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


What the Venture Community Reads

           May 26, 2014                                                                                   

Happpy Memorial Day!


Utah Venture News




Originally posted on 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.





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.




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.




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







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.






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






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



Location: Provo, Utah


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


Amount Raised: $297mm, $300mm

Date: Q2 & Q3 2013






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

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


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.




VC Industry News


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


Originally posted on | 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.






The Best Way to Ask Friends and Family for Seed Capital


Originally posted on | 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. 




Crowdfunding News


The Crowd Data Center Releases Q1 Crowdfunding Data


Originally posted on | 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.




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


Originally posted on | 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.




Articles of Interest


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


Originally posted on | 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?




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


Originally posted on


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.”




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


Originally posted on | 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.



Innovation, American Entrepreneurs and the New Job Agenda


Originally posted on | 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.




Feel Good Monday


Great uplifing stories to start the week out with.






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