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Chutes & Ladders
If you own a growing company, in economic times like this it is justifiable to ask oneself if it is time to fold up the tent and go home. For many entrepreneurs it feels like a game of Chutes & Ladders. It is no fault of their own, just the roll of the dice, that sets them back toward square one.
It’s in these circumstances one has to tally up the good to successfully negotiate the bad. Here is some good news to help mitigate the relentless bad and help business owners grab onto the ladder and let the chutes pass by:
Venture Funds Raise Money: According to the National Venture Capital Association and Thomson Reuters, 40 venture funds raised $4.3 billion in the first quarter of 2009. That is the smallest number of venture funds raised since the third quarter of 2003, they reported, leaving one with a tinge of dismay. But still, it ain’t chunk change and given the dour news washing over us every day, it is quite astonishing. In fact, divvied -up, it amounts to approximately $5 million for 8000 companies.
East Coast Companies Raise Money: Here are some east coast companies which have recently raised money: DoubleVerify, NYC; FinAnalytica, NYC, Greenbytes, Ashaway, Rhode Island; ConnectEDU, Boston; EveryZing, Cambridge, Mass.; VKernal, Portmouth, N.H.; Casenet, Bedford, Mass.; Kalido, Burlington, Mass.; SeeWhy, Andover, Mass.; Zendesk, Boston, Mass.; Azuki Systems, Acton, Mass.; Viximo, Cambridge, Mass.; Active Endpoints, Waltham, Mass.; DemandWare, Woburn, Mass.
Venture Funds Making Investments: Blumberg Capital, First Round Capital, Genacast Ventures, Fairhaven Capital, General Catalyst Partners, Accel Partners, BBN Technologies, North Bridge Venture Partners, Sigma Partners.
Companies Featured in this Issue, Which Have Hired Personnel: Ameritox, Blueridge Analystics Inc., BioEnergy International LLC, Carousel Industries, CheckM8, DigitalSmiths, GMZ Energy, Halo Pharmaceutical, ION Media Networks, JAZD Markets, Kayak Inc., Lantheus, Travel Ad Network, Simulmedia Inc., VBrick Systems Inc., Zafgen Inc.
Companies Hiring: For East Coast companies which are hiring, visit: Jobs
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About Janet Stites' Talent Pool News [east]
Talent Pool News [east] is an online journal covering Executive-level talent at east coast emerging growth companies. The publication systematically tracks the comings and goings of CEOs, COOs, CFOs etc. at start-ups and venture backed firms, as they help create the next generation of Fortune 1000 companies. What?™s more, it facilitates a community among what has historically been an under-the-radar group of men and women. Primary coverage includes start-up firms in Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, New York, New Jersey, Pennsylvania, Virginia, West Virginia, Kentucky, Tennessee, North Carolina, South Carolina, Georgia, Alabama, Mississippi and Florida.
Columns include Executive Hires, Boardroom Appointments, Executive Close-up, VC Profile, Funding, and Boardroom Briefs. Talent Pool News [east] is the brainchild of Janet Stites, long-time science, technology and business journalist, and co-founder of New York-based AlleyCat News magazine.
About Janet Stites
Janet Stites has worked as a science, technology and business writer and publisher for twenty years. Best known in the New York City-area for her work as founder and publisher of tech/finance magazine AlleyCat News, Stites has most recently worked as a freelance writer for publications such as Portfolio Magazine, AllBusiness.com, Fortune Small Business and the Bulletin of the Santa Fe Institute and researcher and consultant in business development, sales, marketing and communications, for clients such as Business Development Institute, Deloitte & Touche, North Fork Bank, and Geller & Company.
In the late eighties, she was founding publisher, editor and part-owner of the telecommunications trade magazine, PHONE+. Later she worked as a science writer for OMNI Magazine and the Santa Fe Institute. In 1994, she served as editorial director for Jupiter Communications managing newsletter, research reports and conferences. In 1995, she launched one of the first consumer online newsletters NetGuide Now!, a weekly electronic newsletter published by CMP's NetGuide Magazine.
She has written for the Pricewaterhouse Technology Forecast and has been a frequent guest on CNNfn. She has been profiled in Fortune, Folio, CyberTimes (owned by The New York Times), Worth and more. She served on Mayor Guiliani's New Media Task Force, was a founding member of the New York-based Women in New Media, and has twice been a judge for Ernst & Young's Entrepreneur of the Year" award's program.
Talent Pool News [east] is owned by Lede Media LLC.
Copyright 2008, Janet Stites, Lede Media LLC
Who's Who at Talent Pool News [east]
Publisher & Editor: Janet Stites
Web Master: Tony Chen
Concept Design: Ellen O'Malley
Art Director: Tuan Yeun
Business Strategy Consultant: Cynthia Hollen, Hollen Inc.
Editorial Consultant: Joe D'Agnese
Comic Relief: Sam Stites
Photo credit for picture of Janet Stites: Davide Butson-Fiori
Send press releases to: Editor
For Sponsorship/Advertising Info: Sales
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