Monthly Archives: June 2003
El Dorado Hills, Calif., Software Firm Secures $4 Million in Venture Capital
Jun. 7–To keep her fledgling software company afloat, Libby Alumbaugh maxed out her credit cards, put her house on the market, convinced her engineers to work for minimum wage and traded her prizedsilver Corvette for a Ford Focus. But the […]
Triad Venture Capital Firm Signs Up Stem-Cell Group
The Piedmont Angel Network, a venture capital group, announced Friday that it has invested in StemCo Biomedical Inc., which develops stem cell products for medical treatments. Details were not released about the dollar value of PAN’s investment, which helped Research […]
Market forces: William Hill stakes rise
Usually when a venture capital firm bows out of a company the stock can be expected to tank, but betting shop operator William Hill ended up 0.5p at 268p as institutions snapped up a sizeable chunkof the stakes held by […]
Start-Ups, Investors Both More Optimistic
IS THE DEEP FREEZE in the venture capital community finally starting to thaw? Some recent developments indicate that it might be. Take, for instance, the amount of money that has flowed into Seattle start-ups recently. In the past three weeks, […]
Philadelphia-Area Women Launch Investment Company
Jun. 6–Three women who are veterans of the financial services industry announced yesterday the formation of NewMarket Capital Partners L.L.C., an investment company in Philadelphia that will managetwo new hedge funds. NewMarket is managing the funds for CMS Cos., a […]
MORI founder may get pounds 20m
MORI, Britain’s best known election pollster, is up for sale in a deal that could earn chairman and founder Bob Worcester up to pounds 20 million. Venture capitalist 3i, which has a 41 per cent stake, is seeking between pounds […]
Oregon’s Private Biotech Firms Struggle to Obtain Venture Capital
Jun. 6–Publicly traded biotech companies are experiencing a dramatic stock rally. Investors are betting that share prices will rebound as the economy recovers and as demand increases for scientificsolutions to diseases and terrorist threats. But venture capital firms aren’t showing […]
Philadelphia-Area Women Launch Investment Company
Jun. 6–Three women who are veterans of the financial services industry announced yesterday the formation of NewMarket Capital Partners L.L.C., an investment company in Philadelphia that will managetwo new hedge funds. NewMarket is managing the funds for CMS Cos., a […]
EFG and Tice See Shine in Gold Stocks
LONDON (HedgeWorld.com) – EFG Private Bank Ltd. and David Tice will offer a new gold stock hedge fund, the Prudent Global Gold Fund. The fund will be sold outside of the United States by EFG Private Bank, an arm of […]
BlueTarp receives venture funding
BlueTarp, which provides credit- and purchase-card programs in the building materials industry, has received a new investment of $1.75 million from three venture capital funds. The money for the Portland-based company’s third round of funding comes from CEI Ventures and […]
Two Pittsburgh-Based Venture Firms Still Competing for Biotechnology Funds
Jun. 6–Two Pittsburgh-based venture capital firms are still competing to win the remaining third of the $60 million in federal tobacco settlement funds the state has set aside for biotechnologydevelopment. Saturn CPP and Birchmere Capital told the board they plan […]
Entrepreneurs Make Pitches to Venture Capitalists at New York Forum
Jun. 6–Last year, Robert Thompson was all set to start selling movie posters for rapper Eminem’s “8 Mile.” The president of Motion Imaging Inc. in Farmingdale says he even lined up an investor topay for the production of the posters, […]