From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Mon Aug 11 23:42:19 MDT 2014
Body:

  

What the Venture Community Reads

    August 11, 2014                                                                                      

Utah Venture News

 

2012 Investors Choice®

Venture Capital Conference Alumni

Company M&A News

 

"WBI is a great resource for entrepreneurs looking to expand their network and reach into the venture community. We at Crux greatly benefited from the WBI experience as it introduced key people that were able to help support us through our journey."  -Brian Probst, CEO of CruxCase

 

BodyGuardz(R) Acquires CruxCase(TM) LLC

 

Originally posted on Finance.Yahoo.com | PR

 

LEHI, Utah, Aug. 5, 2014 (GLOBE NEWSWIRE) -- via PRWEB - BodyGuardz, leader in mobile device protection products and consumer electronics accessories, has announced that it has recently acquired CruxCase LLC, ("Crux"), design innovator of leading luxury iPad keyboard cases. With both companies' revolutionary products and market experience, the duo will collaborate to develop industry-leading products and continue to expand their influence in the consumer electronics industry.

 

Joining the BodyGuardz team in the transition is Crux founder Brian Probst. Probst will be serving as Director of Product Development. "I'm extremely excited to be joining forces with a company that is so well positioned," said Probst. "With my design experience and BodyGuardz' industry dominance, we are merging our forces together to continue leading the market with our unique products. Together, we'll make gorgeously-designed, premium products that other companies can't compete with."

 

…..READ MORE

 

 

Utah Cities Ranked Highly as Places for Business and Careers

 

Originally posted on UtahBusiness.com | By Devin Felix

 

Five Utah cities have been recognized by Forbes as great places to do business and have a career.

 

On Forbes 2013 list, Best Places for Business and Careers, Provo was ranked No. 3, Salt Lake City was ranked No. 8 and Ogden came in at No. 11.

 

Meanwhile, Logan ranked No. 4 and St. George ranked 26 on the magazine’s list of Best Small Places for Business and Careers.

 

…..READ MORE

 

 

Venture Profile

 

 

 

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.

 

 

Cooperative Venturing Network®

People You Should Know

 

 

Brian Probst

 

 

Brian Probst is a serial entrepreneur who has founded several businesses in consumer electronics and consumer goods. Brian is a passionate product designer-inventor and holder of number patents. Brian’s products and businesses have received international acclaim including being featured in Wired, Forbes, Wall Street Journal, as well as being highlighted in two recent books: “iPad Secrets”  and “Crowdfund Investing For Dummies”. Brian is an adjunct professor at BYU where he teaches courses on career preparation and branding. Brian received his B.F.A. in Graphic Design from Brigham Young University.

 

 

 

Crux’s revenue surpassed 1 Million within the first 18 months of shipping product. Crux has been featured in business and tech publications such as: Forbes, Wired, Yahoo News, Wall Street Journal, Mashable, PC World, MacWorld, and many others. In fact, PC World featured the Crux360 (our flagship product) as one of the “top 20 accessories for the iPad, iPhone, and iPod” of 2010.  In October of 2012 Crux launched a high-end aluminum product called the CruxSKUNK. This product succeeded in raising $245K in just 40 days on the crowdfunding platform kickstarter.com. In total Crux has pre-sold nearly $500K of this new product through kickstarter.com, cruxcase.com and other resellers internationally. Since the very beginning Crux has implemented a unique pre-sale strategy. In July of 2011 Crux launched its website featuring a promotional video unveiling its first hardshell-keyboard case—the Crux360. From this initial video Crux pre-sold close to $200K worth of product on the website and received countless requests from distributors and resellers worldwide. This unique pre-sale strategy has helped Crux validate new markets for its products and capitalize its balance sheets with critically valuable cash. Crux products and crowdfunding strategy have been highlighted in two recent books: “iPad Secrets”  and “Crowdfund Investing For Dummies”,  Wiley Books, New York

 

Upcoming Venture Community Events

 

 

Our next...

 

 

Will be held at the Zions Bank Rock Canyon Room in Provo on September 24th, 2014

 

 

 

Join Us for WBI's

Deal Forum

This Deal Forum is a live pitch event and will feature a number of entrepreneurs who are seeking capital for their ventures. This event is designed specifically to provide a safe venue where entrepreneurs can pitch their ventures to a panel of investors for the sole purpose of receiving feedback on their venture, pitch content, as well as market opportunity assumptions, forecasts, or necessary milestones needed to become successful.  

 

This is the essence of commercialization.  

 

Presenting Companies:

 

Now accepting applications. Click here to apply to be placed with one of our Deal Maker Teams to mentor you in developing a pitch that will attract investors interested in your deal. 

 

Investor Panel: 

 

Members of the various local Angel and Venture Capital groups.

 

 

Where entrepreneurs and investors meet!

 

 

 

 

REGISTRATION DEADLINE IS FAST APPROACHING!!

 

REGISTER TODAY to secure a seat before Tuesday, August 19th.

 

 

MWCN/UTC/UVEF/WBI AUGUST JOINT LUNCHEON

 

 

Success is an Inside Job — Discovering the Proven Success Disciplines of High Achievers

 

Date: August 21, 2014

Time: 11:30 – 1:30

Location: Garden Room, Thanksgiving Point, Lehi, UT.

Cost: $45

Register by August 19th

 

Keynote Speaker: Tiffany Peterson, Internat

ion Business Coach, Speaker,  and founder of The Lighthouse Principles

 

 

 

This Venture Community

August Joint Luncheon, was Sold Out last year....

 

 

WBI - Alumni Financing Events and News

 

Financing Events

 

Company: DxNA, LLC

Location:  Salt Lake City, Utah

 

Description:  DxNA LLC is a molecular diagnostics company that focuses on simple, rapid and affordable real time PCR technology for users such as clinics, small to medium sized hospitals, docotrs' offices, and others with a need for low throughput or portable PCR diagnostics.

 

Amount Raised: $3.75mm 

Date: Q4

News

 

See article in Utah Venture News above on the BodyGaurdz acquisition of CruxCase, a 2012 Investors Choice Alumni Company.

 

 

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. 

 

 

 

In This Issue

 

 

Upcoming VC Events

August Joint Luncheon
August 21st, 2014
Thanksgiving Point -
Garden Room
 
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!
 

 

Angel Investor News

 

Angel Group Investing Heats Up

 

Originally posted on MarketWatch.com | PR

 

KANSAS CITY, Mo., SANTA CLARA, Calif., and NEW YORK, Aug. 6, 2014 /PRNewswire/ --  The Angel Resource Institute (ARI) , Silicon Valley Bank (SVB)and CB Insights released the Q1 2014 Halo Report today, a national survey of angel group investment activity. The report finds median round sizes increased to $980K per deal, and pre-money valuations rose to $2.7 million in the quarter. Investments in Internet-related companies jumped significantly, while dollars invested in mobile and healthcare companies dropped.

 

…..READ MORE

 

The Logic Of Crazy Valuations

 

Originally posted on TechCrunch.com

 

August is the traditional vacation month for venture capitalists, who stream out of their Sand Hill Road offices to quieter points, ostensibly to reflect on the year so far and prepare for the heavy fall fundraising season.

 

And what a year it has been! We now have several companies valued at around $10 billion and above, including Airbnb, Dropbox, and Uber. Those valuations seem tame compared to the wild fundraises raised by a myriad of startups over the past few months. Medium raised $25 million in its series A in January while Secret secured $25 million a few weeks ago — just nine months after its launch.

 

…..READ MORE

 

VC Industry News

 

NEA busiest VC firm in hottest market since 2001; Here's the rest of Top 20

 

Originally posted on BizJournals.com | By Cromwell Schubarth

 

New Enterprise Associates averaged a U.S. funding deal every three days in the first half of this year, the hottest six months for the industry since the end of the dotcom boom in 2001.

 

Not far behind NEA's 64 first half deals were Kleiner Perkins Caufield & Byers (54), Andreessen Horowitz (52) and Google Ventures (50), according to a report from investment database research firm CB Insights.

 

…..READ MORE

 

VCs Invest More than $1 Billion in Enterprise Tech Startups in Q2

 

Originally posted on Blogs.WSJ.com | By Rachel King

 

Venture capital investment during the second quarter hit its highest quarterly mark since the boom days of the dotcom era. About $13.88 billion was invested, the highest funding total since the first quarter of 2001, according to venture capital database CB Insights.

 

Although consumer tech companies raised some of the largest rounds, tech companies that sell products to corporations raised at least $1 billion collectively during the quarter, according to an analysis of data from CB Insights and Dow Jones Venture Source.

 

…..READ MORE

 

Entrepreneurship

 

Why More Start-Ups Are Sharing Ideas Without Legal Protection

 

Originally posted on NYTimes.com | By Eilene Zimmerman

 

In 2011, Andy Moeck was looking for investors for Moeo, a Los Angeles start-up he was building that makes mobile gaming apps based on real-time sporting events. A friend introduced Mr. Moeck to a partner at the Silicon Valley venture capital firmKleiner Perkins Caufield Byers, and at their first meeting, Mr. Moeck asked the partner to sign a nondisclosure agreement.

 

…..READ MORE

 

When Angel Investors Reject Your Plan

 

Originally posted on Entrepreneur.com | By Tim Berry

 

You worked hard on your business plan before submitting it to investors. You crossed all the Ts and dotted all the I’s, or so you thought. Yet several investors have already said no.

 

What’s wrong? 

 

…..READ MORE

 

Crowdfunding News

 

Crowdfunding: The new business incubator?

 

Originally posted on CNBC.com | By Chris Morris

 

Many Kickstarter projects reach or exceed their funding goal, ship their product and build the business from there. But for some, the end of that campaign is just the beginning of the true funding process.

 

As more and more crowdfunding projects go viral, they're capturing the attention of the venture capital community, along with other equity investors.

 

…..READ MORE

 

Articles of Interest

 

How Health Care is Leading New Venture Capital Investment

 

Originally posted on Inc.com | By Jeremy Quittner

 

Venture capital investment in the second quarter climbed to record levels, with technology and health care making the largest gains.

The floodgates of financing are officially open for some of the luckiest tech and health-care companies, according to a new report.

Venture capital investment climbed to a level not seen since 2001 in the second quarter, according to private company research firm CB Insights, whose "Financing and Exit Trends" report for the second quarter of 2014 was released on Thursday.

 

…..READ MORE

 

 

Mega-funds dominate venture capital fundraising

 

Originally posted on PEHub.com

 

U.S.-based venture capital firms raised $18.3 billion for 146 venture capital funds in the first six months of 2014, with mega-funds leading the charge.

 

The five largest funds raised in the first half of the year collected $1 billion or more, led by Andreessen Horowitz, which closed on $1.7 billion for Andreessen Horowitz Fund Fund IV; Technology Crossover Ventures, which raised $1.36 billion for TCV VIII; and Norwest Venture Partners, which pulled in $1.2 billion forNorwest Venture Partners XII, according to Thomson Reuters (publisher of peHUB).

 

…..READ MORE

 

Feel Good Monday

 

Great uplifing stories to start the week out with.

 

THIS WEEK'S STORY

 

 

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