I was struck recently by a piece in The Wall Street Journal by Pui-Wing Tam, The $1 Billion Club Gets Crowded, which highlights the amusing rate at which closely held, private US companies in the social media sector are garnering $1 billion-plus valuations. With 20 companies already fetching a 10-figure price tag— 15 of them since the beginning of last year— the bubble has swelled quickly. Even during the dot-com boom of . . .
→ Read full post: Me-too, In-Fashion Investing Fueling A Social Media Bubble
On Wednesday May 16 I will be presenting at the iMedicine & Mobile Life Sciences World Summit concerning smartphones as the next frontier in medical imaging, telemedicine and EMRs. I am presenting with Tobin Arthur of Cureus. Cureus is revolutionizing medical publishing and is founded by John Adler, a famous neurosurgeon at Stanford. Physicians today use their smartphones 5 times a day on average and these smartphones are another form of clinical decision . . .
→ Read full post: Smartphones as the Next Frontier in Medical Imaging, EMRs and Telemedicine
Moshe Alafi will be presented with the Lifetime Achievement in Entrepreneurship Award for 2012 by the Lester Center for Entrepreneurship at the Haas School of Business, University of California Berkeley on Tuesday, March 20th. Moshe has been a mentor to me and Claremont Creek Ventures is proud to be a sponsor of this event.
You may register to join us on March 20, 2012. The award dinner will take place at . . .
→ Read full post: Moshe Alafi honored with the Lifetime Achievement in Entrepreneurship Award for 2012
March 7, 2012 source: Angel Capital Association (ACA)
AssureRx Health, Inc. Receives 2012 ACA Luis Villalobos Award for Innovation
Angel Capital Association Recognizes Company For Industry-leading Personalized Medicine Solution
Hats off to one of my portfolio companies, AssureRx today received the the 2012 Luis Villalobos Award from the Angel Capital Association (ACA), the trade association of leading angel investment groups in North America. This award recognizes the most ingenious . . .
→ Read full post: Claremont Creek Ventures portfolio company AssureRx Health wins award for innovation
On February 22, I had the pleasure of speaking with Douglas Crawford, the associate director of QB3 the California Institute for Quantitative Biosciences in Berkeley –. It was quite exciting to be the first guest on their new podcast, QB3 Bio Entrepreneurship. During our lively hour discussion, I had the opportunity to share my thoughts on the current state of venture capital, my strategies for investing (see the title!), and how entrepreneurs can . . .
→ Read full post: “Be better, faster and cheaper and if I don’t get cheaper, I don’t invest!”
Keep sweating — it’s good for your venture, and let us help connect you.
by John Steuart Managing Director
During the holidays, I’ve been listening to the biography of Steve Jobs on my iPhone, and I’m reminded yet again that innovation, brilliance and the power to change the world comes often from the most unlikely sources. It is impressive to me how the guts to challenge the status quo, take risks and not stop . . .
→ Read full post: Success is 1% inspiration and 99% perspiration
Sam Coates is a partner at Cooley, and a great friend and colleague of mine. He wrote this blog post just for us.
Money, motorcycle racing and startups—it’s all about winning and losing
Guest Post by Sam Coates
“I like money,” one founder said to me bluntly, in response to my question about what motivates him. I ask every founder this question. Some of them say things such as . . .
→ Read full post: Money, motorcycle racing and startups—it’s all about winning and losing, by Sam Coates
September 28, 2011 source: Wall Street Journal
All good things, unfortunately, come to an end. The last year or two have been spectacular for entrepreneurs. Investor enthusiasm has been intense, meaning that start-ups had the upper hand and could get financing at extraordinarily generous terms.
But I’m afraid that the curtain is about to fall. All signs point to the imminent arrival of a radically different funding environment. When? Perhaps as early as . . .
→ Read full post: Entrepreneurs: The End Is Near. Refinance.
Entrepreneurs and venture-backed companies seeking financing in the near term, take notice. The hot market for companies is going to cool off in 3 to 6 months. Hurry up and get your round closed before it gets harder and terms get tougher.
In my 20 years of participating in the venture market both as a VC and an entrepreneur seeking VC funds, VC funding cycles follow the success or lags in the NASDAQ and . . .
→ Read full post: Tougher venture funding environment ahead; entrepreneurs—get your rounds closed.
Claremont Creek Ventures portfolio company Gene Security Network (GSN) achieved a technical breakthrough that even Dear Abby can crow about. Never before, have scientists and clinicians been about to measure fetal DNA in a pregnant woman’s blood with enough accuracy to determine paternity or relevant information about the baby in utero — until now. If you are curious why this service might be helpful, see Dear Abby’s recent column below.
In . . .
→ Read full post: Why Dear Abby loves this company (and you should, too)