From: The Venture Capitalist
To: Scott Jenkins,
Subject: WBIs "The Venture Capitalist" - Local Venture News You Can Use
Date: Mon Nov 10 22:45:56 MST 2014
Body:


                                                                                        

  

What the Venture Community Reads

    November 10, 2014            

Utah / Idaho Venture News

 

 

Tolero Pharmaceuticals Completes Second Tranche of Series B Financing, Increasing Proceeds to $22.4 Million

 

Originally posted on BusinessWire.com

 

SALT LAKE CITY--(BUSINESS WIRE)--Tolero Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company developing treatments for oncology and hematologic diseases, announced today the closing of the second tranche of its Series B financing, bringing the total amount raised to $22.4 million. The round was led by Fred Alger Management Inc., with investments from other institutional and individual investors.

 

…..READ MORE

 

 

 

Maritz acquires Utah software firm, launches new tech company

 

Originally posted on BizJournals.com | By Brian Feldt

 

Maritz Holdings, which sells incentive trips, loyalty reward and employee recognition programs, as well as market research, has bought Allegiance Software Inc., a Utah-based maker of software that helps with customer relationships. Maritz will use the acquisition to launch a new tech firm focused on customer experience.

 

The new company is called MaritzCX. Terms of the acquisition were not disclosed, but Maritz Holdings President Dennis Hummel said the new company would approach $200 million in annual revenue.

 

…..READ MORE

 

 

 

Damon Kirchmeier Joins EPIC Ventures as a Director

 

Originally posted on UtahPulse.com

 

EPIC Ventures today announced the appointment of Damon Kirchmeier as a Director. Kirchmeier will play a lead role in identifying and funding promising early-stage companies.

 

“Damon and EPIC have collaborated on projects for more than 10 years and knowing his extensive background in early-stage investments, we could not be more excited to have him join the EPIC team,” said Kent Madsen, a Managing Director of EPIC Ventures. “Damon has shown an impressive ability to guide a company financially, operationally and strategically, and adds substantial strength to our team.”

 

…..READ MORE

 

Venture Profile

 

 

Qualcomm Ventures is the venture capital arm of Qualcomm and is based in San Diego, California.  The firm seeks to invest in companies operation in the communication devices, wireless communications, infrastructure, wireless internet, energy, healthcare, semiconductor, and media sectors.

 

…..READ MORE

 

Cooperative Venturing Network®

People You Should Know

 

Damon Kirchmeier

 

 

Damon Kirchmeier has 17 years’ experience investing in early stage companies including Jive Communications, InGeo, Listen Technologies, Cerberian, and CarbonX.

 

Prior to joining EPIC Ventures, Damon was the President of a fast growing action sports distribution company, Rockwell Time, USA and a partner at Auxano Funding, a revenue based finance fund in Salt Lake City. He is the past Managing Director for InnoVentures Capital Partners. He originally joined the predecessor to InnoVentures, the Utah Technology Finance Corporation, in 1997. In 2001, he and his two partners founded InnoVentures and raised a private venture capital fund. Since that time, he has made more than 40 different investments over two funds and actively participates on several corporate boards. Damon is a frequent speaker on raising capital and is an active participant in several business and venture forums.

 

Damon began his career in 1988 at Westinghouse Electric Corporation in the Bettis Atomic Power Laboratory. Mr. Kirchmeier served as a nuclear plant engineer and later managed a crew of Naval personnel and civilian engineers at a dual reactor plant. He also managed the support division of an international exploratory drilling company before founding InnoVentures.

 

Damon is a member of two angel investment groups, the Utah Angels and Park City Angels and also holds silver and bronze medals from the Masters World Championships of mountain biking. Damon is also the past Honorary Commander of the 421st fighter squadron – the Black Widows.

 

Upcoming Venture Community Events

 

Idaho's first WBI pitch event

 

 

​WHEN: November 20th, 2014 from 8:30am-11:30am

 

WHERE: Zions Bank,  Idaho Room, 17th Floor

              800 W Main Street

              Boise, Idaho                  

  

COMPANIES PRESENTING: 

 

Baseline, Inc.

 

BiologiQ, Inc. 

 

GenZ Technologies

 

Silverback Learning Solutions

 

 

INVESTOR PANELISTS: 

 

Kent Thomas - WBI Angels

 

Phil Grimm - SLC Angels

 

Daniel Appel - Peak Venture Capital

 

More to come.....

 

PLAN TO ATTEND TODAY!

 

 

 

 

Title Sponsor:

 

 

 

 

WBI - Alumni Financing Events and News

 

Financing Events

 

Company: OtoKinetics

Location:  Salt Lake City, Utah

 

Description:  OtoKinetics engages in the development of hearing aid devices 

 

Amount Raised: $1.5m

Date: Q2 2013

 

Alumni in the News

 

If you're an alumni company and have news that you'd like us to share here, please email the editor at mzitting@venturecapital.org.

 

 

If you are an Alumni Company and you have Press Releases on financing events, new product launches, or milestones celebrations; please email us a link to the news and we will include it here. 

 

WBI - Sponsor News

 

 

 

 

If you are a Sponsor and you have Press Releases, corporate events, organizational news you would like us to share here; please email us a link to the news and we will include it. 

 

 

(C)2014 The Wayne Brown Institute

 

 

 

 

Utah Business Lending Corporation has money for early stage, high tech companies.  See if you qualify for a venture debt loan of up to $250k by contacting them today. UBL is the leader in providing financing to early stage technology companies.  Click on the logo above to see if you qualify and to contact them today.

 

In This Issue

 

 

Upcoming VC Events

Saturday!
Utah Life Science
Summit 2014
November 15th, 2014
Grand America Hotel
 
IDAHO - Deal Forum
November 20, 2014
Zions Bank, 17 Floor
Boise, Idaho
 
6th Annual Utah IT Symposium

November 20th at the Salt Lake City Marriott Downtown.

..READ MORE & REGISTER

 
31st Annual Investors Choice Venture Capital Conference February 12, 2015 
 

 

Angel Investor News

 

7 technical risks every startup investor should be aware of

 

Originally posted on InnovationAmerica.us | By Vasiliy Soloshchuk & Vitaliy Koval

 

Implementing a startup project, regardless of its nature, is associated with a number of risks that need to be taken into consideration. When a project is implemented properly, these risks can be efficiently curbed by the startup founders during the different stages of the project lifecycle.

 

Statistically, more than 20% of all the risks technology projects are derailed by are associated with a startup’s technical implementation, and not the erroneous selection of the market niche, or how innovative their product or service offering is.

 

…..READ MORE

 

Will Higher Thresholds on Angel Investing Hurt Business?

 

Originally posted on Online.WSJ.com | By Angus Loten and Adam Janofsky

 

With the rich getting richer, many more entrepreneurs are turning to affluent individuals, known as “angels,” for capital to expand their nascent businesses.

 

Angels put $24.8 billion of their own money into 70,730 U.S. businesses in 2013, for instance, 41% more than the $17.6 billion they put into 57,225 businesses in 2009. Meanwhile, Americans’ wealth hit new records during the first quarter of 2014, thanks to higher stock prices and real-estate values.

 

……READ MORE

 

VC Industry News

 

VCs Get With the Programmer: Investment in Software Tools Rises

 

Originally posted on Blogs.WSJ.com | By Christopher Zinsli

 

Venture capitalists are investing in tools to help programmers do their jobs better, with an enthusiasm not seen since the dot-com era.

Nineteen U.S. startups working on software-development tools raised $235.1 million in the third quarter, the most in any quarter since 2000, according to data from Dow Jones VentureSource.

 

…..READ MORE

 

Entrepreneurship

 

What happens the day after the accelerator program ends?

 

Originally posted on InnovationAmerica.us

 

Watching momentum go to waste is not pleasant. Having been an advisor to many startup companies in Israel, I can say that it is very difficult to watch startup companies finish accelerator programs and fail to utilize the various programs’ assets.

Several easy steps will allow you to take advantage of the experience, knowledge and connections the accelerator programs provide.

 

…..READ MORE

 

 

Utah - Student-run venture capital fund empowers and supports students

 

Originally posted on HeraldExtra.com  | By Keri Lunt Stevens

 

In charge of a $500,000 venture capital fund, a group of 10 students from Utah universities are trying to find and fund the best entrepreneurs on local campuses.

 

As investment associates for Campus Founders Fund, they meet weekly to hear pitches from students and then collectively decide whether or not to fund them.

 

…..READ MORE

 

Crowdfunding News

 

Tackling The Crowdfunding Credibility Gap: A Q&A With Dropkicker

 

Originally posted on TechCrunch.com | By Natasha Lomas

 

As crowdfunding has scaled up so too have some of the problems inherent with firing unconditional cash at people whose main selling point might just be their madcap idea. The big names of the category, the Kickstarters and Indiegogos, would argue that’s the beauty of crowdfunding. People donating unconditional cash to someone else’s dream, however incredible (or otherwise) it may be.

 

…..READ MORE

 

Articles of Interest

 

Top 20 US Cities for Tech Startup Funding

 

Originally posted on Inc.com

 

When you think of tech startups, you probably think Northern California. Companies there receive the largest share of funding from venture capitalists, but there are several other notable pockets around the country.

 

In the first nine months of the year, venture capitalists poured $24 billion into tech startups around the country. About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association.

 

…..READ MORE

 

….and see how Utah Rates

 

 

2H 2014 PE & VC Fundraising & Capital Overhang Report

 

Originally posted on Pitchbook.com

 

PitchBook has released 2H 2014 PE & VC Fundraising & Capital Overhang Report, which examines U.S.-based fundraising for all types of private equity and venture capital funds, including buyout, growth, restructuring, energy and mezzanine. The report also looks at the amount of dry powder PE and VC investors currently have available to invest. Trends are examined through several lenses, such as fund size, vintage year and time spent fundraising.

 

…...READ MORE

 

 

The Venture Capital Investment Syndicate Heat Map

 

Originally posted on CBInsights.com

 

We mapped the investment syndicate relationships of over 120 of the most active venture capital and corporate venture capital investors to see which firms are close to one another and which ones are not.

 

…..READ MORE

 

Feel Good Monday

 

Great uplifing stories to start the week out with.

 

THIS WEEK'S STORY

 

 

Sponsors

Social Media Links

 

The Wayne Brown Institute is going social and we'd like it if you joined us.

 

Like Us On Facebook!

 

 

Follow Us On Twitter! 

 

 

Join Us On LinkedIn!  

 

Follow Us On Instagram! 

Contact Us

Email the editor if you have any articles of interest or questions.

 

 



This message was sent to sjenkins@utahsenate.org from:

The Venture Capitalist | vc.events@venturecapital.org | Wayne Brown Institute | 201 S Main | SLC, UT 84011

Email Marketing by iContact - Try It Free!

Unsubscribe