As every entrepreneur knows, you need three things to create a successful startup: to start with good people, to make something customers actually want, and successfully raise capital funding at the right time is crucial. Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed. Roman Kikta, a seasoned intrapreneur and entrepreneur is the managing partner and co-founder of venture capital firms Genesis Campus and Mobility Ventures. Roman will share his experience and insights on the DNA of a successful entrepreneur-- what it takes to go from idea stage to funding stage.
Like the rest of the economy the venture capital industry is struggling. Even the best of VC firms are finding it difficult to raise new money and even collect on prior commitments.
Venture Capitalists are responding in several ways. Nearly all are pruning their portfolios. This means some cutting some inevitable losses a bit early. But it also means that some very promising companies with innovative ideas, viable products and strong management are also going to die too. Each VC firm has its own criteria but in many cases the test will simply be the time estimated to becoming cash -flow positive.
It’s been a particularly rough few months for ultrawideband (UWB) technology. First, leading UWB startup WiQuest closed its doors, then Intel shut down its UWB research group and TZero Technologies closed up shop—and then, last month, the WiMedia Alliance announced that it was transferring all current and future specifications to the Bluetooth SIG and the USB Implementers Forum (in the form of Wireless USB), and ceasing operations.
The biotechnology industry once again is pushing Congress to make small companies that are majority-owned by venture capital firms eligible for Small Business Innovation Research grants. Through the SBIR program, 11 federal agencies set aside 2.5% of their outside research budgets for small businesses. The National Institutes of Health is one of the largest awarders of SBIR contracts, investing more than $5 billion in 19,000 projects since the program began in 1982.
Biotech companies that are majority-owned by VC firms have not been able to tap this program since 2003. That’s when the Small Business Administration ruled that a company doesn’t qualify as a small business if venture capital firms own more than 50% of the company’s stock.
Online retailers and online shopping destination sites now have access to a no cost branded and fully managed auction revenue solution.
At Auction, a total solutions provider of B2C Internet auction managed services and technology, today announced the release of its Private Label Auction Program. The program provides online partner sites with a strong new incremental revenue stream, means to attract new customers, and a driver of customer loyalty with heavy repeat visitors through a no cost fully managed turnkey private labeled auction solution.
First peripheral to showcase high throughput connectivity for the iPhone and iPod consumer
Austin, Texas – June 1, 2009 –Alereon, Inc., the Certified Wireless USB technology leader for Worldwide Ultra Wideband (UWB) WiMedia solutions, today announced the first demonstration of an Apple iPhone/iPod peripheral reference design based on the new worldwide, low power 90nm-LP AL5301 chip built at Samsung's 12inch wafer fabrication facility in Korea.
The buzz on the Internet is hitting close to home with Examiner.com’s announcement today of the acquisition of NowPublic, a pioneer in the new media space.
Examiner.com, which in July’s comScore report had more unique visitors than Huffington Post (not to mention NPR and the Drudge Report combined), continues to make waves across the net based on the strength of its Examiners, now more than 16,000 strong. Examiner.com and NowPublic will make strong team members in the quest to provide informative content in an entertaining and timely manner. Merges Examiner.com’s Breadth of Content with NowPublic’s Technology to Deliver Unparalleled Hyperlocal Offering
Enerage, Inc. (Enerage) is a specialized R&D company focused on development of energy materials. It was founded in California in 2004 and established in Tao-Yuan, Taiwan in 2005. The team combines the specialists in material science, electrochemistry and ceramic technology and has developed the core technologies in the fields of SOFC, PEMFC, nano-sized catalysts, and fuel reformer etc.
Hunt Consolidated Inc.’s investment arm has completed its second spin-out of 2009, this time sending its early-stage venture capital business off to become a separate entity.
Formerly known as Hunt Ventures, Covera Ventures is now seeking deals as an independent, Dallas-based firm, though it continues to invest and manage the first and only Hunt Ventures fund, called Hunt Ventures Fund I LP, which received investor commitments totaling $140 million.