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	<title>capitalBLOG</title>
	<link>http://linksviewer.com/blog</link>
	<description>Relational Capital, Venture Capital, Visual Networks, Network Analysis</description>
	<pubDate>Wed, 06 Feb 2008 15:41:49 +0000</pubDate>
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			<item>
		<title>Biotech &#038; Medical Company Funding: Recent Activity (March, 2007)</title>
		<link>http://linksviewer.com/blog/?p=104</link>
		<comments>http://linksviewer.com/blog/?p=104#comments</comments>
		<pubDate>Thu, 12 Apr 2007 16:15:25 +0000</pubDate>
		<dc:creator>Dean Krikorian</dc:creator>
		
	<category>Company Analysis</category>
	<category>Investor Analysis</category>
	<category>Board Member Analysis</category>
	<category>Month in Review</category>
		<guid isPermaLink="false">http://linksviewer.com/blog/?p=104</guid>
		<description><![CDATA[Building upon the previous theme of activity reports, I turned to SV Health-Tech companies (i.e., Biotech &#038; Medical sectors) that received funding in March, 2007.  I mapped these companies together and then filtered for companies that only received funding in the past year.  The goal here is to find out which investors and outside board members were most [...]]]></description>
			<content:encoded><![CDATA[<p>Building upon the previous theme of <a title="Link to CapitalBLOG post: Funding Activity (March, 2007): 1st Round Internet Companies - Recent Relations" href="http://linksviewer.com/blog/?p=103" target="_blank">activity reports</a>, I turned to SV Health-Tech companies (i.e., Biotech &#038; Medical sectors) that received funding in March, 2007.  I mapped these companies together and then filtered for companies that only received funding in the past year.  The goal here is to find out which investors and outside board members were most recently active in the health-tech space and to illustrate their capital relations. </p>
<p>First I was interested in the most recently active investors - for this I only included investors with at least 3 investments (MinLink =3) in the Biotech and Medicine sectors over the past year.  I then dropped pendants to only show the connections between these investors.  </p>
<p><a href="http://linksviewer.com/free/view/Map.htm?comp=Aerovance&#038;comp=ChemoCentryx&#038;comp=Coapt+Systems&#038;comp=DiscoveRx&#038;comp=Intarcia+Therapeutics&#038;comp=MAP+Pharmaceuticals&#038;comp=PneumRx&#038;comp=PulmonX&#038;comp=TransOral+Pharmaceuticals&#038;comp=VasoNova&#038;comp=Zonare+Medical+Systems&#038;dateLastRound=3%2F06-&#038;map=relinv&#038;rel_dropp=t&#038;rel_remap=1&#038;relinv_dropp=t&#038;relinv_remap=1&#038;sector=Biotech&#038;sector=Medical&#038;sector=Nanotechnology&#038;sho_title=f&#038;zoom=130&#038;relinv_minlink=2%2C3" target="_blank"><img title="March, 2007 Biotech &#038; Medical Sector Investment Map (Pendants dropped, MinLink=3) - Click on image for FreeView in a new window" alt="March, 2007 Biotech &#038; Medical Sector Investment Map (Pendants dropped, MinLink=3) - Click on image for FreeView in a new window" src="http://linksviewer.com/blog/Blog_Images/Dean/MedicalRecent3Investors65.png" /></a></p>
<p><em>1st Round SV Health-Tech Companies Recent Activity Investment Map (Pendants dropped, MinLink=3).  Large blue boxes indicate Health-Tech companies that were funded in March, 2007.  Small blue boxes indicate Health-Tech companies that were funded from 3/06-2/07.  Source: </em><a title="Link to our partner's site at LinkSV.com - Check it out!" href="http://linksv.com/" target="_blank"><font color="#0066cc"><em>LinkSV.com</em></font></a> </p>
<p><a id="more-104"></a></p>
<p><strong>Network Commentary:</strong></p>
<li>17 private active Health-Tech companies were identified as funded in March, 2007 from the search: Aerovance, ChemoCentryx, Coapt Systems, Diamics, DiscoveRx, Epiphany Biosciences, Intarcia Thera, Intellidot, MAP Pharma, NeuroPure, Optovue, PneumRx, PulmonX, TransOral Pharma, VasoNova, Xradia, and Zonare Medical Systems</li>
<ul>
<li>On average, these companies were on Round 3.1, raised $20.5M in latest round funding, and had 6.89 investors</li>
</ul>
<li>7 of these companies were removed from the map as isolates: Diamics, Epiphany Biosciences, Intellidot, NeuroPure, Optovue, VasoNova, Xradia</li>
<ul>
<li>These companies had no investment relations in Health-Tech over the past year</li>
<li>On average, these companies were on Round 2.0, raised $10.0M in latest round funding, and had 3.14 investors</li>
</ul>
<li>19 Investors had at least 3 Health-Tech investments over the past year. </li>
<ul>
<li>The most active investors were Alta Partners (9), Morgenthaler Ventures (6), and Asset Management Company (5)</li>
<li>Alta Partners invested in 6 Health-Tech start-ups in March, 2007 (Aerovance, Coapt Systems, PneumRx, ChemoCentrix, DiscoveRx, and Intarcia Thera) </li>
</ul>
<li>Alta Partners forms a central hub by connecting investor clusters in the network</li>
<li>OrbiMed Advisors and NEA are also central hubs on the map</li>
<li>St. Paul VP and Morgenthaler Ventures had the most common company ties on the map (3)</li>
<li>Kaiser Permanente was the only Corporate VC on the map</li>
<p>Next I examined recent board interlocks of Health-tech companies.  For this, I clicked on the People Map for the aforementioned search criteria.  The goal of this map is to indicate recent board member activity in the SV Medicine &#038; Biotech Sectors.<em> </em></p>
<p> <a title="March, 2007 1st Round Interent Companies Investment Map (Pendants dropped, Company Filter: Funded 2006 or later) - Click on image for FreeView in a new window" href="http://linksviewer.com/free/view/Map.htm?comp=Aerovance&#038;comp=ChemoCentryx&#038;comp=Coapt+Systems&#038;comp=DiscoveRx&#038;comp=Intarcia+Therapeutics&#038;comp=MAP+Pharmaceuticals&#038;comp=PneumRx&#038;comp=TransOral+Pharmaceuticals&#038;dateLastRound=3%2F06-&#038;map=relpers&#038;rel_dropp=t&#038;rel_remap=1&#038;relinv_dropp=t&#038;relinv_remap=1&#038;relpers_dropp=t&#038;relpers_remap=0&#038;sector=Biotech&#038;sector=Medical&#038;sector=Nanotechnology&#038;sho_title=f&#038;zoom=120&#038;bmem_frm=f&#038;mgmt_frm=f&#038;linkzoom=0.6" target="_blank"><img title="March, 2007 Biotech &#038; Medical Sector People Map (Pendants dropped) - Click on image for FreeView in a new window" alt="March, 2007 Biotech &#038; Medical Sector People Map (Pendants dropped) - Click on image for FreeView in a new window" src="http://linksviewer.com/blog/Blog_Images/Dean/MedicalRecentPeople75.png" /></a></p>
<p><em>SV Health-Tech Companies Recent Activity People Map (Pendants dropped).  Large blue boxes indicate Health-Tech companies that were funded in March, 2007.  Small blue boxes indicate Health-Tech companies that were funded from 3/06-2/07.  Source: <a title="Link to our partner's site at LinkSV.com - Check it out!" href="http://linksv.com/" target="_blank"><font color="#0066cc"><em>LinkSV.com</em></font></a> </em></p>
<p><strong>Network Commentary: </strong></p>
<li>10 People had at least 2 recently-funded Health-Tech company board members: Bryan Roberts (Pathwork Diagnostics &#038; Intarcia Pharma), Richard Bastiani (Pathwork &#038; DiscoveRx), John Freund (DiscoveRx &#038; MAP Pharma), Nicholas Galakatos (Affymax &#038; Aerovance), John Walker (Affymax, Aerovance, &#038; Kai Pharma), Chris Ehrlich (Kai Pharma &#038; TransOral Pharma), Kathy LaPorte (TransOral Pharma &#038; Affymax), Guy Nohra (PneumRx &#038; Coapt Systems), Lowell Sears (Coapt Systems &#038; InteKrin Thera), &#038; Samuel Wertheimer (InteKrin Thera &#038; ChemoCentryx)  </li>
<li>8 of the above companies were funded in the past month: (Intarcia, DiscoverRx, MAP Pharma, Aerovance, TransOral Pharma, PneumRx, Coapt Systems, ChemoCentryx)</li>
<li>3 board interlock clusters exist on the map: (1) Roberts-Basitani-Freund; (2) Nohra-Sears-Wertheimer; and (3) Ehrlich-Walker-Galakatos-LaPorte-Ehrlich (cycle or circuit) </li>
<li>John Walker (Novacea Interim CEO) is the only person that is on 3 recently-funded company boards on the map</li>
<li>John Freund (Skyline Ventures) and Guy Nohra (Alta Partners) are both on two boards funded in March, 2007</li>
<li><a title="Link to Guy Nohra's Midas List Profile on Venture Beat" href="http://venturebeat.com/midas-list/index.html?p=73&#038;name=Nohra,%20Guy&#038;company=Alta%20Partners" target="_blank">Guy Nohra</a> (Alta, <a href="http://linksviewer.com/free/view/Map.htm?map=rel&#038;pers=Nohra,Guy_P.&#038;bmem_frm=t&#038;comp_ina=t&#038;rel_remap=2" target="_blank">#73</a>) and <a title="Link to Kathleen LaPorte's Midas List Profile on Venture Beat" href="http://venturebeat.com/midas-list/index.html?p=97&#038;name=Laporte,%20Kathleen&#038;company=New%20Leaf%20Venture%20Partners" target="_blank">Kathy LaPorte</a> (NewLeaf VP, <a href="http://linksviewer.com/free/view/Map.htm?map=rel&#038;pers=LaPorte,Kathy&#038;bmem_frm=t&#038;mgmt_frm=t&#038;comp_ina=t&#038;rel_remap=10" target="_blank">#97</a>) were on the 2007 Forbes Midas List </li>
<p>In summary, the purpose of this post was to identify the companies, investors, and board members in recently funded Biotech and Medical sector fundings.  While the majority of these funding were for later round companies, the recent key players were evident from the network analyses: People: Guy Nohra (Alta), Kathy LaPorte (New Leaf), John Walker (Novacea); VCs: Alta, NEA, and OrbiMed as central hubs; St. Paul &#038; Morgenthaler as co-investors.  Of course, there are several other ways to examine recent activity such as: (1) only looking at the Biotech Sector or Medical sector; (2) Company filters for rounds of capital, Recent round $, total funding $, or start year; (3) Changing the dates of what defines recent activity (to, say, the past 6 months only); and (4) Using keywords to further identify specific company products.  Registered LinkSViewer users are encouraged to tinker with the maps using the above criteria. 
</p>
]]></content:encoded>
			<wfw:commentRSS>http://linksviewer.com/blog/?feed=rss2&amp;p=104</wfw:commentRSS>
		</item>
		<item>
		<title>Funding Activity (March, 2007): 1st Round Internet Companies - Recent Relations</title>
		<link>http://linksviewer.com/blog/?p=103</link>
		<comments>http://linksviewer.com/blog/?p=103#comments</comments>
		<pubDate>Fri, 06 Apr 2007 17:29:14 +0000</pubDate>
		<dc:creator>Dean Krikorian</dc:creator>
		
	<category>Company Analysis</category>
	<category>Investor Analysis</category>
	<category>New Features</category>
	<category>Web 2.0</category>
	<category>Month in Review</category>
		<guid isPermaLink="false">http://linksviewer.com/blog/?p=103</guid>
		<description><![CDATA[LinkSViewer 1.2 has the ability to search and view recent Silicon Valley funding activity.  This post demonstrates the how, what, and whys of this feature.  For this example, I was interested in 1st round Internet Sector companies that received funding in March, 2007.  I mapped these companies together and then filtered for companies that only received funding [...]]]></description>
			<content:encoded><![CDATA[<p><a title="Link to LinkSViewer 1.2 Splash Page" href="http://linksviewer.com" target="_blank">LinkSViewer 1.2</a> has the ability to search and view recent Silicon Valley funding activity.  This post demonstrates the how, what, and whys of this feature.  For this example, I was interested in 1st round Internet Sector companies that received funding in March, 2007.  I mapped these companies together and then filtered for companies that only received funding in the past year.</p>
<p><a href="http://linksviewer.com/free/view/Map.htm?map=rel&#038;submit=Relational+map&#038;comp=cFares&#038;comp=Fliptrack&#038;comp=Flixster&#038;comp=Industrious+Kid&#038;comp=Kongregate&#038;comp=kwiry&#038;comp=Oodle&#038;comp=Outspark.com&#038;comp=PopularMedia&#038;comp=RockYou&#038;comp=Scribd&#038;comp=Teracent&#038;comp=Wesabe&#038;comp=Xobni&#038;sector=Internet&#038;dateLastRound=3/06-&#038;linkzoom=0.7&#038;sho_title=f&#038;zoom=140" target="_blank"><img title="March, 2007 Internet Sector Relational Map - Click on image for FreeView in a new window" alt="March, 2007 Internet Sector Relational Map - Click on image for FreeView in a new window" src="http://linksviewer.com/blog/Blog_Images/Dean/MarchInternetAll60.png" /></a></p>
<p><em>1st Round SV Internet Companies Recent Activity Relational Map.  Large blue boxes indicate Internet start-up (1st round) companies that were funded in March, 2007.  Small blue boxes indicate all Internet companies that were funded in March, 2006 or later.  The goal is to map recent activity in the SV Internet Sector. </em></p>
<p><a id="more-103"></a></p>
<p><strong>Network Commentary: </strong></p>
<ul>
<li>14 Internet-Sector 1st Round SV companies were funded in March, 2007 (Industrious Kid, Wesabe, Outspark.com, Scribd, Xobni, kwiry, Fliptrack, Teracent, Popular Media, Oodle, Rock You, Kongregate, Flixster, &#038; cFares) - Source: <a title="Link to our partner's site at LinkSV.com - Check it out!" href="http://linksv.com" target="_blank">LinkSV.com</a></li>
<li>David Sze (Greylock: Marquee, LinkedIn, &#038; Digg) has the most board ties (3) for Internet companies that received funding over the past year</li>
<li>Peter Sonsini (NEA: Compiere &#038; Teracent) and Ravi Mhatre (Lightspeed: Flixster &#038; Kosmix) both have 2 board ties on the map - one 1st round company funded in March, 2007 and one over the past year</li>
</ul>
<p>Honing in on the investor relations from the above map, I dropped pendants and for the below Investment Map: </p>
<p><a title="March, 2007 1st Round Interent Companies Investment Map (Pendants dropped, Company Filter: Funded 2006 or later) - Click on image for FreeView in a new window" href="http://linksviewer.com/free/view/Map.htm?comp=Industrious+Kid&#038;comp=Kongregate&#038;comp=Oodle&#038;comp=PopularMedia&#038;comp=RockYou&#038;comp=Scribd&#038;comp=Teracent&#038;comp=Xobni&#038;comp=cFares&#038;map=relinv&#038;rel_dropp=t&#038;rel_remap=0&#038;sho_title=f&#038;linkzoom=0.7&#038;zoom=120&#038;sector=Internet&#038;dateLastRound=3/06-&#038;relinv_dropp=t&#038;relinv_remap=3" target="_blank"><img title="March, 2007 Internet Sector Investment Map (Pendants dropped) - Click on image for FreeView in a new window" alt="March, 2007 Internet Sector Investment Map (Pendants dropped) - Click on image for FreeView in a new window" src="http://linksviewer.com/blog/Blog_Images/Dean/March2007Internet70.png" /></a></p>
<p><em>1st Round SV Internet Companies Recent Activity Investment Map (Pendants dropped).  Large blue boxes indicate Internet start-up (1st round) companies that were funded in March, 2007.  Small blue boxes indicate all Internet companies that were funded in March, 2006 or later.  The goal of this map is to indicate recent investment relation activity in the SV Internet Sector.</em></p>
<p><strong>Network Commentary: </strong></p>
<ul>
<li>9 Internet-Sector 1st Round companies funded in March, 2007 have investment ties over the past year (Scribd, Xobni, Teracent, Popular Media, Oodle, Industrious Kid, Rock You, Kongregate, &#038; cFares)</li>
<li>Sequoia Capital is the most active VC in the past month (Rock You &#038; Popular Media) and year (Xoom, Tutor Vista, NetPickle, LinkedIn, &#038; Clearwell Systems) - 7 total investment links in the past year</li>
<li>LightSpeed Ventures has 3 common investment links with Sequoia (NetPickle, RockYou, &#038; Tutor Vista) and one other with Jeff Clavier (Wikia)</li>
<li>NEA (GarageBand, Teracent, &#038; Xoom), Greylock (Oodle, LinkedIn, &#038; Digg), and Jeff Clavier (Wikia, Kaboodle, &#038; Kongregate) each have 3 past-year Internet-sector investments</li>
<li>Jeff Clavier and Reid Hoffman (Digg, Kongregate) are the only two angel investors on the map</li>
<li>Y Combinator (Scribd &#038; Xobni) Steamboat Ventures (Popular Media &#038; Industrious Kid) both have 2 Internet-sector investments in the past month</li>
</ul>
<p><strong>Practical Uses (Whys)</strong></p>
<p>The above map and analysis can be used to see who has been active in the Internet Sector over the past month and year.  It is meant to save users time by illustrating funding activity in one map with one-click summary information (in the Information Window or to LinkSV Company Summaries or People Profiles).  This information can be used by companies seeking funding, VC firms or angels surveying the investment space, or anyone looking for latest trends.  Some potential specific questions:</p>
<ul>
<li>Who are the recently active investors?</li>
<li>What companies are they co-investing in?</li>
<li>How are these companies related to each other? </li>
<li>How are these companies related to my company?</li>
<li>What are the capital-based ties for collaboration?</li>
</ul>
<p>Of course, LinkSViewer 1.2 can generate similar activity maps for different sectors, datelines, keywords, rounds, capital $, etc.  It can also be used to find board member and/or management team relations in addition to investments.  <a title="Link to LinkSViewer Registration Page - Free for a limited time" href="https://linksviewer.com/account/signup.php" target="_blank">Registered users</a> are encouraged to play around with either of the above maps (e.g., filter, node or link alteration).  We plan on integrating this festure into our front page as a way to help registered users quickly discover recent funding activity and relationships (Thanks to Paul Sherer at PodTech for this suggestion).  Contact <a title="Link to GroupScope About Us Page w/ contact emails" href="http://linksviewer.com/tutorial1.2/Pages/Basic_Intro_3.html" target="_blank">us</a> if you have any suggestions or specific requests for activity maps. 
</p>
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			<wfw:commentRSS>http://linksviewer.com/blog/?feed=rss2&amp;p=103</wfw:commentRSS>
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