Message-ID: <19037717.1075861484935.JavaMail.evans@thyme> Date: Tue, 20 Nov 2001 05:22:31 -0800 (PST) From: alert@venturewire.com To: jdasovic@enron.com Subject: VentureWire Alert, Tuesday, November 20, 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: VentureWire Alert X-To: jdasovic@ENRON.COM X-cc: X-bcc: X-Folder: \JDASOVIC (Non-Privileged)\Dasovich, Jeff\Deleted Items X-Origin: Dasovich-J X-FileName: JDASOVIC (Non-Privileged).pst VentureWire Alert
VentureWire Alert
 For Jeffrey Dasovich, Enron
VENTURE
MARKET
SUMMARY
On Monday, VentureWire learned that Guide Ventures, a VC firm focused on West Coast-based seed and early stage IT companies, expects to raise $60 million to $70 million for its third fund next year. The firm will soon finish up investing out of its Guide Fund II, a $21 million fund that has a portfolio of 12 companies so far. Guide Fund III will invest 75% in wireless applications, IT infrastructure, and security and the rest in tools and applications for bioinformatics, a new investment focus for the firm.

For the 16 startups that pulled in a total of $146 million, including AcceLight, which landed a $60 million Series B, it was a good start to the holiday week. Not so for TechTV. The 24-hour cable television channel covering technology, information, and entertainment news, said it has laid off 130 employees, a reported 25% of its total staff. The company, which was formerly known as ZDTV, is owned by Vulcan Ventures.

It may not be bad news for the company, but SafeWeb's decision to discontiue its free consumer service didn't brighten the holiday spirits of that service's users. The company, which develops a secure Web browser that blocks the ability to trace browsing, said it has discontinued the free service to focus on business customers. The company may re-launch the consumer service through a fee-based subscription model, but it is currently focused on its new enterprise security product that has been in development for several months. SafeWeb has received funding from In-Q-Tel, the CIA's venture capital fund, which could mean the move is plot of a vast government conspiracy or perhaps it's just an attempt to actually turn a profit.

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Guide Ventures Plans $60 Million Fund for IT, Bioinformatics  mail 
SEATTLE -- Guide Ventures, a venture capital firm focused on seed and early stage IT companies on the West Coast, expects to raise $60 million to $70 million for its third fund next year, managing director Russ Aldrich told VentureWire. [more..]
http://www.guideventures.com

Pequot Opens First West Coast Office in Menlo Park  mail 
MENLO PARK, CALIF. -- Pequot Ventures, the direct venture investment arm of Pequot Capital Management, said it has opened a Menlo Park, Calif. office, its first on the West Coast. [more..]
http://www.pequotcap.com

Vulcan Venture's TechTV Lays Off 130 Staffers  mail 
SAN FRANCISCO -- TechTV, a 24-hour cable television channel covering technology, information, and entertainment news, said it has laid off 130 employees [more..]
http://www.techtv.com

SafeWeb Discontinues Free Service, Will Launch New Product  mail 
EMERYVILLE, CALIF. -- SafeWeb, the developer of a secure Web browser that blocks the ability to trace browsing online, said it has discontinued its free, consumer service. [more..]
http://www.safeweb.com

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netForensics Locks in $10.8 Million in Ongoing Series B  mail 
EDISON, N.J. -- netForensics, a developer of software for real-time network security information and analysis, is expected to announce it has raised $10.8 million in its ongoing Series B round. [more..]
http://www.netforensics.com

AcceLight Networks Raises $60M in Series B Round  mail 
PITTSBURGH -- AcceLight Networks, which designs and manufactures a photonic service switch, said it raised $50 million in equity and $10 million in debt financing in its over-subscribed Series B round of funding. [more..]
http://www.accelight.com

Aegis Analytical Gets $14.5 Million in Second Round Funding  mail 
LAFAYETTE, COLO. -- Aegis Analytical, a provider of manufacturing informatics software systems for pharmaceutical and other manufacturers, said it received $14.5 million in second-round funding. [more..]
http://www.aegiscorp.com

Inventory Software Firm Contextual Launches with $11M  mail 
AUSTIN, TEXAS -- Contextual, a software company providing Web-based tools to manufacturers and distributors, announced its launch with $11 million in funding. [more..]
http://www.contextual.com

Audio Conferencing Firm Octave Sounds Out $17M in Round Four  mail 
NASHUA, N.H. -- Octave Communications, a provider of hardware and software for audio conferencing, said it raised $17 million in its fourth round of funding. [more..]
http://www.octavecomm.com


Healthcare Outlook

Dr. Michael Friedman
SVP, Research & Development
Pharmacia Corp.

If it's an expert viewpoint from both sides of the
regulatory divide you're looking for, Michael Friedman's
superbly qualified to ask. A former acting commissioner
of the FDA, and currently head of research at Pharmacia,
he understands both the drug regulatory process and the
pharmaceutical research and development process
intimately. He bridges all the key areas on what it
takes to get a drug through development and approval.
On October 30th, it was announced that he will spearhead
the Pharmaceutical Research and Manufacturers of America's
(PhRMA) initiative to protect public health as PhRMA's
Chief Medical Officer for Biomedical preparedness.

Register your place today to hear his address at
Healthcare Outlook

Healthcare Outlook
San Francisco Airport Marriott
January 22, 2002

http://www.healthcareoutlook.com

Red Herring Cuts 27%, Puts Conference Business on Ice  mail 
SAN FRANCISCO -- Red Herring Communications, a publisher of print and online news publications, has laid off 27% of its employees and canceled conferences planned for the first half of 2002, a spokesperson said. [more..]
http://www.redherring.com


Pervasive Computing Outlook

In today's world, alchemy has less to do with transmuting
lead into gold than it does turning silicon into cash.
Alchemy Semiconductor, an Austin-based fabless
semiconductor company founded by key members of the
former DEC Alpha/StrongARM design team, has focused its
wizards on developing high-performance, low-cost
systems-on-a-chip for PDAs, Internet appliances, and
other Internet edge devices. Among the latest feats
is a processor that can handle real-time streaming
video and audio in the MPEG-4 format. CEO Jim Moore
will present Alchemy's story and technology at
Pervasive Computing Outlook.

Register today to guarantee your place.

Pervasive Computing Outlook
December 4 & 5, 2001
San Francisco Airport Marriott
http://www.pervasivecomputingoutlook.com

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