For immediate release
Right-Hand Partners Affirms Entrepreneurs Are Rising To The Bar Set High By Venture Capital Community
San Francisco, CAFriday, February 15, 2002Right-Hand Partners LLC, producer of the One-to-One Visibility Conference in San Francisco, announces that the presenting companies at the conference on February 15th 2002 have all demonstrated tangible proof of market need by obtaining beta customers.
About Right-Hand Partners
"The bar has gone up!" is a commonly heard phrase from the venture capital community since mid-year 2000. Investors are now demanding that buyers be in place in order to demonstrate market validation. And, it seems that the entrepreneurs have received this message, and have risen to this high level of investor expectations.
Rebekah Wu, Founding Partner of Right-Hand Partners said, "Prior to 2000, seed stage companies had no customers in sight. Today, however, many entrepreneurs are bootstrapping their companies and working with beta customers before they begin seeking an A-round."
Companies like 1747 Inc., a presenter at Friday's conference, already have a paying customer. "Our first customer not only purchased our product, but invested in our company," said Naomi Fried, General Manager of 1747 Inc.
Randy Haykin, Managing Partner of iMinds Ventures, and participant in the One-to-One Visibility Conference added, "Seed stage companies with customer traction is a form of market validation, it perceptually separates the "must-have" solution from the 'nice-to-have'."
The One-to-One Visibility Conference is an invitation only, tri-annual venture conference with 10 startups and 10 investors who are actively seeking new ventures to fund. The conference is known for its high quality production, intimate venue, and rigorous selection criteria that draws top quality companies and active investors.
Right-Hand Partners uses the venue of intimate events to make high value introductions and drive deal flow between companies, and their critical-path investors, customers and partners. The Company is a "right-hand partner" to both entrepreneurs and the venture capital community.
About 1747 Inc.
1747 Inc. has developed a proprietary method for conducting clinical
trials entirely on-line.
About iMinds Ventures
iMinds Ventures is an active venture investor, focusing on seed and early stage enterprise software and services companies. Through this early stage, hands on approach, the fund has delivered returns in the top quartile of all venture funds.