January 19, 2014 |
Venture capitalists invested $420.3 million in Philadelphia-area companies last year, up 1.2 percent from the year before, according to the MoneyTree Report by PricewaterhouseCoopers L.L.P. and the National Venture Capital Association. The report, released Friday and based on data from Thomson Reuters, also showed that venture capitalists nationally invested $29.4 billion in 3,995 deals, a 7 percent increase in dollars and a 4 percent increase in deals. Locally, the number of companies receiving venture capital equity investments increased 9.9 percent to 122 from 111. In the fourth quarter, 34 Philadelphia-area companies received $81.6 million in investments.
January 22, 2013 |
A new study shows that funding for business start-ups declined in 2012, the first time that has happened in three years, as venture capitalists spent less on fewer deals. Capital-intense sectors such as clean technology and life sciences were among the hardest hit, according to a MoneyTree study released Friday that was conducted by PriceWaterHouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. In all of 2012, start-up investments fell 10 percent, to $26.52 billion from $29.46 billion, the study found.
January 7, 2013 |
For everyone salivating over the prospect of more seed funding becoming available to Philadelphia entrepreneurs in 2013, allow me to serve up a plate of "Series A crunch. " That's not some type of granola or candy bar. It's a recent investment-industry phenomenon that will amount to a rude awakening for many businesses that raised seed funding in the last 18 months: There may be no follow-on financing for you. That has long been true for businesses that start with capital provided by founders and family and later attract the attention and financial support from a wealthy individual ("angel investor")
December 4, 2012 |
A Harvard Business School lecturer told the Wall Street Journal earlier this year venture capitalists "bury their dead quietly. " He was talking about the large numbers of their investments that fail - up to three-quarters of all venture-backed start-ups, according to his research. Needless to say, the courtship phase between entrepreneur and investor is far more lively. Take this week, filled as it is with events bringing idea people together with money men. (With few exceptions, they're almost all money men)
September 24, 2012
"It is beyond belief that there are still people who would trade this progress for a return to the status quo. " - Gov. Corbett, referring to opponents of drilling for shale gas, in remarks at the Marcellus Shale Coalition convention in Center City. "I think it is disingenuous for the governor to dismiss his opponents as a fringe element of naysayers. " - David Masur of PennEnvironment, protesting outside the shale-gas convention. "We are really, really sad. I hope they call us back because these are really, really good jobs.
January 17, 2012
"No person except a natural born citizen, or a citizen of the United States, at the time of the adoption of this Constitution, shall be eligible to the office of President; neither shall any person be eligible to that office who shall not have attained to the age of thirty-five years" - U.S. Constitution, Article II, Section 1 By John E. Sununu The Constitution may be the foundation of American democracy, but the qualifications...
October 13, 2011 |
Steve Welch, a Chester County entrepreneur who built a successful biotechnology company, launched a bid for the Republican nomination for U.S. Senate Thursday, saying the nation needs leaders who "understand the economy from the ground up. " He joins a growing field of at least eight candidates looking to replace Sen. Bob Casey (D., Pa.) by tying the incumbent to President Obama and the nation's economic problems. "American innovation is strong," Welch, 36, said Thursday in an interview.
August 12, 2011 |
Venture capitalists are still spending money on small biotech, pharmaceutical, and health-care services companies, but not all the numbers point up, according to the MoneyTree Report from PricewaterhouseCoopers L.L.P. and the National Venture Capital Association, based on data provided by Thomson Reuters. The national report indicates that the biotech sector had fewer deals and less money invested in the second quarter of 2011 than a year earlier. The medical-device and equipment sector had more deals and got more money in the same period.
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.
April 27, 2008 |
Of all the hundreds of people who contributed to the attempt to restore the vision of three blind patients at Children's Hospital of Philadelphia, perhaps none has so personal a connection as venture capitalist Gordon Gund. He, too, is blind. Months after a mysterious disease stole the last vestiges of his sight, at age 31, Gund helped create the Foundation Fighting Blindness. Since its creation in 1971, the nonprofit has raised more than $300 million for research and education on the subject of retinal disease, including $2.9 million for the trial at Children's Hospital.