Ecosystem Spotlight: Pure Michigan, Pure Entrepreneurial Growth

by & filed under NVCA Blog, Venture Investment.

Ben Veghte

A San Francisco native with an MBA from Wharton and experience working at two successful medical device startups in the Bay area, Jan Garfinkle was a trailing spouse when she moved to Michigan over 20 years ago.  At the time, there were less than ten venture capital firms in existence in Michigan.  Today there are 25, including Arboretum Ventures, which Jan founded in 2002 and remains a Managing Director today.

You don’t meet many San Francisco natives who move to the Midwest to chase a career in venture capital.  In fact, one could make the case that that would be the least effective way to break into an industry that is predominantly centralized around a single road in Palo Alto, CA.  But for Jan it worked, and in many respects her story is the story of Michigan’s growing entrepreneurial ecosystem. (more…)

Believeland: How Collaboration and Inclusion Drive Innovation in Ohio

by & filed under Diversity, NVCA Blog, Venture Investment.

Jessica Straus

“Welcome to Believeland!,” was the enthusiastic greeting from Ray Leach, CEO of JumpStart, Inc., to an audience of entrepreneurs, venture capital investors, nonprofits, foundations, government entities, universities, and corporations, who were among the hundreds gathered for JumpStart, Inc.’s Second Annual Startup ScaleUp event in Cleveland.  (more…)

Welcoming New Leadership of the NVCA Corporate Venture Advisory Group

by & filed under Corporate Venture, NVCA Blog.

Jessica Straus

The NVCA Corporate Venture Group (CVG) serves as the voice and advisory council of corporate venture investors within the broader NVCA community.  Together, these leaders advance the education, professional development and networking mission of corporate venture groups, enabling them to accelerate the progress of innovation and growth through successful venturing.

Each May, nominated by their peers in the Corporate Venture Advisory Group, we welcome new members of the CVG Leadership Team for an annual term and new CVG Advisors join to serve a four-year term. CVG Advisors shape the NVCA and its service to the corporate venture investment community. Each quarter, the CVG highlights the thought leaders, research and trends shaping innovation and corporate venturing at our blog the NVCA Corporate Venture Connection.  (more…)

Ecosystem Spotlight: Utah Punches above Its Weight

by & filed under Miscellaneous, NVCA Blog.

Ben Veghte

During his address at the NVCA Leadership Gala & Summit as the incoming Chair of the NVCA Board of Directors, Venky Ganesan of Menlo Ventures discussed his priorities for the year ahead.  In addition to creating a more inclusive venture capital industry, Venky said his main priority for his term as Chair is to shine a spotlight on entrepreneurial ecosystems beyond the mature, well-established giants of San Francisco, New York and Boston.

One such ecosystem that deserves more attention is the state of Utah.  Known for its national parks, the Great Salt Lake and some of the best powder skiing on the planet, the Beehive State is the perfect example of an entrepreneurial ecosystem quietly on the rise.  In fact, in 2015 Utah ranked 11th in venture dollars deployed, and its 55 deals last year marked the most since 2000. (more…)

Honoring Brenda Gavin and Empowering Women Entrepreneurs

by & filed under NVCA Blog.

Bobby Franklin

In March, the venture community lost a friend, colleague and leader.  Brenda Gavin’s sudden death was tragic and reminds us all to not take a single day for granted.

If you didn’t know Brenda, she was a true pioneer in the venture community and respected leader across the entrepreneurial ecosystem.  Dedicated to life sciences investing, Brenda’s roots in venture date back to her time in the corporate venture world as President of S.R. One, GlaxoSmithKline’s venture capital unit, and then later as General Partner of EuclidSR Partners, an independent venture capital fund focused on healthcare and information technology. (more…)

A Look Back at the Leadership Gala & Summit

by & filed under Events, NVCA Blog.

Ben Veghte

Last Thursday leaders from across venture capital and the entrepreneurial ecosystem converged on the Palace Hotel in San Francisco for the NVCA Leadership Gala & Summit.  The event was a huge success and provided for a great opportunity to download a little content, network with peers and reconnect with NVCA. (more…)

From Entrepreneur to Founder to Funder: Monique Woodard Champions a Diverse Ecosystem 

by & filed under Diversity, NVCA Blog.

Hannah Eckstein

Monique Woodard personifies a healthy diverse entrepreneurial ecosystem.

As a Founding Partner of Black Founders, a network of African American entrepreneurs, an entrepreneur herself and a former Fellow in the San Francisco Mayor’s Office of Civic Innovation, Monique’s experience spans all areas of the entrepreneurial ecosystem. Her continued efforts around diversity and inclusion tied into a robust work experience have marked her as a trailblazer in the technology and innovation sectors, a designation that landed her a role as 500 Startups newest Partner, and its first African American partner.  (more…)

Recap: Corporate Venture Strategy Session on Measuring and Communicating Value

by & filed under Corporate Venture, NVCA Blog.

Jessica Straus

Corporate venture investment hit a 15 year high in 2015, both in terms of deal participation and dollars deployed. CVCs deployed over $7.7B into 930 deals– participating in 1 of every 5 VC deals.  With this dynamic environment, we know it’s critical for corporates and traditional VCs to connect and communicate to foster a collaborative environment. (View our latest corporate venture data.)

As corporate venture investors increasingly lead rounds that influence the development of next-gen industries from the blockchain to cognitive computing, how can CVCs find new and better ways measure the strategic value they bring to startups? (more…)

A Busy Year for Venture Capital: NVCA’s 2016 Yearbook Review

by & filed under Exits, NVCA Blog, Research, Venture Investment.

Maryam Haque

 

We’re excited to release the 2016 NVCA Yearbook! While the thought of a “yearbook” may bring back painful memories of awkward high school photos, the NVCA Yearbook features statistics and insights on the entrepreneurial ecosystem, and further highlights the key role of industry data in quantifying the powerful economic force that is venture capital.

(more…)