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WASHINGTON (Map, News) - Four Virginia companies have been tapped to present at the first annual Southeast Venture Conference. The conference is intended to be a springboard for a new venture capital association, which would represent the interests of Virginia, North Carolina, Georgia and Florida.
Arlington.-based buySAFE, McLean-based Market10, Diffusion Pharmaceuticals in Charlottesville and Submachine Corp. in Providence Forge will each pitch to hundreds of venture capitalists at the conference, scheduled for Jan. 31 and Feb. 1 in North Carolina’s Research Triangle Park.
Mark Warner, former Virginia governor, co-founder of Nextel Communications and a former venture capitalist, is scheduled to deliver the conference’s keynote address.
“The real issues our nation faces are no longer right versus left or conservative versus liberal. They’re about past versus future,” Warner said in a press release announcing the speaking engagement.
While Virginia is also represented by the Mid-Atlantic Venture Association, there are technology companies below the state that are missing out on opportunities, said Scott Hedrick, a spokesman for the conference.
“[The organizers] felt there was a need to bring in outside money into the region and showcase young companies throughout the [southeast],” Hedrick said. About 50 venture capital firms with a total of $29 billion under management have said they will attend so far, he said.
Conference organizers, which include the trade publication “Tech Journal South” and various venture capital firms, worked with both the Northern Virginia Technology Council and the Center for Innovative Technology to identify Virginia-based companies.
BuySafe is an eCommerce Web site that helps online shoppers prevent identity theft. Market10 is a career Web site designed by the founder of CareerBuilder.com.
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5:44 AM MST on Fri., Jun. 1, 2007 re: "Future of interest rates tied to dwindling dollar"
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8:24 AM MST on Wed., May. 9, 2007
re: "Bethesda-based USCE sees jump in profits along with increase in expenses"
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Morrison Bonpasse said:
The ups and downs of currencies cause substantial and wasteful disruption to the world's economy. What is needed is a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union. The benefits of a Single Global Currency will be substantial: - Annual transaction costs of $400 billion will be eliminated. - Worldwide asset values will increase by about $36 trillion. - Worldwide GDP will increase by about $9 trillion. - Global currency imbalances will be eliminated. - All Balance of Payments problems will be eliminated. - Currency crises will be prevented. - Currency speculation will be eliminated. - The need for foreign exchange reserves, now over $4 trillion, will be eliminated and these funds can be used for more productive purposes than maintaining an inefficient foreign exchange system. If a monetary union in Europe works for 13 countries, soon to be 22, then why not plan for monetary union for 192 countries?
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Examiner Reader said:
The name of the company is USEC, not USCE. Although USEC is their official name, it used to be short for the U.S. Enrichment Corporation.
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