Monthly Archives: May 2003
Venturing forth
A Northern Virginia venture capitalist, speaking at Shenandoah University last month, compared the bubble of the late 1990s to today’s investing climate. Back then, the business strategy was first to market; now it is first to profitability, said John Backus, […]
Fast Lane: STATE – Venture Capital Fund Invests $40M in Tri-State Area
FORT Washington Capital Partners has raised $40 million for a new fund created to drive investment in early-stage-venture capital opportunities in the northern Kentucky, central and southwesternOhio, and southeastern Indiana region. The Tri-State Growth Capital Fund I, L.P. will support […]
VC in NC: Bucking the National Trend
But investments still are scarce for entrepreneurs who often need funds the most – “seed” startups. When it comes to “Top Ten” lists, venture capital statistics are not something David Letterman everwould consider for “The Late Show.” But those figures […]
Arrayjet raises funding package worth (pounds) 1m
Arrayjet has raised a (pounds) 1m funding package that will allow the Dalkeith start-up to take the printer it developed to speed up genetic testing to market. The cash includes (pounds) 200,000 from the (pounds) 20m Co- Investment Fund, in […]
ClearMed Raises $7.2 Million in Series A Financing; Funding to Fuel Growing Demand for ClearMed’s Innovative Medical-Device Reprocessing Service
BELLEVUE, Wash.–(BUSINESS WIRE)–May 1, 2003–Bellevue-based ClearMed Inc. has received $7.2 million in venture capital led by Integra Ventures, a Seattle life-sciences venture-capital firm. The financing was supported by Buerk, Craig and Victor LLC (Seattle); Eaglestone Investment Partners ILP (Long Beach); […]
Broad Daylight Raises $5 Million in Venture Capital; CRM Software Developer Increases Momentum in eService Market
SANTA CLARA, Calif.–(BUSINESS WIRE)–May 1, 2003–Broad Daylight, a leading developer of enterprise self-service solutions and call center software, today announced the completion of a $5 millionround of financing led by new investor Peninsula Equity Partners. Also participating in this round […]
Venture-Capital Investment Falls to Six-Year Low
May 1–National venture-capital investment tumbled during the first quarter to its lowest level since 1997, extending a three-year slide and reflecting continued economic uncertainty. Surveys released this week by two consulting firms illustrated a venture community still unwilling to commit […]
San Jose Mercury News, Calif., Term Sheet Column
May 1–Full disclosure in business is almost always a good thing. California’s giant pension fund, CalPERS, on Wednesday hammered one of the last nails in the coffin of secrecy in the venture capital industry — and it’s probably a good […]
Fountain Hills, Ariz., Authors Describe Critical Errors in Business Plans
May 1–Poorly written business plans can prohibit entrepreneurs from getting financed, possibly crippling their businesses and dreams, two Fountain Hills entrepreneurial authors found in a recentstudy. Business plans, typically between 15 and 50 pages long, are road maps that guide […]