History / Press Room
Success Stories from Past Early Stage East Events
DataFlux". . . [we] raised a Series A round from The Aurora Ventures Fund in early 1999 and was acquired in an all-cash deal by SAS Institute in June 2000. Our presence at Early Stage East contributed a great deal to our success." - Bob Brauer
Internet Publishing Group, Inc. "We closed $3 million in funding after the conference." - Craig O. Allsopp
ExpertCall.com "It does work. We got two serious offers after the 'adventure' at the Early Stage East event." - Boaz Bilberman
TenderySys.com Inc. "After our Early Stage East presentation, three VCs have asked for our business plan." - Prabhat Garg
AnswerLogic, Inc. ". . . the term sheet was signed the first week of August, less than 3 months after ESE. We got our first choice VC, who decided to invest after seeing us in action at Early Stage East . . . a great opportunity to generate a lot of buzz in a short time . . . ESE organizers do a great job of coaching presenters." -Jamie Hamilton
Aatlas Commerce "ESE was a great platform to develop contacts for when we were ready to release the plan." -Dan Tiernan
Smart Button Associates "We were extremely pleased with the publicity we received as part of Early Stage East. Not only did we speak with most of the top venture capitalists inthe area, but we also received national TV exposure after being chosen to appear on the PBS show Money Hunt. It is the only show I know of that focuses on the early stage segment. I have been involved in technology startups for the last ten years and have not been to a better venture fair." -Phil Sugar
Blackboard Inc. "Early Stage East was monumental to Blackboard's success in getting Blackboard before a first-tier community and in raising our first formal round of financing. We met two of our three current venture partners at Early Stage East, all who provide unprecedented value over and above the financial support and vote of confidence." -Andrew H. Rosen
Customer Insites, Inc. "We just closed our seed funding round with principals that we met at Early Stage East . . . and we have been in discussions since. Early Stage East was instrumental in launching our funding campaign." -Leslie A. Williams
PurePower Company, Inc. ". . . we did exhibit and received interest from Venture Capital and investment firms. Beyond our wildest expectations. . . . we mailed out updated business plans to 11 firms . . . a VC firm in Princeton agreed to take a secondary position for 25% of the $1.6 million we seek." -Robert R. Radcliffe
Step 9 Software Corporation "This was an excellent overall VC marketing tool." -Mark R. Merrick
Microplate Automation "At least five funds we had not worked with before expressed strong interest when they came by the booth. I would expect there will be a few more to contact us over the next few weeks. That far exceeds any other event I have attended." -Paul Hensley
Cera Products "…I had a wonderful time at your conference. We have had three calls so far." -Charlene Riikonen
Predictive Systems Engineering, Inc. "We have been very pleasantly surprised at the interest generated in PSE by some quality groups who met us at ESE" -Jim Kleinburd
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Early Stage East brings Star power
Delaware Economic Development Office, Press Release, June 16, 2000, "Early Stage East Selects Four East Coast Technology Companies as "Most Likely to Receive Venture Funding"
News Journal, March 17, 2002, "The Best in the Business: Technology"
News Journal, March 1, 2002, "Venture Capital Fair to boost local biotechs"
Bizbites, Fall 2001, "News from the Delaware Economic Development Office"
News Journal, June 14, 2000, "Bright Ideas, High Hopes at the Fair"
Philadelphia Business Journal, June 9, 2000, "Hopefuls to Seek Funding at Venture Fair"
Delaware Today, June 2000, "Capital Improvements"
Inc. Magazine, April 1, 2000, "Seven Entrepreneurs in Search of a Deal"
The Jewish Voice, July 16, 1999, "Governor's Trade Mission Trades in Diplomacy"
Philadelphia Enterpriser, May/June 1999, "Touched by an Angel"
Philadelphia Business Journal, May 21, 1999, "Internet Invaders - Kennett Square not just for mushrooms anymore"
Entrepreneur, October 1998, "Fair Game"
The News Journal, June 1998, "Firms Seek Their Pot of Gold"
Honorary Award Winners
The Sal Buccieri Venture Memorial Impact Award
The Sal Buccieri Memorial Venture Impact Award is awarded to an individual in the venture capital and entrepreneurial community who exemplifies the passion towards seeing early stage entrepreneurial opportunities succeed and flourish. This individual is one who has clearly impacted early stage technology and fast growth venture opportunities by providing the essential capital, extensive counseling and necessary vision to allow such companies to win in today's competitive environment. The recipient of this Award is one who strives to create a better environment for all so that entrepreneurs achieve their dreams and attain success. This award is bestowed upon an individual who goes beyond what is considered the norm in creating and supporting a community conducive for such early stage companies. He or she is one that is clearly identified with the early stage entrepreneurial community and is regarded in the highest professional, ethical and human regard.
The Sal Buccieri Memorial Venture Impact Award is named in memory for Salvatore Buccieri. Sal passed away in December 2000 after a hard-fought battle with cancer. He was 39. Sal was a Partner at Arthur Andersen in the Growth Company Practice that he joined in 1984 after graduating from Drexel University. He worked extensively throughout his career assisting early stage companies with financial and business issues. Sal was closely involved with Early Stage East and will be missed by all.
2001 Recipient - Frederick J. Beste III
Fred Beste has never had a real job. His career began in 1968 with Greater Washington Investors, Inc., a publicly-held venture capital firm, where he was Vice President and Treasurer. He then joined Kentucky Highlands Investment Corporation, a private venture capital development firm, where he was Vice-President and, ultimately, President and Chief Executive Officer. He joined Mid-Atlatnic Venture Fund in 1984 as the Founding President and Chief Executive Officer of its first general partner. During the course of his career, he has served on the boards of directors of dozens of companies, and has advised and worked with thousands of entrepreneurs. He has been widely published on the subjects of venture capital and entrepreneurship, and has done extensive public speaking on both subjects as well. He ws the Inaugural Honorary Chairman of Early Stage East. He was the Chairman of the 1994 Mid-Atlantic Venture Fair, and the recipient of the Greater Philadelphia Venture Group's 1995 Blair L. Thompson Memorial Award for career achievement. He received his B.A. in Economics from Stetson University.
2002 Recipient - Steven M. Goodman
Stephen M. Goodman is a partner in the Business and Finance Practice resident in the Philadelphia office of Morgan, Lewis & Bockius and is co-chairman of the firm's worldwide Technology Practice Initiatives. His practice focuses on representing emerging growth companies. He coordinates all aspects of the representation of such companies and concentrates his practice on legal aspects of corporate finance and acquisitions.
Mr. Goodman has served as a member of the Advisory Board to the Chairman of the U.S. Senate Judiciary Committee. Mr. Goodman served as a law clerk for U.S. Supreme Court Justice William J. Brennan Jr. and Chief Judge David L. Bazelon of the U.S. Court of Appeals for the District of Columbia Circuit after receiving his law degree from the University of Pennsylvania Law School.
The Founders' Award
The Early Stage East Founders' Award is awarded to an individual who has shown outstanding commitment, leadership and support of the venture capital community as a whole. This individual is committed to the growth of the overall venture capital community and has shown a belief in and commitment to this region in the development of venture capital and entrepreneurial activity.
2001 Recipient - Warren V. "Pete" Musser
Warren V. "Pete" Musser is Founder and Former Chairman of Safeguard Scientifics, Inc. (NYSE: SFE). Mr. Musser has led Safeguard Scientifics since its inception in 1953 and has helped guide hundreds of companies towards success. He has both financially and with his time and energy supported community activities, education and the arts. Mr. Musser has served on a variety of civic, educational and charitable boards of directors including Boy Scouts of America, The Eastern Technology Council, and as chairman of the Pennsylvania Partnership on Economic Education.
2002 Recipient - Scott Albert
Scott Albert, with over ten year experience in the venture capital industry, is currently responsible for most of the information technology investments as General Partner of The Aurora Funds Inc. Previously, he was the Chief Investment Officer of the North Carolina Technological Development Authority, Inc. ("NCTDA"), a state funded corporation that supports technology-based entrepreneurial companies in North Carolina where he led the new venture investment efforts and performed portfolio company monitoring for their extensive statewide portfolio. Prior to serving at the NCTDA, he was at Criterion Venture Partners in Houston, Texas, as a General Partner for a $30 million pool of capital. In addition, he has served as President of a venture-backed start-up company.
Honorary Chairmen Emeritus
2002: E. Rogers Novak, Jr., Co-Founder, Novak Biddle Venture Partners
2002: Jamie Hamilton, President, Corlante, Inc.
2001: Frank Bonsal, Co-Founder & General Partner, New Enterprise Associates
2001: Josh Kopelman, President & Founder, Half.com
2000: P. Kevin Kilroy, CEO, Bluestone Software
2000: John Martinson, Managing Partner, Edison Venture Funds
1999: Warren V. "Pete" Musser, Founder, Former Chairman, CEO, Safeguard Scientifics, Inc.
1999: Steve Walker, Founder, Trusted Information Systems
1998: Frederick J. Beste III, Founder, CEO MidAtlantic Venture Funds
1998: Richard W. Vague, Founder, Chairman and CEO, Juniper Bank