From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Mon May 26 21:00:52 MDT 2014
Body:

  

What the Venture Community Reads

           May 26, 2014                                                                                   

Happpy Memorial Day!

 

Utah Venture News

 

 

NEW USTAR EXECUTIVE DIRECTOR NAMED

Originally posted on Business.Utah.gov on May 21 2014

 

 

 

May 21, 2014 - Following a nation-wide search with more than 140 applicants, the USTAR Governing Authority and Governor Gary R. Herbert have named Ivy V. Estabrooke, PhD. to be the new executive director for the Utah Science and Technology Research initiative (USTAR). She replaces former executive director Ted McAleer, who stepped down in January.  Estabrooke’s appointment was confirmed by the Senate today and it is expected she will begin her transition into the position in June.

 

…..READ MORE

 

 

Funding, scaling startups leads to $12.5 billion in Utah deals

 

Originally posted on Silicon Slopes | By Tessa Curry

 

Utah companies generated more than $12 billion in deals last year in IPOs, mergers and investments, up 12 percent from the previous year. BoomStartup’s Robb Kunz, Pelion Ventures’ Carl Ledbetter and Primary Data’s David Flynn, spoke about  how funding and scaling lead to large financial exits.

 

At the Mountain West Capital Network’s Deal Flow event today, Drew Yergensen, Vice-President of Key Bank and event chair, announced that this is the best year for deal flow in Utah’s history.

 

…..READ MORE

 

Venture Profile

 

 

Homebrew is a San Francisco-based venture capital firm focusing on seed stage investments. Homebrew typically invests in software-as-a-service companies in the Bay Area but does not limit its investments to this region.  Homebrew does not invest in companies outside of the United States.

 

…..READ MORE

 

Cooperative Venturing Network®

People You Should Know

 

Our appreciation goes out to all US Troops this Memorial Day, and everyday, the world over for the service they perform in defending the freedoms we enjoy.

 

Upcoming Venture Community Events

 

 

TOMORROW!

 

 

@

The Founders Room @ Zions Bank

in Downtown Salt Lake City, 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:

 

Fathom Marine Safety - Solving the problem of Man-Overboard, we have developed Detection and Ingress technology allowing safe reboarding for sail and motorboats.

 

Visible Divers, Inc.  - Online B2B service that automates retail businesses through interconnected Point of Sale, analytics, auto CRM, ERP and more to increase sales & lower overhead.

 

Mobile Health Technology - brings to retailers a breakthrough marketing channel using health "interests" to attract new customers, improves retention and increases revenue obtained per customer and, in the case of providers and insurers, dramatically reduces costs related to long-term care. Currently being piloted by Harmons in SLC and other Pharmacies who have invested in the company.

 

Investor Panel: 

 

-Jim Hill, Park City Angel Network

-Kent Thomas, Advanced CFO

-Phil Decallejon, SLC Angels

-Steve Grizzell, InnoVentures Capital  Partners

-Scott Nixon, PricewaterhouseCoopers LLP

 

 

Where entrepreneurs and investors meet!

 

 

 

 

ACA Northwest Regional Meeting 
Portland, OR 
June 3 - 5, 2014

 

ACA members and accredited investors from throughout the Northwest are invited for the 2014 ACA Northwest Regional Meeting.

 

…..READ MORE & REGISTER

 

 

 

Funding your company starts on June 11th at Brinks Gilson & Lione

 

Stay Up to Date on Fundraising Issues for Your Company! Can you raise money?

Where is it? How do I find an investor? Get answers to the questions that haunt entrepreneurs. Join us for the Institute's rotating series of free seminars entitled 'How to Raise Money in Utah.

 

Register Here

 

 

 

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

 

 

Tiffany Peterson is a seasoned Speaker and International Coach, guiding individuals, organizations, and audiences in creating thriving lives and business results.

 

 

 

 

This Venture Community

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

 

 

WBI - Alumni Financing Events and News

 

Financing Events

 

Company: Ancestry.com                

Location: Provo, Utah

 

Description:  Ancestry.com Holdings LLC, through its subsidiary, operates as an online family history resource for subscribers.

 

Amount Raised: $297mm, $300mm

Date: Q2 & Q3 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

 

 

Perkins Coie Breakfast Briefing Series

America Invents Act – One Year Later


In June 2012, Azam Khan from the U.S. Patent and Trademark Office visited Boise to share thoughts on the expectations for the implementation of the America Invents Act (AIA). The AIA, and all its changes, was fully implemented in March 2013. Just over one year from the full implementation, how has the AIA changed the intellectual property landscape? Is it easier for small inventors to protect their inventions? Is the PTO working more efficiently?

Patent law authorities Brian Kinnear and Shane Niebergall of Perkins Coie will share their experience with:

Prosecution Changes in the world of First to File

Derivation Proceedings

3rd Party Submissions – pros and cons

Covered Business Method Post Grant Review

Inter Partes Post Grant Review

 

Register Here

 

CLE Credit
We will apply for 1 hour of general CLE credit with the Idaho State Bar Association.

 

 

 

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. 

 

 

 

 

 

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.

 

In This Issue

 

Upcoming VC Events

TOMORROW!
The Deal Forum
May 27th, 2014
Zions Bank Founders Room
 
How To Raise Money
June 11th, 2014
Salt Lake City, Utah
Brinks Gilson & Lione
 
How To Raise Money
June 18th, 2014
Ogden, Utah 
Weber State University Downtown
 

 

Angel Investor News

 

Some Data on Piggy and Party Rounds

 

Originally posted on CBInsights.com

 

Hunter Walk of Homebrew Ventures has a good post about Piggy rounds and Party rounds up on his blog.

 

Piggy rounds, per Hunter, are those where a larger early-stage or multistage funds offer to do 80-100% of a company’s seed round.  He suggests that Piggy rounds are sort of the new Party round which was a thing in 2012/2013.  Party rounds being those that have a large number of investors without a lead investor.

 

…..READ MORE

 

VC Industry News

 

VCs to data startups: Your fancy tool is not a product, it’s just nerdy

 

Originally posted on VentureBeat.com | By Kia Kokalitcheva

 

SAN FRANCISCO — A statistical model is not a product — yet.

Data nerds might be incredibly good at creating fancy data models and tools, but if they want to take those skills and create a company, they need to make sure they build an actual product that actual people want to use, says Scott Rainey, a partner at Redpoint Ventures.

 

…..READ MORE

 

Entrepreneurship

 

The Best Way to Ask Friends and Family for Seed Capital

 

Originally posted on Entrepreneur.com | By Jamie Pennington

 

There is no amount of lipstick that you can put on the problem: You need capital. And if you are like most entrepreneurs, you need capital quickly. It’s the people who have known you the longest who will likely be the first to bet on your success. Nonetheless, it is still tough to put hat in hand and go out and ask friends and family for funding. 

 

In many ways raising capital is much harder than the other aspects of executing your vision of a business. According to Fundable, a popular crowdfunding platform, friends and family invest about $60 billion a year in startups and almost 38 percent of startups receive funding from this source. With only .05 percent of startups backed by venture capitalists in 2013, those in your closest circle are most likely to be the ones writing those early checks. 

 

…..READ MORE

 

Crowdfunding News

 

The Crowd Data Center Releases Q1 Crowdfunding Data

 

Originally posted on CrowdfundInsider.com | By JD Alois

 

Global crowdfunding is growing at a dramatic pace.  The Crowd Data Center has just released their first report, targeting Q1 2014 numbers and their data indicates exponential growth.  According to the report all aspects of crowdfunding is doubling every two months as the global disruptive shift in capital formation takes hold around the world.

 

For the United Kingdom, February and March indicated a growth rate of 350% with more money being pledged in March than both January and February combined.

 

…..READ MORE

 

Crowdfunding Generates More Than $60,000 an Hour (Infographic)

 

Originally posted on Entrepreneur.com | By Catherine Clifford

 

When big data analytics are overlaid on the exploding industry of crowdfunding, it becomes eye-poppingly clear just how much this new finance mechanism is growing.

 

For example, there's this: Every hour in the month of March, more than $60,000 dollars were raised via crowdfunding throughout the world.

 

And this: In the first three months of 2014, $124 million was raised around the world via crowdfunding.

 

…..READ MORE

 

Articles of Interest

 

Anticipating the future of mobile by looking at the history of the Web

 

Originally posted on VentureBeat.com | By Stephen Forte

 

As mobile continues to be a major focus in all facets of business, developers face a multitude of challenges in implementing a successful strategy for it — integration, experience, standards and technology usage. But what if I told you that these challenges are inherently the same challenges that the developer community faced 15 years ago during the advent of the World Wide Web?

 

Operating under the assumption that mobile today is where the Web was in 1999 — not just from a boom and hype perspective but also from an application development perspective — what can the web’s evolution teach us about the future of mobile? And how can developers address these challenges?

 

….READ MORE

 

The 39 Best Pieces of Sales Advice You’ll Hear This Year

 

Originally posted on FirstRound.com

 

Wiley Cerilli started his sales career peddling coupons door-to-door. Unsurprisingly, he describes it as “pretty much the worst job ever.” “People would generally hate you no matter what you said,” he remembers. But he did take one valuable lesson from the experience: If you knock on enough doors, eventually someone will say yes.

 

“People don’t ask for things because they never want to be told no,” he says. “But sometimes being told no is the best thing that can happen to you. It means you took a chance. It can help you get to where you’re supposed to be.”

 

…..READ MORE

 

Some States Are Sidestepping the JOBS Act’s Burdensome Crowdfunding Rules

 

Originally posted on CrowdfundInsider.com | By Tom Sharbaugh

 

The new crowdfunding provisions in the “Jumpstart Our Business Startups Act of 2012” (which is often referred to as the “JOBS Act of 2012”) have received a lot of attention: Title III of the Act exempts certain crowdfundings from the registration requirements of the federal securities laws (the “Federal CF Exemption”), and the U. S. Securities and Exchange Commission issued proposed regulations in October 2013 to implement the exemption (the “Proposed CF Regulations”). The SEC received about 300 written comments to the Proposed CF Regulations, many of which related to the significant costs imposed by the proposed requirements.

…..READ MORE

 

Innovation, American Entrepreneurs and the New Job Agenda

 

Originally posted on Forbes.com | By Terry Howerton

 

American ingenuity. It’s the stuff of lore and legend, and it’s what drives the global economy. We literally bank on the next disruptive entrepreneur — and innovative new technology — to completely redefine or create new industries. It’s what America does really well, our goose that continues to lay golden eggs.

 

And yet, maybe not.

 

The truth is that America’s startup engine is sputtering. The hope doesn’t always match the hype, and incubators, accelerators and entrepreneurial enclaves across the country are full of well-intentioned new products, if not real, scalable, game-changing innovation.

 

…..READ MORE

 

Feel Good Monday

 

Great uplifing stories to start the week out with.

 

THIS WEEK'S STORY

 

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