November 30, 1999 in Uncategorized

Shaking the Moneytree

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PWC (PricewaterhouseCoopers) had their quarterly "Shaking the Moneytree" event last week at ATDC.  During the event, Wes Getman reviews the venture capital activity for the past quarter and then two VCs speak about their funds and investment strategies.  This is what I learned:

For the 2nd Quarter of 2007…

  • It was the highest number of VC deals done nationally since Q3 2001
  • 21% of the money went to software
  • 17% went to bio
  • Georgia companies did 21 deals (9 were software companies) and raised $77M

The two VCs that spoke were both from Atlanta:

Jeffrey Muir from Fulcrum Ventures

  • They have over 45 CEOs and company owners as investors in their fund… so you are getting smart, experienced money
  • They invest in companies that have over $2M in revenue, are profitable (or close), and won’t need any more equity rounds
  • They make $1-4M investments

Ramsay Battin from Arcapita

  • Look for companies that have over $5M in revenue, don’t have to be profitable, will probably need follow-on funding
  • Invest $4-8M in each deal
  • Have a $200M fund

If you are a tech entrepreneur or investor, you should attend these events.  Email Kien and let him know you want to be on the invite list.

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