It Was a Turbulent Couple of Years But Startups in Q4 ’09 Prospered

first_imgA Web Developer’s New Best Friend is the AI Wai… While 2009 continued a downward trend as one of the worst recessions in U.S. history, the decline for venture-backed mergers and acquisitions has not been as severe as the dot-com bust in 2001 and 2002.New figures from the National Venture Capital Association show that in the last quarter of 2009, M&A hit $7.8 billion, up from the previous year’s mark of just over $2 billion. Overall, 2009’s total of $12.6 billion could not match 2008’s $13.6 billion total.Mergers and acquisitions totaled over $68 billion in 2000, only to fall below $8 billion by 2002 following the bursting of the dot-com bubble. In contrast, 2007’s M&A total of $29 billion has declined to just over $12 billion in 2009 – a much more smooth rate of decay which has begun to flatten out. Mark Heesen, president of the NVCA, says they expect to see continued improvement throughout 2010. “Clearly, we have a long way to go towards a full recovery but we are encouraged by the increasing acquisition values and the number of companies that have filed a registration with the SEC to go public,” he says. Related Posts A late boost in the fourth quarter of 2009 has helped startups from reliving the experiences from earlier in the decade, the largest of which came from Amazon‘s July purchase of Internet shoe seller Zappos for $930 million. This acquisition helped internet specific purchases climb to $2.2 billion in Q4 2009 – a near seven-fold increase from 2008’s final quarter. Tags:#start#startups chris cameron 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic…last_img read more

LI Green Aims for a Greener Long Island

first_imgLaunched in 2007, the nonprofit performs energy-efficiency audits for Suffolk County homeowners and helps initiate retrofits, all with the goal of improving Long Island’s ecology and economyWhen business savvy, a certain level of altruism, and environmental and economic needs align, it can be a beautiful thing. And sometimes a really green one.LI Green, a small nonprofit affiliated with Stony Brook University academic programs, including Stony Brook Southampton’s sustainability program, is evidence of that.Inspired by a Stony Brook School of Business and School of Engineering market study that showed grassroots energy efficiency programs could deliver services to homeowners more inexpensively and effectively than programs offered by local utilities, LI Green’s entrepreneurial co-founders, Richard Turan and Charles Schwartz, assembled a small team of technicians and began offering homeowners free energy audits. In April 2008, the group also began presenting what it calls “GreenSpeaks” community awareness seminars in Suffolk and Nassau counties that have attracted a combined total of more than 500 people.A concerted effortLI Green has partnered with not only Stony Brook University but also Suffolk County Government and Bethpage Federal Credit Union to provide the audits, help homeowners who receive them contact a contractor (certified by the Building Performance Institute), and also provide details about securing below-market financing. LI Green techs also can offer guidance to homeowners who want to do the work themselves.Each audit includes an in-depth report on the home’s energy performance based on the audit team’s energy survey of the house, a thermographic study, and a utility bill analysis. So far, LI Green says, the service has facilitated audits of more than 60 homes and helped arrange retrofits for more than half of the audit recipients. LI Green adds that its program has prompted the creation of 10 jobs in the private sector.In at least one very important way, LI Green’s approach resembles the one recently proposed by the ClimateSmart energy efficiency program serving Boulder, Colorado: the audit team not only provides performance data, it makes it easy for the homeowner to take the next crucial step toward getting the retrofits done.LI Green asks homeowners to prepare in advance for an audit by creating a profile of their home that includes its size and age; its source of heat; a list of alterations to the original structure; areas of concern (including drafty spots and high energy bills); and 12 months of heating fuel and utility bills. The first step, though, is to fill out an LI Green request-for-services form, available by clicking here.last_img read more

“Freedom from Cancer” project helps 154 patients

first_imgA “Freedom from Cancer” project, launched by a cancer speciality hospital here, has helped out adults suffering from blood cancer, enabling them to lead a normal life, with the treatment facilitated by philanthropists, charitable trusts and individual donors. As many as 154 cancer patients have benefited from free chemotherapy and investigation and nursing facilities.Bhagwan Mahaveer Cancer Hospital took up the project in August 2015 for making an effective intervention in the treatment of cancer patients who were unable to bear the expenses. Patients suffering from Chronic Myeloid Leukemia (CML) blood cancer, which affects bone marrow and blood as a result of chromosomal mutation and abnormality, were selected as the beneficiaries.Hospital’s Director (Clinical Services) S.G. Kabra told The Hindu here on Friday that a total of 212 CML patients were registered for treatment till June 30, and 154 of them, including 82 males and 72 females, were receiving free medicines and being monitored regularly. Fifty-eight of the registered patients were disconnected from the socially supported project for default and other reasons.Dr. Kabra said all the beneficiaries were cancer-free and were leading a normal productive life. The emphasis was on “target therapy” through Imatinib drug, which had turned out to be a very effective medicine internationally, he said and added that the drug had led to complete and long-lasting remission of CML in over 85% of the patients.CML was the first cancer that was linked to chromosomal mutation, described in the medical circles as the Philadelphia chromosome. “If the cancer promoting enzyme could be inhibited, the cancer growth stops. The research led to development of Imatinib in 1990 and its human trial was conducted in 1998, after which the FDA approved it in 2001,” said Dr. Kabra.The medicine acts only on cancer cells, keeping other dividing cells of the body unaffected and leaving virtually no side effects. Taming of one’s deadly CML blood cancer illustrated the struggle and sustained fight against cancer, affirmed Dr. Kabra, who is also a medical science researcher and activist.The project has helped people like Parmeshwari Devi, 50, for whom the costly treatment was unaffordable, and Meera Devi, 48, wife of a vegetable vendor, who has been getting free Imatinib medication. Similarly, Kapil Kumar Vyas, 45, working at a marble shop in Makrana, is free of cancer as a result of the project’s intervention.The “Donate a Life” fund being operated by the hospital for children as a parallel measure has helped treat 85 kids. The fund’s beneficiaries are children below 14 years of age suffering from any of the three types of curable blood cancers – acute lymphoblastic leukaemia, acute promylocytic leukaemia and Hodgkin’s lymphoma.last_img read more

Wrestling: Sushil Kumar is sure of a good show

first_imgThe grappler from Najafgarh has raised the profile of the sport in the country with a bronze at the Beijing Olympics, and the expectations from Indian wrestlers have also risen in the past four years.Now the five-member Indian wrestling contingent is eyeing nothing less than the podium in London.”You will not find the Indian wrestlers wanting in the ring. We are determined to give our best,” Sushil said a day before the wrestling competition begins. “But then, it is sports. Nothing can be predicted for sure,” the wrestlers said in an interaction at the Games village after his arrival from his training stint in Minsk, Belarus.The greco-roman competition started on Sunday but the Indians, who are only participating in the freestyle categories, will begin their campaign on Thursday.Sushil is confident of his prospects but not taking anyone lightly.”In my category, there are few wrestlers with whom I have not wrestled so far. But this is Olympics. You will have to be prepared for anything,” he said. “People back home have lot of expectation not only from me but from other wrestlers as well. This is a very good sign. Earlier wrestling never got so much of medium attention.” Team leader Raj Singh is confidence that the Indian wrestlers will win a couple of medals.”There is nothing 100 percent in life, but one makes assessment on the basis of past performances and present form. The wrestlers are in very good shape,” he said.last_img read more