David Bradford (former general counsel of Novell) and I have teamed up to launch FundingUtah.com, a new free service that matches Utah angel investors with Utah entrepreneurs. We will be holding a launch event and press conference, with Utah Governor Jon Huntsman, Jr. on April 26th at 1:00 pm at the Larry H. Miller Business Innovation Center (Karen Miller Conference Center). Some of the leading investors and entrepreneurs in the state will be in attendance.
My favorite open source developer says his favorite freeware/shareward download site is Snapfiles.com. They've been around since 1997 and have a good ratings system for all the software they offer. What is your favorite software download site?
I keep puzzling over the fact that only 2% of venture capital flows into early stage companies when it is also reported as a fact that early stage investment funds provide the highest average returns. Maybe VCs like to swing for the fence and only invest in companies that have huge potential--admittedly, most seed stage companies don't.
Today I had lunch with my cousin, an attorney from Salt Lake City. He told me about taking a JetBlue flight from New York last year and having the good fortune of being on the same plane with JetBlue Founder David Neeleman. Neeleman served the customers, as is his custom, and then sat next to my cousin and chatted for some time.
Provo, Utah, a city of more than 105,000 has owned its own power plant since 1940 (see Provo Mayor's message: November 2000). In 2000, Mayor Lewis Billings began discussions that resulted in decisions to deploy a city-wide fiber optic network called iProvo.
The city owns this network, but leases it to companies who will provide telecommunication services to Provo residents and businesses.
I got an email this morning from MEOW: the Mobile Entertainment Opportunity Watch. The author lists these "cool companies" from the latest mobile conference he attended:
SOME COOL COMPANIES
A study was released yesterday which shows that venture capital firms averaged 19.3% returns in 2004, up from miserable numbers during the prior 3-5 years. There is an estimated $56.3 billion capital overhang in funds that venture capital firms have raised but have not yet invested.
For years I have been hearing about the "real Paul Allen." I was dubbed Paul Allen the Lesser by some of Utah's VCs to keep me straight from the Microsoft/Vulcan Ventures Paul Allen.
But my blogging is paying off. I now rank #3 in Google for the query "Paul Allen." Last year I was about #55, but I guess a lot of people are linking to my blog these days.