DFJ, Draper Triangle and DFJ Gotham Ventures Host First Annual East Coast Venture Challenge.University Entrepreneurs to Compete for $250,000 in Seed Venture Funding 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 -- Leading early-stage venture firms DFJ DFJ Dysfunkshun Junkshun (Austin, Texas band) and its affiliates Draper Triangle and DFJ Gotham today announced the first ever DFJ East Coast Venture Challenge. Entrepreneurs from all eight Ivy League schools, New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the , and Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). will have the opportunity to compete in the event which will be held on May 21st at Columbia Business School Columbia Business School (part of Columbia University), officially named the Columbia University Graduate School of Business, and also known as CBS, was established in 1916 to provide business training and professional preparation for undergraduate and graduate . The winning team will receive $250,000 of venture financing and free office space for up to six months. "After two successful business plan competitions on the west coast, we are excited to bring this opportunity to budding entrepreneurs from leading East Coast schools," said Tim Draper, Managing Director of DFJ. "Our network is committed to supporting the most talented entrepreneurs around the globe. The East Coast Venture Challenge is an opportunity for young people to garner support for their world-changing ideas." Danny Schultz from DFJ Gotham Ventures added, "New York and the rest of the East Coast are a thriving hotbed hotbed, low, glass-covered frame structure for starting tender plants. It differs from a cold frame only in that the soil is heated—either artificially as by underground electric wiring or steampipes, or naturally with partially fermented stable manure, which of entrepreneurship. This competition is a great chance to meet some of the region's newest entrepreneurs and help the best of them accelerate their progress toward building a valuable entity." The Venture Challenge organizers will work with participating universities to identify and invite the most promising teams to compete. The winning team will receive a minimum of $250,000 in seed stage funding to be disbursed to the team upon the company's incorporation. Jay Katarincic of Draper Triangle Ventures noted, "We are thrilled to co-host this event and continue to extend our outreach to and support of the university and entrepreneurial communities." Investors, entrepreneurs and service providers will be in attendance, providing all competitors the opportunity to find funding and other resources. In addition, representatives from the event's sponsors, including Wilson Sonsini Goodrich & Rosati (www.wsgr.com), Administaff (www.administaff.com), Sunshine Suites (www.sunshineny.com) and Silicon Valley Bank (www.svb.com) will be available for questions. For more information, visit: http://www.dfj.com/eastcoastvc. This event is open to the press on an RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. basis. Members of the press should contact Marie Burks at Columbia Business School to RSVP: 212.854.4622 or meb2155@columbia.edu. About 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. (DFJ) Draper Fisher Jurvetson is a leader in seed and early stage venture capital, typically serving startup's first outside source of financing. Founded in 1985, DFJ has created a network of offices in major technology centers around the world with approximately $4 billion in capital commitments. The DFJ Network has invested in hundreds of companies, including Hotmail (acquired by Microsoft), Baidu (BIDU), Skype (acquired by Ebay), United Online (UNTD), Overture (acquired by Yahoo!), Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. (IWOV), 411 (acquired by Yahoo!), Parametric (PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), and Digidesign (acquired by Avid). The network has proven expertise in identifying and helping extraordinary entrepreneurs who want to change the world. About DFJ Gotham Draper Fisher Jurvetson Gotham (DFJ Gotham) is a venture capital firm based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. focused on early-stage technology companies. The firm's first investment was made in 2000, and since then it has backed over 20 ventures spanning a wide array of technology-related sectors. The firm partners with extraordinary teams of entrepreneurs to build category-leading businesses that make a huge impact in their industries. Investments have included Massive (acquired by Microsoft), XOsoft (acquired by Computer Associates), Mimeo and ContextWeb. About Draper Triangle Draper Triangle Ventures (www.drapertriangle.com) is a premier source of funding for high-technology start-up companies in the Pennsylvania, Ohio and Midwest regions. As the Midwest-based fund of Draper Fisher Jurvetson, the leader in seed and early-stage venture capital, Draper Triangle offers entrepreneurs and investors a host of benefits unrivaled in the industry. Its Managers have significant experience in founding, investing in, and growing early stage technology companies. About Wilson Sonsini Goodrich & Rosati Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology and growth enterprises worldwide, as well as the investment banks and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] that finance them. Over the past four decades, Wilson Sonsini Goodrich & Rosati has established its reputation by having an unmatched knowledge of its clients' industries and deep and long-standing contacts throughout the technology sector. The firm has more experienced attorneys focused on representing start-up companies seeking venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends than any other law firm, and the deepest knowledge negotiating such transactions. Wilson Sonsini Goodrich & Rosati currently represents over 100 venture capital and other private equity firms, and more venture capital-backed companies than any other law firm in the U.S. www.wsgr.com. About Administaff Administaff (NYSE NYSE See: New York Stock Exchange : ASF See Windows Media formats. 1. (language) ASF - Algebraic Specification Language. 2. (body) ASF - Analytical Solutions Forum. ) provides America's best small and medium-sized businesses with administrative relief, big company benefits, reduced liabilities and a systematic way to improve productivity. Administaff serves as a full-service human resources (HR) department and provides a comprehensive range of services, including employment administration, benefits management, government compliance, recruiting and selection, training and development, performance management and more. For additional information, call 800-465-3800 or visit www.administaff.com. About Sunshine Suites Sunshine Suites offers a full turn-key solution that provides small companies with a place to grow while limiting risk and expenses. No longer do you have to deal with sourcing utilities, Internet providers, photocopiers, phone and fax lines, or even office cleaning. Everything has been considered and made convenient for you at no additional cost. With multiple locations around NYC NYC abbr. New York City NYC New York City , covering more than 64,000 sq. feet, Sunshine offers a variety of services, all calculated into one bill. With solutions starting at $295, and private offices as low as $700 (fully furnished with modern amenities), there is a space for any budget. With a no-obligation contract, you stay or go for as long as you like. |
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