Idea Flow

Recently, I’ve been hearing a lot about how the VC model is dead, and the venture capital industry is drying up. This is justified by the lack of conventional exits and liquidity events, meaning the venture capital funds can’t return cash to their investors. While we have clearly been going through a flat spot in IPOs, and the world of acquirers is reduced, I’m not sure that implies the industry is dead. I think its just . . .
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“VCs Opened Their Wallets Wider In 2Q, But It’s All Relative”

Randy Hawks, interviewed by reporter Tomio Geron for this article in the Wall Street Journal who believes that investors are more positive today. While many investors say they still invest at the same pace during a downturn, investor psychology is a factor, and it has improved recently, said Randy Hawks, managing director at Claremont Creek Ventures. “Maybe there’s been some lubrication because everyone feels more confident about the exit environment,” Hawks said. . . .
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ShotSpotter hires Ralph Clark–man of action

Ralph Clark, the new CEO of one of my portfolio companies, security startup ShotSpotter, is a great fit for this already successful company. In a presentation at the company last week, he showed that he is the right man for the job. As he was talking to the employees, he told them that he took the CEO position given his deep affinity for community, and he finds it both in Oakland, . . .
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Robotic knee developer Tibion raises $3M

July 13, 2010 source: VentureBeat Tibion Bionic Technologies, a startup that develops orthopedic devices to help patients regain mobility, has closed a $3 million round of equity, according to a filing with the SEC. The company’s knee technologies can be used during physical therapy to help patients dealing with a stroke, multiple sclerosis, Parkinson’s disease or other traumas. Tibion, which is based at NASA Research Park in Moffett Field, Calif., is . . .
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Andy Grove Misfires: Challenging His Argument About Job Creation

Andy Grove takes Thomas Friedman, a columnist for the New York Times to task in Grove’s recent Business Week article “How America Creates Jobs”. Andy Grove argues that Friedman is wrong in claiming in his column that “if Washington wants to create jobs it should back startups”. Grove states that startups are wonderful things, but cannot increase tech employment by themselves. He argues that it is the expansion stage of a . . .
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EcoFactor launches first commercial service in Texas

July 8, 2010 source CNET Green Tech ‘Smart’ thermostats to get test run in Texas A thermostat technology that’s intended to significantly reduce energy bills is about to become available for use in actual homes.

EcoFactor, the developer of a software platform for a two-way “smart” thermostat, announced Thursday its dynamic system for regulating home heating, ventilating, and air conditioning (HVAC) systems will be offered through a pilot project in the . . .
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