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Simpleview Sale to Ridgemont Equity Partners

By: Ned Stringham

Exciting news to report on sale of Simpleview to Ridgemont Equity Partners.  Congrats to the Simpleview executive team, Arch Point Partners (the investment banker on the deal) and the Ridgemont team that snapped up this fantastic company.

http://www.marketwatch.com/story/ridgemont-equity-partners-invests-in-simpleview-provides-capital-for-growth-initiatives-2013-04-09

 

5 Ways to Detect a Fake SaaS Business

By: Ned Stringham

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As the software industry evolves, there are constantly new terms and phrases created to describe and categorize each new model. And, when one of those emerging models has success and the financial valuations for being connected to that model skyrocket, impostors appear and quickly contort their firms to be part of that hot, emerging category. That’s why today, if you ask almost any software company to classify themselves, whether they’ve been in business for 2 years or 10 years, you’ll hear all the hottest valuation terms: mobile, social, cloud, big data, SaaS, PaaS. This isn’t new. Who can blame us, we want higher valuations. More

February Venture Capital Deals

By: Admin

February saw many new funding deals for cloud, tech, mobile, SaaS and social media. Here’s the summary of new deals for February. More

Mobile Invades the Enterprise

By: Ned Stringham

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The revolution in mobile computing for consumers is well under way and moving faster than any technology wave before. Following right behind it is the enterprise adoption of mobile applications. IDC expects spending globally to reach $11.5 billion by 2014. This wave is likely to up-end industries, create new winners and losers and extend the process of creative destruction throughout the enterprise world as it has in the consumer world. More

What is Venture Capital? Making Sense of the Funding Process

By: Admin

We regularly get questions from entrepreneur’s seeking funding about the process, stages and jargon they read and hear in the market. Here is a quick table that will help explain “what is venture capital” and how the funding process works. Hope it’s helpful! More

One Reason SaaS Businesses Fail

By: Ned Stringham

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The Software-as-a-Service (SaaS) business model, when working right, is a financial analyst’s dream.
Revenue is recurring, customer attrition is low, gross margins usually exceed 70% and the business can scale quickly without adding people. The result is amazing cash generation and valuations exceeding 5, 7 and even 10x revenue. It’s clear why every venture capitalist, private equity firm, angel investor and management team in the software space is in love with software-as-a-service. More

Best State for Business…Utah?

By: Admin

If you polled 100 residents of Utah as to why they live in this state, less than 5 would say because it’s the best place in the country to start a business or build a career. San Francisco, New York, Chicago and maybe Dallas or LA are the more likely answers for that. Despite this dated perception,located in Salt Lake City has surpassed MIT as the most prolific creator of new businesses to become the top University in the country in this category. Even more recently, Forbes rated Utah as the number one state in the country for business after examining factors like business costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.
Then, just in the last few weeks the State of Utah revealed that it anticipates a $400 million budget surplus, yes surplus. Despite the sometimes crazy things that come out of the Utah legislature, they must be congratulated on keeping Utah’s fiscal house in order. California has some lessons to learn from Utah. More

Shoot for the Horizon Not the Stars

By: Ned Stringham

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It is true that to be an entrepreneur you must have a vision for your business and be unconstrained in your thinking about what’s possible; however, one of the most overlooked ingredients for success is never forgetting what it takes to survive. Sometimes just surviving long enough for your market to come alive or to figure out the right twist in your product or message is the difference between winning big and going under. The true story for many successful businesses involves tales of near death experiences, re-direction, and the will to survive. Too often media focuses on the hype, entrepreneurs dream about being the next Facebook and it all ends badly–either the business collapses or the founders get massively diluted in order to raise the cash to survive. More

Is “Serial Entreprenuer” Just Code for Serial Failure?

By: Ned Stringham

Have you noticed that just about everyone you speak with these days is a ‘serial entrepreneur?’ It’s the vogue thing to be. Like consultants in the late 80’s and venture capitalists in the late 90’s, everyone is trying to spin their story, but as before, the substance is often lacking. More

Kickanotch Fueled for Mobile

By: Admin

Today 42 Ventures announced the addition of it’s newest portfolio company, Kickanotch Mobile, a Kansas City upstart that provides a mobile software platform for broadcasters and publishers to reach and extend their audience through native mobile apps that provide new ways to engage and delight. Download and usage rates of the applications are soaring and Kickanotch’s easy to use analytics dashboard and control panel, make it simple to understand and target users with tailored features, promotions, advertising and offers. The company is led by a young, high-energy executive, Andy Lynn who’s passion for mobile has driven the business into the forefront of its target market in just over 1 year. It should be exciting to follow this dynamic enterprise over the coming months and years.

Drowning in Web-Based Tech Tools?

By: Ned Stringham

The proliferation of sales and marketing applications is growing at an unprecedented pace. Because of the tremendous value these tools can bring to businesses, the fragmentation and adoption of many new channels for marketing, the lower costs of cloud-based application development and the friendly environment for starting and funding new technology ventures, this deluge of new tools all makes sense. In fact, it seems likely to continue. More

Telling the Story Backwards

By: Ned Stringham

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When you read a story about a successful entrepreneur in the media, it’s important to remember that in almost every case it is being told after the fact, after the events and after the ‘success.’ By looking backward, the writer always knows how the story ends. They have the luxury of shaping the events to show the path to success. The hard edges are rounded off and miss-steps seem less important. Too often the actions the leaders could have taken that may have delivered greater success and examples of other companies that followed a similar path and failed go unreported. More