CED Survey: VCs Optimistic About Economy, Investment Scene; Results Indicate Favorable Conditions for CED's Venture 2004 Presenters.Business Editors CED (Capacitance Electronic Disc) An earlier videodisc technology from RCA that was released in 1981 and abandoned five years later. Like phonograph records, the analog disc contained grooves that a stylus rode over. Venture 2004 RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--April 13, 2004 The Council for Entrepreneurial Development (CED) today announced results from its recent survey of venture investors, which asked about investment priorities, portfolio performance, as well as metrics used to gauge the vibrancy of various innovation-based regions. CED presents the survey's findings in anticipation of its Venture conference, scheduled for April 27-28 at The Friday Center The William and Ida Friday Center for Continuing Education at the University of North Carolina, Chapel Hill, is the center of continuing education programs for the university. It was formally organized in 1913 upon the establishment of a Bureau of Extension. in Chapel Hill. "We hope the survey results bode well for Venture 2004 presenters and for all North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. innovation companies," said CED President Monica Doss. "Given the challenging funding environment lately, particularly for early-stage companies, we're very pleased to learn that investors are optimistic about the prospects for new companies on the horizon." Among the survey's most significant findings: -- 86 percent of survey respondents said economic conditions had been more favorable in 1Q 2004, compared to 1Q 2003. 82 percent of VCs surveyed said their portfolio companies were stronger now compared to this time last year. -- 42 percent of VCs said they would invest more money in 2004 compared to 2003, and 50 percent of responding VCs said they would close a greater number deals in 2004 compared to 2003. -- Almost half - 45 percent of survey respondents - said they planned to make significant investments in new companies this year (27 percent said they planned to invest in 2 new companies for every one follow-on round investment, while 18 percent said they planned to invest in 3 new companies for every one follow-on round investment). -- A critical mass of serial entrepreneurs was the leading factor venture capitalists consider important when determining a region's investment potential. In terms of the vibrancy of an innovation region, VCs cited successful exits and favorable business climate/cooperative local government as their two most widely used metrics. -- Survey respondents outside of North Carolina said the top three regions in which they pursue deals were Boston, Silicon Valley and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. (in ranked order). Other regions placing high on VCs radar screens were Austin, Seattle, Research Triangle Park and Atlanta. When including N.C.-based respondents in the total data, Research Triangle Park ranked as the most desirable innovation-based region. Note about survey methodology. CED sent the survey to leading investors from across the country, and 74 venture capitalists responded. Approximately 25 percent of survey respondents came from North Carolina, and approximately 20 percent came from investor-rich regions Boston and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Respondents also included investors from such other cities as New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Washington D.C., Atlanta and Birmingham. About Venture 2004: CED's 21st annual Venture 2004 - Where great minds meet smart money - is scheduled for April 27-28 at The Friday Center in Chapel Hill, NC. The conference is presented with support from UNC (Universal Naming Convention) A standard for identifying servers, printers and other resources in a network, which originated in the Unix community. A UNC path uses double slashes or backslashes to precede the name of the computer. Kenan-Flagler Business School The Kenan-Flagler Business School at the University of North Carolina at Chapel Hill serves the community as a world-renowned business education institution. History and The National Venture Capital Association. Last year's conference, Venture 2003, drew a crowd of more than 800 investors, service professionals, entrepreneurs and others involved in the entrepreneurial funding process from throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on presenting companies, sponsorship or general registration, visit www.cednc.org/venture. About CED: The Council for Entrepreneurial Development, located in Research Triangle Park, NC, is a private, 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. formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED, which celebrates its 20th anniversary in 2004, is the largest entrepreneurial support organization in the nation with more than 3,500 members representing 1,000 entrepreneurial companies, financiers and professional firms. www.cednc.org |
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