technology growth in birmingham
Post on 21-Oct-2014
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Presentation made to UAB's MK435 class in April 2006TRANSCRIPT
MK435MK435
Technology Growthin Birmingham
Your Lifestyle, Your Mind, Your Future
Tanveer Patel, CircleSource
• President and Founder
• Relocated her company
from Chicago
• Local PM + Outsourced
Software Development
• CircleSource is located at
the Entrepreneurial Center
#3 Hot City for Entrepreneurs
Our Startup Ecosystem
• Business Incubation / Startup Assistance
• Economic Development
• Technology User Groups
• Technology Centers / Research Institutions
• Venture Capital Funding Sources
• Workforce Development and Tech Education
Downtown Innovation Center
• Combining the Entrepreneurial Center
and UAB’s OADI @ old Sears Building
• $12M+ Project
• <12 blocks vs. ~9 miles from UAB
Your Lifestyle, Your Mind, Your Future
Jesse Hipps, Heritage Center
• President and CEO
• Retired chemist from
Dupont & Monsanto
• Workforce Development
Not-for-profit serving
young people in downtown Bessemer
• Job Shadowing guru and curriculum author
Computer Learning Centers
• Center for Urban
Missions
• Empowerment, Inc.
• Partners in Neighborhood Growth
• The Heritage Center
• Jefferson County Library Cooperative
Community Engagement
Your Lifestyle, Your Mind, Your Future
Milton Silva-Craig, Emageon
• President and COO
since 2004
• Prior to joining the
company in 2001, was
VP/GM of GE’s ASP
Services & eCommerce
business
• Top 40 Under 40 in 2005
Emageon ~ February IPO
• $70M / Net $60.5M
• Underwritersexercised $9M more
• $4M CAPCO returned
• VC Exits– Southeastern Technology Fund - 15.6% ownership
– Redmont Venture Partners - 3% ownership
– Harbinger/Aurora Ventures - 3.8% ownership
– Jemison Investment Co.
– Delta Capital Management (Memphis, Tenn.)
$13 Opening Price
Lockup Expired
Biocryst ~ Hot Public Biotech
• $78.9M new
capital in 2005
• Kleiner Perkins
Caufield & Byers– Since 1972 KPCB has
backed entrepreneurs
in 450 ventures, including AOL, Amazon.com, Citrix,
Compaq, Electronic Arts, Genentech, Genomic Health,
Google, Intuit, Juniper Networks, Netscape, Lotus, Sun
Microsystems, Symantec, and Verisign
CNBC Exposure
$30M Raise
5yr $500+M Deal w/ Roche
$23.9M Raised
Your Lifestyle, Your Mind, Your Future
Stay Informed About Birmingham’s Tech Economy
by signing up for our monthly e-newsletter at
www.TechBirmingham.com
“Large” Tech Companies ~ >100 emp.
10
100
1000
2006
2002
8060
40
20
200
400
600800
Command Alkon not shown
“Large” Tech Companies ~ >50 emp.
10
100
2006
2002
80
60
40
20
Command Alkon not shown
Where are the Companies?
Where are the Companies?
Where are the Companies?N
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A Sampling of Tech Companies