Growthink Client Dr. Kevin Forsythe - A Hero Entrepreneur!

One of the great things about Growthink are the amazing and inspirational clients we work with, especially in the healthcare space. Dr. Kevin Forsythe of the Oregon Urology Institute is a real entrepreneurial hero - in addition to having a full-time workload as a radiation oncologist and a young family, Kevin in his "spare time" is working on cutting edge treatments and tools for prostate and breast cancer.  Quick Facebook shoutout to Kevin and to the dozens of amazing healthcare-focused entrepreneurs that make our world a healthier, happier place.

Ishan Jetley & Luke Brown Growthinker's of the Week!

For Luke, because of his Great thought leadership, his Great team Spirit, and always handling difficult communications with grace, maturity, and professionalism.

For Ishan, for his amazing work with multiple, highly complex clients and business models and his general can-do spirit of getting things done!

Great job Luke and Ishan

Growthinker Melissa Welch Speaking and Giving Back at the Youth Business Alliance Program

Melissa went above and beyond and gave back to the community with 60 minute presentation at  the Alliance College Ready Academy in South Los Angeles o 30 high school students accepted into the Youth Business Alliance Program based on having the highest GPAs in the school  and having an interest in and passion for business and entrepreneurship. 

Great and inspirational work, Melissa!!

U.S. Private Equity and Venture Capital Funds Earned Positive Returns for Q3 2013 and Improved on Their Q2 Results,

U.S. Private Equity and Venture Capital Funds Earned Positive Returnsfor Q3 2013 and Improved on Their Q2 Results, According to CambridgeAssociates

Returns for Venture Capital Investments Moved Ahead of Private Equity Year-to-Date

BOSTON, MA, Mar 05, 2014 (Menafn - Marketwired via COMTEX) --In the midst of a strong period for public equities and a healthyIPO market, U.S. private equity and venture capital funds generatedpositive returns for the third quarter of 2013, with venture capitaloutperforming private equity for the period. Over short and mediumterms ending on September 30, 2013, both alternative asset classescontinued to struggle against the public markets. Over the long termthe opposite remained true, as both private equity and venturecapital funds delivered returns that easily bested those delivered bypublicly traded equities, according to Cambridge Associates.

Quarterly returns for both indices were more than two percent greaterthan in the prior period. In the third quarter, the CambridgeAssociates LLC U.S. Private Equity Index rose 5.1%, bringing itsyear-to-date return to 13.3%. For comparison, the S&P 500 gained 5.2%and 19.8% over the same periods. The Cambridge Associates LLC U.S.Venture Capital Index returned 6.5% and 14.0%, respectively, for thequarter and year-to-date. Its closest public market counterpart, theRussell 2000, gained 10.2% and 27.7% for the same periods.

The table below details the performance of the Cambridge Associatesbenchmarks against several key public market indices. Returns forperiods of one year and longer are annualized.

JurisClerks

This is a great idea.

---------- Forwarded message ----------
From: John Tarantino, Esq. <svpsales@jurisclerks.com>
Date: Wed, Mar 5, 2014 at 11:01 AM
Subject: Request to Meet RE: JurisClerks' Fractional General Counsel and In-house Counsel Solutions
To: jay@growthink.com


Jay,

 

I am writing to ask if we can schedule a phone or in-person meeting on March 11th, 12th or 13th to discuss our Fractional General Counsel and In-House Counsel services. If these dates don’t work, please feel free to propose others.

 

Many companies are large enough to have complex legal needs, but do not have the budget or need for a full-time General Counsel, and thus are completely reliant on outside law firms. JurisClerks fills this void. Now corporations can take advantage of the tremendous cost-savings and many benefits of having their own General Counsel, when needed and as needed.

 

For companies with no General Counsel, JurisClerks can provide an experienced attorney to take on the role of General Counsel on a fractional, as-needed basis. For companies with an in-house law department, JurisClerks can provide seasoned attorneys with diverse experience to handle strategic projects and specific practice areas.

 

Benefits of JurisClerks’ Fractional General Counsel & In-House Counsel Solutions

 

  • A key advisor to the management team who understands your business, objectives, and risk
  • A leader who oversees all legal matters from inside the company including:
    • Governance, compliance and regulatory matters
    • BOD and corporate structure issues
    • Outside law firm and vendor management
    • Litigation Management
    • IP/Technology; Licensing/Contracts; M&A; Employment; Real Estate and other critical legal areas
  • Attorneys with the background and experience to match your business and needs specifically
  • Engagements and fees custom-tailored to your specific needs, and at a fraction of the cost of outside law firms

 

Founded and managed by attorneys, for 10 years JurisClerks has provided custom-tailored legal staffing solutions to corporations across the US. Visit www.jurisclerks.com for additional information.

 

We encourage you to contact us to schedule an initial phone or in-person meeting, and thank you for your consideration.

 

Sincerely,

 

John

 

John M. Tarantino, Esq.

VP, Sales & Marketing

JurisClerks®

In-house Attorney Staffing Solutions 

   www.jurisclerks.com

   admin@jurisclerks.com

   888.587.4712 (office)

   630.362.6339 (mobile)

 

Notice: Neither JurisClerks, Inc., its employees, nor contractors are engaged in the practice of law for you or your clients.  You are solely responsible for verifying any and all statements and research.   All information herein and all written and oral communications to you, in association with JurisClerks, Inc., is for research purposes only and is not intended and should not be relied upon as legal counsel or legal advice.   This Email and the information contained herein and attached is intended only for use of the individual or entity named above and may be subject to Work-Privilege and Attorney-Client Confidentiality. The foregoing transmission is provided only for the confidential use of its addressees

 

This e-mail is or may be construed as an advertisement. To opt out, please send an e-mail with REMOVE in the Subject Line to Info@JurisClerks.com, or contact us at

3070 Rasmussen Road, Suite 140, Park City, UT 84098 / 888.913.7666.

 

February IPO Activity Highest Since 2007

From Needham & Company:

U.S. equity markets staged an impressive turnaround in February. Despite a prolonged slump at the start of the year on concerns related to prospects for growth in China and the U.S., along with uncertainty in the emerging markets, domestic equity markets rallied to new highs at the end of the month on the back of Janet Yellen's testimony which voiced a potential decrease in tapering as response to recent disappointing domestic data points. On the final Thursday of February, the S&P 500 index rose 9 points to 1,854, surpassing its previous record high of 1,848, eventually closing out the month at 1,859. Furthermore, the Dow finished at 16,322, just short of its 16,576 record, and the NASDAQ added 1.0% on the week to finish at 4,308, short of its record close of 5,049.

In total, there have been 42 IPOs raising $8.2bn so far in 2014, the highest YTD activity since 2007 (also 42 IPOs). February activity saw 24 deals raise $2.3bn, the most active February since 2007 (27 IPOs). Of the 24 deals which priced in February, Varonis Systems (VRNS) was the only technology related deal. The VC backed company, which priced on February 27th, opened up 77% and eventually closed up 100% from its offer price on its first day of trading.

The technology IPO backlog remains very robust, however, with eleven companies filing their initial S-1 statements in February: GrubHub (GRUB), a developer and operator of an online food-ordering website, seeks to raise $100M; Everyday Health (EVDY), a provider of online consumer health solutions, seeks to raise $115M; 2U (TWOU), a provider of higher education degree programs online, seeks to raise $100M; A10 Networks (ATEN), a network equipment manufacturer, seeks to raise $100M; King Digital Entertainment (KING), an interactive mobile entertainment & gaming company, seeks to raise $500M; Borderfree (BRDR), a provider of international ecommerce solutions and cross-border expertise, seeks to raise $86M; Aerohive Networks (HIVE), a manufacturer of a cloud-managed mobile networking platform, seeks to raise $75M; Q2 Holdings (QTWO), a provider of cloud-based virtual banking solutions, seeks to raise $138M; Castlight Health (CSLT), a provider of software designed to make health care pricing options transparent, seeks to raise $100M; Amber Road (AMBR), a provider of global trade management products and solutions, seeks to raise $75M; and Rubicon Project (RUBI), an internet advertiser which automates the buying and selling of ads, seeks to raise $100M.

Also of note are two companies who filed their S-1 on March 3rd: Five9 (FIVN), a provider of cloud software for contact centers, seeks to raise $115M; and Opower (OPWR), a software company that helps utilities meet their efficiency goals through effective customer engagement, seeks to raise $100M.

The closely-watched, CBOE Volatility Index (VIX) fell to 14 by the end of February. Despite the index's stint in the high teens and twenties, we have not seen the spike meaningfully halt activity in the equity markets and have enjoyed healthy market activity throughout 2014. That said, as the calendar turns to March, investors will remain focused on the developments in the Soviet bloc given the mounting geopolitical concerns over the sovereignty of Ukraine.

*         The IPO Thermometer, measuring returns on IPOs in the last 90 days, was +95%, while the NASDAQ saw returns settle at +6% over the same period. Four companies remain in the 90-day look-back: Autohome (ATHM) is trading up 142% from its offer price; Nimble Storage (NMBL) is up 129%; Varonis Systems (VRNS) is up 96%; and Care.com (CRCM) is up 9% from its initial offering price.   (pg. 1 as of 2/28/2014)

*         The IPO Scorecard shows the issuer's first day trading results in comparison with its initial filing range. In February, Varonis Systems (VRNS) priced 22% above the midpoint of its range ($17 - $19) and traded up 100% on its first day. (pg. 2)

*         Page 3 is a linear version of the IPO scorecard. Note that data in September and October of 2011 was limited due to inactivity. (pg. 3)

*         The CBOE Volatility Index (VIX) is the most widely followed gauge of uncertainty in the market. The volatility charts track the CBOE VIX volatility index and its correlation to the rate of new issuers. The VIX closed February at 14. We view a reading below 20 as generally favorable for near-term capital markets activity. (pg. 5 -6)

*         The technology IPO backlog grew in February: one company completed its initial public offering (VRNS); eleven companies filed their initial S-1 (GRUB, EVDY, TWOU, ATEN, KING, BRDR, HIVE, QTWO, CSLT, AMBR, RUBI); and no companies withdrew their registration statements. (pg. 10)


Kickstarter Is About To Crowdfund Its $1 Billionth Dollar

Posted by Tech Crunch/Greg Kumparak (@grg)

How much money would you guess the Internet has collectively thrown at Kickstarter?

Don’t bother whipping out the ol’ graphing calculator — Kickstarter actually shares that number regularly. Sometime quite soon, Kickstarter will surpass $1 billion dollars pledged.

This comes from Kickstarter’s own statistics page, where the company regularly provides a breakdown of where the money is going on the site. As of this morning, Kickstarter has seen $999,209,752 dollars pledged to projects — or roughly $791K shy of the big B. They’ll likely pass the billion mark some time in the next few days.

One thing worth noting: this is dollars pledged across “Successfully Funded” projects, projects in progress, and those that didn’t meet their final goal. On Kickstarter, pledged money is only received if the campaign’s target goal is met. Kickstarter says that, of the billion dollars pledged overall, $858M has been pledged to successfully funded projects.

Other interesting stats that can be gleaned from the page:

  • 135,270 campaigns have launched on Kickstarter
  • Of those, 57,052 (43%) reached their funding goal. Of the larger chunk that does not succeed, 10% of those didn’t receive a single dollar.
  • While the “Games” category is only ranked sixth in terms of number of successfully funded projects (after Music, Film, Art, Publishing, and Theater), it has by far the most campaigns that have raised over $1M, and its campaigns have collectively raised more than any other category.
  • If your campaign can raise 20% of its goal, it’s 80% more likely to succeed.

(For the curious: Kickstarter takes a 5% cut of successful campaigns. I promised you wouldn’t need your calculator, so: on the $858M that has been pledged to successful projects at this point, that’s $42 million or so that went to Kickstarter.)



Fwd: NovoEd News: Put your ideas into action with our new courses!

Some cool courses here, especially the one on Venture Deals and on the Startup CEO...


Monthly Newsletter
January 2014

This Month's Highlights


Featured Upcoming Courses:

Startup CEO

Starts January 27
In this course, Matt Blumberg shares his experience as a startup CEO and covers a number of issues he has faced over the dozen years he has been a CEO. Learn how to manage your company, your employees and yourself, and make connections with other entrepreneurs, CEOs, and investors.

 

Venture Deals

Starts February 24
Get the inside scoop on venture capital from Brad Feld and Jason Mendelson who have been involved in hundreds of venture capital financings. You will learn from experts who wrote the book on venture deals and expand your network of angel investors, venture capitalists and entrepreneurs.


 

   Strategic Decisions Group

   Starts Feb 6

  Stanford University

  Starts Jan 27

   Stanford University

   Starts Feb 2

Explore more courses...


Recent Blog Posts:

Novopreneurs Opening Access to Wisdom of the Masses

Inspired by James Surowiecki’s book, “The Wisdom of Crowds” – in which New Yorker business columnist James Surowiecki demonstrates that large groups of people are smarter than an elite few when solving problems - Francisco Ruiz and Oscar Estrella, taking Technology Entrepreneurship, started Ranktab to help individuals gain insights to such questions from their friends and colleagues.

Student Story: Professional improvement one class at a time without the extensive videos

Stephen Lowe is a veteran in post-secondary education and online pedagogy but remains hungry for continuous improvement. Stephen has taken Designing a New Learning Environment and Design Thinking on NovoEd. He runs the designing thinking model regularly with his team and in conjunction with ADDIE pedagogy framework after taking these two courses.

Read more posts...


Keep learning,
Your NovoEd Team

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