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Second Venture Press Releases-
Are You VentureWorthy?
NEW RESEARCH ANNOUNCED FROM VENTUREWORTHY.COM
BENCHMARKS EMERGING COMPANIES
For Immediate Release:
(12/4/01, Norwalk, CT) VentureWorthy.com, (www.VentureWorthy.com) the newest property from Second Venture Corporation, this week announced its first wave of research results. VentureWorthy is a unique research platform that for the first time surveys and provides competitive intelligence on emerging companies while they are in the process of raising capital.
“We are taking a different approach with VentureWorthy,” said Keith Henry, Director of Corporate Communications. “By reporting on companies while they are raising capital, as opposed to other research today which reports on companies only after they have completed raising capital, we have a unique picture of the emerging company landscape early in a company’s life cycle.”
The research gathered is extremely valuable to both entrepreneurs and investors. Entrepreneurs can receive a free real-time report and competitive analysis on how they compare to other companies who are also seeking capital, at their stage, and industry. VentureWorthy also provides in depth research results and analysis on a subscription basis to investors, thereby allowing them to quickly spot trends and make better-informed decisions.
During the month of November 2001, VentureWorthy surveyed over 300 emerging companies. Below is a brief overview of the first published research results:
-66% of companies raising capital are at the Startup stage, 22% are at the Launched
stage, and 10% are Profitable.
-While looking at the top 5 industries for companies that are seeking capital, it is
interesting to note that it is no longer only a 'tech world' – 1) Entertainment / Hospitality
2) Non-Technology, 3) Professional Services, 4)Consumer E-Commerce, 5)Application Service Provider
-The average amount of capital a Startup company is seeking today is $100k,
for a Launched and Profitable company it is between $1-3 Million.
-The average valuation of Startup and Launched companies today is under $1 Million, for Profitable companies the average valuation is between $1-3 Million.
“We are thrilled with the overwhelming response by entrepreneurs completing the survey in just the first month since launch”, said Mr. Henry. “Entrepreneurs today want to know how their company stacks up against similar companies who are also seeking capital.”
About VentureWorthy.com
VentureWorthy invites entrepreneurs to find out if they are truly ‘VentureWorthy’ by completing a free survey comparing their company to similar companies by valuation, number of employees, region, amount of capital they are seeking, and other business-critical topics.
www.VentureWorthy.com
About Second Venture Corporation
Second Venture Corporation provides the technology, community, and research to support entrepreneurs and investors throughout the capital-raising process. Second Venture licenses its venture exchange platform to venture capital firms to help manage their deal flow, communicate with entrepreneurs, and collaborate internally with the firm’s partners. This proprietary technology powers FundingPost.com (www.FundingPost.com), an online venture exchange which enables entrepreneurs to post their company profiles, to be viewed by interested venture and angel investors representing over $10.5 Billion in capital. Launched in January 2001, FundingPost currently has over 150 active deals and has partnered with leading venture organizations and events including VentureReporter.net, New York New Media Association, and InvestmentExpo.com.
www.SecondVenture.com
Contact:
Aren Cohen
FundingPost.com
800-461-5509
press@fundingpost.com
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