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News for Innovators, Investors and Developers
Lipper Current Weekly : The pulse of the innovation economy
Front Page Innovators Investors Developers
 
January 26, 2010   |   Vol. 2, Issue 4
 
FEATURE
Kauffman: 2010 State of Entrepreneurship Address
January 20, 2010 | Kauffman Foundation
Carl Schramm, president and CEO of the Ewing Marion Kauffman Foundation, unveiled a new survey of entrepreneurs, commissioned by the Kauffman Foundation and conducted by Douglas Schoen, LLC that shows entrepreneurs are optimistic about their companies but are struggling to expand and create jobs in the current economy.
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Past Decade Warmest Ever, NASA Data Shows
January 22, 2010 | New York Times
The decade ending in 2009 was the warmest on record, new surface temperature figures released by the National Aeronautics and Space Administration show. 2009 was the second warmest year since 1880, when modern temperature measurement began. The warmest year was 2005. Other hottest recorded years have all occurred since 1998, NASA reports.
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Related:
Errors in Global Warming Report Challenge Credibility


U.S.Venture Capital Investment Finishes Year Strong with Flurry of Deals in 4Q
January 22, 2010 | Dow Jones Venture Source
An overall bad year ended on a high note as venture deal activity increased in the fourth quarter of 2009. Venture investors put $6.3 billion to work in 743 deals in the most recent quarter, up slightly from the $6.1 billion invested in 619 deals during the same period in 2008, according to statistics released by Dow Jones VentureSource.
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Related:
Venture Funding Plunged even in Silicon Valley

DC Area Scores 117 Deals Totaling about $540M for 2009,

VC Funding in Washington Plunges in 2009

For San Diego, a Year to Forget

Wisconsin Firms Raise $22M

Minnesota Start-Ups Seeking VC Suffer Disastrous 2009

Triangle: Good Fourth Quarter, Bad Year

VC Investing in Austin Slides to 13-Year Low in 2009

Venture Capital Slides in Oregon

New England VCs Reawaken

Michigan Venture Capital Expects a Rise

As VC Industry Shrinks, First-Time Investments Plummet


Burnham Medical Institute Gains $50 Million Donation — and a New Name
January 26, 2010 | Orlando Sentinel
Barely a week after a disappointing results to date of Florida's billion dollar biotech initiative were published, one of the prime recipients, Burnham Institute in Orlando, this morning unveiled a huge $50B gift providing opportunity for major expansion.
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Related:
$1.5 Billion in Public Money for Biotech Hasn't Paid Off Yet

Burnham's Impact May Rival Disney's in Metro Orlando


So You Want to Innovate?

Addressing the Innovation “Valley of Death:” It’s the Products, Stupid!

Bank Rules Could Sink Community Development VC Funds

Angels Rush in Where Banks Fear to Tread as Firms Struggle for Funding

St. Louis Business Groups Push for Venture Capital Bill

Attracting More Venture Capital Is a Priority for Wisconsin

Angel Investors Are Vital to a Startup’s Future

Ann Arbor's Entrepreneurial Community Recruiting Rich Individuals to Become 'Angel' Investors

University of Michigan Tops $1 Billion In Research Spending, Up 9.4%

Startups Hold Key to Economic Growth in Rochester

Healthcare Displaced IT as Favored Venture Capitalist Investment

States Give Too Much to Lure Filming; but Not Nevada

Wisconsin Senate Passes Bill to Expand Investment Tax Credits

Paterson Seeks to Cut New York Program’s Tax Credits

Austin Weighs Value of Incentives to Help with Jobs

Freshmen Abandon Business

Health Bill Uncertainty Worrisome to Biotechs

$1.5 Billion in Public Money for Biotech Hasn't Paid Off Yet

Solar Start-Up Bloodbath 2010

UWisconsin Biomass Power Plant a Gamble for State

Wind Power Grows 39% for the Year

Milwaukee Institute Primed to Power Tech Growth

Huge Payoff for I.B.M. After a Shift

Entrepreneurs Give Grim Outlook on Hiring

Why You Should Start a Company in... Boulder

Why You Should Start a Company in… New York

Why Manufacturing Isn't Making Jobs

Will China Achieve Science Supremacy?

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George Lipper
MoreLIP: The Numbers Shrink, But the Pecking Order Remains
George Lipper, Editor
While 2009 recorded a significant drop (37%) in overall venture funding, the pain was at least widely shared. Money Tree's just-released numbers largely confirm that the major players, still led by California, did fewer new deals -- likely stockpiling cash for existing potential portfolio firms. A more encouraging statistic lies in the share of funds drawn to the seed and startup category -- more than 18% of the deals and 19% of the money. That's about triple what was reported during the mid-years of the Aughts. It's relative, but, a relative like your favorite uncle.
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