Archive for December, 2010

Tesla motors takes a significant hit

Tuesday, December 28th, 2010

Tesla Motors, previous hailed as a landmark automotive company because of it's grassroots beginnings, has suffered a significant hit to its company value, according to The Street. Tesla, which emerged as a venture capital-funded electric car company, watched as the value of its stock fell 13 percent on Monday morning. Investors were prohibited from selling [...]

Towns lacking small business funding will get more access to capital

Tuesday, December 28th, 2010

Entrepreneurs facing tougher access to small business lending will soon have an easier time, thanks to two new loan programs from the U.S. Small Business Administration. The two programs, titled the Small Loan Advantage and Community Advantage, will provide increased funding to entrepreneurs in underserved areas through 7(a) loans – the most frequently requested type [...]

Former Google employees find success with venture capital firm

Monday, December 27th, 2010

A former executive at Google is getting ready to raise $100 million in order to fund start up companies from around the country. Merus Capital, which was first established in 2007, plans to have the new dollars raised by early to mid-2011, Reuters reports. The venture capital firm, which was founded by former Google executives, [...]

Survey reveals expected VC trends in 2011

Monday, December 27th, 2010

A recent survey of venture capital fund leaders in the country revealed that the majority of firms plan to increase funding in the next year. The Wall Street Journal reports that a survey, conducted by the National Venture Capital Association and Dow Jones, found 64 percent of the 182 CEOs polled said that they would [...]

Boise-based tech company announces new round of VC funding

Monday, December 27th, 2010

An Idaho-based technology company has announced a new round of funding, thanks to a handful of new venture capitalists. The American Chronicle reports that CradlePoint Technology recently revealed that it received $7.5 million in venture capital thanks to VP firms including Venture Partners and Highway 12 Ventures. The funding represents the first round of Series [...]

Microsoft, SBA partner to provide entrepreneurs a tech edge

Monday, December 27th, 2010

Microsoft and the U.S. Small Business Administration recently partnered to create a free guide for entrepreneurs to improve their understanding and use of technology. The program, titled "Business Technology Simplified," is a guide to combining business and technology, with the goal of presenting entrepreneurs with a tangible edge over their competitors. The free guide can [...]

Zipcar gets new funding, adds heavyweights to board

Monday, December 27th, 2010

Zipcar, a Cambridge, Massachusetts, based hourly car rental service, announced it received $21 million in new venture capital funds, according to Bloomberg. In addition to the eight-figure deal, the company announced that it is adding AOL co-founder Steve Case and Staples chief financial officer John Mahoney to its board of directors. Both announcements come as [...]

Productivity-based incentives can get small business moving

Monday, December 27th, 2010

Entrepreneurs looking to get more out of their employee's may want to consider productivity-based incentives, writes Ken Sweet, executive director at GPS, a management consulting firm. Economic instability has left employers in difficult situations when it comes to improving employee compensation. Sweet states that productivity-based incentives will spark employee activity and create initiative to drive [...]

Harvard Business School classmates start successful clothing business

Sunday, December 26th, 2010

Two Harvard Business School graduates have found success by building an online shopping network with more than 3 million users. The Financial Times reports that Alexis Maybank, 35, and Alexandra Wilikis Wilson, 33, bypassed the normal process of creating a business plan and created a short presentation to investors. Mybank says that she and her [...]

Entrepreneur magazine reveals top small businesses in 2010

Sunday, December 26th, 2010

Two entrepreneurs are taking home big honors from one of the most popular small business magazines in the country, based on their success in 2010. Entrepreneur magazine unveiled the winners of its Entrepreneur of 2010 contest, which was sponsored by UPS. The business owners recognized included to take home the award was Daniel Lubetzky, founder [...]

DevonWay gets VC funding

Thursday, December 23rd, 2010

A technology company recently secured a new round of funding and the appointment of a Chief Operating officer, according to an announcement by the firm. DevonWay, which specializes in providing cloud computing technology to the nuclear power sector, said that it had received new funding from Crosslink Capital, a venture capital company based in San [...]

Incorporating can help save business owners money come tax time

Thursday, December 23rd, 2010

One of the best ways to obtain favorable tax advantages for businesses is by incorporating the company. There are a variety of options available for business owners with different tax implications for each. Writing for Business Insider, Deborah Sweeney, says that if business owners fail to incorporate their companies, the IRS will label it as [...]

End of the year at time for incoporation, expert says

Thursday, December 23rd, 2010

As 2011 comes to an end, many businesses are trying to tie up loose ends and look ahead to the new year. According to the CEO and co-founder of CorpNet, Nellie Akalp, entreprenuers that have formed an LLC for a previous venture should consider closing the defunct company before the start of 2011. In an [...]

Companies lose billions to IT outages

Thursday, December 23rd, 2010

New data from CA Technologies reveals that companies lose an average of $26.5 billion to IT system failures, driving down revenue by 29 percent. The survey examined the amount of reduced earning power during outages and the time it takes for companies to restore IT systems to normal capacity. Down time is measured by hardware [...]

Medical device supplier receives award, significant funding

Thursday, December 23rd, 2010

TearScience – a North Carolina-based edical device company – was recently awarded for its success when it landed $44.5 million in venture capital funding. The acquisition of this money led the company to receive the Southeast Deal of the Year Venture Capital Transaction Award from Southeast BIO – an association which promotes development in the [...]

Renewable energy firm lands nine-figure VC deal

Thursday, December 23rd, 2010

Don't tell Elevance Renewable Sciences that there are mixed feelings regarding biotechnology venture capital investments in 2011. The clean energy group, which specializes in household chemicals, lubricants and other fuels from renewable feedstock, was just award $100 million in Series C funding. A collection of four VC firms will allow Elevance to expand its operations [...]

Employee recruiting, hiring trends point upwards in 2011

Thursday, December 23rd, 2010

New data from AppleOne showed that 95 percent of small and medium-sized businesses will not decrease their hiring numbers over the next 18 months, as recruiting and hiring trends regain forward momentum in 2011. The survey revealed that 41 percent of respondents will increase their staff in 2011 – an 8 percent jump from a [...]

Venture capital to provide economic booster shot in 2011

Thursday, December 23rd, 2010

Venture capital investments will not only surpass this year's levels in 2011, they will be an intricate part of the national economy as VC CEOs hire more, earn more, and drive more revenue according to a new survey from Venture View. The data revealed that 51 percent of venture capital firms expect investments to increase [...]

LS9 gets funding from Black Rock

Wednesday, December 22nd, 2010

A fuel conversion company recently made headlines when it announced that it received funding from one of the most well known venture capital companies in the world. In a statement, LS9 announced that they had received $30 million in capital from BlackRock as it completes its latest round of funding. In addition to BlackRock, other [...]

Harvard announces to fund to help student start-ups

Wednesday, December 22nd, 2010

On Tuesday, Harvard Business School announced a $50,000 fund that will go toward 10 teams of students interested in building prototype models for their start-up businesses, Xconomy reports. The idea for the Minimum Viable Product Fund was pitched by three first-year students and funded by the Arthur Rock Center for Entrepreneurship. "For entrepreneurially-minded students at [...]