From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Mon May 19 21:47:27 MDT 2014
Body:

  

What the Venture Community Reads

           May 19, 2014                                                                            

Utah Venture News

 

Report Shows 2013 was Biggest Year for Deal Flow

 

Originally posted on UtahBusiness.com | PR

 

Salt Lake City—MountainWest Capital Network has released the 19th annual Deal Flow Report, which represents 426 deals totaling more than $12.5 billion in mergers and acquisitions, public offerings, private equity and venture capital financing transactions in Utah for 2013.

 

“This is the largest year ever for deal flow activity in Utah and the trend is continuing on an upward slope,” said Drew Yergensen, vice president and senior relationship manager at KeyBank and chair of the 2013 Deal Flow Committee. “Utah continues to showcase its depth and expertise in software applications, which has been the leading sector for several years.”

 

…..READ MORE

 

Events discovery platform SpinGo raises $2M (exclusive)

 

Originally posted on VentureBeat.com | by Michael Leibel

 

Events engine SpinGo acts as a database for local events, connecting people with more than 100,000 monthly events. Think of the calendar section on a newspaper’s website, but with a more visually-appealing design and more accurate listings.

Now SpinGo has raised $2 million in a Series A investment, the company told VentureBeat in an interview, bringing SpinGo’s total funding amount to $6 million.

 

Prelude, a new Mercato Partners fund, led the round. It’s interesting to note that SpinGo, based in Draper, Utah, is the first company funded by the spinoff fund, which will back early-stage startups. Mercato Partners usually provides growth-stage capital to more developed companies.

 

…..READ MORE

 

Venture Profile

 

 

Pinterest

 

Originally posted on PitchBook.com

 

The company raised $200 million of Series F funding led by SV Angel on May 16th,2014 putting its valuation at $5 billion.  Bessemmer Venture Partners, Fidelity Investments, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners also participated.

 

…..READ MORE

 

Cooperative Venturing Network®

People You Should Know

 

Johnathan Dudley

 

 

 

Jonathan has over 9 years of experience in public accounting (4 of which were with a Big 4 firm) and has served as the engagement manager for a number of publicly traded and privately held enterprises, including various private equity funds, InsideSales.com, Alliance Health Networks, AlphaGraphics, Les Olson Company, Wavelink, Moroni Feed Company, IFA, Twinlabs, and many others. He has also been a Controller for a publicly traded software company and began his career with a private equity group in Zurich, Switzerland. Jonathan graduated with an M.B.A. from Weber State University and the University of Utah with his Bachelor’s degree in Accounting. He is a member of the American Institute of Certified Public Accountant and the Utah Association of Certified Public Accountants.

 

 

 

Upcoming Venture Community Events

 

 

 

May 27th, 2014

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 Technologies - brings to retailers (supermarkets, pharmacies, big box stores, medical providers and health insurance providers) a breakthrough marketing channel that helps 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.

 

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

 

The presenters were paired with a Deal Maker Team, hand selected from WBI's Cooperative Venturing Network®, to work with in preparation for this live pitch event. They will pitch to our Investor Panelists made up of active investors from Utah's Angel and Venture Capital community.  After each 10 minute pitch, each member of the investor panel will provide their personal feedback to the presentor.

 

After the presentation and investor feedback session; investors, entrepreneurs, presenters, and all other attendees are welcome to network and enjoy light refreshments. Don't miss this great networking opportunity! Pre-Register and save $5 today.

 

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. Hosted by Portland Seed Fund & focused on interactive discussions by investors for investors, this one-day event will include topics such as regional investment trends, best of the region deal opportunities, updates on important federal policy, and great networking with your future co-investors.

 

…..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

 

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

 

 

Attensity Closes $90 Million in Financing

 

Originally posted on Attensity.com

 

The Leading Provider of Multi-channel Data Insights and Analytics for Fortune 1000 Companies

Secures Financing to Fuel Growth

 

Names Business Software Sector Veteran, Howard Lau, as CEO

 

Palo Alto, CA – May 14, 2014 – Attensity (@Attensity), the leading provider of corporate insight solutions based on proprietary data contextualization, today announced that it has successfully closed $90 million in equity financing.

Financing was provided by an international private equity fund and financial advisor company. The new capital secured will be used to accelerate product innovation; fuel market growth; and expand the sales, marketing and engineering teams to meet the growing need for engagement and analytic applications using patented natural language processing (NLP) technology.

 

…..READ MORE

 

 

 

 

Clinovo Speaks on Standards Implementation Strategies for Medical Devices at CDISC Interchange Europe 2014

 

Originally posted on Clinovo.com

 

Clinovo Selected to Present on CDISC Implementation Strategies for Medical Devices at the CDISC Interchange Europe Conference 2014, on 7-11 April 2014, in Paris, France.

President & CEO of Clinovo, Ale Gicqueau, was selected to present at the CDISC Interchange Europe 2014. The internationally renowned conference held in Paris, France on the 7-11th April 2014, is the premier venue for clinical trial experts dedicated to implementing and spreading the use of FDA-recommended CDISC standards.

His presentation will focus on five strategies suited for medical device companies to effectively adopt CDISC Standards. Clinovo has always been a strong proponent of adopting CDISC standards states Ale. We recently held a panel discussion on CDISC for medical device companies and our open source CDISC conversion tool CDISC Express has been downloaded by over 1,000 companies across the globe. In his presentation Ale will explain how to prioritize the different steps to implement CDISC Standards, from CDASH CRF designs to succeeding in an FDA Submission in the SDTM format.

 

…..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

 

 

Jones Waldo Unveils New Office Space

 

Originally posted on UtahBusiness.com | PR

 

Salt Lake City – Jones Waldo has unveiled its newly remodeled 49,185-square-foot headquarters in downtown Salt Lake City. The remodel was led by Gillian Johnson of Burkett Design and Rick Dutson of Dutson Builders, Inc.

 

The multi-million dollar office update started in April 2013 and was completed in January 2014. The space came with the addition of multiple break areas and kitchens for attorneys and staff to relax in, before and during the workday, and nine updated conference rooms incorporating state of the art communications capabilities.

 

…..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

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

 

Cybersecurity – What’s Happening at the Early Stage?

 

Originally posted on CBInsights.com

 

As the bad guys get smarter, startups aiming to combat cybercrime and security breaches are proliferating – and bulking up. From endpoint protection to mobile app security, venture capital investors are writing checks to a diverse range of companies in the cybersecurity market. And things are getting especially interesting at the early-stage.

 

Since 2010, early-stage venture activity (defined as seed/Series A financings) in the cybersecurity ecosystem has risen significantly as threats expand to new devices, cloud-based resources & virtual networks. In 2013, early-stage deals comprised 47% of all global cybersecurity financings. And 2014 has seen the early-stage surge continue with 54% of cybersecurity deals coming at the seed or Series A stage over the first 3 months of the year. Of note, cybersecurity early-stage deal activity hit its highest level since the start of 2010 in Q1 2014 at 42 deals. Q1 2013′s funding high was driven by a $225M Series A round to AirWatch, now owned by VMWare.

 

…..READ MORE

 

VC Industry News

 

Health IT Sees $2.65B of Funding in Last Four Quarters – Yup, That’s Billions

 

Originally posted on CBInsights.com

 

From healthcare data analytics to cost transparency software to mobile diabetes management, companies in the global Health IT (or what folks will also refer to as digital health or healthcare IT market) are seeing increasing interest from investors.  Over the last four quarters, the industry has seen $2.65B of funding across 628 financing transactions and funding rose to its highest quarterly amount ever in Q1. Over the three-month period, investors deployed $1.11B across 181 deals – a funding increase of 210% compared to the same quarter last year.

 

…..READ MORE

 

Software Eats the Supply Chain: VCs Put $359M in Logistics & Supply Chain Software in Last Year

 

Originally posted on CBInsights.com

 

The global supply chain is getting a digital makeover. From air transport processing to yard management, a throng of startups providing software tools and solutions aimed at the supply chain & logistics market have cropped up – backed by a diverse group of venture and strategic investors.

 

Over the last four quarters, investors poured nearly $359M into 63 deals in the logistics & supply chain software industry. On a year-over-year basis, deal activity has increased 50% behind Q1 2014′s spike in financings including to same-day delivery service Deliv, cloud-based delivery analytics startup Scurri and Elementum, a Lightspeed Venture Partners-backed spin-out of supply chain solutions giant Flextronics.

 

…..READ MORE

 

Entrepreneurship

 

Here’s what it actually takes to make it as an entrepreneur

 

Originally posted on WashingtonPost.com | By Vivek Wadhwa

 

A young male who was born to be an entrepreneur drops out from a computer-science program at a prestigious university.  He meets a powerful venture capitalist who is so enamored with his idea that he gives him millions of dollars to build his technology.  Then comes the multi-billion-dollar IPO.

 

That’s the Hollywood version of Silicon Valley.  But it is as far from reality as is Disneyland.  Entrepreneurship is never that easy and the stereotype of the startup founder is not representative of the technology world.  Yes, there are a few, such as Mark Zuckerberg and Bill Gates, who made it big.  But they are the outliers—and they too don’t fit the stereotype.

 

…..READ MORE

 

Crowdfunding News

 

Crowd Funding Has Not Killed Angel Investing Yet

 

Originally posted on Forbes.com | By Martin Zwilling

 

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). New crowd funding platforms on the Internet, like Kickstarter and IndieGoGo, as well as the Jobs Act of 2012, are expected by many to ramp up regular people’s ability to fund new opportunities and kill the need for angel groups.

 

…..READ MORE

Articles of Interest

 

More VCs passing on startups in favor of growing companies

 

Originally posted on MercuryNews.com | By Heather Somerville

 

If you just launched a company from your apartment last week and are looking for some cash, don't go to knocking on a venture capitalist's door.

Venture capital is giving less money to startup companies and putting whopping sums into businesses with a solid customer base and steady revenue, according to venture capital data from the first quarter this year.

 

…..READ MORE

 

VCs Warm Up to 3D Printing

 

Originally posted on CBInsights.com

 

After a dismal 2012, VCs plowed 300% more funding into 3D printing companies in the last 12 months. Crowdfunding a la Kickstarter has also has become a popular source of funding for 3D printing startups.

 

Despite the buzz around 3D Printing, VCs sat on the sidelines through most of 2012.  MakerBot’s acquisition by Stratasys (deal value of $403M which could climb to $603 million with performance earnouts) was one of the highlights in 2013 which also saw VCs come around to 3D printing.  Funding growth YoY stood at 319% and deals also grew by nearly 88% in the same 12 month period.

 

…..READ MORE

 

The Venture Capital Funnel

 

Originally posted on CBInsights.com

 

The data behind the natural selection process of venture capital. 75% of companies are orphaned or die along the way. 21% get acquired. And the rest (4%) are your potential unicorns.

 

…..READ MORE

 

Corporate Venture Capital Report – Q1 2014. More Corporate VCs, Bigger Checks.

 

Originally posted on CBInsights.com

 

In Q1 2014, venture capital funding in the U.S. hit its highest quarterly mark since Q2 2001. And bolstering the record-setting quarter was significant participation by corporate venture capital groups. Over the three-month period, corporate venture capital investors participated in 129 deals representing total funding of $3.01B.

 

Of note, CVC funding participation hit an eight-quarter high and jumped over 73% on a sequential basis. Compared to the same quarter last year, CVC funding more than doubled as CVC balance sheets are helping in late stage mega-financings.

 

…..READ MORE

 

Silicon Valley heading toward another tech bubble, some investors say

 

Originally posted on LATimes.com | by Chris O’Brien

 

SAN FRANCISCO — Venture capital rising to levels not seen since 2001. Companies with no profits going public. Billions of dollars being paid for start-ups.

 

These and other signs that the tech boom may be taking an irrational turn are leading some notable investors to utter the dreaded word "bubble,"waking up the ghosts of an era many in Silicon Valley would prefer to keep buried.

 

Has Silicon Valley once again lost its collective mind?

 

…..READ MORE

 

Feel Good Monday

 

Great uplifing stories to start the week out with.

 

THIS WEEK'S STORY

 

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