Venture & Innovation

Stories about local business ventures and innovation.

Updated July 21, 2009

Yap to help smartphone users jog their memories

Yap Memory Jogger developer picks Charlotte-based startup for voice-to-text conversion technology.

Updated July 15, 2009

Charlotte-based Frontier Capital sells stake in Peak 10

Peak 10 Nebraska-based McCarthy Capital buys minority stake in managed services and data hosting provider as part of a 'recapitalization.'

Updated July 16, 2009

'The sun will rise again,' VC firm Wakefield still in action, general partner says

Steve Nelson, right, and Mike Elliott of Noro-Moseley Contrary to rumors and speculation about a possible demise, Wakefield Group is open for business, Steve Nelson stresses. ‘Doing great, especially all things considered,’ he says. Wakefield recently made an exit from one investment, remains active in others.

July 13, 2009

Small Business Administration boosts venture funding available from SBIC program

SBA Small Business Investment Companies, which are privately held, have $17.4 billion under management and are licensed by SBA.

Updated July 13, 2009

Interactive marketing agency Definition 6 lands $15M investment

Michael Kogon Navigation Capital Partners signs on as new investor in Atlanta-based company that touts itself as largest independent net-focused agency in southeast.

July 13, 2009

Venture fund raising plunges in 2Q – Both in number of funds, value

 VC industry could be on track to raising lowest amount of money since 1997, latest NVCA and Thomson Reuters statistics show. Only $1.7 billion is raised by 25 funds in second quarter.

Updated July 14, 2009

Andreessen’s new venture capital firm acts like angels

Venture funding The Angel Connection: This new $300 million venture capital fund that looks, smells and walks like an angel fund. Andreessen Horowitz is focusing on the best entrepreneurs, products and technologies in the industry

Updated July 15, 2009

A sales executive’s story

Joe Harris Striving for, achieving trusted advisor status

Updated July 9, 2009

Venture fund raising drops to six-year low in first half of 2009

VC fund raising plummets All types of funds are affected as economic downturn and lack of exits hit venture industry hard. The "overall sector is struggling," says Dow Jones Private Equity Analyst.

Updated July 8, 2009

‘Streak’-ing is back at CED – for entrepreneurs

 CEOs of Axial Project, 3DMedia to make their pitches to panel of potential investors, entrepreneurs and service providers. The payoff: A critique of their pitches.