From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Wed Sep 24 14:46:23 MDT 2014


What the Venture Community Reads

    September 22, 2014                                                                      


The Venture Capitalist was delayed coming out this week due to some technical issues. We apoligize for any inconvenience.  Have a great week!


Utah Venture News




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September 30th marks the next evolution in building tech businesses in Idaho. Please join the Wayne Brown Institute, Zions Bank, and our great supporters as we all help take Idaho tech companies to the next level. WBI’s Venture Funding Program is a comprehensive roadmap to capital, and it begins with you.








22 Women Honored at Seventh Annual Women Tech Awards


Originally posted on | By Rachel Madison


Salt Lake City – More than 700 people gathered together Wednesday to celebrate 22 of Utah’s most accomplished and influential women in technology during the Women Tech Council’s (WTC) seventh annual Women Tech Awards program.


The program was started as a way for the community “to recognize the great women we have working in all aspects of technology,” said Cydni Tetro, executive director of the Women Tech Council.


The finalists, 17 of whom are working in technology-related fields and five of whom are college students, were chosen because of their contributions to their companies or schools, as well as the community, through leadership, innovation and advocacy for women in technology.





Venture Profile



OrbiMed Advisors is a private equity and venture capital firm which seeks to invest in the pharmaceuticals, life sciences, healthcare services, medical devices, biopharmaceuticals, diagnostics, healthcare technology and biotechnology sectors. The firm was founded in 1989 and is headquartered in New York, New York.




Cooperative Venturing Network®

People You Should Know



Kent Thomas



Kent Thomas is the CEO and founder of Advanced CFO Solutions. In that role he has served as the outsourced CFO of over 80 different businesses including, Control4, Skullcandy, SimplyMac, Signature Products Group and MultiLing Corp. Kent currently serves as the Acting CFO of Stance, Inc. SpinGo Solutions, Inc. and Turning Point Justice and as an advisor to several CEO’s. With Advanced CFO’s support, their over 700 existing and prior clients have raised over $1 billion in debt, equity and lease financing.


Kent graduated from Brigham Young University and the University of Utah’s Graduate School of Business. He currently serves as a member of the Board of Trustees and Executive Committee for the MountainWest Capital Network. Kent is a licensed CPA and serves as the Immediate Past President on the Executive Board of the Utah Association of CPA’s. He was a founding member of the Olympus Angel Investors and is active in the Utah entrepreneurial community where he advises companies, associations, and educational institutions and is a frequent speaker on finance, accounting and entrepreneurship. 


Upcoming Venture Community Events





​WHEN: September 24th, 2014 from 3pm-6pm


WHERE: Zions Bank Rock Canyon Room

             180 N. University Avenue

             Provo, Utah 









Tracking First





Matt Marsh - Sorenson Capital


Mike Zumwalt - WBI Angels


Steve Grizzell - SLC Angels


Jerry Vance - Preferred CFO


Mike Alder - KickStarter Seed Fund









Title Sponsor:



Additional Sponsor: 



WBI - Alumni Financing Events and News


Financing Events


Company: HireVue

Location:  Draper, Utah


Description:  HireVue's Talent Interaction Platform augments existing applicant tracking, talent management and social applications, accelerating productivity and decision-making by delivering high-definition clarity into people's character, cultural fit, personality, and potential. 


Amount Raised: $25mm

Date: Q3





Aviacode names New CEO


Originally posted on | PR


One of Utah Business’ Fast 50 Growing Companies

Salt Lake City, Utah – September 16, 2014


Aviacode, a leader in technology-enabled medical coding services, announces the promotion of current President and COO Lane Monson to the Chief Executive Officer position, effective October 1, 2014. Monson, a seasoned business executive with both domestic and international experience, joined Aviacode in July 2011. His previous roles at world-class companies such as IBM, Oracle, and Infor-Global Solutions, prepared him to lead Aviacode’s significant and sustained growth over the past three years.





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



Jones Waldo’s Lori Nelson Appointed Chair of American Bar Association Family Law Section


Originally posted on


Lori W. Nelson, a veteran litigator with Salt Lake City-based Jones Waldo, was sworn in last month as the incoming chair of the American Bar Association Family Law Section.


In this role, Nelson will oversee the association’s governing body  and more than 10,000 lawyers, associates and student members throughout the world.





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. 



In This Issue



Upcoming VC Events

The Deal Forum
September 24th, 2014
Zions Bank - Provo, Utah
2nd Annual Social Enterprise & Crowdfunding Conference
September 26th, 2014
Snowbird Resort Ski & Summer Resort
Register now for a WBI network discount!
Utah Life Science
Summit 2014
November 15th, 2014
Grand America Hotel
2015 Investors Choice Venture Capital Conference February 12, 2015 


Angel Investor News


ACA Summit 2014: Angel Impact on Entrepreneurial Success


Originally posted on | By David Drake


Angels are everywhere in the business landscape nowadays. They invest, individually or by groups, in startups and in small and medium enterprises (SMEs). Angels are searching for new innovative companies that bloom faster both in sales and value, aside from creating new jobs. Angel-backed businesses include Amazon, Costco, Facebook, Google, Paypal, Starbucks and Yahoo.


Investments by angels continue to climb which started in 2010 -- in terms of dollars and number of investments. Angels invested a total of $24.8 billion in 2013, showing an increase of 8.3 percent over the 2012 figure ($22.9 billion). Investments were made in 70,730 enterprises, which registered an increase of 5.5 percent over the 2012 data of 67,000 small businesses. The angel investments shifted to seed investing and early stage startups, which upped to 45 percent and 10 percent more than the 2012 data.




VC Industry News


Ex-Microsofties raise $33 million for Tola Capital, plan to bankroll ‘next wave’ of enterprise software


Originally posted on | By John Cook


Seattle is a good town for enterprise software. And perhaps nothing says that more than news Thursday that SAP is gobbling up Bellevue-based Concur — a maker of travel and entertainment expense management software — for a cool $8.3 billion.

Now, two former Microsoft employees are looking to find the next Concur.


……Read More



Crafting A Compelling Vision That Entices Others To Follow You


Originally posted on | By Amanda Schneiders


Steve Blank's Founder Genius clip "Creating a Reality Distortion Field" reminds us that the ability to create a vision that compels others to join you, invest in you and buy from you is an acquired skill, and one that is critically important to your company.


Few entrepreneurs have this skill to begin with. Most of the entrepreneurs Steve works with (many of them engineers) first have to develop the ability to get out of the building and have conversations with prospective customers. What makes these conversations so uncomfortable?




Crowdfunding News


Crowdfunding and Private Funding Are Changing Science


Originally posted on | By Carol Lynn George


A profound change has taken place in the way science is paid for and practiced in America. American science, long a source of national pride has become the domain of private citizens, from the wealthiest to average people like you and me. Federal budget stalemates and partisan in-fighting have decimated government funded research programs, making ghost towns out of the nation’s research laboratories. Scores of scientists have been laid off, projects have been shut down and shelved mid-discovery and many labs have closed entirely. This has led to the burgeoning culture of “science philanthropy”, a controversial yet effective means to skirt the federal budget disasters and get scientific discovery and innovation underway once again. 




Articles of Interest



UVEF Names Ryan Westwood Chairman and Updates its Name


Originally posted on


Celebrating its 25th year serving entrepreneurs, the Utah Venture Entrepreneur Forum (formerly Utah Valley Entrepreneurial Forum) today announced the appointment of Ryan Westwood as UVEF Board Chairman and CEO.


 UVEF also named Clint Betts, Kent Madsen, and Kreg Peeler as new board members. The group also announces its new website and name change geared to represent the statewide reach UVEF has had in recent years.





Strategic Investors – It’s About Asking the Right Questions


Originally posted on


Last week, CB Insights published a piece by Micah Rosenbloom of Founder Collective on corporate investors. Micah’s article was thoughtful and useful, but it came with the mismatched headline, “Strategic investors — You’ll Have Sold Your Company. You Just Won’t Know It.”  I thought it represented a good metaphor for how strategic investors are regarded — sometimes unfair headlines get in the way of reality.  As someone who has invested on behalf of corporates for many years now, I thought I would provide an additional perspective.





Here's The Chart That Has VCs Ringing Alarm Bells About Startups Burning Too Much Cash


Originally posted on | By Dave Smith


Over the last few days, two prominent venture capitalists  have stepped forward to express their concerns about startups burning through so much cash, as they did back in 1999, which was right before the famous "dot-com bubble" burst.



Feel Good Monday


Great uplifing stories to start the week out with.






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