From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Mon Jun 23 22:27:59 MDT 2014
Body:

  

What the Venture Community Reads

    June 23, 2014                                                                                   

Utah Venture News

 

SanDisk Signs Definitive Agreement to Acquire Fusion-io

 

Originally posted on FusionIO.com | PR

 

Leader in Application Acceleration Flash Solutions to Boost SanDisk’s Enterprise Growth

MILPITAS, Calif. & SALT LAKE CITY--

 

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced a definitive agreement to acquire Fusion-io (NYSE: FIO), a leading developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. The acquisition will be an all-cash transaction valued at approximately $1.1 billion, net of cash assumed.

“Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership,” said Sanjay Mehrotra, SanDisk president and CEO. “Customers will benefit from the addition of Fusion-io’s leading PCIe solutions to SanDisk’s vertically integrated business model. We look forward to working with the world-class engineering and go-to-market teams from Fusion-io to provide high-value solutions to customers around the world.”

 

…..READ MORE

 

Venture Profile

 

 

Insight Venture Partners is a private equity and venture capital firm based in New York, New York.  The firm focuses on investing in companies operating in the electronic commerce, information technology, retail, media, financial services, healthcare, manufacturing and mobile sectors.

 

…..READ MORE

 

Cooperative Venturing Network®

People You Should Know

 

 

Jeff Burningham

 

 

Jeff is a founder and Managing Partner at Peak Capital Partners, a $750M real estate investment firm. He began his career as the founder of Mindwire, a technology start-up, which he later sold to a NASDAQ-listed company where he served as an Executive Vice President for several years. During this time Jeff was selected as the Young Entrepreneur of the Year in the state of Utah. Jeff later founded and sold two other successful companies. Jeff is also the founder and Managing Partner of Peak Ventures, a $20M venture capital fund. Peak Ventures is run by a team of serial entrepreneurs backing other entrepreneurs building the best tech companies in Utah. He sits on the boards of Studio, Screenie, Blueroof 360 and FireAvert; and has served as the co-managing partner of BoomStartup. In 2014, Jeff was named Utah Entrepreneur of the Year by Ernst & Young.

Jeff is also in charge of Peak's philanthropic endeavors and is actively involved and passionate about social entrepreneurship. He currently serves on the boards of The Little Heroes foundation, The Academy for Creating Enterprise, and at the Ballard Center for Economic Self Reliance at BYU.

 

Jeff earned his Bachelor’s Degree and MBA from Brigham Young University.

 

He loves to travel the world with his wife, and as a former college basketball player enjoys coaching his sons' basketball teams.

 

 

Upcoming Venture Community Events

 

 

Attention

Utah County

Entrepreneurs!

 

 

THIS WEDNESDAY!!

June 25th, 2014

Red Canyon Room @ Zions Bank

in Provo, Utah

 

 

 

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:

 

FCTRS - provides enterprises a cloud based health platform for employee wellness or health product add on. We have gained high user adoption through amazing UI, relevant BI that lowers costs and generates revenue.

 

MommiLife - has developed a prenatal protein powder for women who are pregnant or nursing in partnership with a reputable OB/GYN and Twinlab, its development, manufacturing, and distribution partner. Twinlab has agreed to support inventory cashflow as well distribute the product through its network of 40k+ stores. MommiLife will release new products as it gains traction including teas and other proteins for women and active moms.

 

Snow Lizard Products - Our mission is to bring mobile accessories that enhance usability, increase security and protect the latest technologies to market. The SLXtreme is the first ever battery powered, solar charged, rugged under water iPhone 4/4S case made with technology enthusiast and adrenaline junkies in mind. Now for the iphone 5s and iPads, our flagship products will let you take your phone anyplace, anytime, anywhere.

 

Sphere Manufacturing, Inc. - produces 3D metal printers for 1/4 the cost of our competition, with an expected machine lifespan 5x that of our competition. We are leveraging extant channel partners to reach markets that have been previously under-served by the 3D metal printing industry due to the current price point; in other words, we are a new-market and low-cost disruptor in the 3D metal printing industry.

 

Investor Panel: 

 

Mike Alder - Director of  BYU Technology Transfer Office, Investor

 

Jim Hill - Member, Park City Angel Network

 

Jeff Burningham - Co-Founder and Managing Partner of Peak Capital Partners

 

Jerry Vance - Managing Partner, Preferred CFO

 

Matt Marsh - Associate Director, Sorenson Capital

 

 

Where entrepreneurs and investors meet!

 

 

 

 

 

The 2nd Annual Social Enterprise and Crowdfunding Conference will be held at Snowbird Ski and Summer Resort near Salt Lake City, Utah on September 26, 2014.

 

Our theme for this year will be “Let’s Scale Some Good.”

 

Speakers will be coming from across the country to discuss social entrepreneurship, impact investing, philanthropy and crowdfunding. This is a can’t-miss event for anyone interested in social good.

 

Last year’s roster of speakers included Alan Hall of Grow America, Eric Weinberg of Impact Capital Strategies, Dave Boyce of Fundly, Wendy Robbins of RedCapes, Todd Stevens of Renewable Tech Ventures, Cheryl Conner of Snapp Conner PR, Paul Godfrey of Brigham Young University, Jeramy Lund, philanthropist and investor, Fraser Nelson of the Community Foundation of Utah, Richard Swart of UC Berkely and Crowd Cap Advisors and Devin Thorpe of Your Mark On The World.

 

.....READ MORE & REGISTER

 

WBI - Alumni Financing Events and News

 

Financing Events

 

Company: Alianza            

Location: Lindon, Utah

 

Description:  Alianza engages in the sale of software as a service (SaaS) and telecommunications services.

 

Amount Raised: $3,499,999

Date: Q4 2013

 

News

 

 

 

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. 

 

 

 

 

 

 

Need some jet fuel?

 

We are the most flexible lender in Utah with loans up to $500,000.  Lender to companies like

Property Solutions, Allegiance & Fat Pipe.

 

Call Steve Grizzell at 801 741-4215

Or view our web site www.usblf.org

 

Managed by:

 

 

 

In This Issue

 

 

Upcoming VC Events

THIS WEDNESDAY!
The Deal Forum
June 25th, 2014
Zions Bank - Provo
 
The Deal Forum
August 5th, 2014
Zions Bank - Salt Lake City
 
August Joint Luncheon
August 21st, 2014
Thanksgiving Point -
Garden Room
 
 

 

Angel Investor News

 

20 Most Active Angel Investors

 

Originally posted on Forbes.com | By Tanya Prive

 

Methodology: Our team at RockThePost, a startup investing marketplace that connects early-stage high-growth startups with accredited investors, compiled this list by evaluating the number of startups each angel investor funded to date according to publicly available data, in addition to their influence in the early-stage startup ecosystem. Sources used during research process were CrunchBase, RockThePost, Venture Deal, Forbes, BusinessInsider, BusinessWeek, and AngelList, among others.

 

With less than 3% of seed deals being funded by venture capitalists, seed funding has become more accessible thanks to the rise in angel investor activity in the past few years. Between friends & family financing, which is estimated to be a $100 billion industry and angel activity estimated at $20 billion, more than $120 billion dollars are invested in early-stage startups annually.

 

…..READ MORE

 

 

Why are the majority of angel investors focused on opportunities with large TAM?

 

Originally posted Lab15.ivolution.pl  | By David Rose

 

Because of the economic realities of angel investing, not greed.

The hard and unforgiving facts are that the majority of all angel-backed ventures fail completely, losing all the money of all the investors. Of the remaining investments, most will return either the same amount that was originally invested, or perhaps be a moderate success and return two or three times the investment.

 

The problem is that since the average holding period for an angel investment is around nine years, that means by the time you’ve toted up the returns for 90% of your investments, and subtracted out the time value of money, the one very successful investment in the entire portfolio must return at least *30* times the original investment!

 

…..READ MORE

 

 

 

VC Industry News

 

Sequoia Capital Teardown

 

Originally posted on CBInsights.com

 

Sequoia Capital is one of Silicon Valley's storied VC firms. A glimpse into their financing, exit and people data provides us a unique data-driven view into where the firm sees opportunity.

Sequoia Capital is one of the original venture capital firms, active before Silicon Valley was Silicon Valley. In recent months it has maintained its reputation for investing early in Unicorn companies. But WhatsApp is only the most recent example of Sequoia’s incredible success.

 

…..READ MORE

 

The VC Firms in the Most 2014 IPOs – Index Ventures a Standout

 

Originally posted CBInsights.com

 

In 2014 YTD, Index Ventures has already notched six IPO exits- which saw aggregate value of $13.55B at the time of exit. And the firm has a strong IPO pipeline as well.

 

The IPO market has gotten off to a fast start in 2014 – with the 35 U.S.-based VC-backed IPOs in Q1 2014 marking the highest quarterly tally for VC-backed offerings since Q3 2000. And as might be expected given the power law nature of VC, some investors are doing better racking up the IPOs than others in 2014 YTD.

 

…..READ MORE

 

Entrepreneurship

 

Entrepreneurs Turn to a New Source of Funds: Their Neighbors

 

Originally posted on Online.WSJ.com | By Nicole Hong

 

Forget "Buy Local." A Growing Movement Is Urging People To Take Grass-Roots Support Further And Invest Local.

 

Two years ago, Rick Stender found out that a local business he liked—a custom-bike maker—was in big trouble. The shop needed money to import extra bike parts for the holiday rush. And banks wouldn't extend any credit to such a young company.

 

Many people would have tried to give the store some extra business by buying a new bike, or urging friends to stop in. Many others would have simply shrugged.

Mr. Stender wrote a check for $20,000.

 

…..READ MORE

 

Crowdfunding News

 

Seeing Crowdfunding for What It Is: A Sales Method

 

Originally posted on CrowdfundInsider.com | By Ludwine Dekker

 

As a proposition manager for Symbid, we’ve recently ran an amazingly successful campaign called “Kidswatcher”. After his little niece went missing in a ski resort, Eric Recter had an idea: develop an App for parents in combination with a digital watch for their children so they could always be in contact in case of an emergency.

 

…..READ MORE

 

Articles of Interest

 

Supreme Court unanimously restricts software patents. Here are 2 odd patents on the chopping block

 

Originally posted on VentureBeat.com | By Gregory Ferenstein

 

The Supreme Court unanimously declared that “abstract” software patents are no longer legally kosher. “Merely requiring generic computer implementation fails to transform that abstract idea into a patent-eligible invention,” wrote Justice Clarence Thomas.

 

…..READ MORE

 

 

Why Aren’t VCs Funding the Future?

 

Originally posted on Blog.Pitchbook.com | By Allen Wagner

 

VC Investment in Software Continues to Grow, Hardware Gets Left Behind

 

With smartphones and tablets now ubiquitous in the United States and around the world, it’s no surprise that venture capital investments in the software and applications that make these devices so enjoyable have greatly increased over the last few years.

 

…..READ MORE

 

 

A Look at App Store Data for VC-backed Secondhand Clothing Apps (Updated)

 

Originally posted on CBInsights.com

 

Vinted, backed by over $30M from Accel Partners and Insight Venture Partners, leads secondhand clothing marketplaces in the App Store charts.

 

Data updated as of May 22, 2014

 

…..READ MORE

 

Feel Good Monday

 

Great uplifing stories to start the week out with.

 

THIS WEEK'S STORY

 

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

 

 

 

 

Utah Business Lending Corporation manages a $7,000,000.00 Salt Lake County revolving loan fund focused on high tech companies in the Salt Lake County Area. We make 5 year bridge loans up to $250,000.00. The purpose of the fund is to create jobs. Currently 6 banks support the fund with a million dollar participation.

 

 

Utah 100 Application

 

MOUNTAINWEST CAPITAL NETWORK – Recognizing Utah’s Fastest Growing Companies

 

Utah 100 Program

 

Deadline: Must be postmarked, faxed, or submitted online at www.mwcn.org by June 30, 2014

 

Awards will be presented based on revenue growth from 2009 through 2013. To be eligible, the applicant must complete all applicable information below and meet each of the following criteria:

  1. be a for-profit Utah-based corporation, limited liability company, or partnership;
  2. have five full years of operating history; and
  3. have had a minimum of $50,000 in total revenues in fiscal 2009.

Note: If the Company had less than $50,000 in revenue in 2009, please use the Emerging Elite application.

 

…..READ MORE & APPLY

 



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