Posts tagged “MCNC”
Sense Technologies loses out on $4M deal after Nasdaq listing appeal is denied. Otherwise, investing front is quiet - at least publicly - other than one small deal in North Carolina.
Although no NC firms closed on venture rounds last week, LVL7 says it will bring in $10M sometime in September. And LTW hears other deals are closed and will be announced shortly.
MCNC spinoff unit sold to French firm for less than $9M in stock. JDS had paid $565M for Cronos. Also, numerous layoffs are expected at RTP plant.
Through July, technology companies in the Carolinas and Georgia have pulled in $566 million in more than 70 deals.
Venture capital firms have invested close to $200 million in 35 tech companies in North Carolina so far this year.
Through the first half of 2002, 63 technology companies in North and South Carolina and Georgia have pulled in $528 million in venture capital.
Venture firms have poured $168 million into 28 Tar Heel technology companies during the first half of the year.
Neal Hunter and Bob Young - the driving forces behind two successful tech companies - ridicule their own intelligence while offering tips to entrepreneurs. Stay focused on serving the customer and conserving resources, they say.
Three months after selling his IT company, Rizzo is asked by a longtime business associate to take charge of the new R&D venture being created by splitting MCNC. Dunning will continue to head up supercomputing operations.
Former owner of Osprey Systems and NCEITA president to head transition and division of MCNC into separate units.
<b>LTW exclusive:</b> 59 venture deals in a tight market have generated $484 million so far this year. Most money goes to Georgia firms.