Humphries

Speaker & Guest – 2 Todd Pietri and his son Grant Pietri

Total Attendance: 77

Dear Fellow Rotarians, We’re delighted to report that Nigeria has passed one year with no new cases of the wild poliovirus. This is the longest the country has ever gone without a case of polio and a critical step on the path toward a polio-free Africa. It was only a decade ago that polio struck 12,631 people in Africa- three quarters of all cases in the world. We congratulate Rotarians who have donated $688.5 million to fight polio throughout Africa, including more than $200 million to Nigeria. However, our work is not done. We know that polio can return, with devastating consequences. We have a narrow window of opportunity to achieve goals, and if we fail, we could witness up to 200,000 cases a year in the near future.Visit endpolio.org to download a toolkit of materials to help you share this progress. Pakistan’s budget for polio eradication activities from 2016-2018 amounts to $305.7 million, and if we can raise this sum, a polio-free world will reap financial savings of US$50 billion over the next 20 years and prove what’s possible when the global community comes together to improve children’s lives. Your donation to PolioPlus will be matched 2 to 1 by the Bill & Melinda Gates Foundation, tripling your contribution. Our belief is becoming reality. For every child, let’s make sure that reality is a bright one. Warm Regards, RI President K.R. "Ravi" Ravindran

Martin Turbidy, Todd Pietri and Lucille Pietri