Blog

Southeast Venture Conference Notes

Published: 2/5/2007 3:05:17 PM

I attended the Southeast Venture Conference this week, which was held at the brand-new Umstead Hotel & Spa in the SAS campus in Cary, NC.  As previously reported, the first annual conference was sold out.  It was full of venture firms, technology start-ups and service firms looking to connect with dealmakers.

A couple of things struck me:

1.  There were very few local venture investors in attendance.  Most firms were from elsewhere - Atlanta, Boston and New York.  Some were from as far away as Chicago and even Silicon Valley.  A few random discussions indicated that there are probably only four to six active venture firms in the North Carolina region.

2.  Local entrepreneurial activity is solid.  As a result of continuous spin-out activity from the N. Carolina university and college systems, there is no lack of good quality start-ups in various stages of development.

3.  Angel activity is increasing, albeit slowly.  There weren't any angel groups represented in the sponsor list and I didn't meet any angels.  Anecdotal discussions with regional venture firms indicated that they did not receive much in the way of deal flow from angel groups.  The most-reported reasons were that the tech bust washed many angels out of the venture investing business.  There are some encouraging signs, as a few regional groups continue to increase their visibility.

Overall, the conference had to be considered a success.  Time will tell whether companies received funding as a result of the conference, and if so how much.  From a networking and general activity & energy level, the conference indicated a solid interest in entrepreneurial technology opportunities in the Southeast.

Don Jones

www.VentureDeal.com

 

Don Jones
CEO, VentureDeal

Blog Home

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.

RSS Feeds

Add this page to your RSS aggregator page with a simple click of a button below.

Add to My Yahoo! Add to Netvibes
Add to Google