Week of February 24 - March 2, 2003 ~  v.5, n.8

The New Deals
In 2002, venture investments in early stage companies declined over 56 percent. Even though the amount of deal flow saw a similar drop in activity last year, it is no secret that early-stage financing is the most challenging type of funding to acquire. Most of the venture community is focusing on companies they have already funded, or those with proven track records. Yet this ongoing tech shakeout is what makes this year's Venture Forum companies not only some of the most promising in technology, but illustrative of the next wave of venture capital funding.
full article >

Upcoming Larta Events

April 3: Venture Forum 2003
The Venture Forum 2003 will address new opportunities, current trends, market realities, and an outlook of the future of emerging technologies. In addition to presenting companies who define technical excellence, world-class experts will share their knowledge about meaningful investment opportunities amidst the current marketplace. Keynote speaker: Shaygan Kheradpir, Chief Information Officer, Verizon Communications
.
more information >


Larta University
February - March 2003

February 18 - May 28: PwC Expert Access Series
In its seventeenth year, the program offers courses covering a variety of practical accounting and finance topics for businesses of all sizes. Choose from a list of classes or choose all for a reduced rate. Courses: Start-Up Accounting and Tax Issues; Accounting Issues for Emerging Technology Companies; Stock-Based Compensation and Equity; and Revenue Recognition.
more information >

February 26: PwC Expert Access #1: Startup Tax and Legal Issues
Have you recently formed a new business? Along with all the other concerns of starting a new venture, you will need to consider various tax and accounting issues. This seminar will address stock-based compensation and cheap stock, start-up costs, tax loss and credit preservation, maximizing research tax credits, and other matters.
Location: Irvine
more information >

March 6: How to Avoid Common Pitfalls And Stay in the Black
This seminar will examine how entrepreneurs can avoid trouble and stay in the black despite the unpredictable economy. You will learn effective solutions for building a successful company and avoiding financial disasters. Learn ways to monitor cash flow and assets, extend runway, and reduce cash burn. Study companies that have failed and learn from their mistakes, as well as successful companies and learn from their successes. Martin Pichinson is a principal and founding partner of Sherwood Partners, Inc. Specializing in the restructuring and dissolution of technology companies, he is relied upon by many of the major lending institutions, law firms and venture capitalist firms to make tough decisions to improve, sustain or create an orderly liquidation of companies.
Location: Downtown L.A.
more information >

March 12 & 13: Attracting Capital
With the ever-worsening state of the VC industry, emerging companies need to know the most realistic options for financing. This workshop considers the pros and cons of different financing strategies, including government funding, loans, VC financing, and angel financing. Also discussed will be alternative strategies, such as partnering with customers, bootstrapping, and leveraging.
Locations: Irvine & West L.A.
more information >

March 18, 26: PwC Expert Access #2: Accounting Issues for Emerging Technology Companies
Stock Compensation, Revenue Recognition, Equity Transactions, Research and Development are four areas of fundamental importance to emerging technology companies and four areas that have unique and often complex accounting issues. The goal of the course is to highlight key accounting and reporting matters and to give you a working understanding of what impact these areas have on your business and your business decisions.
Locations: West L.A. & Irvine
more information >

~ New from Larta Research

Beyond Accession: The Globalization of China and Its Economic Impact on the U.S. and Other Trading Partners
This new white paper from Larta Research examines China's economy, which had already been robust and progressive prior to China's 2001 accession into the World Trade Organization (WTO). With data and analysis of the nation's recent economic history, this report examines how China's accession will affect the rest of the world, which industries will witness the most transformation, and what challenges and opportunities China's accession creates for the U.S. and U.S. businesses. The paper also addresses specific opportunities and obstacles for businesses and entrepreneurs interested in conducting business in China.
more information >
download the full report >

The 2003 Technology Innovation Index
Larta's Technology Innovation Index is the only benchmarking report identifying, monitoring and assessing the health and growth of the technology-based economy in Southern California. The Tech Index compares the region's strengths, weaknesses, and trends with those of other regions on the national technology scene. This year’s Tech Index focuses on the role of technology in education, and assess its role in promoting achievement and facilitating innovation. Particular attention will be paid to educational systems and to data comparing Southern California’s counties with each other, highlighting the public policy considerations and reforms that will best support the sustained growth of the regional technology sector.
more information >

The 2003 Federal Technology Funding Guide
Sponsored by the Ewing Marion Kauffman Foundation
Larta has published its latest edition of the most comprehensive resource on government-facilitated programs for R&D, Winning Government Money, The 2003 Federal Technology Funding Guide. The report is recognized as the nation's leading survey on technology funding by the federal government (over $90 billion per year). With interest in government funding for technology at an all time high, this publication serves a relevant need for companies seeking this kind of assistance.
more information >

~ Other publications

Phase I Grant Final Report - Protein-Based Nanomachines for Space Applications (NASA Institute for Advanced Concepts)

The long term goal of this project is to develop novel and revolutionary biomolecular machine components that can be assembled and form multi-degree of freedom nanodevices that will be able to apply forces and manipulate objects in the nanoworld, transfer information from the nano to the macro world and also be able to travel in the nanoenvironment. These machines are expected to be highly efficient, economical in mass production, work under little supervision and be controllable. The vision is that such ultra-miniature robotic systems and nano-mechanical devices will be the biomolecular electro-mechanical hardware of future manufacturing, biomedical and planetary applications.
download the full report >
read the interview with Dinos Mavroidis >

~ Larta in the News

For Family Firms, Equity Capital Hard to Come By (Los Angeles Times)
The company's name--Data Systems Worldwide--may suggest that it has a global presence. But in truth, the enterprise that the Mogavero family runs has been struggling to reach beyond the confines of the San Fernando Valley.
full article >

Sponsored By:

~Other Articles

Business, Investment, and Entrepreneurship:

Angels Give Wing to Entrepreneurs' Ideas (Los Angeles Times)
Though cautious in light of downturn, wealthy investors still finance and often mentor young, risky companies.
full article >

U.S. Tech Is Looking Up--but It Won't Kick-Start Recovery (BusinessWeek Online)
For two years now, the tech sector has been the focal point of this business cycle. The recession began with a tech-sector bust as the stock prices of dot-coms, computer makers, and software companies collapsed, leading to an investment-led downturn in the economy. Now, everyone is waiting for tech spending to regain momentum and begin to power an investment-led recovery that workers, executives, and investors can actually feel.
full article >

Security:

War spending could boost tech industry (USA Today)
The nation's top information technology official came to Silicon Valley last week to drum up support for the federal government, which is beefing up computer security spending and streamlining the technology-procurement process.
full article >

Digital Media:

DVD-Copying Software Maker Offers Reward (Yahoo.com)
A maker of DVD-copying software is offering $10,000 bounties for tips about people who are using the product to pirate movies — but the company says the move is not directly related to its legal fight with Hollywood.
full article >

Telecommunications:

FCC Vote to Set Broadband's Future (CNET News.com)
The U.S. Federal Communications Commission will undertake a landmark
vote Thursday that will establish new ground rules for telecommunications
companies offering high-speed Internet access. Many see the vote as the
pivotal showdown between supporters of increased federal regulation of
broadband access and those who favor massive deregulation of telecom
Internet services.
full articles >

Information Technology:

Search Engine Resurgence (Washington Post)
The tech sector has been ravaged by scandals, a sagging economy, a battered Nasdaq and dim prospects for recovery. But in the midst of the economic carnage, dealmakers have been finding some diamonds in the rough, and lately the venerable search engine has been the hottest jewel on the market.
full article >



*********** Events Calendar ***********

This events calendar is provided as a service by Larta about events vetted and endorsed by Larta.

February 25: JETRO 4th Tuesday Technology Exchange: Dynamic Tinnitus Mitigation Treatment
Elevator Pitch Tinnitus, or chronic ringing in the ears, can be emotionally debilitating and effects over ten million people in the U.S. alone, yet no treatment is considered effective by the vast majority of medical practitioners. As a consequence, a huge untapped worldwide market, estimated to exceed one billion dollars, exists for a practical and effective tinnitus treatment system. The reason this large market has not yet been penetrated is simply that no previous system is supported by convincing clinical evidence needed for acceptance by the medical community. Mike Petroff, an accomplished audio technology inventor and licensor who has severe tinnitus, developed and refined the most highly acclaimed FDA-cleared treatment of tinnitus using applied sound. The sound treatment and system, called Dynamic Tinnitus Mitigation, or DTM, was recently shown to be twice as effective at reducing tinnitus annoyance as any other sound treatment tested.
more information >

February 25: JETRO and USC: Wireless in Japan: Accessing Opportunities in Japan's Wireless Market
This seminar will bring together business leaders from the U.S. & Japan to explore the wireless content environment and business opportunities in Japan. This event will summarize current topics on the Japanese wireless market. This seminar will also provide insight on how to build successful business relationships with Japanese potential partners engaged in the wireless content industry.
more information >

March 11 - 14: The National SBIR/STTR Conference
Small businesses can learn how to apply for, and what it takes to win, some of the $1.5 billion in U.S. Government R&D investments at the SBIR/STTR Grant Program, March 11-14, at the 2003 National SBIR/STTR Conference in Albuquerque, NM. The SBIR program funds high-risk projects at the earliest stages of technology development - before companies can attract venture capital - and works with you through that development and on into the actual commercialization of your product.
more information >

March 12: Lava Investment Capital Conference
The largest, most important conference of the year on sources of capital for emerging growth and middle market companies. Featuring 60 speakers, including R. Glenn Hubbard, Chairman, President's Council of Economic Advisers. Special $40 discount for VOX readers, use code LARTA23 (case sensitive).
more information >

April 2-4: National Nanotechnology Initiative
From Vision to Commercialization is designed to provide a comprehensive and in-depth look at the NNI. The focus of this exciting conference is to look at what areas are being funded and why, what the results of research have been to-date, and what avenues appear to hold commercial promise.
more information >

Larta's full event calendar >

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