Week of March 15 - March 21, 2004 ~ v.6, n.11
Top Stories

Is Southern California's Venture Capital Downturn Finally Coming to an End?
Venture capital investment declined in Southern California in 2003 as both the dollar amount and the number of venture capital investments fell from 2002 levels. However, this marks the smallest year-to-year decline in venture capital in Southern California since the dot-com bust in 2000, indicating that the downturn in venture capital activity in the region might finally be coming to an end.

The Global Entrepreneur
Global entrepreneurs will need new managerial skills, access to global marketing and financial networks, greater protection of proprietary information and intellectual property, the ability to tap into new technologies wherever they are being developed, and the information to obtain skilled professionals from new centers of entrepreneurial activity.

Shukla Speaks on Governors Association Panel
Larta Institute CEO Rohit Shukla will participate on the "How States Win" panel of the Science, Technology and Economic Growth A Practicum for States, a National Governors Association Center for Best Practices event March 22 and 23 in Ann Arbor, Michigan.

Come see 50 Companies Compete to be Company of the Year
The Venture Forum is the largest showcase of investment-worthy companies in Southern California. "The annual Venture Forum is a must attend VC event!" said Randy Lunn of Palomar Ventures. The 10th annual Venture Forum, on April 1, 2004, will feature 50 companies from all sectors and stages, selected by leading investment and industry experts. Attendees will learn about the most exciting technologies in the marketplace. Investors will access one of the largest deal pipelines in the nation. Service providers can actively participate in the growth of emerging companies.

Available Now from Larta Institute
The Sand Dollar Report 2004: An Analysis of Venture Investing in Southern California

The Sand Dollar Report 2004 features a historical analysis as well as the latest information and data on the venture capital industry in Southern California, and includes interviews with leading venture capitalists in the region. Available with the purchase of Larta Institute's Sand Dollar Report 2004 is PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree Survey.

Available Free from Larta Institute
Federal Technology Funding Guide 2004
Larta Institute's Federal Technology Funding Guide is recognized as the nation's leading survey on federal government technology funding. Learn how to apply for and win government grants. Includes an in-depth look at SBIR and STTR programs, two critical sources of R&D funds for small businesses. Don’t miss your chance to receive federal technology grant money.
Download the report free of charge.

Larta Institute's Publications

Send comments and submissions to James Klein, Larta VOX Editor, at voxeditor@larta.org

Larta University


SSTI, the State Science and Technology Institute, calls Larta University one of the "best programs in the country," having "helped hundreds of entrepreneurs, implemented innovative programs, and assisted client companies to raise hundreds-of-millions of dollars.

March 18: Entrepreneurship Series #9: Attracting Capital: Financing Strategies for the New Venture
With the ever-worsening state of the VC industry, emerging companies need strong knowledge of the most realistic options available for financing in the current marketplace. This workshop considers different financing strategies, including VC financing, angel financing, government funding, and loans. You will learn what is required to approach each financing source, and when not to waste your time. If you determine that outside equity financing is not for your company, you will learn other strategies and techniques to help your business move forward, including bootstrapping, partnering with customers, and leveraging.
Location: Los Angeles

April 15: How to Prepare Winning Proposals for SBIR and STTR
This seminar will provide a brief overview of SBIR and STTR programs, while focusing on how to prepare winning SBIR and STTR proposals; bringing attendees one step closer to winning federal money.
The workshop is for companies that already have an interest in using the SBIR/STTR programs to pay for R&D activities and the capability to compete in a scientifically and technically challenging program. Participants will walk away with a step-by-step process for convincing reviewers to assign the highest possible ratings to their proposals, and the proposal preparation process will become demystified.
Location: Los Angeles

Larta University's Course Schedule

Tech Sector News
Sponsored by LATimes.com

Top Stories in Hot Technology Sectors

Biotechnology
Lawmakers eye biotech incentives (San Francisco Business Times)
As more biotechs prepare to move drugs from approvals into production, some state lawmakers argue tax incentives for manufacturing are just what the doctor ordered.
more Biotech news

Communications
MCI Audit Wipes $74 Billion in Profits From Balance Sheet (Washington Post)
The cleanup of WorldCom's tainted books reveals pre-tax losses of $74.4 billion not previously reflected in the company's financial reports for 2000 and 2001, MCI said.

more Communications news

Consumer Electronics
Virgin May Show Apple a Thing or Two (BusinessWeek)
iPod and iTunes are digital music's top act, but the hip Richard Branson's marketing muscle makes him a challenger to be feared.

more Consumer Electronics News

Hardware
Sun: Darkest Before the Dawn? (BusinessWeek)
While CEO Scott McNealy swears new products will guarantee his outfit's solid future, only sales and profits can banish Wall Street's doubts.
more Hardware news

Internet
Internet slows job search (CNN Money)
Survey shows hiring process slows when employers bombarded with online resumes from job seekers.
more Internet news

Investments
Too much VC? Far too much says Focus (Red Herring - registration)
Focus Ventures estimates the overhang is much bigger than suspected.
more Investment news

Nanotechnology
Nanotech being seen as next big thing States, colleges jockey for research dollars (NASVF)
Not so long ago, almost every state wanted a "silicon" of some sort, a forest, a prairie, or even just an alley. Next, their longings turned to "bio." Today, everybody wants "nano." Nanotechnology is the latest rage among states and regional groups looking to revive battered economies.
more Nanotechnology news

Security
FBI adds to wiretap wish list (CNet News)
A far-reaching proposal from the FBI, made public Friday, would require all broadband Internet providers, including cable modem and DSL companies, to rewire their networks to support easy wiretapping by police.

more Security news

Semiconductors
Reversal of fortune puts chip makers on defensive (San Diego Union-Tribune)
Two years ago, computer chip designer Rambus Inc. appeared to be losing a multifront war: A deal to use its technology in Intel-based PCs soured, its tactics sparked a federal antitrust complaint and it faced a multitude of lawsuits.

more Semiconductor news

Software
Seeds of Oracle's Antitrust Defense (Washington Post)
Oracle Corp.'s steady-as-she-goes third-quarter financial results lend themselves to a variety of interpretations.

more Software news

Events Calendar

This calendar lists events endorsed by Larta Institute.

March 18: Entrepreneurship Series #9: Attracting Capital: Financing Strategies for the New Venture
This Larta U course considers different financing strategies, including VC financing, angel financing, government funding, and loans. You will learn what is required to approach each financing source, and when not to waste your time.

March 20: The Global Entrepreneur
Presented by IIT Alumni Association and Caltech-MIT Enterprise Forum. Moderated by Los Angeles Times Senior Economics Editor Jim Flanigan, this unique event brings together entrepreneurs who are changing the world, creating new jobs and new technologies, and raising stockholder value around the world.

March 22-23: Science, Technology and Economic Growth: A Practicum for States
National Governors Association Center for Best Practices hosts a two-day event that addresses the challenges of technology growth and funding faced by governors across the nation.

March 23 and 25: SBIR Workshops
The U.S. Environmental Protection Agency is holding workshops in Northern and Southern California intended for small businesses interested in the EPA's Small Business Innovative Research Program in general, and the Pacific Southwest Region Phase 1 Solicitation in particular.

March 31: Budget and Trade Deficits: Linked, Worrisome in the Long Run, but not Twins
Technolink Association and the National Association of Business Economics present Special Guest The Honorable Edward M. Gramlich, Governor, Board of Governors of the Federal Reserve System to discuss budget and trade deficits.

April 1: 2004 Venture Forum
The Venture Forum is the largest showcase of investment-worthy companies in Southern California. The 10th annual Venture Forum will feature 50 companies from all sectors and stages, selected by leading investment and industry experts. Attendees will learn about the most exciting technologies in the marketplace. Investors will access one of the largest deal pipelines in the nation. Service providers can actively participate in the growth of emerging companies.

April 13: Livermore LifeScience Conference 2004
Elbert Branscomb, chief scientist for the Department of Energy’s Genome Program and the former director of the Joint Genome Institute in Walnut Creek, is among the speakers scheduled for Livermore LifeScience Conference 2004 at Wente Vineyards in Livermore.

April 15: How to Prepare Winning Proposals for SBIR and STTR
This Larta U seminar will provide a brief overview of SBIR and STTR programs, while focusing on how to prepare winning SBIR and STTR proposals; bringing attendees one step closer to winning federal money.

April 21: Mergers & Acquisitions
This Larta U session will provide an opportunity for entrepreneurs to learn about the “path to liquidity”. The course will discuss what makes a successful acquisition candidate and what a business can do to maximize value before the sale process and how the M&A process works and how to maximize value during the sale process.

April 26-28: Global Conference 2004
Milken Institute's 7th Annual Global Conference will be held at the Beverly Hilton Hotel in Los Angeles. Each spring, this event brings together some of the most extraordinary people in the world – from business executives, institution investors and philanthropists to government leaders, academics and Nobel laureates – to discuss, debate and deliberate today’s crucial social, political and economic issues. Larta VOX is offering attendees a $1,000 discount: put in discount code LARTA2004GC when registering. Registration deadline is April 16, 2004.

Larta Institute's Events Calendar

Job Opportunities

Larta Institute

Business Development Associate
The Business Development Associate will assist the Business Development Director in sales, new business sourcing, and marketing. As Business Development Associate, you will aid in selling and marketing sophisticated consulting services, training programs, and custom packaging Larta Institute's capabilities into tangible, sellable products.
full description


To apply for this or any position, email a resume and cover letter to:
jobs@larta.org.

Larta Institute's Job Opportunities

Progressive Policy Institute (PPI)

Research Assistant
PPI is looking for a motivated, organized individual to assist with the administrative activities and research and writing efforts on a project focused on state and federal policy related to technology, telecommunications, the Internet, and the New Economy.

Send resumes to: Progressive Policy Institute, Attn: Admin Dept, 600 Pennsylvania Ave., SE, Suite 400, Washington, DC 20003; or Fax: 202.544.5014, or Email: jobs@dlcppi.org.

PPI's Job Opportunities

***** Tech Marketplace *****

Come see
50 Companies
Compete to be
Company of the Year



"The annual Venture Forum is a must attend VC event!" said Randy Lunn of Palomar Ventures.

Click here to register now!

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We bring people together to move technologies into the marketplace. Our client solutions include: conferences, training workshops, technology transfer, advisory services, and research and analysis.

Since 1993, companies helped by Larta Institute have raised over $1.5 billion in capital. Larta Institute's conferences and seminars provide insights to thousands of businesspeople each year. Larta Institute's weekly electronic magazine on business innovation is read by over 20,000 people.

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