December 8, 2010
First Growth Venture Network Accelerates Growth of
Promising Entrepreneurs
Application Process for Third Vintage Now Open
Posted by Dolores Volker
New York City, NY (Wobwire.com) –First Growth Venture Network, a program
based in New York City for high potential, seed and early stage start-up tech
entrepreneurs, is pleased to announce that the application process for its
third vintage is now open.
“The ecosystem for start-ups in and around New York continues to develop,”
said Edward Zimmerman, chair of the Tech Group at law firm Lowenstein
Sandler and First Growth Venture Network co-founder. “First Growth Venture
Network is dedicated to nurturing these entrepreneurs and creating the best
possible conditions for them to grow into best-of-breed companies.”
FGVN accelerates the first growth of promising entrepreneurs by first,
connecting them with its team of advisors made up of venture capitalists,
angel investors and successful entrepreneurs, all of whom have spent years
in and around tech start-ups; second, providing ample time for small group
meetings with advisors; third, providing substantive information and
networking across the entire FGVN community; and fourth, fostering a peer
group of similar tech leadership teams within the FGVN program.
In June, FGVN announced that nine members of its premiere class, or
“Inaugural Vintage” of 15 start-ups, received funding, and one member
company was acquired during the program’s first year.
The second vintage started in September with 10 companies including
Baublebar, Birchbox, GateGuru, Hour.ly, Milestone Project, Moda Operandi
(TrunkShow), Plant.ly, Postling, Roundeux and SkillSlate. A number of them
have already received funding. The third vintage begins in January with both
classes graduating in June.
FGVN’s group of “Founding Growers” includes leading venture-related
entities Battery Ventures, Charles River Ventures, First Round Capital,
Flybridge Capital Partners, Highland Capital Partners, IA Ventures, North
Bridge Venture Capital, OpenView Venture Partners and Valhalla Partners;
angel investors Grape ArborVC and AngelVineVC; the Tech Group at law
firm Lowenstein Sandler; and the tech investment banking firm GCA Savvian.
The program accepts applicants who are working full time on a tech start-up,
featuring a first or second time CEO. Notably, FGVN does not require cash
or equity from the companies that participate.
For more information on and applying to the program, please visit www.
firstgrowthvn.com or contact: info@firstgrowthvn.com.
The Lowenstein Sandler Tech Group is a leading tech and venture capital
law practice that has closed well over 200 venture and angel deals in the last
two years. From offices in New York, Palo Alto and Roseland, the Tech
Group represents VCs, angels, PE funds and the companies they back in
critical transactions (M&A, financings, strategic alliances) and protecting and
commercializing intellectual property.
About Lowenstein Sandler
Lowenstein Sandler PC is a nationally recognized corporate law firm with
offices in New York, Palo Alto and Roseland, with approximately 255
attorneys providing a full range of legal services. The firm's commitment to
its clients is demonstrated through its client-centered, service-oriented
culture. Lowenstein Sandler attorneys are regularly recognized for
excellence by clients and peers in national publications, including The Best
Lawyers in America, Chambers USA: America’s Leading Lawyers for
Business and The Legal 500.
Media Contact: Melissa Mandel, Rubenstein Associates
212-843-8060
mmandel@rubenstein.com
First Growth Venture Network Accelerates Growth of
Promising Entrepreneurs
Application Process for Third Vintage Now Open
Posted by Dolores Volker
New York City, NY (Wobwire.com) –First Growth Venture Network, a program
based in New York City for high potential, seed and early stage start-up tech
entrepreneurs, is pleased to announce that the application process for its
third vintage is now open.
“The ecosystem for start-ups in and around New York continues to develop,”
said Edward Zimmerman, chair of the Tech Group at law firm Lowenstein
Sandler and First Growth Venture Network co-founder. “First Growth Venture
Network is dedicated to nurturing these entrepreneurs and creating the best
possible conditions for them to grow into best-of-breed companies.”
FGVN accelerates the first growth of promising entrepreneurs by first,
connecting them with its team of advisors made up of venture capitalists,
angel investors and successful entrepreneurs, all of whom have spent years
in and around tech start-ups; second, providing ample time for small group
meetings with advisors; third, providing substantive information and
networking across the entire FGVN community; and fourth, fostering a peer
group of similar tech leadership teams within the FGVN program.
In June, FGVN announced that nine members of its premiere class, or
“Inaugural Vintage” of 15 start-ups, received funding, and one member
company was acquired during the program’s first year.
The second vintage started in September with 10 companies including
Baublebar, Birchbox, GateGuru, Hour.ly, Milestone Project, Moda Operandi
(TrunkShow), Plant.ly, Postling, Roundeux and SkillSlate. A number of them
have already received funding. The third vintage begins in January with both
classes graduating in June.
FGVN’s group of “Founding Growers” includes leading venture-related
entities Battery Ventures, Charles River Ventures, First Round Capital,
Flybridge Capital Partners, Highland Capital Partners, IA Ventures, North
Bridge Venture Capital, OpenView Venture Partners and Valhalla Partners;
angel investors Grape ArborVC and AngelVineVC; the Tech Group at law
firm Lowenstein Sandler; and the tech investment banking firm GCA Savvian.
The program accepts applicants who are working full time on a tech start-up,
featuring a first or second time CEO. Notably, FGVN does not require cash
or equity from the companies that participate.
For more information on and applying to the program, please visit www.
firstgrowthvn.com or contact: info@firstgrowthvn.com.
The Lowenstein Sandler Tech Group is a leading tech and venture capital
law practice that has closed well over 200 venture and angel deals in the last
two years. From offices in New York, Palo Alto and Roseland, the Tech
Group represents VCs, angels, PE funds and the companies they back in
critical transactions (M&A, financings, strategic alliances) and protecting and
commercializing intellectual property.
About Lowenstein Sandler
Lowenstein Sandler PC is a nationally recognized corporate law firm with
offices in New York, Palo Alto and Roseland, with approximately 255
attorneys providing a full range of legal services. The firm's commitment to
its clients is demonstrated through its client-centered, service-oriented
culture. Lowenstein Sandler attorneys are regularly recognized for
excellence by clients and peers in national publications, including The Best
Lawyers in America, Chambers USA: America’s Leading Lawyers for
Business and The Legal 500.
Media Contact: Melissa Mandel, Rubenstein Associates
212-843-8060
mmandel@rubenstein.com
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