Monthly Archives: May 2003
Pennsylvania Technology Company Receives $2.50 Million; HyperNex, Inc. Closes Second Funding Round
STATE COLLEGE, Pa.–(BUSINESS WIRE)–May 23, 2003–HyperNex, Inc. today announced the completion of a $2.5 million venture capital funding round, led by Draper Triangle Ventures with new investmentsfrom CID Equity Partners and Draper Fisher Jurvetson. Existing investors, Staley Capital Partners and […]
Former Massachusetts Leader Swift Joins Boston Firm That Invests in Education
May 23–Former acting governor Jane Swift, entering the venture capital world that Mitt Romney left to run for her office, has taken a job at Arcadia Partners, a Boston-based firm that invests infor-profit training and education companies. Swift, 38, began […]
Three Professionals Create $125 Million Investment Fund in Austin, Texas
May 23–A venture capitalist, an entrepreneur and a seasoned investment manager have partnered to launch a $125 million investment fund in Austin. Blue Sage Capital is the first fund created in Austin in at least two years, said Kirk Walden, […]
Building An Ideas Company ; Accelerator Aims To Lure Best Concepts In Biotech Industry
Seattle’s biotechnology industry yesterday received another booster shot. Three of the country’s top-tier venture capital firms joined with Alexandria Real Estate Equities and Leroy Hood’s Institute for Systems Biology to create Accelerator Corp., a Seattle firm that will incubate new […]
Raleigh, N.C.,-Based Network Security Firm Completes Second Financing Round
May 23–RALEIGH, N.C.–Network security company CipherOptics has completed its second round of financing with $9.6 million coming from an existing backer and some new investors. CipherOptics, formed in 2000, will spend the money on sales, marketing and the development of […]
VC investment slumps on SARS fears
Venture capitalists in China are suffering from the spread of SARS in the country, but their enthusiasm will return in the third and fourth quarters with record investment, a major domestic venturecapital (VC) research firm stated yesterday. “Owing to the […]
St. Louis Post-Dispatch David Nicklaus Column
May 23–KANSAS CITY, Mo. — The brutal bear market seems to have erased the classic entrepreneurial dream of quick stock-market riches. At least, that’s the conclusion you could draw after hearing 20 startup companies appeal for money Thursday at the […]
THE INVESTMENT COLUMN: Questions for Man as bull returns
THE QUESTION wrapped up in the enigma of Man Group’s share price is whether the explosion of investment in hedge funds is a bear market fad or something sustainable in the long term. Man is the UK’s biggest hedge fund […]
Fund denied access to SBA ; Action linked to Southeast Capital’s former president who resigned last week
Southeast Capital Partners, formerly known as the TennesSeed Fund, has been denied access to a federal Small Business Administration program and an associated $20 million for investment in start-uptechnology companies. The denial was directly linked to fund manager and president […]
Nothing Ventured, Millions Gained From State
Imagine the state gave you $75 million in tax money to invest in new businesses to create jobs. Imagine that, rather than creating jobs, the companies you invested in lost 174 jobs in the first four years. Imagine you got […]
Stay Or Leave?
CEO of a local startup says New Mexico is stingy with incentives Aerospace Composite Structures is exactly the type of business New Mexico’s economic development leaders say they want to attract. It’s a clean industry, using a new process developed […]
British Financial Firm Comes Back with Asia Hedge-Fund Play
May 22–The Barings name, missing from Asia since Nick Leeson’s bets on the Nikkei Average sank the bank in 1995, is set to return with a new hedge fund next month. Baring Asset Management is teaming with research house Fauchier […]