Posts tagged “Intersouth”
Intersouth, Intel lead round. NetOctave to use funds for marketing, expansion and product development. Company forecasts $20 million in sales in 2002.
Representatives from Intersouth, Eno River, Aurora and others trek to Miami in search of promising deals and new investors. But they also say they aren't abandoning N.C. start-ups.
Alston & Bird kicks in $150,000 for 'Innovation' campaign. With three months still to go, CED has now raised $2.5 million.
Intersouth Partners, Aurora Funds join four other firms in funding the RTP-based biotech firm. Norak will look to move to bigger quarters and add personnel.
University researchers believe vaccines can be developed to fight other types of cancer and diseases. Merix, boosted by huge VC investment, aggressively pursues development of technology it has licensed from Duke.
"I think we've finally bottomed out and have stabilized," says Jeff Barber of PricewaterhouseCoopers. New MoneyTree Survey shows 2001 was the third-best year in terms of total dollars invested by VCs.
Intersouth Partner tells entrepreneurs "to assume this will never change." VCs are "chicken" due to stock market woes and low public company values.
More than 500 people are expected at the Money & Markets 2002 Conference to discuss financial issues of importance to early and mid-stage technology firms.