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BA.net feedsburner VentureCapital News 23/06/2008

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Venture Capital

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Venture Capital bloggers have a uniquely targeted audience of entrepreneurs interested in what they have to say. These Venture Capitalists write about technology, entrepreneurship, investing, the computer industry, and their random exploits.

en-usFeedBurner Networks http://www.feedburner.comMon, 23 Jun 2008 04:35:23 -0500442092http://www.feedburner.comThis is the spliced feed for "Venture Capital". Add this to your news reader to receive updates about the network.

Trends For Jobs [A VC]

read moreVenture Capital and TechnologyFredMon, 23 Jun 2008 04:35:23 -0500

I posted the other day about Google Trends For Websites. Google isn't the only search company that's taking the data it collects and turning it into valuable insight. Our portfolio company, Indeed, has launched Job Analytics. Here's their blog post announcing the availability of the service. RIght now, you have to contact Indeed (contact information is on their blog post) to get your company's job analytics.

Here's what your report will look like.

Companyanalytics

Recruiting is important business for every company and the web is transforming how a company finds and attracts employees. Indeed Job Analytics can help you understand what you are doing right and what you can do better.

I posted the other day about Google Trends For Websites. Google isn't the only search company that's taking the data it collects and turning it into valuable insight. Our portfolio company, Indeed, has launched Job Analytics. Here's their blog post...

Links for 2008-06-22 [del.icio.us] [localglo.be]

read moreMon, 23 Jun 2008 00:00:00 -0500

Links for 2008-06-22 [del.icio.us] [localglo.be]

read moreMon, 23 Jun 2008 00:00:00 -0500

Rough Ride Ahead: Buckle Up & Get Your Money Now (if you can) [VC Confidential]

read moreFundraisingmbmccallSun, 22 Jun 2008 23:56:27 -0500

"Thus far in the second quarter of this year, there have been NO venture-backed IPOs.  There has never been a quarter where this situation has occurred (since NVCA has been tracking such data). "
  -- NVCA Mailing

I am pronouncing this cycle official dead at Q2, 2008. We have a general VC cycle that lasts 7-8 years and whose downturn generally lags the public markets buy 6-9 months. With the credit crunch hitting in Q3 of 2007, I was expecting things to turn sharply in our business in Q1-Q2 of 2008. Just in the past month, term sheets seem to be disappearing and valuation dropping rapidly as firms begin to dig in. Groups that have been Lone Wolves for the past couple of years are suddenly looking to syndicate. Yes, things are about to get ugly for the next 2-3 years so brace yourself.

If you are close on terms with an investor, do what you need to get it closed now. If you have access to capital, draw it down and don't touch it as it may need to last a while. If you have a high burn rate, you had best start aggressively cutting it now. If you are going into this cycle burning $1m/mo, you will have no ownership left by the time the cycle turns up and if you are burning more than $500k/mo, your cap structure is going to take a hit if things turn out as badly as I fear. In these kinds of times, breakeven is great (wait out the competition) and $100-200k/mo burn is manageable.

Ad rates are starting to fall so expect the carnage to start piling up in the coming year in the "ad-based model" world. The cycle is coming around and I don't think rate cuts are going to holds things off much longer. I hope that I am being Peter (and the Wolf) and not Cassandra here!

Patient has flatlined Q2...

"Thus far in the second quarter of this year, there have been NO venture-backed IPOs. There has never been a quarter where this situation has occurred (since NVCA has been tracking such data). " -- NVCA Mailing I am pronouncing...

Two-Minute Pitch Competition Yields Two Startups To Watch, in Internet and Energy [Xconomy Venture Capital Feed]

read moreNational blog mainSeattleSeattle blog mainentrepreneursstartupsnetworkingeventscompetitionsLivePitchPitchingInvestorsVCVenture Capitalangel investingInternetenergyMarketOutsiderElektronovaUW TechTransferAlliance of AngelsAtlas RecruitingNorthwest Keiretsu ForumActiveWordsJim RobertsBuzz BruggemanFundingUniverseCarolynn DuncanGregory T. HuangSun, 22 Jun 2008 23:02:23 -0500 Gregory T. Huang wrote:

“Anyone know any investor jokes?” asks Carolynn Duncan of FundingUniverse. A pause, then someone on the side of the stage shouts “Yahoo!”

We’re at Seattle LivePitch, in the Youngstown Cultural Arts Center in West Seattle, on a sunny Friday afternoon. (On the way over, I got my first look at the snow-capped Olympic Mountains—awesome.) Hosted by FundingUniverse, a Utah-based site that connects startups and investors (and has recently expanded to the Northwest), the event gives 14 entrepreneurs two minutes each to pitch their startup to a panel of judges and the audience. But it’s not an investor forum or a fundraising event. “The point is to get the community together, for entrepreneurs to pitch in a safe environment and practice taking questions, so we can give them feedback,” says Duncan.

The judges were selected from the local innovation community: Rebecca Lovell from Alliance of Angels, Jim Roberts of UW Tech Transfer, Buzz Bruggeman of ActiveWords, Nathan Kaiser of nPost.com (a resource site for entrepreneurs), Todd Dean of the Northwest Keiretsu Forum (angel network), Tom Ryan of Atlas Recruiting (angel investing meets recruiting) and John Kauffman of law firm Stoel Rives.

The panel of judges was lined up on stage, and the house lights dimmed as we were given the “five rules of LivePitch”—making it feel like a cross between a spelling bee and “Fight Club.” Most of the rules were self-evident (don’t monopolize an entrant during networking time, don’t sell your services). And we, the audience members, would help determine the winner by each “investing” in two entrepreneurs after the session—whomever we thought had the best pitches.

One by one, the 14 entrants came up to the stage. Their pitches were all over the map in terms of tech sector, revenue model, target customer, style, and grace. The ideas ranged from conventional (Lilipip, a filtered YouTube for kids on mobile devices) to different (Sports 4E, automating management of sports leagues) to downright random (Robber Dotter, bringing Swedish bands to market in the U.S.—the founder claimed to be fluent in Swedish, but I would need Erik, our visiting journalism fellow back in Boston, to tell if she was pulling a John Candy in “Splash”).

In the end, I voted for Bryce Baril’s MarketOutsider and Lawrence Winnerman’s Elektronova. Baril’s site acts like a “robotic financial analyst,” he says, by scouring the Web for articles about a given company and automatically rating whether the news is positive or negative. Winnerman’s company sells networked sensor “plugs” for appliances (primarily refrigerators) that monitor electricity usage and could eventually save households 10 percent on their electric bill, he says. Both gave polished pitches and responded well to questions, which came rapid-fire from both the audience and the panel: How do you reach your users? What’s the market opportunity? How does your product compare to X, Y, and Z? What’s the expected return on investment in five years?

In the end, Elektronova came in number one in both the judges’ and the audience voting, while MarketOutsider came in number two. I was slightly disappointed—I was hoping to be different from the pack. Ultimately, MarketOutsider appealed to both my artificial-intelligence side and my interest in media, while Elektronova had a certain charm I can’t quite put my finger on… but I guess it electrified everyone else too.


UNDERWRITERS AND PARTNERS

“Anyone know any investor jokes?” asks Carolynn Duncan of FundingUniverse. A pause, then someone on the side of the stage shouts “Yahoo!” We’re at Seattle LivePitch, in the Youngstown Cultural Arts Center in West Seattle, on a sunny Friday afternoon. (On the way over, I got my first look at the snow-capped Olympic Mountains—awesome.) Hosted by [...]

/feed/

Go East, Young Man, Way East [Xconomy Venture Capital Feed]

read moreBostonBoston XconNational XconSeattle XconVCCompetitivenessinnovationMichael A. GreeleySun, 22 Jun 2008 23:01:07 -0500 Michael A. Greeley wrote:

So to bastardize an expression of one of my forefathers, Horace Greeley, everyone should at some point in the near future “go (to the) Far East.” I am traveling through the region as I write this and am constantly amazed by the vitality and energy in all of my meetings. This enthusiasm is present even in the face of what are clearly signs of turbulent economic times ahead.

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