We can learn some lessons from George Bailey's morality taleSaturday, March 6, 2010 @ 6:14PMMuch as the British are treated to The Sound of Music on television every Christmas, we Americans get It's a Wonderful Life. It stars the American icon and all-round good guy Jimmy Stewart playing George Bailey, a dedicated, honest banker. George's bank faces a run based on a rumour – spread by the movie's bad guy – that his bank is insolvent.
Weekend Rounds: Cleveland HeartLab raises $3M to expand outside OhioSaturday, March 6, 2010 @ 4:36PMHere are some of the top stories at MedCity News this week: • Cleveland Clinic spinoff Cleveland HeartLab completed a $3 million fundraising round, and named its executives and advisers. The clinical reference laboratory specializing in next-generation cardiovascular disease prevention, diagnosis and management will use the investment to expand sales and marketing efforts outside of Northeast ...
More angel investors supporting start-upsFriday, March 5, 2010 @ 10:17AMAngel investment in young companies grew 72 per cent year-on-year last year, indicating strong support for entrepreneurial start-ups.
OurStage, MTV to shine light on new musicFriday, March 5, 2010 @ 9:51AMChelmsford-based OurStage Inc. reports it has partnered with MTV Networks Co., with the startup providing its voting platform for emerging musical acts.
Saladax Biomedical announces closing of $8.4M Series C Preferred offeringFriday, March 5, 2010 @ 7:39AMSaladax Biomedical, Inc. announced today the close of an $8.4 million Series C Preferred offering led by Excel Venture Management of Boston. Participants included Golden Seeds LLC, Ben Franklin Technology Partners, and the Life Sciences Greenhouse of Central Pennsylvania, as well as a number of angel investors. The funding will be used to accelerate product development and expand clinical ...
Saladax Biomedical Closes $8 Million Series C FinancingFriday, March 5, 2010 @ 7:00AMBETHLEHEM, Pa.----Saladax Biomedical, Inc. announced today the close of an $8.4 million Series C Preferred offering led by Excel Venture Management of Boston. Participants included Golden Seeds LLC, Ben Franklin Technology Partners, and the Life Sciences Greenhouse of Central Pennsylvania, as well as a number of angel investors.
IRW-Press: Miranda Gold Corp: Miranda Gold´S 2010 Joint Venture UpdateFriday, March 5, 2010 @ 2:19AMMiranda Gold Corp. (“Miranda”) (TSX-V: MAD) announces its 2010 exploration plans on projects currently under Exploration Funding Agreements. Miranda expects drilling on at least four of its projects and exploration expenditures of US$2.8 million funded by its partners.
Biz bites - Entrepreneurial Idol comes to IdahoThursday, March 4, 2010 @ 11:15PMMagic Bowl under new ownership: Michael Weems, Ruthie Weems andMichael Jr. Weems, who have owned and operated bowling alleys inBellevue and Shoshone for more than 30 years, have bought MagicBowl on 340 Second Ave. E. in Twin Falls.
Sensex regains 17k-level on FII buy, global cuesWednesday, March 3, 2010 @ 4:10PMForeign Institutional Investors continued their shopping spree on Wednesday running up a bill of nearly Rs 3,500 crore that sent the Sensex soaring to the 17,000 mark, close to its...
Angels invest nearly $50 million in 2009Wednesday, March 3, 2010 @ 2:49PMMore than $50 million was invested by angel investors into 63 young companies in 2009 – a 72 percent increase on the previous 12 month record of $29 million invested in 2008, based on data collected by Young Company Finance.
Sensex retraces 17000-markWednesday, March 3, 2010 @ 2:47PMMUMBAI:The Bombay Stock Exchange benchmark index, Sensex, on Wednesday regained the psychological 17000-mark after six weeks by ratcheting up 227 points on hectic buying by foreign funds across counters, stretching the budget rally to the third day.
Pedal Brain: the future of digital health care?Wednesday, March 3, 2010 @ 1:30PMMINNEAPOLIS, Minnesota– Despite its name, Pedal Brain LLC’s ambitions far exceed mere bicycles. In fact, just replace “Pedal” with “Health” and you start to better understand what this angel-backed start-up wants to do.
Valley VCs Push for Startup Visa ActWednesday, March 3, 2010 @ 12:36PMLegislation would modify the existing EB-5 visa to allow job-creating entrepreneurs to immigrate to the U.S. The bill requires each entrepreneur to have a sponsoring U.S. venture capital or angel investor who will invest at least $100,000 in the startup, and total funds raised must be at least $250,000 per company.
Flying With An Angel InvestorTuesday, February 23, 2010 @ 2:36PMThe landscape for financing early stage companies continues to evolve as does the rest of our economic system.
New Study Examines Recent Changes to U.S. Market Structure and the Impact on InvestorsTuesday, February 23, 2010 @ 1:00PMKnight Capital Group, Inc. , today announced the release of "Equity Trading in the 21st Century," a study that examines the impact of recent innovations in the U.S. market structure, the measurable dimensions of market quality and the effect these changes have had on both institutional and retail investors.
Dexrex Gear Secures $1 million in Private FundingTuesday, February 23, 2010 @ 12:50PMNEWTON, Mass.----Dexrex Gear, a leading developer of cloud-based enterprise data management solutions for businesses mobile text and instant message communications, has secured $1M of private investment.
EntreDot offers free mentoringTuesday, February 23, 2010 @ 12:35PMA local group of veteran business executives and entrepreneurs have banded together to form a non-profit organization dedicated to mentoring entrepreneurs in rural North Carolina.
University of Michigan Wolverine Venture Fund Celebrates Fourth Portfolio Company ExitTuesday, February 23, 2010 @ 9:00AMThe Wolverine Venture Fund , part of the University of Michigan's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Ross School of Business, today announced another exit for one of its portfolio companies, Mobius Microsystems. Â A leader in precision all-silicon oscillator technology, Mobius Microsystems was acquired by IDT , a leading provider of essential mixed signal ...
New Credit Card Laws: Why Your 'Jaw Will Drop' When You See Your Next StatementTuesday, February 23, 2010 @ 7:18AMWhat's Your Reaction? "Jaws will drop," said David Robertson, publisher of The Nilson Report, a newsletter that tracks the industry. "I don't doubt for a nanosecond that it's going to give a lot of people a sinking feeling in their stomachs."
Thin trade likely in Budget run-upSunday, February 21, 2010 @ 4:11PMTrading may be muted this week, as investors wait for finance minister Pranab Mukherjee’s Budget on Friday as the benign global liquidity factors begin to disappear slowly with the economic recovery.
Higher rates, fees arrive with new credit card lawSunday, February 21, 2010 @ 3:35PMNow, thanks to a long-awaited law that goes into effect Monday, you'll know that if you pay the minimum on a $3,000 balance with a 14 percent interest rate, it could take you 10 years to pay off.
Mixed blessing: Credit card reform may shock someSunday, February 21, 2010 @ 2:01PMYour next credit card statement is going to contain an ugly truth: how much that card really costs to use. "Jaws will drop," said David Robertson, publisher of The Nilson Report, a newsletter that tracks the industry.
Angel Network Matches Entrepreneurs, InvestorsSunday, February 21, 2010 @ 1:06PMThe newly formed West Virginia Angel Network will help people with good ideas and solid business plans connect with people who can fund the businesses.
News In KansasWednesday, February 17, 2010 @ 10:55AMFarm equipment maker Deere e its first-quarter earnings report and give investors another chance to check the strength of the global economy. The Moline, Ill.,-based company plans to release its earnings report Wednesday morning before the markets open.
Wall Street gains on earnings, economic optimismWednesday, February 17, 2010 @ 10:35AMNEW YORK – Stocks rose on Tuesday as the latest batch of earnings and regional manufacturing data brightened the economic outlook and enticed investors back into equities. Shares related to U.S. do...
Angel investors add green to Chicago pasturesWednesday, February 17, 2010 @ 10:13AMIn a bid to keep entrepreneurs from leaving town for better opportunities, Hyde Park Angels are investing in businesses As three young entrepreneurs took turns pitching what they hoped would be the next big idea, the Hyde Park Angels — some of the city's most successful businessmen and women — were ready with a thumbs up or thumbs down.
Liberals Continue to Push for Financial Transaction TaxWednesday, February 17, 2010 @ 9:40AMby Ronald D. Orol WASHINGTON - As policymakers in the U.S. and Europe contemplate mechanisms to ward off another economic near-collapse, one idea is gaining traction among liberals at the same time as it is infuriating conservatives: a financial transactions tax. read more
Symplified CEO to Discuss Cloud Security Myths at Pacific Crest Securities Emerging Technology SummitWednesday, February 17, 2010 @ 8:05AM----Symplified WHO: Eric Olden, founder and CEO of Symplified, the Cloud Security Company. Mr. Olden is a serial entrepreneur, and an expert on identity and access management. He holds US Patent #6,460,141 for his pioneering designs for Web identity, and co-authored the AuthXML specification, which served as the foundation for the SAML identity federation standard.
Bu$ine$$ BriefWednesday, February 17, 2010 @ 8:03AMDeFazio Communications signs two new accounts
SesameVault.com Online Video Platform for Sale on eBayWednesday, February 17, 2010 @ 8:00AMOpen Box Technologies, Inc. today announced that it is selling itself, including its SesameVault product via a public eBay auction. SesameVault is an online video platform used by small- and medium-sized businesses to store, manage, and publish video to the web and mobile devices.
Wall Street Returns, Closing HigherWednesday, February 17, 2010 @ 4:46AMStocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from the drug maker Merck and positive regional manufacturing data instilled confidence in the economic outlook.
Go Home Gorgeous adds hospitals, investorsMonday, February 15, 2010 @ 2:42PMGo Home Gorgeous is growing and expects to keep on expanding. The Edina-based provider of luxury massages and other post-partum relief for new mothers has added its in-hospital services this month at St. Joseph’s, St. John’s and United hospitals in St. Paul.
Bharti stock tanks on Zain takeover worriesMonday, February 15, 2010 @ 1:02PMThe Bharti Airtel stock today fell 9.22 per cent to close at Rs 285.40 as investors deemed the $10.7 billion valuation the company has set to acquire Zain Telecom as too high.
TagMan Closes $1.3 Million First-Round InvestmentMonday, February 15, 2010 @ 11:05AMNEW YORK, NY--(Marketwire - 02/15/10) - TagMan, the one-tag/pixel solution to the problems of online campaign tracking, today announced it has closed a first-round of external financing led by Cambridge Angels and the London Business School E100. Cambridge Angels investors include John Taysom, whose early stage internet investments include Advertising.com, Yahoo!, Forbes.com and infoseek and ...
TagMan Raises $1.3 Million For Online Ad Campaign TrackingMonday, February 15, 2010 @ 11:02AMTagMan, a London-based startup that helps advertisers track the performance of their online campaigns, has raised $1.3 million in a first round of funding led by Cambridge Angels and the London Business School's angel investor network; several existing employee investors also participated in the round.
Australia must streamline to cash in on Asia: OECDMonday, February 15, 2010 @ 9:09AMAustralia must streamline its regulatory framework and lift productivity to cash in on Asia’s strong rebound, an Organization for Economic Cooperation and Development (OECD) report said yesterday.
Nigeria : Time to Rethink Fuel SubsidyMonday, February 15, 2010 @ 9:04AMLagos — Yes, you heard me right: the time has come to rethink fuel subsidy. All my life I have argued in favour of fuel subsidy, but now I am shifting my position.
Indian Stocks Decline as Inflation Quickens; State Bank FallsMonday, February 15, 2010 @ 5:36AMFeb. 15 (Bloomberg) -- India’s benchmark stock index declined after inflation accelerated at the fastest pace in 15 months, putting pressure on the government to withdraw fiscal and monetary stimulus.
Insights and Opinions: Money comes smart or dumb. Find smart.Wednesday, February 10, 2010 @ 2:23PMFor our Insights and Opinions section today, Dave Berkus, an angel investor, sums up why -- even for an angel backed firm-- taking venture capital makes a lot of sense. This statement could be considered controversial. We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. Now we explore the other side of that coin ...
LearnVest Partners with GirlsGuideTo to Help Women Everywhere Take Control of Their FinancesWednesday, February 10, 2010 @ 1:47PMNEW YORK----LearnVest , an award-winning personal finance website for women, today announced that it has joined forces with GirlsGuideTo in a partnership that will help GirlsGuideTo’s community of over 140,000 women gain control of their finances.
India stocks decline on stimulus exit fears; rupee risesWednesday, February 10, 2010 @ 1:33PMBloomberg/Mumbai Indian stocks fell for the first day in four yesterday on concern the government may withdraw stimulus to spur the economy as its expansion gathers pace.
The Echo Nest and Thumbplay Partner for Music Discovery FeaturesWednesday, February 10, 2010 @ 10:00AMThe Echo Nest, a music intelligence platform that helps developers make online music smarter, announced today that it is enabling advanced music discovery for the new Thumbplay Music service. Â The Echo Nest is powered by the world's first machine learning system for music that actually reads about music and listens to music everywhere on the web.
Wisconsin radiopharmaceuticals company Cellectar raises $2.7M for cancer treatmentsWednesday, February 10, 2010 @ 9:55AMMADISON, Wisconsin -- Cellectar Inc. has raised $2.7 million for its radiopharmaceutical technology that treats and detects a variety of cancers, according to a Securities and Exchange Commission filing. Cellectar's lead compound, called CLR1404, is currently in Phase 1 clinical trials for cancer treatment. The molecule has been accepted and retained in 45 types of solid cancerous tumors ...