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More acquisitions looming? Peak 10 secures $60M credit facility
Charlotte-based provider of data hosting, other services plans expansion, CFO says.
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Business presentation – What’s the opportunity and how do you get it?
Angel Connection: All the information about the product or service should simply demonstrate that the buyer’s need is addressed and that it will win against the competition.
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Triangle tech community loses advocate, entrepreneur, investor in Paul Rasmussen
Memorial service is set for Friday afternoon at First Flight Center in RTP. Rasmussen ran, invested in, and mentored many high-tech firms in region for 15 years.
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The ‘titans’ of venture capital: Entrepreneurs, we’re here to serve you
VentureBeat: An National Venture Capital Association, ‘Midas List’ leaders John Doerr, Michael Moritz stress their service to up-and-coming firms.
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PwC’s Jeff Barber to retire, seek new opportunities
Managing partner of financial services’ Raleigh office helped take some of region’s best-known companies public. He has worked at PwC for 31 years.
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Spot Runner raises $51 million to expand global media business
Firm can target ads more precisely and distribute multiple versions of ads to different audiences. It has thousands of clients and says its revenue is growing rapidly.
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Serial life science entrepreneur Max Wallace takes on new challenge
Wallace will leave startup TheraLogics to become CEO of Bain Cancer Cure foundation. However, he plans to stay in Triangle and remain involved in Chapel Hill-based firm.
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Gaming breakthrough? Prime Sense claims to have the best 3D game controller
VentureBeat: Israel-based company says its technology enables computer to perceive the world in 3D and derive an understanding of the world based on sight, just the way humans do.
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X marks the spot: Xobni launches e-mail organizer for Outlook
VentureBeat: After tests from 50,000 users, a beat version is now available.
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Is LinkedIn being sold? The world wonders
VentureBeat: Company’s user base doubled last year to more than 20 million active users worldwide. It claims that 1.3 million new members are joining per month. The average user is 41 years old and makes around $110,000.
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Business presentations – Tell the whole story
Angel Connection: Many presentations omit one or more areas of information, causing the audience to question whether the business owner actually understands their business.
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Personal finance site Mint adds investment tracking
VentureBeat: Site looks to be the first of the general personal finance sites to move beyond basic bank accounts and expenses into investment tracking.
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Kongregate to launch Facebook games, raises $3 million from Amazon’s Jeff Bezos
VentureBeat: Investments from Bezos Expeditions will be used to fuel the company’s expansion to new platforms and expand beyond the mostly male audience that plays Adobe Flash-based games at Kongregate.com.
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Medical Device Startup CivaTech Raises $1M
Two-year-old company is developing means to deliver a radioactive ‘sting’ to combat cancer.
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Startup Sunrgi claims major advances in solar power
VentureBeat: California-based startup says its technology can produce cheap energy.
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Massachusetts-based stent technology firm Names CEO, picks RTP for headquarters
Guidant veteran will lead Tryton Medical, which closed on $14 million in venture funding earlier this month.
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NileGuide Aims To Own Trip Itinerary Business
VentureBeat: NileGuide will offer a site that has experts in multiple locations around the world who can give you information that is accurate and relevant.
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Investors Pour $18.4M More into Biopharmaceutical Firm Aldagen
Durham-based startup, which is basked by Intersouth and Aurora, has four potential drugs in development.
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Silverpop Closes on $15M, Plans Additional Acquisitions
E-mail and on-demand marketing firm run by Raleigh entrepreneur Bill Nussey also lands new investor.
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Take Heart, Entrepreneurs – Outlook for Angel Funding Is Good
Angel Connection: Angel Capital Association seeks positive signs despite a souring economy.
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MobiTV Lands $5M in Additional Venture Capital
VentureBeat: California-based provider of streaming video services, has now raised $130M.
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Raleigh-Based Business Financial Services Raises $9M
Edison Venture Fund provides funding for company, which offers cash advances to businesses.
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Argos Therapeutics Closes on $35.2M in New Funding
Third round of financing includes three new investors. Funds will be used to advance potential immune-system based treatments for HIV, renal cell carcinoma.
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New York Private Equity Firm Invests in RTP-Based Carpio Systems
Amount of deal isn’t disclosed, but Carpio CEO says funds will be used for growth, acquisitions.
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Writing Next RTP Tech Success Story? That Could Be Mi-Co
Father-and-son team Jim and Greg Clary are turning proprietary technology for electronic forms and data-capture into a growing business. Now they are ready to seek their first venture funding – up to $5M.
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Atlanta-Based Wound Therapy Firm Raises $2.3M
Biofisica’s technology combines wound dressing with electrical stimulation.
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Marc Andreessen’s Social Network Creator Ning Raises $60M at $500M Valuation
VentureBeat: Funds to fuel growth, also ‘to make sure we have plenty of firepower to survive the oncoming nuclear winter, Netscape co-founder says.
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Venture Investing Declines 8.5% in First Quarter
Declining IPOs will continue to be a drag on startup funding, VC says.
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Investor Presentations – Motto for Success Is ‘Be Prepared’
Angel Connection: All audiences are not the same. Customize your presentation to the needs of your audience. You need to cover all the basic material, but emphasis should be placed on the areas of most interest to your audience.
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Venture Outlook for 2008 Is Promising Despite Slowing Economy, Venture Group President Says
Venture 2008 Preview: Mark Heesen, who leads National Venture Capital Association, will deliver largely upbeat message at CED’s 25th annual event.
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Motricity Executive Signs on as Chief Operating Officer at Hosted Solutions
Christopher Turco is part of expanding management team being put in place after Hosted acquisition.
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Charlotte-Based Solar Energy Cell Firm Raises $3.6M
Sencera International secures funding from Quercus Trust. Company pursues proprietary technology for rewnewable energy.
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Phase Bioscience Names Pharma Veteran as CEO
UPDATE: Christopher Prior replaces Nick Ellis who left firm in March to become CEO at Argolyn Bioscience. PhaseBio also adds two other execs to management team.
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Wakefield Group, Noro-Moseley Invest in Tennessee-Based Payments Solution Firm
FrontStream Payments closes on $16M in funding, plans to use funds for acquisitions and expansion.
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evincii’s Search Box Helps You Navigate the Drug Store
VentureBeat: California-based company puts search technology in brick-and-mortar environment.
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Fewer Venture Firms Are Raising Larger Funding Rounds
In first quarter, 57 funds raised $6.26 billion compared with 83 firms and $6.2 billion in 2007, a report from the National Venture Capital Association and Thomson Financial said.
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New S.C. Angel Network Hires Clemson Grad as Managing Director
Upstate Carolina Angel Network plans first meeting with presenting firms on April 18.
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Do’s and Don’ts - Tuning Up for the Investor Presentation
The Angel Connection: Entrepreneurs must – and can – get their message across about 12 crucial points in 10 minutes.
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Venture 2008 Preview: VCs Still Ready To Pull Triggers on Good Deals
As Council for Entrepreneurial Development’s 25th annual venture capital event nears, Wakefield’s Steve Nelson says slowing economy isn’t affecting deals or fund raising.
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U.K. Life Science Firm Picks Charleston for U.S. Headquarters
Myconostica, which focuses on combating infections, lands $7.7M in venture funding.
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Music Startups Stay on Track, Landing More Funding
VentureBeat: OurStage, MTraks creating enough buzz to land capital.
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UNC’s Kenan-Flagler Launches ‘Sustainable Business’ Accelerator
Program to include incubator space, faculty support for enterprises focused on financial profitability, social equity and environmental sustainability.
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In Exploding Casual Games Market, THQ Remains a Powerhouse
VentureBeat: Communities of interest built around games are expanding video games reach, says California-based gaming firm executive.
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Pharma, Biotech Software Startup Lands $2.6M in Financing
Hatteras Venture Partners, Southern Capitol Ventures lead backing for ArtusLabs. Firm’s management team also launched and sold Synthematix in Triangle.
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SocialMedia Is Cashing in on Advertising
VentureBeat: Social networks’ importance in online marketing is growing, says SocialMedia CEO.
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Home Runs on PCs – Inlet Helps Speeds up Major League Baseball’s Video
Raleigh-based company’s compression technology enables MLB to deliver more games faster – and in higher quality.
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Angel Investing Steady, Cautious in Wavering Economy
2007 angel market data released by Center for Venture Research
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Venture Firms Pour $200M into Open Source
VentureBeat:
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Glam, Fast-Growing Woman’s Network, Makes Ad Change
VentureBeat:
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Best vs. Best: 'IBeatYou' Site Lets Users Make Up Contests
VentureBeat: Site also includes wide variety of social applications. More tools are coming.
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Virginia-Based Local Search Engine Firm Focuses on Social Networks
VentureBeat: Loladex, which already is linked in Facebook, seeks to capitalize on business rankings compiled through social connections.
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The Investor Presentation: You Have 10 Minutes. Be Compelling, Complete
Angel Connection: To make a successful argument to investors, a presentation must address 12 key points, starting with the problem to be addressed and the solution your venture offers.
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Former Red Hat Exec Takes Over at Wiki Developer TWiki.net
VentureBeat: Government, business .can benefit from collaboration capabilities, Rod Beckstrom says.
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Big Blue Vs. Sun – IBM Invests in Web Applications Startup
VentureBeat: Open source Database startup EnterpriseDB also secures funding from Charles River Ventures, Fidelity and Valhalla Partners.
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Western N.C. Incubator Helps Prepare 3 Companies for InnoVenture
Two-day innovation and venture capital conference kicks off today in Greenville, S.C. Emerge Industries, Lab Escape and Infinity Learning Solutions will make capital pitches.
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Going Offline? Babystyle Files for Bankruptcy
VentureBeat: Los Angeles-based firm launched as e-retailer but had been opening brick-and-mortar stores at rapid rate.
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Are Venture Capitalists Threatening Lawsuits To Stay Spotless at TheFunded?
VentureBeat: Certain posts by entrepreneurs critical of VCs are being quietly removed and then replaced with more favorable comments. What’s going on?
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Virtual Spooks: IBM, California Firm to Create ‘World’ for Spies
VentureBeat: ‘Babel Bridge’ project to help various intelligence agencies share information.
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Start-Up Info Wiki TradeVibes Gets $900K
TradeVibes, he says, can become the center of not just business facts, but also debate and discussion.
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SpinVox Raises Whopping $100M+ for Voicemail to Text Conversion
VentureBeat: Six-year-old London firm wants to head off competition for deals with telecom service providers.
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A Must for Entrepreneurs: Know the Buyer’s Food Chain
Angel Connection: Using your in-depth understanding of your buyers, you need to structure the appropriate marketing campaigns that raise buyer awareness of the product’s value and availability.
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Hakia Begins Licensing Out Semantic Search Technology
VentureBeat: Semantic search engine Hakia has started to license its technology to other startups, starting with RiverGlass, a company that digs through and summarizes information on behalf of government agencies.
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Software Firm Clinipace Expands Management Team
Venture-backed clinical research solutions firm adds marketing, sales executives.
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Alimera Sciences Lands $30M in New Financing for Diabetes Drug Deal
Intersouth Partners is one of the founding investors in the Atlanta-based firm that focuses on treatments of ophthalmic diseases.
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Message This – ‘IM’ Technology Firm Meebo Aims To Raise as Much as $30M
VentureBeat: Social networking sites could make a play for instant messaging startup.
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Clearleap, a Provider of Video Delivery Services Technology, Closes on $9M
Noro-Moseley, Trinity Ventures lead round in Atlanta-based startup. Clearleap is led by execs who once worked at N2Broadband.
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Wall Street Fallout for Venture Capital-Backed Firms? Could Be as Credit Tightens
VentureBeat: Sale of Bear Stearns for one tenth of its market value is another sign of spreading financial crisis. Can startups weather storm?
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Sixteen Startups from across Carolinas, Tennessee to Present at InnoVenture
Fifth annual venture, innovation conference set for March 25-26 in Greenville, S.C.
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Just the Facts: Study Tracks Success, Failures of Startup Businesses
Report could provide data that leads to better understanding, expanded policy support for new ventures, Kauffman Foundation says.
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NVCA President Calls for More Federal Grants to Venture-Backed Firms
In testimony before House committee, Mark Heesen says Small Business Association ‘discriminates’ against firms that have VC investors. ‘To preclude them is a disservice to our country,’ he says.
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Heads up, Entrepreneurs: Feed the Ecosystem
Angel Connection: Companies must tailor their messages for every point along the marketing and sales food chain.
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Phase Bioscience Closes on $1M in Financing, to Relocate Headquarters
Silicon Valley Bank provides equipment-secured loan.
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Former AOL Chairman, CEO Joins Motricity Board
In an interview, Jonathan Miller says mobile content applications firm is ‘fascinating,’ ‘through the toughest part’ of its reorganization.
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Horticultural Asset Management Lands $3.2M in Funding
Company also names new chairman as part of investment.
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Liquidia Names New Board Chairman
Seth Rudnick, a partner in VC firm, will replace Lowry Caudill.
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Motricity Management Answers Its Critics
Spokesperson for high-tech company denies a rumor that CEO Ryan Wuerch received interest-free loan for house, says CEO’s wife is no longer on payroll, and defends company’s spending.
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CED Picks 36 Companies to Present at Upcoming Venture Capital Conference
Wide variety of firms from numerous states – including Indiana – will be on hand for 25th annual event in April.
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Fastest growing VC Markets? Try New Mexico, Pittsburgh
Research Triangle, North Carolina, Georgia all fail to crack top five list in National Venture Capital Association report.
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Argolyn Names New CEO, Will Move Headquarters to RTP
Venture-backed startup also adds chief development officer. Its R&D operation will remain in Charleston, S.C.
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Early Twine Review: Twitter Meets Wikipedia
VentureBeat: Twine helps users collect and organize information, acting as a semi-intelligent personal encyclopedia. It utilizes semantic technology developed in-house by Radar.
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Personal CPM: A Measure of Social Networking Influence and a Business Model
The ‘social graph’ — the data about you and your interactions with others in social networks — is a powerful new form of advertising because the social influence of individuals is amplified through social connections.
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N.C. makes ‘green’ available for green entrepreneurs
The Angel Connection: Department of Commerce initiative will provide grants to companies seeking to build environmentally friendly products, services.
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Liquidia Picks another J&J Veteran as Chief Executive Officer
Venture-backed startup, which is focused on nanotechnology, picks Neal Fowler for top job. Fowler is a Raleigh native.
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Motricity’s Layoffs Will Gut Durham Operation; Headquarters Moving West
Often hailed as a Triangle high-tech success story, Motricity will cut virtually all its workers in Bull City. A small operation will remain in Durham after restructuring is completed.
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Chip Technology Firm Qcept Closes on $9.5M
Siemens Venture Capital leads ‘C’ round in Atlanta-based startup
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Healthcare Product Startup Chesson Labs Closes on $3.3M in Financing
The deal comes just two months into the tenure of new Chief Executive Officer Scott Neuville, who joined Chesson as part of a management reorganization in January.
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We Have Seen the Future in Gaming … and What Changes Are Coming
VentureBeat: At Game Developers Conference, futurist Ray Kurzeil sees tech change accelerating – with help of games. Plus, ‘Sims’ creator wants players to be able to create own stories in his ‘Spore.’ And: Virtual worlds are everywhere.
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Going green produces billions as in dollar$
Cleantech investment in 2007 up 43 percent, tops $3 billion, says Dow Jones survey.
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InnoVenture Picks 16 Companies to Present at Venture, Technology Conference
Fifth annual two-day event focusing on innovation is set for March 25-26 in Greenville, S.C.
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How Are You Going to Beat Your Competition?
Angel Connection: Investors are looking for a winning product or service and a plan for beating competitors.
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Monica Doss to Step Down as CED President
After more than 20 years of leading entrepreneurial group, Doss says she plans to pursue other opportunities.
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Mining for Smart Investments at Cleantech Forum
VentureBeat: Reviewing 10 promising cleantech startups on the prowl for funding.
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Maryland Broadband Video Startup Lands $15M
VentureBeat: TidalTV to create professionally produced video content on the web.
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Southeast Venture Conference Draws Investors Representing $50B
Second annual event set for Wednesday, Thursday in Tysons Corner. Wide range of companies to present in search for cash.
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Intersouth Pours another $2M into Social News Site
VentureBeat: Mixx positions itself as competitor to Digg. Intersouth led earlier round worth $1.5 million.
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Report: NCSU's Technology Incubator Helps Fuel Growth of Startups, Jobs
RTI study finds 26 incubator "graduates" have created more than 200 jobs, generated $36 million in funding. Centennial Campus operation currently houses 30 other startups.
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Woman’s Network Glam Raises $84.6M at Half a Billion in Valuation
VentureBeat: Glam is now top-viewed women’s site, according to Comscore.
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Wake Forest University Receives NSF Grant to Expand Entrepreneurship
$596,679 in funding will help school work with organizations, other institutions to help fuel startups in Triad.
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As Sun Tzu Says, Know Your Enemy - Competition
Angel Connection: Successful executives don’t enter the battlefield with the wrong weapons, deploying inappropriate tactics, with too few people, or engaging on the wrong terrain.
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Mochi Media, a Startup that Helps to Redefine Casual Gaming, Growing Strongly
VentureBeat: Tools for ad placement and tracking of players’ actions help firms share revenues, generate Web traffic.
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Easy-to-Use Database Blist Raises $6.5M
VentureBeat: Product’s big selling point is ease-of-use: it has the versatility and power of a relational database, but it doesn’t require knowledge of programming languages.
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N.C. offers $1M in grants for ‘green,’ alternative energy technology
State program targets small companies; grants can be as much as $100,000.
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Software as Service Provider SilkRoad Sews Up $10M in Financing
Azure Capital leads latest round in Winston-Salem startup. SilkRoad plans to expand sales, marketing and product development.
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Changes Brew at Intervolve – New CEO to Lead Venture Capital Hunt
Software developer seeks additional funds, tightens focus on beverage industry. Dave Rizzo of NCIDEA is now board chair.
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CED Launches Web Site to Help Emerging Entrepreneurs
Startups247.com will feature growing variety of moderated forums.
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Top Prize in Southeast BIO Business Plan Contest Is $100,000
Second annual event offers winner a prize in cash, services. Applications now being accepted.
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Where’s the Money? Investors Need to See Entrepreneurs Can Close a Sale
The Angel Connection: Know the value of your product or service, be the best, and make your customers offers they can’t refuse.
