From: The Venture Capitalist
To: Scott Jenkins,
Subject: The Venture Capitalist - Local Venture News You Can Use
Date: Mon Jul 07 22:16:42 MDT 2014


What the Venture Community Reads

    July 07, 2014                                                                                              

Utah Venture News

SpinGo takes $2M to get you off your couch


Originally posted on | By Tessa Curry


Getting people involved in their communities isn’t as easy as it sounds. Kreg Peeler, founder and CEO of event platform SpinGo, wants to change that, giving people no excuse to stay home bored.

To do that, Peeler’s company built a web event planning software showing local activities across the nation. Then they partnered with online ticket sales companies including Eventbrite, to make it even easier for people to find events and purchase tickets to attend, all in one place.




Venture Profile





Utah Business Lending Corporation has money for early stage, high tech companies.  See if you qualify for a venture debt loan of up to $250,000 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.


Cooperative Venturing Network®

People You Should Know


Bob Rock



Bob is Founder and President of Lone Peak Productions, a leading video and digital production house in the intermountain west.  For the last 35 years Bob and Lone Peak has served a “Who’s Who” list of clients and was producer of the highly successful TV show, “Hot Homes of Utah” which ran for 5 years.  As a small businessman who bootstrapped his business, Bob has a keen appreciation for the trials new business start-ups go through. In 1985, Lone Peak became a sponsor and Bob a communications mentor to the Institute. Bob has recorded hundreds of presentations, mentored hundreds of companies. With his extensive communications background, few people are as astute at identifying the value proposition and communicating it quickly, better than Bob and the team at Lone Peak Productions. Bob served his country in the U.S. Navy during the Vietnam conflict, and is fluent in Japanese.




Upcoming Venture Community Events



The next



on August 5th, 2014 - will be held in the Zions Bank Founders Room in their Downtown Salt Lake City location.




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:


Bobo Sales - Bobo Sales was founded to develop an innovative mobile application and ecommerce platform that enables people to easily sell their “stuff” online (both “C2C” and “B2C”). The Bobo mobile app allows people to simply snap a photo, tag it, and post it online, pushing out their listings to conventional e-commerce websites and also to social media networks.


Nimbel Knowledge Nimble Knowledge provides a technology that allows those who have a remedial English learning proficiency to communicate as though they were native.


Seed Worthy Seed Worthy develops the most innovative technologies for developers and internet entrepreneurs. BowTie, Seed Worthy's feature product, is an integrated platform that allows developers to launch their creations out in the world in minutes. Front-end, email, user management, linked development environments, analytics, e-commerce, name it! BowTie lets developers, builders, & creators do what they do best--make cool stuff. We handle the rest.


Mezy - Mezy, a new social app, that lets friends share photos and videos with their friends in 3 easy ways. You can send a photo to all or just some of your followers. You can have a photo vanish from your friends feed 10 seconds after they have viewed it. Or Geo Lock a message to a location so your friends must go to that location in order to see your message.


Investor Panel: 


Members of the various local Angel and Venture Capital groups.



Where entrepreneurs and investors meet!






Women Tech Council Announces 2014 Finalists   


The Women Tech Council will host its Seventh Annual Women Tech Awards Luncheon on Sept. 17, 2014, honoring 17 women in the technology field. The Tech Awards recognize technology-focused women who are driving innovation, leading technology companies, and are key contributors to the community. Sponsored by EY, USTAR, and MountainWest Capital Network, the event will be held from 12:00 p.m. to 1:30 p.m. at The Grand America Hotel.




WBI - Alumni Financing Events and News


Financing Events


Company: Amedica

Location:  Salt Lake City, Utah


Description:  Amedica Corporation, a commercial biomaterial company, develops, manufactures, and sells various medical devices.


Amount Raised: $3.13mm & $9.48mm

Date: Q1 & Q3 2013, respectively






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 You Should Consider A Lower Initial Valuation


Originally posted on


I recently read an interesting post at arguing the down side of a mega valuation when raising initial capital.  During the read, I quickly recognized that the author was a venture capitalist himself. Despite my recognition of the inherent conflict of interest, what was said in the last paragraph redeemed him for me. I think his points should be well taken, so I want to present the argument in a more digestible way—backwards!


The important thing for everyone at the table to remember is that by working with others (either receiving funding or placing it), you are taking a piece of the pie. Don’t get greedy and white-knuckle the whole pie. By aligning the right incentives, everyone will work to grow the pie together. Much better to have a smaller piece of a much bigger pie.






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

Healthbox Accelerator 
Application Deadline
July 20th, 2014
The Deal Forum
August 5th, 2014
Zions Bank - Salt Lake City
August Joint Luncheon
August 21st, 2014
Thanksgiving Point -
Garden Room
2nd Annual Social Enterprise & Crowdfunding Conference
September 26th, 2014
Snowbird Resort Ski & Summer Resort


Angel Investor News


An angel investor’s ultimate guide to AngelList Syndicates


Originally posted on | By Tyler Willis


In 2012, my last company sold to Oracle and I decided to start angel investing informally. Several of my early bets worked out reasonably well, so this year, I decided to double down on my little angel investing experiment. A few months ago, I successfully raised a small AngelList Syndicate to do so. Since then, several other angel investors thinking about doing the same things have asked me for tips.




VC Industry News


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


Originally posted on


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. (Note: We’ve looked at IPOs of both U.S. and non-U.S. companies)




SEC Releases Small Business Capital Formation Report


Originally posted on  | By JD Alois


Last fall – way back in November 2013 – the SEC held their annual gathering of minds to discuss the challenges of small business capital formation.  The meeting was mandated by law under the “Small Business Incentive Act of 1980″.  This was their 32nd forum where the leading minds at the SEC convene to review “unnecessary impediments to small business capital formation” seeking ways to eliminate these hurdles – because as well all know small business is the engine of our economy.  Makes sense – yes?  It’s tough starting a small business so let’s find ways to make it easier…








Originally posted on


Accountability at a company need not only come from investors and a Board of Directors. Customers and the team may be more powerful and well-aligned forces of accountability.

Sam Altman has a post up about valuations.  While he ignores real data in some spots ($30M+ rounds being bad he says although data says otherwise), it is worth a read.

One interesting part was the point Altman makes about the role of Board of Directors.





Who is the Right Investor for You? That Depends on Where You Are Now.


Originally posted on | By Martin Zwilling


Time is too precious to waste trying to close a deal with the wrong investors at the wrong time. Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table.


The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup. For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. On the other hand, if you are a new entrepreneur, still in the idea stage, professional investors will only tell you to come back later when you have traction (customers and revenue).




Crowdfunding News


Equity Crowdfunding: Leveling the playing field for female entrepreneurs and investors


Originally posted on | By Casper Arboll & Balthasar Scheder


For a long time women entrepreneurs have been marginalized in traditional forms of finance, excluded from venture capital and business angel investing which is often referred to as old boys clubs. With only 12 percent of all business angels being female, it is not surprising that only 12 percent of business angels funded female entrepreneurs in 2011, according to the Center for Venture Research. People tend to fund people just like them. Men fund men and women fund women according to an article in Forbes.




Articles of Interest


'Red ocean market': VCs wary of investing in app companies


Originally posted on | By Tom Henderson


Why are venture capitalists often reluctant to invest in companies that make apps?

"Because it's a red-ocean market. There's so much competition, it's inevitable that there will be blood in the water," said Tom Kinnear, a professor of business administration at the University of Michigan.





Why Venture Capital is So Much More Compelling Now


Originally posted on | By Mark Suster


It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.”

The most recent was 18 months ago or so called The Kauffman Report. It had an influence on the people who fund our industry in a negative way as many asset managers who fund our industry read this flawed report. That’s a shame because many of these people missed out on what will be a few great VC vintages.




Why VCs Should Recycle Their Management Fees


Originally posted on | By Brad Feld


I’m an investor in a bunch of VC funds. Some of them recycle their management fees; others don’t. I’ve never really understood why funds don’t recycle their management fees.




Feel Good Monday


Great uplifing stories to start the week out with.






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