Bernard Moon has a very accurate prediction for 2010: “I do predict at least one of the hot startups that have an incredibly high valuation and a ton of capital will not live up to the hype. It might even go public, but soon afterwards go down a similar path that Netscape did and fade
Office Ally is an electronic clearinghouse that acts as a go-between in processing insurance claims for doctors’ offices, clinics, and hospitals. Founder Brian O’Neill saw that although the United States often has the latest technology for clinical testing and patient care, it often lags when it comes to business operations in the health-care industry. O’Neill
SM: Who were the VCs that you raised money from? MH: Noventi Ventures was the main investor. There were two small firms, Greenhouse Capital and Big Sky Partners. We converted the notes and raised $5 million in new cash.
Readers, you may be aware of the Chase Community Giving contest on Facebook. One of India’s most trusted and credible NGOs, GiveIndia, is taking part in this competition to win a $1 million grant. The winner will be the NGO that gets the highest number of votes from Facebook users. The prize of $1 million
Guest author Vaswar Mitra explains how cities in both the East and the West can make riverfronts both showcases for local history and areas of economic importance. Click on the full article for this and all of the week’s posts.
SM: How much money did you raise through the angel process? MH: The first time we raised $750,000. We then did $2 million in convertible notes. After that we did a VC round.
By Guest Author Vaswar Mitra The greatest cities of the world and the cradles of civilization have grown up on the banks of rivers. These cities have a complex relationship with the water body that is built up in layers over the lifetime of the city and the sustaining of which is vital for preserving
SM: What are the requirements of a home, and how did you derive that there are 13 million homes that can handle your solution? MH: You need a lot that is half an acre or larger and at least a Class 3 wind.