Bay Area Non-Profit Fundraising Up in 2003; The Forum for Women Entrepreneurs Doubles Fundraising Revenue from Last Year.Business Editors SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--July 3, 2003 The Forum for Women Entrepreneurs (FWE FWE Forum for Women Entrepreneurs FWE Food Warming Equipment Company, Inc. (Crystal Lake, Illinois) FWE Farm Working Expenses FWE Foreign Weapons Evaluation FWE Finished with Engines (ship telegraph) ) increased its fundraising revenue by 100 percent for the first half of 2003. Fundraising for this year exceeded expectations due to FWE's overwhelmingly successful recent Annual Dinner and Silent Auction. Despite the difficulties many non-profits have had due to the economy, FWE has earned significant support from organizations such as Cooley Godward LLP LLP - Lower Layer Protocol , BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. , Fenwick and West LLP, Silicon Valley Bank, Sevin Rosen Funds Sevin Rosen Funds (SRF) is a venture capital firm that was established in 1981 by L.J. Sevin and Ben Rosen. SRF was involved in the financing of ArQule, CIENA, Citrix, Cypress Semiconductor, Electronic Arts, Lotus Development Corporation, Silicon Graphics, and Vitesse. , Pillsbury Winthrop LLP, Warburg Pincus Warburg Pincus is a private equity firm with offices in the United States, Europe and Asia. It has been a leading private equity investor since 1971. The firm currently has approximately $14 billion under management, and invests in a range of industries including information and , Benchmark Medical Consultants and many other premier technology service organizations. "We're especially pleased with the enthusiasm our sponsors have maintained for our members and our programs," said Susan Hailey, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Forum for Women Entrepreneurs. "Their support during this tough economic climate is a testament to the immeasurable value our group of powerful women create for technology and life science industries." "It's because of FWE's dedication and ability to help high-potential women establish and operate successful businesses that we support their efforts," said Nancy Wojtas, Partner at Cooley Godward. "The women associated with FWE are classic examples of entrepreneurs that contribute, in measurable ways, to employment growth in Silicon Valley and across the nation." The non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. has helped hundreds of its members' receive venture funding and build sustainable businesses over the last 10 years. Examples include Renee Courington, Founder of All Covered Inc. and Deborah J. Ludewig, Partner at Pillsbury Winthrop LLP, which were honored at FWE's Annual Dinner and Silent Auction. Additionally, Carol Bartz, President and CEO of Autodesk was recognized for her career achievements in technology and building Autodesk into $1 billion corporation. FWE's CEO Summit, Beyond 2003, is scheduled for the Fall. It's expected that fundraising goals for 2003 will continue to exceed expectations. About Forum for Women Entrepreneurs Founded in 1993, the Forum for Women Entrepreneurs (FWE) celebrates its 10-year anniversary as the premier networking organization for women building and leading high-growth technology and life sciences companies. FWE's mission is to accelerate women's opportunities to start, manage and invest in market-leading companies by offering its members powerful access to powerful networks. FWE is headquartered in the Bay Area and has affiliates in Seattle, Southern California, Canada and France. From 1999 through 2002, FWE members raised over $1.4 billion for their businesses nationwide. For more information of FWE, please visit www.fwe.org. |
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