Venture Capital and Tech Coast Angels - 9915 Words

9-808-064 REV: OCTOBER 21, 2010 PRICHARD G. HAMERMESH LAUREN BARLEY De ermaCa Zap are: pping Z Dir Zits rectly It w a rainy Saturday mor was S rning in late N November 20 005, and Pete Scocimara p er pulled on his Croc s shoes to take his rambunctiou golden ret us triever Jasper for a walk. Walking the dog would give r e d Scocim mara some much-needed time to clear his head an prepare fo a Monday m r nd or y-morning me eeting with the cofounders of his co ompany, Der rmaCare, Inc Headquarte c. ered in Live ermore, California, Derm maCare was a start-up ven nture that pla anned to mar rket its Therm maClear acne e-treatment d device direct to consum tly mers using dire response t ect†¦show more content†¦ght resident and Fellow of Harvard Coll ws lege. To order copie or request perm es mission to reproduc materials, call 1-8 ce 800-545Copyrig  © 2007, 2010 Pr 7685, wr Harvard Busin rite ness School Publish hing, Boston, MA 0 02163, or go to http://www.hbsp.harv vard.edu. No part of this publication may be n reprodu uced, stored in a retrieval system, used in a spread dsheet, or transmit tted in any form or by any mean ns—electronic, mec chanical, photoco opying, recording, or otherwise—with o hout the permission of Harvard Busin n ness School. 808-064 DermaCare: Zapping Zits Directly DermaCare Cofounders Luiz Da Silva Da Silva, a native of Canada, received a PhD in physics from the University of British Columbia in 1988. Soon thereafter, Da Silva moved to California for the opportunity to work with â€Å"the world’s most powerful laser† at the Lawrence Livermore National Laboratory (LLNL). By 1997, Da Silva was ready for a new challenge. He and his boss then started the medical technology program at LLNL, and Da Silva explained his role as its associate program director: Our mission was to take technology and patents developed at the lab and transfer them to the medical industry. My first experience was to pitch some technology the lab had for treating strokes. We visited some VCs, and eventually a group of VCs found a CEO and formed a startup to license and commercialize our technology. I was theShow MoreRelatedDermaCare10958 Words   |  44 Pagesresults in hand, Scocim mara and Ch hoi approacheed angel inveestors, includiing Silicon Valley-based V B Band of Angeels, to raise a Series A rou und. Just befo ore Thanksgiv ving, the Band of Angels sent s Scocimarra a term sheeet that offereed the compan ny $1.5 millio on, assuming a $4.5 million n postfinancin ng valuation. Shortly thereeafter, the CEO unexpecttedly received d a competin ng term sheet from Foundation Capitall, a venture capital c (VC) firm where his good frieend and form mer businesssRead MorePunchtab Inc10225 Words   |  41 Pagesmarkedly different than when he raised his initial funding for YouSendIt seven years ago. 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WhileRead MoreEndeca Case Essay11075 Words   |  45 Pagesraise additional growth capital. The words of his Vice President of Marketing, Steve Sayre, warred with the sound of the construction. â€Å"I know the board is actively working on the C round,† Sayre said. â€Å"We’d better get this funding closed; I don’t think the NASDAQ is going to hold up.† Papa knew that his CFO shared Sayre’s concerns. To an even greater extent, so did he (see Exhibit 1 for NASDAQ values), because not only had the NASDAQ fallen, but so had the number of venture deals and the amount ofRead MoreDoing Business in the Asia/Pacific Rim Region31325 Words   |  126 PagesDOING BUSINESS IN THE ASIA/PACIFIC RIM REGION State Capital Group 1747 Pennsylvania Avenue, N.W. Suite 1200 Washington, D.C. 20006 (202) 659-6601 PHONE (202) 659-6641 FAX info@statecapitalgroup.org www.statecapitalgroup.org  © 2009 State Capital Group Member law firms practice independently and not in a relationship for the joint practice of law. STATE CAPITAL GROUP ASIA/PACIFIC RIM MEMBER FIRMS AUSTRALIA (MELBOURNE) Hall Wilcox AUSTRALIA (SYDNEY) Holman Webb Level 30 BourkeRead MoreFeasibility Analysis for an Ecotourism Hotel in Costa Rica9552 Words   |  39 PagesControls over Prices 17 2.6 Control of Costs 18 2.7 Control of Distribution Channels 19 3 VENTURE ANALYSIS 20 3.1 Opportunity / Compelling Need 20 3.2 Product or Service Description 21 Central Attributes 21 Product Range 21 Product and Delivery 21 3.3 Target Market 22 3.4 Unique Benefits 24 3.5 Competitive Advantage 25 3.6 Risks 26 3.7 Financial Projections / Bootstrapping Tactics 27 Capital Needs 27 Gross Margin 28 Sales 29 Profit and Loss 29 Conclusion Recommendations 31 Read MoreMarketing Mistakes and Successes175322 Words   |  702 Pageseroding competitive position due to errors of omission are difficult to calculate precisely, the costs of errors of commission are often fully evident. For example, with Euro Disney, in 1993 alone the loss was $960 million from a poorly planned venture; it improved in 1994 with only a $366 million loss. With Maytag’s overseas Hoover Division, the costs of an incredibly bungled sales promotion were more than $300 million, and still counting. Then there was the monumental acquisition of ChryslerRead MoreBusiness Plan of Skytrails Airline, Ltd.14517 Words   |  59 Pagespercent of the current published business-class fare. EXECUTIVE SUMMARY THE COMPANY REGULATORY ENVIRONMENT MARKET ANALYSIS FINANCIALS APPENDIX EXECUTIVE SUMMARY Purpose Having successfully raised  £1.3 million from angel investors, SkyTrails is now looking to raise  £25 million from investors who are interested in the opportunity presented by SkyTrails and believe in its growth potential. 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