Venture capital firms positive despite the tightening market
2008-03-04 04:17:00
The managing general partner of Anthem Capital Management’s Baltimore office expects a tougher year for entrepreneurs looking for funding, but said opportunities still exist for the right ideas.“My industry is not as directly impacted by economic upturns or downturns in the economy as others may be, but we’re hardly immune from its effects,” Gust said. “It will be increasingly difficult for private companies to raise capital
.”A survey released last month by the Mid-Atlantic Venture
Association showed an uptick in fourth-quarter investments from the previous quarter, with 89 percent of regional investors closing at least one new investment, compared with 64 percent in the previous quarter and 72 percent during the same quarter in 2006.
Read more: firms
, despite
US venture capital firm Chrysalis closes $163m fund
2008-02-28 03:13:00
Chrysalis Ventures has closed its fourth investment fund on $163m, exceeding its $150m target. The fund will offer equity capital
to young growth companies in the Midwest and Southern US.Chrysalis Ventures has made investments in over 55 companies in its three prior funds including Six Flags, ActaMed, High Speed Access Corporation, Tritel, Appriss and Genscape.Based in Louisville, Kentucky, Chrysalis has $375m under management. The firm invests primarily in healthcare services and technology, media and communications and business services.
Venture Capital investments in India a record $928 Million in 2007
2008-02-22 16:37:00
Mumbai: Venture
capitalists invested some $928 million in 80 deals for entrepreneurial companies in India
during 2007, according to the Quarterly India Venture Capital Report published today by Dow Jones VentureSource. This was a whopping 166 per cent increase over the $349 million invested in 36 deals in 2006, and easily the highest total on record for the region. The report found nearly 48 per cent of all venture financing deals in India were for Information Technology (IT) companies, as 38 rounds were completed, accounting for $384 million, more than India's entire 2006 venture investment total.
Region's biotechs fare poorly with VC investors
2008-02-15 11:38:00
Venture capital for the region's biotech community plummeted by 45 percent last year, compared with 2006, even as biotech investments reached record highs nationally and the industry became the most venture-backed sector last year, according to a new report by PricewaterhouseCoopers and the National Venture Capital Association. For 2007, nearly $1 of every $3 in venture capital nationally went to a life sciences company. In this region -- which includes Maryland, Virginia, D.C. and West Virginia -- the ratio dropped to a little more than $1 of every $10 for biotech companies.
Venture capitalists say market hot for funding
2008-02-15 05:24:00
Companies have continued to receive startup money because venture capital firms base their decisions on long-term investments, not current economic conditions, she said. Still, the downturn in the economy could eventually have an effect if the market for taking a company public goes south. Investors make their money when a company goes public."If there is a recession, the stock market is not going to be terribly conducive to firms going public," she said.
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Seattle venture-capital activity is among the fastest growing
2008-03-11 10:47:00
In the world of venture capital
, the Seattle
area is dwarfed by the frenetic activity of Silicon Valley and Massachusetts. But the Emerald City was the third-fastest-growing U.S. investment hub of the past 10 years, according to a report by PricewaterhouseCoopers and the National Venture Capital Association.The study, known as the MoneyTree Report, indicated local startups raised some $1.25 billion in 2007, up 211 percent since 1997.Two other areas, New Mexico and Pittsburgh, showed even faster growth over the decade, but the level of investment they attract is far smaller than Seattle's."It's growing along nicely," said Chad Waite, a director with Kirkland-based OVP Venture Partners.
Venture capital is on the move — to New Mexico, Pittsburgh and points beyond
2008-03-16 03:31:00
A new survey shows that venture capital
investment – the stuff that fuels technology innovation – is growing in parts of the country where it has been largely unapparent. The survey from the National Venture
Capital Association, based on data provided by Thomson Financial, found that while Silicon Valley remains the hotbed of seed capital, other regions are seeing it grow more quickly.In New Mexico
, for instance, venture capitalists put $128 million into 21 companies in 2007, the survey found. Compared to the investments made a decade ago, that’s an increase of 600 percent in the number of companies and of 375 percent in the amount of funding.Or take Pittsburgh
, the second fastest-growing region of the country in terms of venture capital investments over the last decade. In 2007, it
Read more: beyond
, New Mexico
“the often overlooked co-founder of YouTube,” has put together a venture investment group
2008-03-20 17:09:00
It is said that the new VC fund will be “founder
friendly.” With messages being passed around the startup world concerning seemingly unfair pressures and disadvantages associated with financing terms for fledging ventures (see: thefunded), such a tag line may prove attractive to new companies looking for backing without having to sign off large percentages of stock/ownership or agree to otherwise unfavorable terms. Of course, as the old adage goes, the proof is in the pudding. We’ll have to wait and see whether Karim and partners Kevin Hartz and Keith Rabois can live up to such a claim - albeit an unofficial one.So far, Youniversity has not registered as a VC firm with the SEC or the state of California, where it is based. A look back at the histories of Karim & Co shows the YouTube
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, investment
Biotech sector set to pull in venture capital funds
2008-03-28 16:05:00
Israel's biotechnology sector
is poised to attract more investment from venture capital
funds over the course of the year, according to an Israel Venture Capital research paper.
China venture capital investment up 12.9%
2008-04-01 15:53:00
BEIJING, April 1 (Xinhua) -- The 73 venture capital
(VC) investment
deals completed in China
in the first quarter were valued at 585 million U.S. dollars, up 12.9 percent from the same period last year, said a report released on Tuesday by ChinaVenture. The report said the number of deals completed was basically flat for the first quarter. For the same period in 2007, 72 deals were completed. The average deal size was 8.02 million U.S. dollars, up 11.3 percent. The medical and healthcare sectors remained the most popular among investors with seven deals completed. They were valued at 83.99 million U.S. dollars. Since the fourth quarter of 2007, the sector has been much chased by investors while the once-popular Internet service sector has seen a shrinking number of deals.
Fewer Venture Firms Are Raising Larger Funding Rounds
2008-04-14 16:50:00
Fewer
venture capital firms raised larger rounds of funding in the first quarter compared with the same time frame in 2006 and 2007, the National Venture
Capital Association and Thomson financial reported Monday.A total of 57 firms raised $6.26 billion compared with 83 funds and $6.21 billion in 2007 and 75 funds and $6.59 billion in 2006.Mark Heesen, the NVCA president and a keynote speaker later this week at the Council for Entrepreneurial Development’s annual venture conference, said the need for capital is helping drive up the overall size of funds.“The interest by venture capitalists in capital intensive industries such as life sciences and clean technologies will likely drive fund sizes upward for the foreseeable future,” Heesen said.
Read more: Raising
, Funding
, Rounds
Silicon Valley venture capital
2008-04-23 10:40:00
Kleiner Perkins Caufield & Byers is joining with another clean-technology-focused venture capital
firm and a Norwegian company to bring electric cars to the USA. The joint venture's first product will be Think City, an emissions-free, 95% recyclable car with a maximum speed of 65 miles an hour. Plans call for a U.S. launch in 2009. The cars will be priced below $25,000. Kleiner Perkins is teaming with Boston-based RockPort Capital Partners and electric-carmaker Think Global to create a company called Think North America.
Read more: Silicon
, Valley
, Silicon Valley
Lessons from the father of venture capital
2008-05-06 05:18:00
French politicians often look enviously across the Atlantic at the entrepreneurial successes of the U.S. economy, such as Google Inc., Apple Inc., Intel Corp. and Microsoft Corp. So it is a heavy irony that the man who founded the U.S. venture capital
industry, helping to create many multibillion-dollar companies, came from France.In "Creative Capital," Spencer E. Ante, a Business Week journalist, recounts the life of a 20th century Renaissance man, Georges Doriot.Born in Paris in 1899, Doriot was the only son of a promising industrialist at the Peugeot car company and his schoolteacher wife. At age 21, Doriot sailed by steamship to the U.S. from his native France and went on to become a brigadier general in World War II, one of the most influential professors at Harvard Business School an
Read more: Lessons
Why the venture capital model is broken
2008-05-20 15:35:00
Why should we care? Simply because while the 'smart money' is busy chasing huge hits, less sexy but perfectly viable ventures are getting ignored.Consider that, on average, 4,130 companies were backed annually by VC money between 1997 and 2004, according to figures compiled by PricewaterhouseCoopers, Venture Economics and the National Venture Capital Association. If 2 per cent are 'home runs' (def
Read more: capital
, model
4th Madrona fund raises $250 million in venture capital
2008-06-11 03:40:00
Seattle's Madrona Venture Group is announcing today that it closed its fourth venture fund, raising $250 million
to continue investing in early-stage Northwest technology startups. "We're going to stick to what has worked well," said managing director Matt McIlwain. McIlwain noted that among Madrona-backed companies, four were sold and one went public in the past 18 months. The fund exceeded it
Read more: capital
Venture capital firms face tighter exit strategies
2008-07-04 13:38:00
The IPO market has crimped the most, with no venture-backed firms
making the leap to going public during the second quarter of 2008, according to a report from Dow Jones Venture
Source and a similar study from the National Venture Capital Association and Thomson Reuters.Combined with only five venture-backed offerings in the first quarter, the market for venture-backed IPO deals has plummeted from
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