startup spotlight | WRAL TechWire - Part 70

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Quit building mansions and focus on execution, Lulu’s Bob Young says

Some of the region’s sharpest Internet minds converged at the Friday Center on Wednesday to actively network and unlock some of the secrets of performing profitable business on the Internet. The inaugural Internet Summit hosted by TechJournal South, which was a sell-out, covered virtually all aspects of living and working in a connected world. The economy, innovation, business intelligence, forward thinking and the importance of leadership were among the underpinning themes. Even in a volatile economy, more than 600 business leaders, entrepreneurs, investors and marketers still see dollar signs and opportunity with new and evolving Internet trends, Web 2.0...

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For the future of biodiesel, Chevron and Shell might be on the right track

Want to fill up your Volkswagen or Hummer on renewables, as California Gov. Arnold Schwarzenegger does? Biodiesel, a vegetable-oil-based variant on petroleum diesel, is your fuel. As we pointed out last week, the fuel doesn’t get as much attention as high-tech biofuels like cellulosic ethanol and “green” gasoline. However, substances called furanics may help bring biodiesel back into the spotlight. Furanics, while not actually identical to biodiesel, might as well be – they burn quite well in diesel engines. Two researchers at the University of California, Davis say that a process they developed to reduce plant matter to furanics...

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NCTA Salutes Lt. Gov. Perdue for Lifetime Achievement, But She Warns: ‘It Ain’t Over’

CARY – Lt. Gov. Beverly Perdue and a mix of technology upstarts and established players stole the spotlight Thursday night at the North Carolina Technology Association’s annual “21 Awards.” Perdue, a tireless advocate for the tech sector and possibly the state’s next governor, flashed her characteristic bright smile as she received the “Outstanding Achievement Award.” “I thought they had talked to my doctor and found out I was terminal,” she said jokingly to the crowd of more than 500 people gathered at the Embassy Suites hotel. (The award cites lifetime achievement as one of its criteria.) “It ain’t over!”...

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Week in Review: A Steady Stream of New Business Contracts Give a Boost to the Southeast’s Tech Trade

There was still some bad news last week …Cingular will be laying off 3,000 employees … but the regions’s high-tech community may be coming out of the doldrums. The flow of venture capital continued its flow into the region, slow but steady. TEAMM Pharmaceuticals signed a deal for $6.5 million, and Serenex received $15 million. KevSoft announced $1 million in first-round funding, while Wave7 Optics received a $15.5 million cash infusion. New business contracts and partnerships also were in the spotlight, as large corporations and small start-ups announced deals that will hopefully spur on growth in the high-tech sector....

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In search of … Paul Mayer. Former Exec at Fusion Ventures Heading for Greener Pastures

Editor’s note: The “dot com” era, as brief as it was, brought many entrepreneurs into the public’s eye. As the bubble burst, many of those people thrust into the spotlight receded into the background. Local Tech Wire will be “in search of” these folks in the months ahead. Paul Mayer, the Fusion Ventures partner who hosted some of the best deck parties in the Triangle during the Internet heyday, is about to throw a yearlong luau for his family – well, sort of. Starting July 1, 15 months after Fusion Ventures officially ceased all employment and stopped seeking investments...

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Is Atlanta ‘Hot’ for Technology? Not Any More, It Seems; Many Companies Are Gone

It seems quaint now. Four or five years ago, MindSpring Enterprises founder Charles Brewer was a trailblazer in Atlanta. He was the first local tech honcho to embrace what became standard culture at dot-coms and software houses. Brewer brought his three-legged dog to work, and put plastic patio furniture and funky art in his cramped office. Rank and file MindSpringers parked mountain bikes in the hallways outside. Hard on MindSpring’s heels came a couple other companies with charismatic leaders who built a singular corporate ethos. At WebMD, 20-something maverick Jeff Arnold ignored Atlanta’s buttoned-down tech finance cliques during an...

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Better Times Ahead for Cisco? CEO Chambers Says Yes in Upbeat Message to Analysts

It seems quaint now. Four or five years ago, MindSpring Enterprises founder Charles Brewer was a trailblazer in Atlanta. He was the first local tech honcho to embrace what became standard culture at dot-coms and software houses. Brewer brought his three-legged dog to work, and put plastic patio furniture and funky art in his cramped office. Rank and file MindSpringers parked mountain bikes in the hallways outside. Hard on MindSpring’s heels came a couple other companies with charismatic leaders who built a singular corporate ethos. At WebMD, 20-something maverick Jeff Arnold ignored Atlanta’s buttoned-down tech finance cliques during an...

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