From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Tue Sep 09 05:48:48 MDT 2014


What the Venture Community Reads

    September 08, 2014                                                                      

Utah Venture News


WBI Alumni companies on the list include Alliance Health, Boostability, HireVue, Inthinc, and Cytozyme.



Utah lands 85 spots on Inc. 5,000, total revenues top $2.9B


Originally posted on | By Tessa Curry


Utah companies landed 85 spots on the annualInc. 5,000 list with total revenues topping $2.9 billion.

The Inc. 5,000 measures the fastest growing private companies over the past three years.

Of the Utah companies on the list, several are technology based, including the recently acquired Goal Zero which came in at number 150 on the list.

HireVue, the digital interview platform, came in at number 335, touting $9.8 million in revenue and 1383 percent growth over the last three years.





Venture Profile



Greycroft Partners is a venture capital firm specializing in start-ups, inception stages, and early stage investments.  The firm seeks to invest in digital media companies including products and services that are delivered over the internet or wireless networks and advertising technology, internet software, and mobile services.  The firm typically invests between $0.5 million and $5 million at inception.  The firm was founded in 2006 and is based in New York with an additional office in Santa Monica, California.




Cooperative Venturing Network®

People You Should Know



Tom Lund



Tom Lund serves as the Director of Practice Development & Recruiting for the professional tax, audit, and advisory services firm of Tanner LLC. With over 80 professionals, Tanner has been recognized as one of “Utah’s Best Places To Work” by the Utah Work/Life Awards. For the second year in a row, Tanner has been honored as one of the Top 25 Firms in the United States by INSIDE Public Accounting. In 2012, Tanner was recognized by Zions Bank as one of the “Top 12 Companies” in Utah and Idaho.


After graduating with honors from Southern Utah University, Tom began his career in the office equipment industry. He had significant successes in client development and management with Associated Business Products and later Ikon Office Solutions, a Fortune 500 company. Tom then spent eight years with the Salt Lake City office of Ernst & Young as their Director of Business Development before leaving to join Zions Bank where he helped start a successful venture debt initiative in addition to developing large loan and deposit relationships with many high-growth companies.


Upcoming Venture Community Events



This Wednesday is when funding starts!


Learn about Investors from Investors to pique their interest in your deal. 

It's all about getting a meeting!


Date: 09/10/2014

Time: 3:00pm

Ballard Spahr, LLC.,
201 South Main Street, 8th Floor
Salt Lake City, UT 84111

Thank You To Our Sponsors!

Title Sponsor:



 Additional Sponsor: 



Hosting Sponsor:






Our next...



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



This is the essence of commercialization.  


Presenting Companies:




IAG Unity

Tracking First


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: Great Basin

Location:  Salt Lake City, Utah


Description:  Great Basin Corporation, a molecular diagnostics company, develops sample-to-result technology and products that provide multiple-pathogen diagnoses of infectious deseases


Amount Raised: $9.5mm

Date: Q1






Helidyne raises $1M in Series-A funding


Originally posted on | PR


Washington, Utah – Helidyne LLC, has raised $1 million in series-A funding from its equity partner to finance completion of its first order for off-shore power generation equipment to Pemex –the world’s 6th largest oil & gas producer. Funds will also be used to construct a permanent test stand at the Red Rock Generating Facility in St. George, Utah.




Helidyne will be pitching at WBI’s Provo Deal Forum on September 24th.  Click on the Register link in this newsletter to attend. 



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



Why Understanding Loan Covenants Matters


Originally posted on | by David Chase


Understanding the purpose of covenants and which are common or expected is the key to securing the most favorable covenants you can when you negotiate your company loan. Below are 3 common questions we hear and a listing of the common covenants we’ve observed in the market recently.





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

"How to Raise Money"
Ballard Spahr Office
Salt Lake City, Utah
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


How Angels Can Enjoy The Best Returns -- Financial And Otherwise


Originally posted on | By Marianne Hudson


With angel investing being so risky, eventually most smart angels wonder – is there a way to increase my odds for good returns?  And how else do I make investing a good experience for me?


Here’s the good news.  Studies show that angel investors can make good returns, on par or better than VC or other types of private equity, when they follow some good investment practices.  The studies put proof behind what was previously just common sense. On top of that, many angels are having a blast investing in startup companies and are happy to share their secrets for fun.




VC Industry News


Venture Capitalists Have Highest Investor Confidence in Cloud Computing


Originally posted on | Michael Brown


For the second year in a row, VC investors have had their eyes on cloud computing according to a 2104 Global Venture Capital Confidence Survey, which is great news for MSPs looking to expand their businesses in the cloud, including with cloud-based file sharing.






If Investors Are Not Biting, Perhaps You Should Take It Personally


Originally posted on | By Todd Hixon


We have all heard people say, when they make a decision we don’t like, that “it’s not personal.” Generally they mean “it’s about the facts of the situation, it’s not about who you are as a person.” Usually this is a bit of a fib. In venture capital it’s often a big lie.

We like to say “it’s not personal” because this approach makes it easier for the other person to accept a bad outcome, reducing the risk of a messy, emotional discussion.




Crowdfunding News


Release Title III: Securities Based Crowdfunding Rules – The New Investing Model


Originally posted on | By Kim Wales


Recently, there has been a renewed call for action on Title III (Regulation Crowdfunding) to go-live. And there are some proponents in the industry that just want the rules to go live ‘as-is’. However, the Crowdfunding Intermediary Regulatory Advocates (CFIRA), the first advocacy and lobbying trade organization set up to work alongside the SEC and FINRA during the rule-making process for the crowd investing industry urges the Commission and FINRA to collectively agree on a set of final rules that factors in the public comment letters and recommendations.




Articles of Interest


Peak Ventures Closes $23 Million Fund to Invest in Utah Startups


Originally posted on | By Clint Betts


Peak Ventures, a Provo-based early stage investment firm and wholly owned subsidiary of Peak Capital Partners, today announced the close of a $23 million venture capital fund.

According to Peak Ventures, the fund will target seed-stage startups in Utah and the Mountain West, and will cut checks to local companies ranging from $100,000 to $1 million.


“There is a real need for new capital sources to fund the brightest entrepreneurs in Utah,” said Jeff Burningham, founder and managing partner of Peak Ventures. “We plan to meet that need by focusing on the entrepreneur. In the early days of your startup, it’s about gaining every possible advantage and executing. In essence, we’ve assembled the type of venture firm that we wished would have existed when we were raising capital for our startups.”





Judy Robinett: How Entrepreneurs Can Become Power Networkers


Originally posted on | By Dan Schawbel


I recently spoke to Judy Robinett, who is the author of How to Be a Power Connector: The 5-50-150 Rule. Robinett is a business thought leader who is known as “the woman with the titanium digital Rolodex.” In her more than 30 years of experience as an entrepreneur and corporate leader, Robinett has served as the CEO of both public and private companies and in management positions at Fortune 500 companies. She has been on the advisory boards of Illuminate Ventures, an early-stage venture capital firm based in Menlo Park, California; Pereg Ventures, a venture capital firm based in New York; Springboard Enterprises based in Washington, DC; and Women Innovate Mobile (WIM) accelerators based in New York. 




Feel Good Monday


Great uplifing stories to start the week out with.






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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.


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