RALEIGH — Southern Capitol Ventures is expanding its management team.
The venture capital firm will announce Monday that David Jones, a former information technology consultant with Deloitte Consulting, is coming onboard as a principal.
Jones was involved in projects related to homeland security while at Deloitte. He also was a co-founder of Orthocopia.com, a web site focused on medical device development, news and information.
“David adds significant depth to our team in a number of key areas,” said Ben Brooks, founding partner of Southern Capitol Ventures, in a statement. “His experience as an operator and natural leadership skills as a former military officer will be a tremendous asset to our portfolio companies.”
Jones is also a veteran of the US Navy, having flown more than 1,900 hours in PC-3Orion reconnaissance aircraft. He also has taught engineering and leadership classes at the University of Virginia.
Jones earned an undergraduate degree in electrical engineering at the US Naval Academy, a graduate degree in management information systems at the University of Virginia and his Masters in business at UNC Chapel Hill.
Southern Capitol has invested in such firms as Art.com, ChannelAdvisor, Motricity, Synthematix and Batanga.
In addition to Brooks abd Jones, other Southern Capitol members include Al Childers as venture partner, Jason Caplain as partner, Dave Murray as partner and Sam Whitt as entrepreneur in residence.
Southern Capitol: www.southerncapitolventures.com
Survey: Venture Firms Looking Oversees
More and more venture capitalists are looking overseas for investment deals these days.
They also are less interested in technology and more interested in energy and consumer products.
Those are among the findings in a new survey of 545 VCs by Deloitte & Touche and the National Venture Capital Association.
“The United States is exporting entrepreneurialism,” said Mark Jensen, partner and national director of Deloitte & Touche LLP’s Venture Capital Services Group, in discussing the survey. “People come here from all over the world, obtain experience in the U.S. technology marketplace, then take their knowledge home with them and build their own companies. The U.S. venture firms are following the entrepreneurs no matter where they are around the world.”
Key findings include:
· Twenty percent of U.S. VCs expect to expand their global investments, with China and India among the top targets.
· The U.S. remains the most attractive investment target for VCs worldwide, with 65 percent currently investing in the U.S. and plan to continue doing so; 16 percent of foreign firms expect to increase investing activity in the U.S.
· VCs worldwide are planning to increase their focus on energy/environment and consumer business, and focus slightly less on biopharmaceuticals and technology.
For details, see: www.magnetmail.net/images/clients/NVCA/attach/VCSurveyPRFINAL.doc
Looking for an “Angel”?
Dow Jones Venture One and Venture Capital Analyst are offering an audio and webinar this week on how to attract angel investors to startup firms.
Panelists include Michael A. Conza, a partner with Bingham McCutchen; Peter M. Rosenblum, co-managing partner at Foley Hoag LLP; Alain Hanover, co-founder of CommonAngels and managing director and CEO of Navigator Technology Ventures; and Russ Garland, editor of Dow Jones Venture Capital Analyst: Technology Edition who is the moderator.
“The Win-Win Angel Term Sheet: What Investors & Entrepreneurs Need to Know” is set for June 30 starting at noon EST. For details, call 1-800-775-7654, or visit: www.krm.com/regonline/peavcregs.nsf/10788e