Included in this Issue:
- A Market Perspective: Axel Bichara on the State of the Technology Industry
Technology innovation has been accelerating during the last centuries and will continue to do so. Innovation helps drive entrepreneurship and new business opportunities. That’s good news for entrepreneurs and early-stage investors in the US where the state of innovation andentrepreneurship continue to be exceptional. There are plenty of excellent startup opportunities. The funding environment for start-ups will remain strong, with an abundance of capital from both VC and private investors. (continues...)
- New England First Round Transactions
Excerpt:
This edition of EEC Perspectives is devoted to first round financing and focuses on "Series A" financings. We plan two sister publications: one devoted to seed financings and one devoted to second and later round financings. Each of these publications is intended to provide data and analysis of the types of financing in which entrepreneurs often engage, and each will be published quarterly. These publications will present data and analysis on the number and size of transactions in the New England region and, with respect to numbers of transactions, nationally. They will also report and provide analysis on certain key terms of the New England transactions.
For this inaugural issue of EEC Perspectives, we have asked Axel Bichara of Atlas Venture to comment on the state of the technology industry. Axel points out that some of the most successful companies got started during an economic downturn. In addition to being among the most visible and active supporters of entrepreneurial activity in New England, Axel Bichara is a Partner with Atlas Venture where he focuses on software and services technology and was the lead investor in SolidWorks, a mechanical design automation software company, and a lead investor in SpeechWorks. We plan to bring you other points of view in future issues of EEC Perspectives.
We hope you will find the data and analysis useful to you in your financing efforts. We would like to hear from you if you have transactions or comments that might be interesting to others. Do not hesitate to send one of us at the EEC an email at info@foleyhoag.com. Also, please visit our Web site at emergingenterprisecenter.com and plan on attending some of the many networking and educational events we hold at the EEC. We hope you will find the EEC a valuable resource as you start and grow your company.
Download the Foley Hoag EEC Perspectives May 2008 Issue (.pdf)