From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Mon Jun 09 21:49:44 MDT 2014
Body:

  

What the Venture Community Reads

    June 09, 2014                                                                                   

Utah Venture News

 

 

Executive Director of Governor’s Office of Economic Development Steps Down

 

Originally posted on UtahPulse.com

 

After nearly five years at the helm of Utah's economic development efforts, Spencer P. Eccles, executive director of the Governor’s Office of Economic Development, is departing state government to form a private investment company.

 

"Building on the state’s past economic development efforts, Spencer’s leadership has helped Utah be at the forefront in bringing the nation out of one of the most devastating economic recessions this country has ever seen," said Gov. Gary R. Herbert. "He has worked tirelessly in developing a top-notch GOED team, and his collaborative efforts with the Legislature, other state agencies, cities, counties, the educational community and industry leave a lasting legacy that will benefit all Utahns for years to come.”

 

…..READ MORE

 

Venture Profile

 

 

Rembrandt Venture Partners is a venture capital firm specializing in seed, start-up, early venture, mid venture, and expansion stage investments.  Their investment focus includes internet infrastructure, application software delivered as a service, communications, mobile products and services and new media convergence.

 

…..READ MORE

 

Cooperative Venturing Network®

People You Should Know

 

Heather Cashmore

 

 

Heather is a Senior Investor Liaison that has been with the Wayne Brown Institute's Investors Choice Internship program since June 2012.  She has been a very engaged member of our team that has shown up, taken initiative, and provided value to our Deal Evaluation Team, Deal Maker Teams, and has mentored new interns coming into the program. 

 

During her time in the Institute's Venture Funding Program, Heather has helped evaluate hundreds of applicants and has been the Investor Liaison on 12 Deal Maker Teams and assisted in managing the Presenting Companies at this year's 30th Annual Investors Choice Venture Capital Conference in February.  Heather was also an Investor Liaison for 2 of the presenting companies and a Deal Maker Team Leader for 1 of them.  She adds value wherever she goes by taking the initiative to do what needs to be done and has played a key role in the success of the Venture Funding Program over the past 24 months.  Heather completed her Bachelor Degree in Business Management with an emphasis of finance from Westminster College during her early days with the Institute and is currently the Operations Manager for a holding company that owns and operates all 7 Costa Vida Restaurants north of Salt Lake City. 

 

In addition to her full time job and dedication to the Venture Funding Program at WBI, Heather also evaluates and invests capital in new and expanding ventures for a private investment company in Ogden.  On June 18th, Heather will be presenting at WBI's "How To Raise Money" event to be held in Ogden at the Weber State University downtown location.  Join us in Ogden and gain valuable insights on what it takes to raise capital for your venture in Utah.

 

Upcoming Venture Community Events

 

 

JOIN US THIS WEDNESDAY!!

 

Funding your company starts on June 11th at Brinks Gilson & Lione in Salt Lake City

 

Raising capital for your company can be a complex process laiden with pitfalls and setbacks.  Get answers to your questions:

  • Is my business ready for funding?
  • What is the best source for it?
  • How do I get access to it?
  • What are the key elements to secure it?

 

Register Here for Brinks Gilson & Lione Event

 

 

 

SAVE THE DATE!!

 

Funding your company starts on June 18th at Weber State Downtown in Ogden

 

Raising capital for your company can be a complex process laiden with pitfalls and setbacks.  Get answers to your questions:

  • Is my business ready for funding?
  • What is the best source for it?
  • How do I get access to it?
  • What are the key elements to secure it?

 

Register Here for Ogden Event

 

 

 

 

Attention

Utah County

Entrepreneurs!

 

 

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: 

 

Members of the various local Angel and Venture Capital groups.

 

 

Where entrepreneurs and investors meet!

 

 

 

WBI - Alumni Financing Events and News

 

Financing Events

 

Company: Lipocine               

Location: Salt Lake City, Utah

 

Description:  Lipocine proprietary technologies enable and enhance oral therapy of poorly absorbed drugs. 

 

Amount Raised: $12.31mm / Public Offering of Comon Stock

Date: Q4 2013

 

News

 

 

Domain Surgical Receives FDA 510(k) Clearance for FMwand Surgical Handpiece with Integrated Smoke Evacuation

 

Originally posted on DomainSurgical.com | PR

 

Investment will be used to evolve Domain Surgical's ferromagnetic surgical product platform, produce additional outcomes evidence, and expand global sales and distribution

 

SALT LAKE CITY (May 29, 2014) - Domain Surgical, a leading developer of advanced thermal surgical technology, today announced that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance to market its next-generation FMwand surgical handpiece with integrated smoke evacuation.

 

…..READ MORE

 

 

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

 

 

 

ZAGG Inc Selects RR Donnelley as Global Supply Chain Provider

 

Originally posted on UtahBusiness.com | PR

 

Salt Lake City – ZAGG Inc, a mobile device accessories company, has selected RR Donnelley as its global supply chain provider. ZAGG Inc products will be warehoused and shipped from RR Donnelley network facilities around the world, reducing cost and building greater flexibility to manage changes in product demand.

 

…..READ MORE

 

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

This Wednesday!
How To Raise Money
June 11th, 2014
Salt Lake City, Utah
Brinks Gilson & Lione
 
Next Week!
How To Raise Money
June 18th, 2014
Ogden, Utah 
Weber State University Downtown
 
The Deal Forum
June 25th, 2014
Zions Bank - Provo
 
August Joint Luncheon
August 21st, 2014
Thanksgiving Point -
Garden Room
 
 

 

Angel Investor News

 

 

Angel Capital Association Takes Action to Avoid Threat to Startup Funding

 

Potential SEC Rule Changes Could Eliminate 60 Percent of Angel Investors

 

Originally posted on AngelCapitalAssociation.org

 

Kansas City, Mo., May 20, 2014 The Angel Capital Association (ACA) today launched a campaign to protect startups from a devastating loss of angel capital if the Securities and Exchange Commission (SEC) increases the financial qualifications for accredited investors.  The “Protect Angel Funding” initiative is a call to action to the startup ecosystem – from angel investors to economic development organizations and entrepreneurs – to urge regulators to preserve the definition of who qualifies as an accredited angel investor. Protecting this important investment class is critical to preserving the economic fuel it provides to startups and job creation. If changes proposed by “investor protection” organizations are enacted by the SEC, nearly 60 percent of angel investors would be eliminated.

 

…..READ MORE

 

VC Industry News

 

The Venture Capital Power Law – Analyzing the Largest 100 U.S. VC-Backed Tech Exits

 

Originally posted on CBInsights.com

 

Venture capital returns are often said to follow a power law.  Simplistically, the best investment returns more money than the rest of the investments combined.  We analyzed the largest 100 U.S.-based tech M&A or IPO exits since 2009 to see whether the power law actually holds and who the most frequent investors in those companies are.

 

…..READ MORE

 

VC 100: The Top Venture Capital Firms Backing U.S. Startups

 

Originally posted on Entrepreneur.com | By Tanya Bendedicto Klich

 

The rise in venture capital funding in 2013 is proving that the industry still has legs despite hitting a post-recession trough in 2009. Venture capitalists invested $29.4 billion in 3,995 deals in 2013, an increase of 7 percent in dollars and a 4 percent increase in deals over the prior year, according to the PwC/NVCA MoneyTree™ Report.

 

…..READ MORE

 

REDUCING STARTUP BRAIN DAMAGE: DELAWARE MOVES TO FURTHER STREAMLINE CORPORATE PROCESSES FOR EMERGING COMPANIES

 

Originally posted on TheVentureAlley.com | By Trent Dykes

 

Proposed amendments to the Delaware General Corporations Law (DGCL) for 2014 aim to significantly streamline routine questions that often prove vexing for emerging growth companies and newly formed subsidiaries of larger companies.

 

…..READ MORE

 

Entrepreneurship

 

Desktop usage is cratering. Here’s how to get ahead on mobile

 

Originally posted on VentureBeat.com | By Matt Marshall

 

Mobile has become almost cliché among Silicon Valley companies. Everyone’s talking about their “mobile first” strategy.

Facebook now makes a majority of its revenue from mobile, up from almost nothing three years ago. And evidence about the rising importance of mobile keeps getting stronger.

 

…..READ MORE

 

Crowdfunding News

 

AngelList – The Patron Saint of Equity Crowdfunding

 

Originally posted on CrowdfundInsider.com | By Georgia Quinn

 

AngelList, the crowdfunding trailblazer, who was “equity crowdfunding” before people even knew what that meant, initially started as simply a matchmaker for angel investors and startups. As a legal and securities nerd I understand the difference between the Magna Carta and the AngeList SEC No Action Letter – but they were close.

 

Babak NiviSeriously, AngelList began as a “giveback” to the startup community by Naval Ravikant and Babak Nivi and has arguably become the top equity crowdfunding platform in the world.

 

…..READ MORE

 

Articles of Interest

 

The Correct Answers to ‘How Will You Use My Money?’

 

Originally posted on InnovationAmerica.us

 

Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.

 

You may think this question is just an artifact of good television, but let me assure you that in my experience as an angel investor, it’s a standard “make or break” inquiry posed to every entrepreneur. Here are some guidelines that will help you with the right answers, not only in closing your next investment, but in planning when and how much money to ask for.

 

…..READ MORE

 

Quick Guide to Business Valuation Methods

Originally posted on Successbiznow.com | By Dale Richards

Quick Guide to Business Valuation Methods

Let’s face it, the goal of many business owners is to build a company which can ultimately be sold for a large profit.  While this may be the end goal, how to go about doing this can be quite difficult.  This is why an entire industry has been created to deal with business sales and acquisitions.  Unfortunately, entrepreneurs are typically great at building businesses, but not always at selling them.  Entrepreneurs tend to have so much invested in their businesses that they are not able to emotionally detach from the situation.   Hiring a business valuation consultant can help bridge this gap and often allow business owners to receive more money for their business than they would have otherwise.  There are three primary business valuation methods which are broken down below.

…..READ MORE

 

Kauffman Report Makes The Case For AgTech Innovation & Investment

 

Originally posted on Forbes.com | By Danielle Gould

 

Technology is transforming every industry, and now it’s coming to agriculture. Over the past six years, a growing number of AgTech startups have developed technologies to help the agriculture industry feed our growing population without destroying the planet.

 

…..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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