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Subject:VentureWire Alert, Tuesday, November 20, 2001
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Date:Tue, 20 Nov 2001 05:22:31 -0800 (PST)

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&nbsp;<font face="verdana, verdana, arial, geneva, helvetica" size=1 color="white"<<b<For Jeffrey Dasovich, Enron</b<</font<
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<b<VENTURE <br<MARKET <br<SUMMARY </b<</font<
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<table border="0" width="90%" cellspacing=0 cellpadding=0<<tr<<td<<font face="verdana, arial, geneva, helvetica" size="2"<On Monday, VentureWire learned that Guide Ventures, a VC firm focused on West Coast-based seed and early stage IT companies, expects to raise $60 million to $70 million for its third fund next year. The firm will soon finish up investing out of its Guide Fund II, a $21 million fund that has a portfolio of 12 companies so far. Guide Fund III will invest 75% in wireless applications, IT infrastructure, and security and the rest in tools and applications for bioinformatics, a new investment focus for the firm.<br<<br<For the 16 startups that pulled in a total of $146 million, including AcceLight, which landed a $60 million Series B, it was a good start to the holiday week. Not so for TechTV. The 24-hour cable television channel covering technology, information,
and entertainment news, said it has laid off 130 employees, a reported 25% of its total staff. The company, which was formerly known as ZDTV, is owned by Vulcan Ventures.<br<<br<It may not be bad news for the company, but SafeWeb&#39;s decision to discontiue its free consumer service didn&#39;t brighten the holiday spirits of that service&#39;s users. The company, which develops a secure Web browser that blocks the ability to trace browsing, said it has discontinued the free service to focus on business customers. The company may re-launch the consumer service through a fee-based subscription model, but it is currently focused on its new enterprise security product that has been in development for several months. SafeWeb has received funding from In-Q-Tel, the
CIA&#39;s venture capital fund, which could mean the move is plot of a vast government conspiracy or perhaps it&#39;s just an attempt to actually turn a profit.</font<</td<</tr<</table<
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<br clear=all<<table cellpadding=4 BGCOLOR="#FFFFBB"<<tr<<td<<font face="courier" SIZE=2 color="black"<Where to Find Follow-On Financing Now:
<br<
<br<A VentureWire Special Report
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<br<Sure, venture money is harder to come by than ever,
<br<but not impossible. In a Venture Wire Special Report
<br<you can order today, we&#39;ll detail the investors who
<br<have the capital, time, and willingness to fund
<br<expansion rounds. You might be surprised: It&#39;s not
<br<the usual suspects. Hundreds of young companies are
<br<being funded every week -- not just seed rounds but
<br<Series B, C, and even later -- and the VentureWire
<br<Special report lists the seasoned investors who are
<br<doing such deals outside their own portfolios.
<br<These days, executive time is more precious than
<br<ever; so don&#39;t waste it looking for money from VCs
<br<who are fully invested, or engulfed with triage on
<br<ailingn portfolios. Pitch the firms with plenty of
<br<capital and a demonstrated recent willingness to
<br<invest to help startups survive the downturn, and
<br<thrive in the upturn. Order your VentureWire Special
<br<Report now, and you&#39;ll get our real-time analysis of
<br<today&#39;s money-raising environment, as well as the
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<br<the most active investors. The research, based on up-
<br<to-the-minute reporting from VentureWire, will be
<br<published next month. Reserve your copy today for the
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<font face="verdana, verdana, arial, geneva, helvetica" SIZE=2 color="black"<<b<NOTABLE DEALS</b<</font<<br<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwLJQKMONIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Guide Ventures Plans $60 Million Fund for IT, Bioinformatics</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=LJQKMONIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<SEATTLE -- Guide Ventures, a venture capital firm focused on seed and early stage IT companies on the West Coast, expects to raise $60 million to $70 million for its third fund next year, managing director Russ Aldrich told VentureWire.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.guideventures.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.guideventures.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwLNIHPHMIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Pequot Opens First West Coast Office in Menlo Park</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=LNIHPHMIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<MENLO PARK, CALIF. -- Pequot Ventures, the direct venture investment arm of Pequot Capital Management, said it has opened a Menlo Park, Calif. office, its first on the West Coast.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.pequotcap.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.pequotcap.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwQJINJINIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Vulcan Venture&#39;s TechTV Lays Off 130 Staffers</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=QJINJINIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<SAN FRANCISCO -- TechTV, a 24-hour cable television channel covering technology, information, and entertainment news, said it has laid off 130 employees
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.techtv.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.techtv.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwNMQOKNMIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<SafeWeb Discontinues Free Service, Will Launch New Product</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=NMQOKNMIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<EMERYVILLE, CALIF. -- SafeWeb, the developer of a secure Web browser that blocks the ability to trace browsing online, said it has discontinued its free, consumer service.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.safeweb.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.safeweb.com<;/font<</a<
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<a href="http://venturewire.com/index.asp"<<font face="verdana, verdana, arial, geneva, helvetica" SIZE=2 color="black"<<b<VENTUREWIRE INDEX</b<</font<</a<
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<font face="verdana, arial, geneva, helvetica" size="1" color="gray"<454.9 &nbsp; -1.37%</font<
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<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwMJJPNMMIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<netForensics Locks in $10.8 Million in Ongoing Series B</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=MJJPNMMIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<EDISON, N.J. -- netForensics, a developer of software for real-time network security information and analysis, is expected to announce it has raised $10.8 million in its ongoing Series B round.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.netforensics.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.netforensics.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwNIOKLJLIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<AcceLight Networks Raises $60M in Series B Round</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=NIOKLJLIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<PITTSBURGH -- AcceLight Networks, which designs and manufactures a photonic service switch, said it raised $50 million in equity and $10 million in debt financing in its over-subscribed Series B round of funding.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.accelight.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.accelight.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwLLHQMKMIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Aegis Analytical Gets $14.5 Million in Second Round Funding</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=LLHQMKMIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<LAFAYETTE, COLO. -- Aegis Analytical, a provider of manufacturing informatics software systems for pharmaceutical and other manufacturers, said it received $14.5 million in second-round funding.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.aegiscorp.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.aegiscorp.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwNIKIHPLIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Inventory Software Firm Contextual Launches with $11M</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=NIKIHPLIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<AUSTIN, TEXAS -- Contextual, a software company providing Web-based tools to manufacturers and distributors, announced its launch with $11 million in funding.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.contextual.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.contextual.com<;/font<</a<
</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwHHMJJMLIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Audio Conferencing Firm Octave Sounds Out $17M in Round Four</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=HHMJJMLIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<NASHUA, N.H. -- Octave Communications, a provider of hardware and software for audio conferencing, said it raised $17 million in its fourth round of funding.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.octavecomm.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.octavecomm.com<;/font<</a<
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<br clear=all<<table cellpadding=4 BGCOLOR="#FFFFBB"<<tr<<td<<font face="courier" SIZE=2 color="black"<<center<<img border="1" height="110" width="82" src="http://venturewire.com/ads/110x82ads/Friedman.jpg" alt="Healthcare Outlook"<</center<
<br<Dr. Michael Friedman
<br<SVP, Research & Development
<br<Pharmacia Corp.
<br<
<br<If it&#39;s an expert viewpoint from both sides of the
<br<regulatory divide you&#39;re looking for, Michael Friedman&#39;s
<br<superbly qualified to ask. A former acting commissioner
<br<of the FDA, and currently head of research at Pharmacia,
<br<he understands both the drug regulatory process and the
<br<pharmaceutical research and development process
<br<intimately. He bridges all the key areas on what it
<br<takes to get a drug through development and approval.
<br<On October 30th, it was announced that he will spearhead
<br<the Pharmaceutical Research and Manufacturers of America&#39;s
<br<(PhRMA) initiative to protect public health as PhRMA&#39;s
<br<Chief Medical Officer for Biomedical preparedness.
<br<
<br<Register your place today to hear his address at
<br<Healthcare Outlook
<br<
<br<Healthcare Outlook
<br<San Francisco Airport Marriott
<br<January 22, 2002<br<<br<<a target=" _new" href="http://venturewire.com/ads/ad.asp?id=1580"<http://www.healthcareoutlook.com<;/a<</font<</td<</tr<</table<<br<
<table border="0" width="80%" cellspacing=0 cellpadding=0<<tr<<td<<a name="vwNQLPQLMIJI"<<b<<font face="verdana, arial, geneva, helvetica" size="2"<Red Herring Cuts 27%, Puts Conference Business on Ice</font<</b<</a<</td<<td align="right"<&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=NQLPQLMIJI" target=NEW<<img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"<</a<&nbsp; </td<</tr<
<tr<<td colspan=2<<font face="verdana, arial, geneva, helvetica" size="2"<SAN FRANCISCO -- Red Herring Communications, a publisher of print and online news publications, has laid off 27% of its employees and canceled conferences planned for the first half of 2002, a spokesperson said.
</font< [<a href="http://professional.venturewire.com/prostory.asp"<more..</a<]<br<
<a href="http://www.redherring.com" target="_new"<<font face="verdana, arial, geneva, helvetica" size="2"<http://www.redherring.com<;/font<</a<
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<br<In today&#39;s world, alchemy has less to do with transmuting
<br<lead into gold than it does turning silicon into cash.
<br<Alchemy Semiconductor, an Austin-based fabless
<br<semiconductor company founded by key members of the
<br<former DEC Alpha/StrongARM design team, has focused its
<br<wizards on developing high-performance, low-cost
<br<systems-on-a-chip for PDAs, Internet appliances, and
<br<other Internet edge devices. Among the latest feats
<br<is a processor that can handle real-time streaming
<br<video and audio in the MPEG-4 format. CEO Jim Moore
<br<will present Alchemy&#39;s story and technology at
<br<Pervasive Computing Outlook.
<br<
<br<Register today to guarantee your place.
<br<
<br<Pervasive Computing Outlook
<br<December 4 & 5, 2001
<br<San Francisco Airport Marriott<br<
<a target=" _new" href="http://venturewire.com/ads/ad.asp?id=1581"<http://www.pervasivecomputingoutlook.com<;/a<</font<</td<</tr<</table<
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