Venture Capital in the Rockies Wrapup
I’m at the Beaver Creek Resort in Avon, Colorado today for the Venture
Capital in the Rockies event.
20 startup and growth companies, including 14 from Colorado and 4 from
Utah are here to present business plans to 200-300 venture capitalists
from 8 states. Our company, FamilyLink.com, was selected as a
presenter. We each get 15 minutes and then 5-10 minutes of Q&A.
Here is a brief rundown of the presenters:
- Albeo Technologies (Colorado) markets solid-state lighting systems
based on white light-emitted diode (LED) technology. Lighting accounts
for 40% of all electricity consumption in the commercial market. Have
raised $1.55 million in two rounds of funding.
- Altela (New Mexico) has raised $10 million to develop a new
energy-reuse water desalination product that operates at remote
locations such as oil and gas wells.
- AVA Solar (Colorado) was spun out of Colorado State University. They
have "perfected a robust, industrial-scale, continuous process for
producing solar photo-voltaic modules at an industry-leading
manufacturing cost below $1 per watt. The market for solar PV is
large, growing rapidly, and currently hampered by a significant supply
shortage. Growing at a 46% CAGR since the late 1990s, the market is
projected to be 23 gigawatts, or $40-60 billion by 2012.
- Control4 (Utah) has raised a total of $80 million in funding since
inception to create a platform for the digital home. An estimated 38
million households are potential customers for Control who have
installed or plan to install home theaters, plasma TVs, LCD Flat Panel
TVs, big screen TVs, intercom, lighting control, security system,
structured wiring, digital or media PC, surround sound, and MP3
playback through stereo.
- DAZ Productions (Utah) provides easy to use 3D software and
ultra-high quality 3D models and accessories. They operate the
Artzone.com social marketplace. Have been funded by Highway12
Ventures. $10 million in revenue in 2007; raised more than $4 million
last year. They have a huge opportunity in social networks, online
gaming, and virtual worlds.
- FamilyLink.com (Utah) runs a genealogy subscription web site with
more than 25,000 paying customers. Worldvitalrecords.com has nearly 1
billion searchable names online with 2.5 billion more in the pipeline.
Genealogists pay $49 to $149 per year for access to these databases.
FamilyLink.com also builds social networking applications for familes,
with more than 2.8 million users of its We’re Related app on Facebook.
(I’m presenting this company as its CEO.)
- Filtrbox (Colorado) has raised more than $400,000 from angel
investors. They provide filters and alerts for knowledge workers who
want to monitor news, blogs, and other content sources. They had 250
beta invitations available today, and I was excited to get one.
- Format Dynamics (Colorado) has raised $4.4 million from NY angels.
They turn printed internet pages into a revenue opportunity for web
sites by providing magazine quality formatting and by inserting
dynamic ads onto the pages. Third party research shows 61.2 billion
internet pages were printed last year.
- Go Fast Sports and Beverage Company (Colorado) creates a great
tasting energy drink. The company is listed as one of the top 100
Beverage Companies in the world the past three years.
- HiveLive (Colorado) has raised $2.2 m in angel investment and closed
a $5.6 million venture round last week. They provide solutions to
companies who want to create their own social media applications or
- ISONAS Security (Colorado) was founded in 1999 and provides IP based
Access Control enable by a true network appliance.
- Newmerix (Colorado) had bookings of $4.74 million last year, more
than double 2006. They are the leading provider of automated
application lifecycle management solutions for SAP, PeopleSoft, and
Oracle E-Business Suite.
- Nilar has raised $11 million to date. They produce advanced bipolar
nickel metal hydride batteries for large format applications,
including hybrid vehicles.
- ProStor (Colorado) has raised $23.4 million in two rounds. They are
the leading supplier of removable disk solutions for data protection,
long-term archive, and compliance applications.
- Socialthing, Inc (Colorado) has raised $375,000 to date. They let
social networkers consolidate all their popular social websites into a
single interface, including on mobile phones.
- Tendril Network (Colorado) has raised more than $8 million in
funding to bring energy efficiency to the energy industry.
- WBS Connect (Colorado) is owned by its two founders. It had revenus
of $6.4 million in 2006 and $18.5 million in 2007. They provide high
bandwidth IP-based telecommunications services.
- Yieldex (San Mateo, CA) is backed by Sequel Ventures, First Round
Capital, and Woodside Fund. They have unique technology to analyze and
allocate online ad inventory, increasing yield by 10-40%. Focus is
yield optimization. Very impressive management team. CEO founded
NetGravity in 1995.
- Zayo Group has raised $225 million in equity and $140 million in
debt to do a roll-up of broadband fiber optic networks. They will have
revenue of $160 million and EBITDA of $45 in CY2008.