Entrepreneurial

Competing for buzz and cash: Startup 2009 conference

It’s too late to get tickets for today’s Startup 2009 conference in NYC, but you almost don’t even need to be there. Event co-host Silicon Alley Insider, a NYC tech blog, is streaming the entire conference via live video now (watch below) and attendees inside are busy giving a blow-by-blow on Twitter.

The one-day conference features interviews with seasoned entrepreneurs and presentations by 10 emerging online companies carefully chosen by a panel of venture capital judges to compete for “bragging rights, buzz, and a $50,000 prize.” Here are the companies in the running: Advanced Marketing and Media Group, Adzoomi, Article One Partners, BeliefNetworks, Expensify, GlobeFunder Ventures, Good Health Advertising, Micronotes, Path 101, and Portfolio Monkey.

Update: Article One Partners, a startup that helps company’s establish patents or fight already existing ones, took the prize at Startup 2009.  Watch an interview with the company’s founder Cheryl Milone moments after the win (via The Deal).

from DealZone:

E Ink sale not much of a VC payday

E Ink's "electronic paper" is the special sauce that makes e-book readers like the Amazon Kindle possible, but it hasn't proven to be much of a meal for its venture capital backers.

The privately held company was purchased by Taiwanese display maker Prime View International on Monday for $215 million, 12 years after it emerged from a Massachusetts Institute of Technology laboratory.

peHUB notes that the decade-plus span is far from ideal for VCs (the ideal horizon is five to seven years). Even worse, VCs including Intel Capital, Motorola Ventures, Solstice Capital, the McClatchy Company, Lucent Technologies, FA Technology Ventures, and the Hearst Corporation sunk some $148.8 million into E Ink over the years, for an underwhelming 1.4 multiple.

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