Go to Top

2001

“Up for Grabs”

December 15, 2001 Wireless Review By Chris Goldman Leap Wireless took another significant step toward wireless data services in November with its selection of Cambia’s mobile data server solution. A crop of entrepreneurial start-ups similar to Cambia Networks is racing to ink similar carrier deals. While applications have been the focus of the wireless data industry for about the last two years, recent focus — and venture capital — has shifted to the network. According to Rutberg & Company research, funding for startup wireless infrastructure and semiconductor vendors accelerated in the past 15 months while investment in application developers, middleware …
Read More

“Starting up while others slow down”

October 30, 2001 CBS.MarketWatch.com By Bambi Francisco It’s hard to raise new venture funds these days or start an investment bank. But not impossible, as two firms have shown. Former TV producer and former founder of IXL Enterprises Kevin Wall is a partner at Shetler Capital Partners. He and his partner Art Bilger, an angel investor in Akamai Technologies (AKAM: news, chart, profile), raised a $175 million fund, which just closed on Sept. 30. It’s a sizable amount for the Los Angeles-based firm or any firm. Many firms are having difficulty spending the capital that’s already committed. “It was difficult …
Read More

“Budding investment banks grow from wreckage of layoffs”

October 25, 2001 San Jose Mercury News By Deborah Lohse Like clover growing from a parched field, a number of seedling investment banks are sprouting from the wreckage of layoffs afflicting the technology investment-banking community. Many of the valley’s top investment banks — including Bank of America, Credit Suisse First Boston, J.P. Morgan Chase, Morgan Stanley Dean Witter and Merrill Lynch — have announced or enacted steep layoffs. Now, some refugees, including many who left voluntarily, are starting shoestring investment-banking shops, betting that they can weather this dreary time and build business with small technology start-ups that could become the …
Read More

“New Boutique Investment Bank Seeks Bankers”

October 15, 2001 Teletech Financing Week San Francisco-based Rutberg & Co., a boutique investment bank focused on raising private equity for mid- to late-stage private companies, is looking to hire two v.p.-level investment bankers, according to Bryan Rutberg, chairman and ceo. The investment bank, which was established in the spring and received its broker-dealer license two weeks ago, is gearing up to look for mandates. Rutberg left UBS Warburg, where he was executive director and head of Internet investment banking, about a year ago to pursue entrepreneurial interests. Prior to UBS, he was v.p. and founding member of Montgomery Securities’ …
Read More

meVC Draper Fisher Jurvetson Fund I Leads ProcessClaims’ 4.0 million C round

Redondo Beach, CA, – June 20, 2001 – ProcessClaims (www.processclaims.com) announced the closing of their latest round of financing led by meVC Draper Fisher Jurvetson Fund I (NYSE:MVC). Big Sky Partners, who led the previous round, is again participating in the current round of financing. meVC Draper Fisher Jurvetson Fund I is a publicly traded information technology venture capital fund providing individual investors access to venture capital investments. “The ProcessClaims solution streamlines the insurance industry’s often redundant and cost-inefficient automobile claims process,” said John M. Grillos, Chairman, CEO and Managing Member of the meVC Draper Fisher Jurvetson Fund I. “We …
Read More