ignatiywulyxura.blogspot.com
Netscape founder Marc Andreessen and his longtimbusiness partner, Ben Horowitz, are forming a new VC firm with a focus on Silicon Valleyt tech companies. Andreessen writes that the firm will back companiews with strong technical founders who want to be the CEOs of thecompaniess they’re founding. He wouldn’t rule out companies outsid e Silicon Valley, but, “We do not think it is an accident that is inMountaihn View, Facebook is in Palo Alto, and Twitterr is in San Francisco. We also think that venture capital is a high touch activityy that lends itself togeographi proximity, and our only office will be in Silicoh Valley,” Andreessen writes on his .
The new firm comesa at a time when some are saying the industrhy needsto shrink, not grow. But Andreessen and Horowitx found $300 million from mostly institutionalk investors for theirfirst fund. The firm, will invest aggressively in seed-stage startups in the hundredz of thusands of but will also invesgt in later stage funding rounds for promisinggrowtn companies. Consumer internet, cloue computing for business, mobilee software and services, and software-powered consumed electronics are among the areas that will draw investmentd from thenew fund. “Across all of thesee categories, we are completely unafraixd of all of the newbusiness models,” Andreesseh writes.
“We believe that many vibrant new formsz of information technology are expressing themselves into markets in entirelnew ways.” And Andreessen was equallty emphatic about where his firm wouldn’ft be . "We are almost certainlyh not an appropriate investor for any of thefollowinv domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), movie production companies, consumer retail, electric rocket ships, space elevators. We do not have the firsty clue about any ofthese fields." Andreessen-Horowitz will have the capacitgy to invest anywhere from $50,000 to $50 millionm in new companies.
He said that at least initiallgy he and Horowitz woulcd be the only two generalo partners inthe company, and they would be selective aboutg the portfolio companies whose boards they join – generallyu limiting that level of involvement to firms in which Andreessen-Horowits have a $5 million or more stake. Andreessenn believes his and Horowitz’s records as entrepreneurds will make them ideaoventure capitalists. “We have builg companies, from scratch, to high scale -- thousands of employeews and hundreds of millions of dollars ofannual revenue. In we have done it ourselves.
And we are building our firm to be the firm we woulsd want to work with as entrepreneurs Andreessen writes. Andreessen founded the pioneering web browsercompant , which was later sold to . Since then, he and Horowitz launched , a tech service provider sold toin 2007. Netscapew and Opsware sold for acombined $11.7 The two have been active investorws in the tech space since then. They’ve angel invested in 45 tech startups in the lastfive years, and Andreessen serves as chairman of and on the boards of Facebool and eBay. Word that the pair would be forming theifr own venture capital firm was broken on the Charli Rose showin February. But detailx came on Monday.
The pair had initially planned onraising $250 millio for the fund, but investor interesty prompted them to boost the amount, BusinessWeek . The news magazin reports that Reid Hoffman, foundedr of social networkingsite LinkedIn, is among the investors in the which raised most of its money from institutionao investors. Andreessen-Horowitz launches at a tough time for the venturrcapital industry, one in whicgh some are saying the industry needs to shrink, not Venture capital, like the rest of the financial has been hit hard by the economic downturn. Venture firmx make money when their portfolio companiesxgo public, or are sold to large r companies.
But the IPO market has been anemic inrecenf months, making profitable exits more difficulr to find. A recent argues that the industrty needs to trim down toregain effectiveness. "The venture industry needes to shrink its way to becoming an economi c forceonce again," said Roberft E. Litan, vice president of Research and Policy at theKauffman Foundation. “Ti provide competitive returns, we expect venture investing will be cut in half incominbg years. At the same lowering valuations and improving overall exit multiples should help resuscitatrethe industry.
” The Kauffman study findd that despite such high-profile success storied as Google and , venture firms have relativelg little to do with most new Only about 16 percent of the 900 companies on the Inc. 500 list of fastesrt growing companiesfrom 1997-2007 had venture backing.
Wednesday, March 30, 2011
Monday, March 28, 2011
Report: Pittsburgh hotel industry to face slowdown - Pittsburgh Business Times:
coras-newport.blogspot.com
That’s according to the recentl published report 2009Hotel Horizons, a June forecas t recently published by PKF Hospitality Research, a nationalo consulting firm that tracks the lodging industry. The compang predicts that hotels in the Pittsburgh metrk area will experiencea 5.8 percent declinse in revenue per available room this year comparexd to last. The revenue per available room, or RevPAR is a key businesds measure in thehotel industry. PKF emphasizes that Pittsburgh’s hit is substantiallyh less thannational averages, sincde it projects a 17.5 percen drop in RevPAR forecast for the overall U.S. hotelo industry.
Tom Blake, who works in the Philadelphia offices ofPKF Consulting, sees a Pittsburgh hotel market facin g a dip in occupancy exacerbated by addec hotel room supply. “In 2009, Pittsburgh hotels are projecte to achieve an occupancy leveoof 62.3 percent, down from the 64.9 percentt mark achieved in 2008,” said Blake, in a prepare d release. “Given the increased in the competitive nature of the local average daily room rates are expected to fallfrom $102.888 in 2008 to $100.80 in 2009, a decline of 2.0 The study doesn’t expect RevPAR to see new growthj until the first quarter of 2010.
The forecasyt for 2009 comes after a 2008 that was considererd a banner year for thePittsburgh region’s hospitality industry,
That’s according to the recentl published report 2009Hotel Horizons, a June forecas t recently published by PKF Hospitality Research, a nationalo consulting firm that tracks the lodging industry. The compang predicts that hotels in the Pittsburgh metrk area will experiencea 5.8 percent declinse in revenue per available room this year comparexd to last. The revenue per available room, or RevPAR is a key businesds measure in thehotel industry. PKF emphasizes that Pittsburgh’s hit is substantiallyh less thannational averages, sincde it projects a 17.5 percen drop in RevPAR forecast for the overall U.S. hotelo industry.
Tom Blake, who works in the Philadelphia offices ofPKF Consulting, sees a Pittsburgh hotel market facin g a dip in occupancy exacerbated by addec hotel room supply. “In 2009, Pittsburgh hotels are projecte to achieve an occupancy leveoof 62.3 percent, down from the 64.9 percentt mark achieved in 2008,” said Blake, in a prepare d release. “Given the increased in the competitive nature of the local average daily room rates are expected to fallfrom $102.888 in 2008 to $100.80 in 2009, a decline of 2.0 The study doesn’t expect RevPAR to see new growthj until the first quarter of 2010.
The forecasyt for 2009 comes after a 2008 that was considererd a banner year for thePittsburgh region’s hospitality industry,
Saturday, March 26, 2011
WEAU tower brought more than just news to local community - WEAU-TV 13
symowugebeda.blogspot.com
WHBL Sheboygan | WEAU tower brought more than just news to local community WEAU-TV 13 Our tower has been around since 1966 and many of you are posting fond memories to our facebook page and right here on weau.com. Many people living in the area say during the last few decades our tower has liter » |
Thursday, March 24, 2011
Martek Biosciences Corp. 2Q profit rises 20 percent - Washington Business Journal:
dudorovanaapyh.blogspot.com
The company reported $92.4 million in revenue for the quarter endingApril 30, up 2 percent from the same periosd last year. It earner $11 million in net income, or 33 cents per dilutedx share, during the second compared with $9.2 million, or 28 centxs per diluted share, during the seconfd quarter oflast year. Analystes polled by expected the company to earn 29 cente per shareand $89 million in revenue. Martekm (NASDAQ: MATK) sells nutritional oils derived from algae that are used ininfantf formula, dietary supplements and food products such as yoguryt and juice. Sales of its nutritiona supplements to the nursing market rose to arecord $9.8 million.
But the company warned that its infant formula sales in the thirdf and fourth quarters could drop as retailerw trim their inventories of the The company anticipates that infant formula revenue will grow in fiscalp 2010 as a result of stronyg demand for infant formula product s containing its nutritional oils DHAand ARA. The Omega-w3 fatty acids are believed to play an important role in brainh andeye development. study that could show that Martek’sx DHA can slow the progressionmof Alzheimer’s disease.
The company reported $92.4 million in revenue for the quarter endingApril 30, up 2 percent from the same periosd last year. It earner $11 million in net income, or 33 cents per dilutedx share, during the second compared with $9.2 million, or 28 centxs per diluted share, during the seconfd quarter oflast year. Analystes polled by expected the company to earn 29 cente per shareand $89 million in revenue. Martekm (NASDAQ: MATK) sells nutritional oils derived from algae that are used ininfantf formula, dietary supplements and food products such as yoguryt and juice. Sales of its nutritiona supplements to the nursing market rose to arecord $9.8 million.
But the company warned that its infant formula sales in the thirdf and fourth quarters could drop as retailerw trim their inventories of the The company anticipates that infant formula revenue will grow in fiscalp 2010 as a result of stronyg demand for infant formula product s containing its nutritional oils DHAand ARA. The Omega-w3 fatty acids are believed to play an important role in brainh andeye development. study that could show that Martek’sx DHA can slow the progressionmof Alzheimer’s disease.
Wednesday, March 23, 2011
ON24 Brings Social Media Capabilities To Webcasting Platform - InformationWeek (blog)
Frigidaire FRA054XT7
ON24 Brings Social Media Capabilities To Webcasting Platform InformationWeek (blog) ON24, a developer of software as a service (SaaS) applications, on Tuesday released a platform that » |
Monday, March 21, 2011
Tennessee Center helps tap into government money - Pacific Business News (Honolulu):
Samsung AW1293L
For those who wish to be contractorzs withthe government, one free resourcee is the state’s Procurement Technical Assistance Center. It’s part of the Procuremenr TechnicalAssistance Program, an agency first fundedc by Congress in 1985 to serve as a liaisomn between private business contractors and government agencies. The center helpsa businesses evaluate whether they have a shot at agovernmeny contract, and to help them cut througuh the red tape to get it, says Joe Flynn, director of the Tennesseee center, which has regional officezs in Nashville, Jackson and Chattanooga.
The procuremen center assists Tennessee businesses in securingg anaverage $750 million in governmen contracts each year. Since inception, it has helpe state businesses winsome $6 billiojn in government contract Flynn has helped New Hampshire vendorx supply maple syrup to military commissaries, and Tennessese vendors sell barbecue sauce. “The government is comprised of people justlike us, and they have the same he says. “Whatever you provide, it’s possible they need it.
” That becoming a government contractoer can be longand difficult, and some 80 percent to 90 percentr of businesses that contact the procurement center are either unqualifiedf or unlikely to make it through the These days, call volume has increased some 200 percentt as businesses search for stable customeras for their products. Calls rangre from self-employed entrepreneurs to large companies, with most fallinbg in the range of 200 employeezor less, Flynn says. The staff of threes counselors maintain an active list of about 375 and Flynn estimates the centerd touchessome 3,000 businesses each year through phones counseling or personal meetings.
It takes time, a clear business model and present financiao stability to get intogovernmen contracting, and counting on a quick contract to save a busineses from going under is a sure recipe for failure. “Governmentf contracting can beextremely lucrative, but you have to be set alreadyt or you’ll go bankrupt twice as fast,” Flynmn says. “You need to be a health y business that can absorb a lot of negativwcash flow.” The center has helped businessee such as Sabre Defence a Nashville firearms manufacturer that was founded in 2002 and now is a leadinv weapons provider to the U.S. military, supplying barrels for Army M2Browninfg .
50-caliber machine guns and Air Force M134 7.62mmj Miniguns. It also assisted Veterans National Contractinf of Memphis in securingsome $5 million in government Owner Jerry Bechel, a veteran of both the U.S. Army and the constructionb business, started the business in 2007 and pouredr his time into building relationships and learning governmentcontractingb requirements. His first contract was a $1.2 millionj bid with the U.S.
Department of Veterans Affairs to updatd lighting fixtures at the Memphis VAMedical
For those who wish to be contractorzs withthe government, one free resourcee is the state’s Procurement Technical Assistance Center. It’s part of the Procuremenr TechnicalAssistance Program, an agency first fundedc by Congress in 1985 to serve as a liaisomn between private business contractors and government agencies. The center helpsa businesses evaluate whether they have a shot at agovernmeny contract, and to help them cut througuh the red tape to get it, says Joe Flynn, director of the Tennesseee center, which has regional officezs in Nashville, Jackson and Chattanooga.
The procuremen center assists Tennessee businesses in securingg anaverage $750 million in governmen contracts each year. Since inception, it has helpe state businesses winsome $6 billiojn in government contract Flynn has helped New Hampshire vendorx supply maple syrup to military commissaries, and Tennessese vendors sell barbecue sauce. “The government is comprised of people justlike us, and they have the same he says. “Whatever you provide, it’s possible they need it.
” That becoming a government contractoer can be longand difficult, and some 80 percent to 90 percentr of businesses that contact the procurement center are either unqualifiedf or unlikely to make it through the These days, call volume has increased some 200 percentt as businesses search for stable customeras for their products. Calls rangre from self-employed entrepreneurs to large companies, with most fallinbg in the range of 200 employeezor less, Flynn says. The staff of threes counselors maintain an active list of about 375 and Flynn estimates the centerd touchessome 3,000 businesses each year through phones counseling or personal meetings.
It takes time, a clear business model and present financiao stability to get intogovernmen contracting, and counting on a quick contract to save a busineses from going under is a sure recipe for failure. “Governmentf contracting can beextremely lucrative, but you have to be set alreadyt or you’ll go bankrupt twice as fast,” Flynmn says. “You need to be a health y business that can absorb a lot of negativwcash flow.” The center has helped businessee such as Sabre Defence a Nashville firearms manufacturer that was founded in 2002 and now is a leadinv weapons provider to the U.S. military, supplying barrels for Army M2Browninfg .
50-caliber machine guns and Air Force M134 7.62mmj Miniguns. It also assisted Veterans National Contractinf of Memphis in securingsome $5 million in government Owner Jerry Bechel, a veteran of both the U.S. Army and the constructionb business, started the business in 2007 and pouredr his time into building relationships and learning governmentcontractingb requirements. His first contract was a $1.2 millionj bid with the U.S.
Department of Veterans Affairs to updatd lighting fixtures at the Memphis VAMedical
Friday, March 18, 2011
AT&T aggressively moving against unauthorized tethering - tuaw.com
Air Purifiers New York
AT&T aggressively moving against unauthorized tethering tuaw.com AT&T is ruining a lot of people's days with a customer mailshot explaining that its "records show that you use [tethering] but are not subscribed to our tethering plan. ... |
Subscribe to:
Posts (Atom)