Posts Tagged ‘Cincinnati’
Wednesday, February 29th, 2012
 Business travelers frequently need restaurants that have great food, but also good service, since they’re often on the run. If you’re looking for U.S. restaurants with top notch service, here’s some help from Open Table.
OpenTable, Inc. (NASDAQ: OPEN), a provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants, has disclosed the 2012 Diners’ Choice Award winners for the 100 restaurants in the United States providing the best service.
Open Table founder Chuck Templeton is among the top speakers at the Southeast Venture Conference which started this morning in Tysons Corner, VA, and runs through tomorrow. Templeton created and defined the restaurant reservation space after founding OpenTable in 1998, after his wife spent a frustrating evening one night trying to make dinner reservations for his visiting in-laws one night in San Francisco.
OpenTable’s successful IPO in 2009 was a milestone that helped to reopen the public market for tech companies.
Awards reflect millions of opinions
These awards reflect the combined opinions of nearly 5 million reviews submitted by verified OpenTable diners for more than 12,000 restaurants in all 50 states and the District of Columbia.
Regionally, the honorees span 29 states and Washington, D.C. The South reinforces the notion of southern hospitality, with 22 restaurants in the region being singled out for best service. The Northeast boasts 15 winning restaurants, including 10 in New York alone.
The Pacific region accounts for 14 winners, 10 of which are in California, as does the Mid-Atlantic, with six restaurants in Virginia claiming spots. Eleven winners come from the Great Lakes Region, four of which are in the Twin Citiesarea.
The Pacific Northwest and the Southwest follow with seven honorees apiece. The Rocky Mountain States count five winners, while the Central Plains has four, three of which are in Missouri. One restaurant in Hawaii also earned a nod.
American food restaurants rack up 40 winners
Superior service can be found across a number of cuisines. Restaurants serving American food, however, account for 40 winners. French restaurants earned 25 places on the list.
Steakhouses followed with 17 spots. Seven Italian restaurants are among the winners. Other cuisines include continental, global international, Japanese, seafood, and sushi.
“The most memorable part of a meal may not be just what’s on your plate, but also, that exceptional staffer who goes the extra step to ensure an enjoyable dining experience,” says Caroline Potter, OpenTable’s Chief Dining Officer.
“These winning restaurants understand this concept and have consciously created a culture of hospitality that is embraced by both front and back of house professionals. Whether it’s a grand gesture, such as a tour of the kitchen, or a simple one, like a warm smile from an attentive server, diners are coming away from these restaurants feeling special.”
The Diners’ Choice Awards for the top 100 restaurants providing the best service are generated from nearly 5 million reviews collected from verified OpenTable diners between February 2011 and January 2012. All restaurants with a minimum number of qualifying reviews were included for consideration. Qualifying restaurants were then scored and sorted according to the highest average rating in the service category.
Based on this methodology, the following restaurants, listed in alphabetical order, comprise the top 100 restaurants with the best service in the U.S. according to OpenTable diners.
The complete list may also be viewed athttp://www.opentable.com/bestservice.
2012 Diners’ Choice Award Winners for Restaurants in the U.S. with the Best Service
Acqua Restaurant & Wine Bar – White Bear Lake, Minnesota
Acquerello – San Francisco, California
Addison at The Grand Del Mar – San Diego, California
Bacchanalia – Atlanta, Georgia
Bibou – Philadelphia, Pennsylvania
Binkley’s Restaurant – Cave Creek, Arizona
Bistro L’Hermitage – Woodbridge, Virginia
Blue Hill at Stone Barns – Pocantico Hills, New York
Bluestem – Kansas City, Missouri
Bones – Atlanta, Georgia
Cafe Renaissance – Vienna, Virginia
Canlis – Seattle, Washington
Capital Grille – Minneapolis, Minnesota
Castagna – Portland, Oregon
Chama Gaucha Brazilian Steakhouse – Downers Grove, Illinois
Charleston – Baltimore, Maryland
Charleston Grill – Charleston, South Carolina
Chez Francois – Vermilion, Ohio
Chez Nous French Restaurant – Humble, Texas
CityZen – Washington, D.C.
Congress – Austin, Texas
The Copper Door – Hayesville, North Carolina
Corbett’s Fine Dining – Louisville, Kentucky
Cyrus – Healdsburg, California
Daniel – New York, New York
Daniel-Lounge Seating – New York, New York
Del Posto – New York, New York
Dewz – Modesto, California
The Dining Room-Biltmore Estate – Asheville, North Carolina
Eleven Madison Park – New York, New York
Elizabeth on 37th – Savannah, Georgia
Farmhouse Inn & Restaurant – Forestville, California
Fat Canary – Williamsburg, Virginia
Fearrington House Restaurant – Pittsboro, North Carolina
Fig Tree – Charlotte, North Carolina
Forage – Salt Lake City, Utah
Fountain Restaurant – Philadelphia, Pennsylvania
Frasca Food and Wine – Boulder, Colorado
The French Room – Dallas, Texas
Genoa Restaurant – Portland, Oregon
Gordon Ramsay at the London – New York, New York
The Grill-The Ritz Carlton – Naples, Florida
Grouse Mountain Grill – Avon, Colorado
Halls Chophouse – Charleston, South Carolina
Hannas Prime Steak – Rancho Santa Margarita, California
Herons – Cary, North Carolina
Highlands Bar & Grill – Birmingham, Alabama
The Hobbit – Orange, California
joan’s in the Park – St. Paul, Minnesota
Kai-Sheraton Wild Horse Pass Resort – Chandler, Arizona
Killen’s Steakhouse – Pearland, Texas
The Kitchen Restaurant – Sacramento, California
La Belle Vie – Minneapolis, Minnesota
La Grenouille – New York, New York
La Mer at Halekulani – Honolulu, Hawaii
L’Auberge Chez Francois – Great Falls, Virginia
Le Bernardin – New York, New York
Les Nomades – Chicago, Illinois
L’Etoile Restaurant – Madison, Wisconsin
Madrona Manor – Healdsburg, California
Mahogany Prime Omaha – Omaha, Nebraska
Marcel’s – Washington, D.C.
The Melting Pot – Myrtle Beach, South Carolina
Menton – Boston, Massachusetts
Michael’s-South Point Casino – Las Vegas, Nevada
Mitchell’s Ocean Club – Columbus, Ohio
Morton’s The Steakhouse – Portland, Oregon
New York Prime – Myrtle Beach, Florida
Niche – St. Louis, Missouri
Nicholas – Red Bank, New Jersey
o ya – Boston, Massachusetts
Opus 9 Steakhouse – Williamsburg, Virginia
Orchids at Palm Court – Cincinnati, Ohio
The Painted Lady – Newberg, Oregon
Palace Arms at the Brown Palace – Denver, Colorado
Peninsula Grill – Charleston, South Carolina
Pepper Tree Restaurant – Colorado Springs, Colorado
Per Se – New York, New York
Plume at the Jefferson Hotel – Washington, D.C.
Rafain Brazilian Steakhouse – Dallas, Texas
The Restaurant at Meadowood – Saint Helena, California
Restaurant Iris – Memphis, Tennessee
Rover’s – Seattle, Washington
Rudy & Paco’s Restaurant & Bar – Galveston, Texas
Russell’s Steaks, Chops, and More – Williamsville, New York
Ruth’s Chris Steak House – Jacksonville, Florida
Saint Jacques French Cuisine – Raleigh, North Carolina
Sedgley Place – Greene, Maine
Sonoma – Princeton, Massachusetts
St. John’s Restaurant – Chattanooga, Tennessee
The Steak House at Silver Reef – Ferndale, Washington
Tony’s – St. Louis, Missouri
TRU – Chicago, Illinois
Uchi – Austin, Texas
Uchiko – Austin, Texas
Vetri – Philadelphia, Pennsylvania
Vic & Anthony’s Steakhouse – Las Vegas, Nevada
Vintage Tavern – Suffolk, Virginia
White Barn Inn – Kennebunk, Maine
Woodfire Grill – Atlanta, Georgia
Diners can also read more about the Diners’ Choice Awards for the Best Service restaurants in the U.S. by visiting OpenTable Chief Dining Officer Caroline Potter’s “Dining Check” blog.
Tags: Acqua Restaurant, Addison at the Grand Del Mar, Asheville, Atlanta, Austin, Avon, AZ, Bacchanalia, Baltimore, Bibou, Binkley's, Bistro L'Hermitage, Blue Hill at Stone Barns, Bluestem, Bones, Boston, Boulder, CA, Castagna, Cave Creek, Charleston, Charlotte, Chattanooga, Chez Francois, Chez Nou, Chuck Templeton, Cincinnati, City Zen, CO, Congress, Corbett's Fine Dining, Dallas, Daniel, Daniel-Lounge, DC, Del Posto, Dewz, Eleven Madison Park, Elizabeth on 37th, Farmhous Inn, Fat Canary, Fearrington House, Fig Tree, FL, Forage, Forestville, Fountain Restaurant, Frasca Food & Wine, GA, Galveston, Genoa, Gordon Ramsay at the London, Greene, Grouse Mt. Grill, Halls Chophouse, Hannas Prime Steamk, Hayesville, Humble, Jacksonville, Kansa City, Kennebuink, KY, Louisville, Maine, MD, Memphis, MI, Missouri, Modesto, NC, Newberg, Niche, Nicholas, NJ, NY., o ya, OH, Open Table, Opus 9, OR, Orchids at Palm Court, PA, Peninsula Grill, Pepper Tree, Per SE, Philadelphia, Pittsboro, Pocantico Hills, Portland, Princeton, Raleigh, Rancho Santa Margarita, Red Bank, Restaurant Iris, Rover's Seattle, Rudy & Paco's, Ruth's Chris Steak HOuse, Saint Jacques French, Salt Lake City, San Diego, San Francisco, Savannah, Sedgley Place, SEVC, Sonoma, St. John's, St. Louis, Suffolk, The Copper Door, The Dining Room -Biltmore Estate, The French Room, The Painted Lady, TN, TX, Uchi, Uchiko, VA, Vermilion, VEtri, Vic & Anthony's Steakhouse, Vintage Tavern, WA, White Barn Inn, Williamsburg, Woodbridge
Posted in Internet/New Media, Studies, surveys, reports | 1 Comment »
Wednesday, May 4th, 2011
 artist's rendering of the American Undergroun at the American Tobacco Campus in Durham, NC DURHAM, NC – Durham’s LaunchBox Digital is the only Southeast firm, unless you count two in Texas, to make a list of the top 15 U.S. Startup Accelerators by Tech Cocktail.
The list, compiled as part of filed work for the Kauffman Fellows program by Aziz Gilani in partnership with Tech Cocktail and Kellogg School of Management, weighed financing events, the success of companies funded after completing the program, and program characteristics to establish the rankings.
TechStars Boulder edged out Y Combinator for the top position, while Chicago’s Excelerate Labs and LaunchBox Digital were very close as the third and fourth top programs.
Others, in order, are: TechStars Boston, Kicklabs, San Francisco, TechStars Seattle, Tech Wildcatter, Dallas, DreamIt Ventures, Philadelphia, The Brandery, Cincinnati, OH, Capital Factory, Austin, NYC SeedStart, Betaspring, Providence, RI, BoomStartup, Salt Lake City, UT, and AlphaLab, Pittsburgh, PA.
We recently reported on LaunchBox startup Spring Metrics, which landed seed funding and moved to larger offices in downtown Durham not long after joining the program. Spring Metrics CEO Doug Kaufman recently told us the accerlerator, located in the American Underground in the American Tobacco Campus in Durham, was essential to its quick start and ability to get seed funding.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: American Tobacco Campus, American Underground, and AlphaLab, Austin, Aziz Gilani, Betaspring, BoomStartup, Capital Factory, Cincinnati, Dallas, DreamIt Ventures, Kauffman Foundation, Kicklabs, LaunchBox Digital, NYC SeedStart, OH, PA, Philadelphia, Pittsburgh, Providence, RI, Salt Lake City, San Francisco, Tech Cocktail, Tech Wildcatter, TechStars Boston, TechStars Seattle, The Brandery, top U.S. accelerators, UT
Posted in Carolinas, Internet/New Media, North Carolina, Studies, surveys, reports | 2 Comments »
Wednesday, April 27th, 2011
 RALEIGH, NC – Peak 10 Inc., a managed services company with world-class data centers is hosting IPv6 Engineering Series events throughout its 10 markets in order to help business and IT leaders prepare for the impending IPv6 adoption.
In addition to the IPv6 Engineering Series, Peak 10 has released a white paper on the topic and recently sponsored the South Florida Technology Alliance event in which John Curran, the president and CEO of the American Registry for Internet Numbers, spoke about the imminent transfer from IPv4 to IPv6.
“We want to ensure that our customers as well as other businesses in our markets are adequately prepared for the addition of IPv6 to their network, and education is our key initiative. It is important to not only educate IT managers, but everyone in the business about IPv6 as it could affect many aspects of a company,” said Ronnie Frames, the director of network services at Peak 10. “There are many misconceptions surrounding IPv6 and we want to provide clarity and guidance on the subject.”
Both the IPv6 Engineering Series and SFTA events are geared toward identifying the realities of IPv6 and how companies can prepare for its adoption.
Many do not understand adoption is not mandatory
“Many people do not understand that the adoption of IPv6 is not mandatory, however it is the evolution for the continued growth of the Internet,” said Frames. “That being said, it is important that companies proactively budget and plan for an inevitable implementation in their network.”
Peak 10 Network Engineering spent countless lab hours preparing and planning for overlaying IPv6 on their backbone. “We wanted to assure our IPv6 deployment followed standards that technical staffs were already familiar with so that the learning and training aspects were minimized,” said Don Lundquist, senior manager of network engineering at Peak 10. “We integrated IPv6 into our existing network design so that our team easily understood the deployment methodologies for provisioning and operation.”
In addition to hosting and sponsoring IPv6 events, Peak 10 has also released an IPv6 white paper, “A Practical Guide to Preparing for IPv6,” the first of three in an IPv6 series. The paper is designed to walk readers through the reasons behind the IPv6 adoption, and explain the steps that will need to be taken in order to make businesses IPv6-ready. For more information about IPv6 or to read this white paper, click here.
Peak 10′s managed IT and data center services improve performance and reliability, lower costs and maximize internal resources for customers while keeping their valuable information technology assets close to the business. The company combines its secure, private network and enterprise-class data centers with world-class engineering and support to serve market-leading companies nationwide. As a managed services leader, Peak 10 offers a wide range of technology solutions including virtualization, managed hosting, and cloud-based services in a cost-efficient and reliable platform for its customers.
The company owns and operates data centers in 10 markets that include Cincinnati, Ohio; Atlanta, GA.; Raleigh and Charlotte, NC; Tampa, Jacksonville and Fort Lauderdale, FL.; Nashville, TN.; Louisville, KY.; and Richmond, VA.
Tags: Cincinnati, data centers, Events, FL.; Nashville, Ga.; Raleigh and Charlotte, Jacksonville and Fort Lauderdale, Ky.; and Richmond, NC; Tampa, Ohio; Atlanta, Peak 10, preparing for IPv6, TN.; Louisville, VA, white paper on IPv6
Posted in Business advice, Internet/New Media, IT | No Comments »
Tuesday, April 5th, 2011
 SAN DIEGO–Want to live a longer life? Move to Salt Lake City, the DC-Balitmore area, Raleigh-Durham-Chapel Hill, San Francisco, or Austin. On the other hand, Knoxville and Nashville, TN, Greensboro/Winston-Salem, and Tampa and Jacksonville, FL, may make you old before your time. So says and new report by RealAge.
Southeast and western cities are among the top ten on RealAge’s list of the “youngest” cities in America—metropolitan areas with such healthy lifestyles that on average their residents are physically at least two years younger than their chronological age, and many are years younger than that. RealAge analyzed data from the largest 50 metropolitan areas to compile the rankings.
A passion for fitness and a loathing for smoking are key factors in Salt Lake City’s number one ranking. At the other extreme, residents of Knoxville, Greensboro/Winston-Salem, and Nashville are aging faster than they should. (Get an infographic of the 10 youngest and oldest cities here.)
What are the 10 metro areas where you have the best odds of staying young?
1. Salt Lake City, Utah
2. San Francisco/Oakland/San Jose, Calif.
3. Austin, Texas
4. Denver, Colo.
5. Boston, Mass.
6. Washington, DC/Baltimore, Md.
7. San Diego, Calif.
8. Raleigh-Durham/Chapel Hill, N.C.
9. Minneapolis/St. Paul, Minn.
10. Seattle/Tacoma/Bremerton, Wash.
Which metro areas are likely to make you old before your time?
1. Knoxville, Tenn.
2. Greensboro/Winston-Salem/High Point, N.C.
3. Nashville, Tenn.
4. Saginaw/Bay City/Midland, Mich.
5. Cincinnati, Ohio
6. Tampa/St. Petersburg, Fla.
7. Oklahoma City, Okla.
8. Las Vegas, Nev.
9. Jacksonville, Fla.
10. Tulsa, Okla.
“Each city’s ranking is more than just a number,” says Keith Roach, MD, Chief Medical Officer of RealAge and a co-creator of its test. “It’s a unique assessment of the healthy lifestyles, or lack of them, in each metro area—of how people live there, what they’re doing right and what they need to change. If you live in one of the 10 oldest cities, take this as the alarm on your body’s aging clock going off! It’s never too late for a fresh start.”
Note that half of the 10 youngest cities are in the Western U.S., from Denver to Seattle.
“Maybe it’s the weather, maybe it’s the mountains, but Western cities have adopted active lifestyles that can slow down the aging process,” says Dr. Roach.
Behind the Rankings
To compile the rankings, RealAge analyzed data for America’s 50 largest metropolitan areas generated by its landmark online assessment, the RealAge Test, taken by over 27 million people. This is the first time the company has analyzed aggregated results on a city-by-city basis.
A random sample of 1,000 RealAge members was drawn from each city. The sample data was adjusted for age differences, so a metropolitan area that’s a magnet for retirees wasn’t penalized, and a city jammed with university students didn’t benefit.
The Test uses a powerful algorithm that combines the latest scientific studies with lifestyle, genetics, and medical history to calculate your RealAge—how old your body thinks you are.
What Makes a City Younger or Older
While multiple lifestyle factors are involved, here are four big ones that help people in Boston (the 5th youngest city), for example, stay younger and healthier than those in Cincinnati (the 5th oldest):
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Getting the right amount of sleep. Six of the 10 youngest cities are among those with stellar sleep habits. And (surprise) New York isn’t the city that never sleeps—the Big Apple ranks second in ZZZ’s; Austin is first. Sleeping six to nine hours a night can make your RealAge as much as 3 years younger. |
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Stubbing out cigarettes for good. Four of the five fastest-aging cities have the highest percentage of smokers. |
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Not sitting around. Six of the 10 youngest cities are among the most physically active in the country. A daily 30-minute walk can make your RealAge up to 3.5 years younger. |
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Controlling your blood pressure. Five of the 10 fastest-aging cities—Knoxville, Cincinnati, Oklahoma City, Jacksonville, and Tulsa—are among the worst for high blood pressure. Nothing ages you faster. Who has the lowest BP? Residents of Minneapolis-St. Paul, the 9th youngest city. |
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: Austin TX, Baltimore, Cincinnati, CO, DC, Denver, FL, Greensboro, High Point, Jacksonville, Knoxville, Las Vegas, MD, Nashville, NV, OH, OK, Oklahoma City, Raleigh-Durham-Chapel Hill, Realage.com, San Diego, San Fransciso, Seattle, St. Petersburg, Tampa, TN, Tulsa, Winston Salem
Posted in Carolinas, Florida, Maryland, North Carolina, Other SE, Potomac, Studies, surveys, reports, Tennessee, Washington, DC | No Comments »
Tuesday, October 5th, 2010
RALEIGH, NC – Peak 10 Inc., a managed services company and data center operator, and Welsh, Carson, Anderson & Stowe, a private equity firm, have closed a transaction in which Welsh Carson has become the majority shareholder of Peak 10.
As part of the acquisition, Peak 10 has closed a new credit facility for $155 million.
Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business. The $155 million credit facility will be used to accelerate Peak 10’s growth plans in managed services and high-growth markets.
“This is a tremendous milestone for our management team and entire company,” said Brian Noonan, executive vice president and chief financial officer.
Two members of the Welsh Carson team, John Clark and Darren Battistoni, will now serve on Peak 10’s board, with Clark serving as chairman. The company will continue its successful track record of organic growth through construction of additional data centers in its existing markets, the addition of greenfield markets, strategic acquisitions and expansion of its service portfolio to meet increasing customer demand.
“We have worked with the Peak 10 management team for several years and have always been impressed by its careful and tactical use of financial resources,” said Ken Klassen, Managing Director, at RBC Capital Markets. “For this very reason, we continue to support Peak 10’s growth strategy and are excited to see it capitalize on the opportunities that lie ahead.”
Peak 10 combines its secure, private network and enterprise-class data centers with world-class engineering and support to serve market-leading companies nationwide.
Peak 10 offers a wide range of technology offerings including virtualization, managed hosting and cloud-based services in a cost-efficient and reliable platform for its customers. The company owns and operates data centers in ten key markets that include Cincinnati, Ohio; Atlanta, Ga.; Raleigh and Charlotte, N.C.; Tampa, Jacksonville and Fort Lauderdale, Fla.; Nashville, Tenn.; Louisville, Ky.; and Richmond, Va.
Tags: acquistions, Cincinnati, credit line, Fla.; Nashville, Ga.; Raleigh and Charlotte, Jacksonville and Fort Lauderdale, Ky.; and Richmond, N.C.; Tampa, Ohio; Atlanta, Peak 10, Tenn.; Louisville, VA, Welsh Carson
Posted in Acquisitions, Carolinas, Florida, Georgia, Internet/New Media, IT, Kentucky, North Carolina, Other SE, Potomac, Tennessee, Virginia | No Comments »
Friday, May 14th, 2010
By Allan Maurer
 Rik Vandevenne RALEIGH, NC – River Cities Capital Funds has had a string of successful exits among its Software-as-a-Service (SaaS) portfolio companies recently and may soon have another—Cary, NC-based SciQuest, which is lined up to launch an initial public offering of stock.
Raleigh-based River Cities Principal Rik Vandevenne tells us that the firm invested in eight SaaS companies, “primarily in the 2002-2007 timeframe before people really understood the power of the SaaS model.”
SPS Commerce, a St. Paul, Minnesota-based SaaS supply-chain software company, launched a successful IPO April 22 and became the only one of a busy day to trade above its $12 IPO price, opening at $14 on the Nasdaq exchange.
SPS Commerce marks the third successful SaaS portfolio exit for River Cities in the recent past. In 2007 California-based EVault was sold to Seagate for $185 million as the foundation of their managed data protection services offering, i365. In 2009 McAfee acquired Denver-based MX Logic for $170 million to add hosted email filtering to its “Security as a Service” solution.
Vandevenne points out that such success stories are important because the venture industry is shrinking and funds will have to show good returns to keep investing in high growth companies. He adds, “We think there is an appetite in the public markets for high growth tech companies.”
Actively looking for deals
River Cities, which also has an office in Cinncinnati, Ohio, has been investing in Midwest and Southeast startups for 25 years and has had a Raleigh office for ten, Vandevenne says. “We’re actively investing and looking to make investments,” he adds.
Vandevenne joined Ed McCarthy at the Raleigh office in 2004
“We are investing out of our fourth fund, $120 million, that we raised in 2008. We primarily invest in the Midwest and Southeast which we believe are underserved venture territories and look to partner with visionary entrepreneurs to grow market leading companies.”
Vandevenne says that means “You may have to turn over more stones to find the gems, but not all the gold is in California.”
“We invest in healthcare and information technology companies that are beyond the concept stage and have meaningful revenues and customers that validate the model.
Prepared for follow-on investments
“In healthcare we invest in medical devices, healthcare Services and healthcare IT.” He says that in medical device companies, River Cities looks for those useful to “the average doctor, not just the super specialized surgeon with magic hands,” and where there is a clear path to reimbursement and the money it invests will go primarily to sales and marketing.
“On the information technology side we look for SaaS, Cloud, enterprise software and technology enabled business services.”
Vandevenne says the firm typically invests from $3 million to $6 million initially, but “always reserve significant capital for further investment as things often take longer than one expects.”
He says River Cities is looking for visionary entrepreneurs with a proven model that has revenue of about $2 million annually.
Portfolio companies hiring
We hope some lawmakers in DC are reading this. As more evidence that startup firms and the venture industry are the real job creation engines in the United States, Vandevenne says there are 55 portfolio company jobs listed on River Cities Web site and “That’s only a fraction of the jobs they have open.”
That’s in line with our earlier story noting that many portfolio companies of other regional venture firms also have numerous job openings.
In addition to SciQuest–which Vandevenne could not discuss since it is lined up for an IPO–the firm’s Southeast portfolio companies include Prenova, Afterbot, and Prosero, and EndoChoice, in Atlanta, Privaris, Charlottesville, VA, High Speed Access in Louisville, KY, and Convey Systems in Charlotte.
Tags: Cary, Cincinnati, Ed McCarthy, Evault, IPOs, MX Logic, NC, Raleigh, Rik Vandevenne, River Cities Capital Funds, SaaS, SciQuest, SPS Commerce
Posted in Carolinas, Georgia, IPOs, IT, Money, North Carolina | No Comments »
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