2003 Florida Venture Capital Conference Presenters Capture $28.4 Million in Funding; Applicants Sought Now for 2004 Conference in Orlando, Fla.Business Editors MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. & ORLANDO Orlando, city, United States Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots. , Fla.--(BUSINESS WIRE)--Aug. 7, 2003 The Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and Venture Forum (http://www.flvencap.org See .org. (networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations. RFC 1591. ), organizers : Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A
"We are seeing a return to normalcy nor·mal·cy n. Normality. Noun 1. normalcy - being within certain limits that define the range of normal functioning normality in the market and investors are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op ," said Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Lux, 2003 Chairperson chairperson Chairman The head of an academic department. See 'Chair.', Cf Chief. of the Florida Venture Forum and a Director with Stonehenge Stonehenge (stōn`hĕnj'), group of standing stones on Salisbury Plain, Wiltshire, S England. Preeminent among megalithic monuments in the British Isles, it is similar to an older and larger monument at Avebury. Capital Corporation. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey by the Florida Venture Forum, four of the 21 presenters have secured $28.4 million in funding, either directly or indirectly as a result of presenting at the 2003 Florida Venture Capital Conference, Florida's only statewide later stage venture capital conference. Other presenters are currently negotiating with investors. Demonstrating investor confidence, a sound business plan and high growth marketing potential, to date, the following four companies received funding: -- Hallandale-based Comerxia, a UPS Strategic Enterprise Fund backed, global commerce enabler which addresses categorization, import/export compliance, denied third party screening, customs documentation generation, landed cost calculation, fraud protection, product delivery and local marketing, received $3 million from Syncom Syncom: see communications satellite. . -- Tampa-based Litestream Technologies, a utility provider of bundled bun·dle n. 1. A group of objects held together, as by tying or wrapping. 2. Something wrapped or tied up for carrying; a package. 3. Biology A cluster or strand of closely bound muscle or nerve fibers. services including voice (telephone), video (cable), high speed Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , and alarm monitoring services The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. to residential master-planned communities in Florida where it creates a monopoly-like service area through long term, exclusive contractual arrangements with the real estate developers, received $10 million from American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Capital Corporation. -- Gainesville-based MaxxVision LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a developer of high-resolution high-res·o·lu·tion adj. 1. Relating to an image that has fine detail. 2. a. Of or relating to an output device that produces images that contain a large number of dots per unit of area and are therefore sharp and info-imaging products to medical, industrial, and government/military markets, received $410,000 from SpringBoard Capital. -- Lakeland-based Solicore (http://www.solicore), a manufacturer of innovative solid polymer polymer (pŏl`əmər), chemical compound with high molecular weight consisting of a number of structural units linked together by covalent bonds (see chemical bond). lithium-ion and advanced battery manufacturing systems, received $15 million. The financing was lead by Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. . Other existing institutional investors included OPG OPG Ontario Power Generation (Canada) OPG Osteoprotegerin OPG Online Policy Group OPG Oldroyd Publishing Group (UK) OPG Orthopantomography OPG Office of Projects and Grants Ventures Inc. and Hydro Quebec Quebec, city, Canada Quebec, Fr. Québec, city (1991 pop. 167,517), provincial capital, S Que., Canada, at the confluence of the St. Lawrence and St. Charles rivers. CapiTech, Inc., along with new investors Braemar
Braemar is a village in Deeside, Aberdeenshire, Scotland. Power and Communications Partners, LP and Firelake Capital Management. Applicants are now being sought for the 13th annual Florida Venture Capital Conference, scheduled for January 22-23, 2004 at The Peabody Peabody (pē`bədē, –bädē), city (1990 pop. 47,039), Essex co., NE Mass., a suburb of Boston, on the Danvers River; settled c.1633, inc. as South Danvers 1855, name changed 1868. Hotel in Orlando. Applications are available online at http://flvencap.org/apply (hard copy applications will not be accepted), for Florida-based companies in all stages of development and all industries. The early deadline for presenter applications is Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , September September: see month. 12, 2003 and applicants are encouraged to apply early to be considered. The Conference Co-Chairpersons are Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a J. Dobkin, Ernst & Young, and J. John Simione, Summit Global Partners. Each year, a committee of venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. review the applications submitted focusing on the company's business plan, revenue model, financial data, management team, high growth potential and existence of proprietary technology. In addition to the Florida Venture Capital Conference, the Florida Venture Forum holds monthly educational programs on a statewide basis in south Florida, central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. and north Florida. The Florida Venture Forum, Inc. is Florida's premiere statewide support group for venture capitalists and entrepreneurs. As an entrepreneurial networking In business, entrepreneurial networks are social organizations offering different types of resources to start or improve entrepreneurial projects. Having adequate human resources is a key factor for entrepreneurial achievements. group, the Forum educates entrepreneurs and assists them in identifying sources of venture capital. Created in 1984 by a group of high-level business leaders and academicians, the goal of the Forum is to help ensure the success of entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. ventures by offering expert counsel and educational advice. Each January, the Forum presents the Florida Venture Capital Conference. For more information, please visit the Forum's web site at http://www.flvencap.org or e-mail forum@flvencap.org.
Entrepreneurs
-- Comerxia
Simon Zisman, President, 954/862-0001, http://www.comerxia.com
-- Litestream Technologies
Robert Rubin, Chief Executive Officer, 813/375-3482,
http://www.litestreamtech.com
-- MaxxVision LLC
Fredric Derwitsch, Chief Operating Officer, 352/378-6620,
http://www.maxxv.com
-- Solicore, Inc.
Lawrence J. Keim, Chief Financial Officer, 863/603-7640,
http://www.solicore.com
Florida Venture Forum Spokespersons
-- Steve Lux, Stonehenge Capital Corporation and Florida Venture
Forum 2003 Chairperson, 813/221-8302, sflux@stonehengecapital.com.
-- Richard J. Dobkin, Ernst & Young and Co-chairperson, 2004
Florida Venture Capital Conference, 813/225-4900,
richard.dobkin@ey.com.
-- J. John Simione, Summit Global Partners and Co-chairperson, 2004
Florida Venture Capital Conference, 561/237-3207,
jsimione@sgp.net.
FLORIDA VENTURE CAPITAL CONFERENCE
PRESENTERS WHO HAVE RECEIVED FUNDING
YEAR
COMPANY PRESENTED AMOUNT SOURCE
------- --------- ------ ------
Tony Zalenski
Boca Research 1992 $ 7,000,000 Summit Partners
561/997-6227
Dr. Norman Weldon Institutional
Corvita Corp. 1992 $ 11,000,000 Investor
305/557-3100 (California)
Ted Leonsis
Redgate Communications 1992 $ 1,000,000 Massey Birch Inv.
415/525-4000
Diane Huth
Skinny Snacks 1992 $ 13,000,000 Brazilian Investor
941/278-0244
Luis Romero-Font
Celpage, Inc. 1994 $ 6,000,000 Providence Ventures
809/277-2812
Michael Levy
Sportsline USA, Inc. 1995 $ 3,000,000 Kleiner Perkins
954/351-2120 Caufield and Byers
Armand Alciatore Econ. Dev. Fund of
Tahoe Surgical 1995 $ 750,000 Puerto Rico and the
Instruments Venture Capital Fund
1-800-TAHOE-11 of Puerto Rico
Eric Hale
UroQuest, Inc. 1995 $ 2,500,000 E.M. Warburg
1-800-464-8735 Pincus
Global Vision 1996 $ 2,500,000 Crosspoint
904/268-4587 Ventures
Mead McCabe, Jr.
Genetic Vectors 1996 $ 4,768,700 IPO
305/716-0000
Nick Molina
Let's Talk Cellular 1996 $ 21,100,000 IPO
305/477-8255
Burt Sookram
Catalina Food 1997 $ 3,500,000 Sirrom Capital
Ingredients
813/845-5595
Ellen Caravello
On-line @Unicom 1997 $ 1,000,000 PennWell Publishing
561/276-2433
Luis F. Ayala
TAC Systems, Inc. 1997 $ 2,000,000 Sirrom Capital
205/721-1976
Michael Dowling
Sawgrass Electronics 1997 $ 5,000,000 N/A
Group, Inc.
954/340-8127
Brendan T. Fitzgerald
Microgistics, Inc. 1998 $ 2,400,000 Private Investors
407/757-5780
John Lawlor
The Email Channel 1998 $ 385,000 Antares Capital
561/226-3624
Steve McLaughlin Sale/merger with
Net Healthcare 1998 $ 9,000,000 Preferred
954/492-8774 Employers Holdings
Gary Patterson
Imaginet Design 1998 $ 380,000 SF-based bank
Solutions
954/922-0399
Martin E. Doyle
Perception, Inc. 1998 $ 3,000,000 Equity funds from
305/593-5505 Private Investors
Gail Nichols
Willow CSN 1998 $ 5,000,000 Terms
Incorporated confidential
305/864-6577
Oscar Coen
Yupi.com 1999 $108,000,000 ITP, IFX Corp.,
305/604-0366 Sony, etc.
Michael Baron
TeraNex 1999 $ 4,000,000 BancBoston
407/417-1086 2003 $ 6,000,000 BancBoston
Capital, Crest
Communications
Holding, Audax
Group
Michael A. McNeal
Absolutely Software 1999 $ 1,000,000 Private investors
561/852-0681
Clifford T. Boro
Internet Financial 1999 $ 10,000,000 Private investors-
Network, Inc.(IFN) Julius Trump
954/321-6061
Scott Moody 1999 $ 20,000,000 Stonehenge
AuthenTec Capital, Royal
407/729-5848 Bank of Canada
2003 $ 12,100,000 Sierra Ventures
2003 $ 2,900,000 Newlight
Associates,
Firsthand
Capital Mngt.
Jerome Pepin
U.S. Bid 1999 $ 1,200,000 Private investor
407/725-0260 2000 $ 10,000,000 Spectrum Equity
Investors and
Brinson Partners
Zijad F. Aganovic, Ph.D.
Cylex Systems, Inc. 1999 $ 6,000,000 H.I.G. Capital
561/998-7175
2000 Florida Venture Capital
----------------------------
Christopher Cogan
GoCo-op 2000 $ 21,000,000 Invemed Assoc.
407/628-3636 2001 $ 23,000,000 Invemed Catalyst
Fund
David A. Schwedel Brown Simpson
Marex.com 2000 $ 43,000,000 Strategic Growth
305/285-2003 Funds
Glenn Parker
ParkStone Medical 2000 $ 31,500,000 Oak Investment
954/389-8900 Partners,
Partech Intl.,
Cardinal Health
Partners and
Salix Ventures
Kenneth Dotson
ScoreCardUSA.com 2000 $ 1,600,000 CrossBow
407/482-8282
Michael Davis
eAngler.com 2000 $ 9,100,000 SI Ventures LLC
877/979-3474 Brunswick Corp.
2001 Florida Venture Capital
----------------------------
Steve Sponder 2001 $ 3,200,000 Crossbow
BizProLink
954/535-2999
Roger Ueltzen 2001 $ 3,000,000
Cylex Systems, Inc.
561/998-7175
William D. Kirsh
eAppealSolutions.com, 2001 $ 2,500,000 Scientia Health
Inc. Group
305/534-7174
Rick Sanderson
Fourbit Group, Inc. 2001 $ 1,500,000 Private
954/938-9900 Investors
John Textor 2001 $ 6,800,000 Crossbow,
Jester Digital Wyncrest
561/833-9220 Capital
Keith Gibson 2001 $ 5,000,000 Stonehenge
Kview, Inc. Capital,
813/221-2765 Advantage
Capital,
Thompson
Murff LCC
and others
Nate Clement 2001 $ 300,000 Fred Perkins,
LatPro Perkins & Assoc.
954/474-6880 ext. 138
Michael Meiser 2001 $ 4,000,000 Crossbow,
Medmundo Battery Ventures
305/576-0227
Chris Fleck 2001 $ 10,000,000 Mellon,
OmniCluster HIG, Crossbow
561/981-0261
Kurt Long 2001 $ 10,000,000 Battery Ventures,
OpenNetwork JP Morgan,
Technologies SI Ventures
727/561-9500 2001 $ 10,000,000 (round 2,
same investors)
2002 Florida Venture Capital
----------------------------
Stefan Borg 2002 $ 2,500,000
Copharos, Inc.
904/543-1140
Rudy Mazzocchi 2002 $ 2,850,000 Medtronics,
Image Guided Stonehenge Capital
Neurologics Corp.
321/309-8209
John D. Friske, Jr. 2002 $ 400,000 Stonehenge
In.vision Research Capital and others
727/822-7200
Richard Licursi 2002 $ 12,000,000 Redwood
MeshNetworks Venture Partners
407/659-5302 and others
2003 $ 12,000,000 Existing investors
John Yin 2002 $ 600,000 Private
PartnerCommunity, Inc. investors
561/981-1200
Robert L. Heid 2002 $ 150,000 Aurora Funds
psiloQuest 2002 $ 1,150,000 Grace Venture
407/677-0997 Partners
Douglas A. Wheeler 2002 $ 2,000,000 Crossbow
ScriptRx 2003 $ 710,000 Crossbow
561/805-5935 2003 $ 250,000 Crossbow
Robert C. Strandberg 2002 $ 8,333,000 SpaceVest,
Xytrans, Inc. Grace Venture
407/345-8008 Partners,
Crossbow,
Stonehenge
Capital, ATV
2003 Florida Venture Capital
----------------------------
Simon Zisman 2003 $ 3,000,000 Syncom
Comerxia
954/862-0002
Robert Rubin 2003 $ 10,000,000 American
Litestream Capital Corp.
Technologies
813/375-3482
Stephan A. Tuchman 2003 $ 410,000 Springboard
MaxxVision, LLC Capital, LLC
352/378-6620
Lawrence J. Keim 2003 $ 15,000,000 Draper Fisher
Solicore, Inc. Jurvetson
863/603-7640
TOTAL: $541,987,100
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