February 25, 2011 |
It would be hard to pick a worse time to try to raise a venture capital fund than 2010. Many institutional investors and wealthy individuals were shying away from a type of investing that simply had not produced the riches promised. Thomson Reuters and the National Venture Capital Association counted 157 funds that raised $12.3 billion in 2010. Both were well below the 237 funds and the $31.2 billion raised in 2007. Those able to raise money needed an unbeatable track record or a new approach.
January 21, 2011 |
The swoon may be over for the venture capital industry nationally with the number of deals and the amount invested rising in 2010 for the first time since 2007. But region- ally the action was more subdued. The PricewaterhouseCoopers/- National Venture Capital Association MoneyTree Report, released Friday, shows some improvement for an in- dustry that has never returned to the manic heights it reached during the days of Internet Bubble 1.0 in 2000. The question is: With nosebleed valuations of $50 billion for Facebook and $15 billion for Groupon being bandied about, are we in the middle of another Internet bubble?
December 7, 2010 |
While those who run venture-capital funds may get more attention, angel investors invest in far more start-ups in a given year. The National Venture Capital Association cites data from Thomson Reuters that show 728 companies obtained their initial investments from venture funds in 2009 - a total of $3.3 billion invested. In contrast, 57,225 businesses raised $17.6 billion from 259,480 individuals in 2009, according to the Center for Venture Research at the University of New Hampshire . However, like the shrinking venture-capital industry, angel investment has also been declining, said the center.
November 15, 2010 |
No signs of an enthusiasm gap at last week's Impact 2010 venture capital conference in Philadelphia. A survey of more than 250 entrepreneurs, investors, and professional advisers conducted Nov. 10 by KPMG L.L.P. found plenty of optimism among the people who start, feed, and guide growing companies. The power of positive thinking would seem to be an essential ingredient in any risky effort, but it had been largely absent among the attendees of the 2008 and 2009 venture conferences in Philadelphia.
October 26, 2010 |
It's a good time to ask for money - if you're a big corporation that can afford to issue bonds at today's record-low interest rates, or a well-connected real estate firm looking to fund distressed projects at fat discounts, or a small company in one of the high-tech sweet spots that wealthy private investors love. It's an awful time to ask for money - if you're a small business trying to borrow from regional banks caught between fallen real estate values that have devalued loan portfolios and the newly tough Washington bank examiners, who want to make sure the easy-money years are really over and lenders aren't taking too many risks.
April 27, 2010
RESEARCHERS for the Kauffman Foundation surveyed more than 500 founders of successful businesses in high-growth industries to see what they had in common. These are some attributes that stood out: The successful entrepreneur's average age was 40. Nearly 70 percent were married when they started their company, and nearly 60 percent had at least one child. More than 90 percent grew up in middle-class or upper-lower-class families. Their average birth order was second in the family.
June 23, 2008 |
Michael DiPiano and Marc Lederman did what investors are supposed to do: they bought low, almost at the bottom of the dot-com bust in 2000. Today, thanks to their nerve back then and a lot of time spent picking over local start-ups, their Radnor-based NewSpring Capital L.P. has grown into a $500 million venture firm with holdings ranging from online technology to food packaging, while staying rooted in a region not known as a venture capital center....
January 21, 2008 |
Venture-capital investing in 2007 reached a six-year high of $661.8 million in the Philadelphia area and $29.4 billion nationally, led by strong interest in life sciences, so-called clean technology and Internet-related businesses. An Audubon firm, Globus Medical Inc., attracted $110 million of venture capital in 2007, tying with a San Diego firm, CardioNet Inc., for the year's biggest venture investment, according to a quarterly industry analysis. Globus develops spinal-implant devices that improve mobility for people with back problems.
October 9, 2007 |
While the Philadelphia region has 88 colleges and research centers and attracts hundreds of millions of dollars in federal funding and grants, there's a gap in turning academic discoveries and ideas into businesses and commercial ventures, a new study says. Philadelphia stacks up pretty well among nine metropolitan areas in some measures of connecting promising academic innovations to industry - called "technology transfer" - in order to promote regional economic development, according to a report by the Economy League of Greater Philadelphia.
August 12, 2007 |
Terry Williams, who operates both an executive-search firm and a venture capital company, says most venture capitalists tell him they make their investments by gut. He describes their thinking process like this: "I think he's a good person. I've met him at the Roundtable three times. . . . Here's a check for $17 million. " Williams, whose bachelor's degree is in psychology and criminology, said he thought there was a better way. It involves delving a lot more deeply into the psyches of people who want investors' money.