Growthink Client Dr. Sears Family Essentials Raises $5.6 Million
Congratulations to Growthink client Dr. Sears Family Essentials.
Dr. Sears Family Essentials just completed a $5.6 million round of venture capital funding.
The funding was provided by Intuitive Venture Partners and will help Irvine, CA-based Dr. Sears with expansion and marketing efforts. Intuitive Venture Partners is based in New York.
Dr. Sears Family Essentials is a privately-held, functional food and beverage company rooted in the collective expertise of the Sears Family of Pediatricians, which features more than a century of combined medical knowledge. The company offers a doctor-formulated, kid-approved line of 100 percent all-natural snacks, beverages and supplements that provide essential daily nutrients, such as Omega-3 DHA, to help children grow healthy, strong and smart.
Dr. Sears Family Essentials products are reflective of Dr. Bill Sears’ lifelong dedication to children’s health and wellness and the company’s commitment to helping combat childhood obesity and Nutritional Deficit Disorder. Dr. Sears Family Essentials products are available nationwide at The Vitamin Shoppe, Whole Foods, independent natural health retailers and major regional grocery retailers including H-E-B, Meijer and Fred Meyer across the U.S., and online at www.drsearsfamilyessentials.com.
Growthink Client DecisionStep Purchased by Buy.com
Congratulations to Growthink client DecisionStep which was acquired today.
DecisionStep helps online businesses succeed by providing hosted, innovative solutions that let consumers make better decisions faster. DecisionStep's application called ShopTogether provides real-time, social interaction to shoppers so they can be part of each other's web experience and decision-making process, increasing order value and buyer conversion for retailers.
DecisionStep was acquired by Buy.com, a leading retail marketplace with more than 18 million customers. The amount of the acquisition was not disclosed.
To read the full press release of the acquisition, click here.
Growthink Sponsors Interactive Program on the Future of Advertising
Growthink, Inc. will host an online, interactive event focused on the rapid changes taking place in online advertising and media – and how these changes may impact private equity investors, marketers, and the thousands of emerging companies competing in an increasingly crowded field of technology-based marketing services.
The live Web event, free for participants, will take place on Tuesday, February 1st at 1:00 pm EST / 10:00 am PST.
Program highlights to include:
- Insights from the chief executives of two up and coming firms succeeding in this new advertising environment and experiencing rapid growth and tangible ROI due to their unique offerings.
- A sector snapshot from Growthink developed with the input of dozens of media and advertising executives, private equity investors, M&A bankers, entrepreneurs, sector analysts, and others deeply involved in the industry.
- Analysis on what emerging advertising business models to invest in … and to run from.
- A roadmap for young companies in the category hoping to successfully attract capital, execute their business strategies, rapidly acquire clients, and even reach the Holy Grail – exiting at an eye popping valuation.
For more, click here
Growthink Client Ifbyphone Raises $10 Million
Congratulations to Growthink client Ifbyphone.
Ifbyphone just completed a $10 million second round of venture capital funding. This
brings Ifbyphone’s total outside funding to $16 million.
Investors in this Series B round included Apex Venture Partners, Origin Ventures,
Spring Mill Ventures, i2A Fund, River Cities Capital and Second Century Ventures (the
National Association of Realtors’ investment fund)
Ifbyphone provides a suite of software-as-a-service voice applications for ad tracking,
call notifications, call forwarding, call automation and interactive voice response (IVR).
These technologies help you manage, measure and automate voice communications.
Growthink Named Strategic Advisor to Sonoma Risk Insurance Agency
Los Angeles, CA - Growthink has been selected as a strategic advisor to Sonoma Risk Management, a Los Angeles based insurance agency dedicated to providing innovative and affordable litigation insurance to individuals, businesses, and corporations. Its policies are underwritten by Zurich North America, a leading global insurance carrier.
Based in Los Angeles, with regional offices planned for the Midwest, Southwest, Southeast, and Northeast, Sonoma Risk is comprised of a skilled management team of seasoned professionals within the legal and insurance industries.
For more information go to http://www.sonomarisk.com
Growthink's work on behalf of Sonoma includes advice and assistance regarding various strategic alternatives, including outside financing and growth through strategic acquisitions. To learn more about Growthink's work on behalf of Sonoma Risk, please contact Ashumi Kothary at [email protected].
Growthink Advises Trees for Children on Venture Philanthropy Strategy
Los Angeles, CA - Growthink has been mandated as the strategic business planning and fundraising partner for Make a Mark Foundation's Trees for Children Initiative.
Make a Mark was established in 1993 as a non-profit foundation sponsored by The Noel Group, and with the help of supporters is focused its efforts on the looming orphan crisis.
As a result of the devastating AIDS pandemic, millions of orphans and vulnerable children are being left to fend for themselves. Make a Mark is working with a coalition of partners to support lasting and sustainable business solutions to the growing orphan crisis
Trees for Children is currently active in the Nyumbani Village, Kitui Kenya, where they are currently undertaking a 10-year project to plant a dry-land adapted tree species, Melia Volkensii, on 500 acres of land - 50 acres every year. Melia is an indigenous high-value tree species that will be sold as logs or timber products upon maturity. The trees are being watered with solar pumps and drip irrigation to insure they will survive the arid weather. The revenues generated will be enough to care for one village and also help plant more trees to benefit other AIDS orphans.
At the end of 10 years, the 300,000 trees planted will have offset tons of carbon emissions and improved the microclimate of the surrounding areas. Trees For Children – Kenya is a long-term strategy for sustainability that will provide funding indefinitely for current and future intergenerational villages. It is a concept Make a Mark hopes the entire world will embrace.
Growthink is currently acting as a strategic advisor to Trees for Children, helping to complete a business plan and define their fundraising strategy.
Please contact Tristan Sigerson or Brittany Lawson at Growthink at (310) 846-5000 for more information or Contact Sasha Gainullin at Make a Mark - [email protected] - to learn how you can help.
Growthink Launches Crowdfunding Formula
In 1957, the venture capital industry was born.
But in 2010, a brand new funding source arose that’s going to blow venture capital out of the water.
Within the next year, over 100 TIMES more companies will raise money from this new source than will raise venture capital.
What is this revolutionary new funding source?
It’s called Crowdfunding.
According to Growthink President Dave Lavinsky, “Crowdfunding is the most significant new fundraising tactic for entrepreneurs in 53 years. Because Crowdfunding is about raising money from friends, acquaintances and the general internet “crowd,” for the first time ever, there are more people giving out money then entrepreneurs seeking money. This changes everything!”
The bad news is that since Crowdfunding is so new, most entrepreneurs don’t know how to raise it and fail when they try.
That’s why Growthink just completed a comprehensive training course called Crowdfunding Formula, to teach entrepreneurs how to successfully raise money via crowdfunding.
Among other things, Crowdfunding Formula lays out the 14 steps that entrepreneurs must follow to raise Crowdfunding dollars.
You can learn more about Crowdfunding Formula here.
Bovie Medical Corporation (NYSE Amex: BVX) Names Growthink As Strategic Advisor
Bovie Medical Corporation (NYSE Amex: BVX) announced today that it has retained Growthink Securities, Inc. to assist Bovie as its strategic consulting, business planning and financial advisor in connection with developing various sales and marketing strategies, any potential financing and/or sale transaction, related to one or more of Bovie’s medical device product lines.
Click here to learn more.
Growthink Advising Reno-Tahoe Winter Games on 2022 Olympic Bid
50 years ago, Squaw Valley, California played host to one of the most treasured and revered Olympic games in history
Now, half a century later, the opportunity to craft another chapter in the region's rich Olympic heritage is upon us.
There is a strong probability that the Unites States will submit a region for consideration to host the 2022 Winter Games, and right now Reno-Tahoe region is positioned to be the clear front-runner.
The Reno Tahoe Winter Games Coalition has been working diligently to prepare for this opportunity. Influential regional leaders, such as the Coalition’s Chair Nevada Lieutenant Governor Brian Krolicki and Squaw Valley Ski Corporation’s Nancy Cushing believe that Reno - Tahoe will once again successfully host the Olympics.
Growthink has recently been retained by the coalition to assist in preparing a business plan and an overall bid strategy. Click here to learn more.
Growthink Sponsors Agriculture 2.0
Growthink is sponsoring a Agriculture 2.0, an event focused on building networks and knowledge in sustainability. Click here to learn more.
Simple Business Plan Template Now Available from Growthink
With Growthink's "Ultimate Business Plan Template," Entrepreneurs Can Finish a Business Plan in Hours or Days, Not Weeks or Months.
Developing a business plan has long been considered a "necessary evil" - something that an entrepreneur must do if he wants to get his business off the ground.
Business plans are especially important when raising capital. And raising capital is even more critical than most entrepreneurs often realize.
According to the Small Business Administration (SBA), the #1 reason that businesses fail is because they run out of money. Furthermore, the SBA found a strong correlation between developing a formal business plan and the long-term success of your business.
And in today's economic environment, it's even more important to have a professional business plan to attract capital and successfully build a business.
To help entrepreneurs develop successful business plans, faster, and at a price every entrepreneur can afford, Growthink Co-Founder and President Dave Lavinsky has developed a simple, but effective Business Plan Template.
Headquartered in Los Angeles, California, Growthink is the leading business plan consulting firm. Since 1999, Growthink has developed more than 2,000 business plans for entrepreneurs, startups, and middle market companies. Growthink clients have raised more than $1 billion in growth capital.
After 10 years of experience developing business plans and successfully raising capital for Growthink clients, Lavinsky has distilled Growthink's proven business planning process into a simple, easy-to-follow, "fill in the blanks" template. Growthink's "Ultimate Business Plan Template" allows any entrepreneur to develop a professional business plan in hours or days, not weeks or months.
As Lavinsky explains, "With Growthink's Ultimate Business Plan Template, the business planning process is no longer a dreaded chore, it's no longer a road block to successful entrepreneurship." He continued, "Now, an entrepreneur can finish a business plan quickly and easily, and get on with successfully raising capital and growing a profitable business."
Growthink's "Ultimate Business Plan Template" includes the following benefits and features:
- Detailed, simple-to-follow instructions to quickly and painlessly create a professional business plan
- Automatically synchronized Financial Projections, to simplify the most intimidating section of the business plan creation process
- Fill-in-the-blank Executive Summary with helpful tips and examples
- Compatible in Microsoft Word and Excel for simple customization
- Free support to answer questions should any arise
- Instant download so you can get started right now
- 365 day, no questions asked, money-back guarantee
- Extra bonuses worth hundreds of dollars
And, for a limited time, Growthink's "Ultimate Business Plan Template" also comes with a 30-day free trial to GrowthinkUniversity.com - Growthink's premium entrepreneurship training program. GrowthinkUniversity.com is home to hundreds of articles, training videos, tools, and resources for developing a professional business plan, raising capital, and growing a successful business.
For more information about Growthink's "Ultimate Business Plan Template," call 800-810-7068 or visit http://www.growthink.com/products/business-plan-template.
Growthink Launches Capital Raising Bootcamp
Earlier this week, Growthink began its much anticipated Capital Raising Bootcamp.
Growthink’s Capital Raising Bootcamp was designed to teach entrepreneurs everything they need to know in order to raise capital for their businesses.
The Bootcamp, which is delivered virtually via four live 90-minute webinars, covers the following topics:
Session 1: Essential Overview of Raising Capital
This session includes an overview of the three core categories of financing: debt, equity and alternative/creative financing. It then discusses the pros and cons of each of the 40 sources of capital included in these three categories.
Session 2: Required Capital Documentation and Debt, Grants & Alternative Funding
This session teaches entrepreneurs how to complete the nine core types of documents that are required when raising capital. It then provides step-by-step guidance on how to raise capital from debt, grants and creative & alternative financing sources.
Session 3: Venture Capital, Angel and Friend & Family Funding
This session goes step-by-step through the process of raising equity capital from friends & family members, angel investors and venture capital firms.
Session 4: Detailed Q&A
As anticipated, this initial offering of Growthink’s Capital Raising Bootcamp was sold out. If you are interested in getting on the wait list for our next Bootcamp, click here: http://www.growthink.com/products/capital-raising-bootcamp.
Growthink Named Strategic Advisor to Holographics, Inc.
Los Angeles, CA - Growthink has been selected as a strategic investment banking partner for Holographics, Inc. In light of recent flight disasters and emergency landings, including the recent emergency landing of a Southwest Airlines flight in West Virginia and the crash in Iran that killed 168 passengers, Holographics believes that its unique patented technology could drastically improve safety within the aviation industry. The Company is actively seeking a strategic acquisition partner with the financial, technical, and marketing resources to take advantage of the technology.
Holographics' Non-Destructive Testing technology, the Remote Acoustic Doppler System ("RAID"), was improved with DARPA funding, but is the sole property of Holographics. RAID not only detects flaws in composites, metals and other manufactured materials, it is also able to create a comprehensive description of the area being tested, including characterization and size of any defect. The RAID system operates by generating a shock wave that impacts the target and its proprietary software analyzes the resulting resonant frequencies in order to determine whether a defect is present.
Unlike current technology used for testing, the RAID system identifies the exact location of each defect, the size of the defect, and the depth of it within each layer of the composite. The system has been employed to test NASA space shuttles and rocket engines, US Navy B2 aircrafts and helicopter blades, as well as various other tests for organizations such as Boeing, Honeywell, and the Royal Air Force.
The RAID technology could serve as a key preventative measure in many governmental and commercial aviation applications. The Southwest emergency landing in West Virginia was related to a football-sized hole in the aircraft fuselage. According to RAID's inventor, Dr. John Webster, "The hole in the fuselage was probably due to corrosion, alternatively a fractured frame member, or cracking. This is exactly the type of defect that RAID is excellent at detecting."
Growthink is currently acting as a financial advisor to Holographics and is pursuing a strategic acquisition partner on the company's behalf. Please contact Troy Centazzo at Growthink: (310) 846-5009.
Growthink Releases Guide to Creative & Alternative Financing Sources
The mistake that most new and early stage companies make is that they go after highly competitive sources of funding. While getting venture capital or bank loans IS possible, it’s like driving on an extremely crowded highway. That is, you are competing against all the other cars (businesses).
To assist companies in successfully raising capital, Growthink just released a special new report entitled Growthink's "Definitive Guide to Creative & Alternative Financing Sources."
The Guide is like an off-highway roadmap. It presents 28 alternative routes for raising capital. It allows entrepreneurs to get off the crowded highway and to stop competing with so many other entrepreneurs seeking the same old financing sources. And it allows them to quickly start raising capital from the sources that most entrepreneurs don’t even know about.
To learn more about this report, click here: http://www.growthink.com/products/creative-financing-guide
Growthink Develops Business Plan for Beverage Brands, Inc.
Long Island NY - Launched in July of 2008, Beverage Brands, Inc., is quickly becoming a major player in the functional beverage market.
Beverage Brands’ initial product offering, MATÉ Fusion, is a healthy drink made with Yerba Maté and all natural fruit juices, and is currently available at 1,000 locations across the country. The Company is currently focused on increasing its production capabilities and expanding its distribution pipeline in major regional markets.
Beverage Brands, Inc., worked with Growthink and its team on the development of a business plan used to seek additional funding for expansion. Beverage Brands' CEO and founder Paul Adler was happy to proclaim that, "Growthink was second to none in their expertise in developing our business plan."
Brittany Lawson, a Senior Business Analyst at Growthink who managed the project, adds that, "Mr. Adler is a consummate professional and CEO. I greatly admired his drive and vision, and believe that the combination of this dynamic individual and the tasty, healthy beverages will lead the Company to greater future success."
For more information about Beverage Brands, Inc. and MATÉ Fusion, visit http://www.matefusiondrink.com/.
Growthink Releases Step by Step Guide to Raising Capital from Banks & SBA Lenders
Last year, the U.S. government provided funding to 69,434 companies through its Small Business Administration (SBA) lending program. And currently, the SBA has $45 Billion in loans outstanding to entrepreneurs.
Furthermore, this amount is dwarfed by the number and amount of traditional bank loans that are given to startup and growing companies.
But while SBA and traditional bank loans are such an ample source of capital and a perfect fit for so many startups and growing companies, most entrepreneurs don’t know how to access these funds.
As a result, Growthink has developed and now released our a new report entitled "Growthink's Step-by-Step Guide to Raising Capital from Banks & SBA Lenders."
To learn more about this report, click here: http://www.growthink.com/products/loanguide
Growthink Client WhyPark Acquired by Parked.com
Growthink announced today that its client, WhyPark, an Ohio-based non-traditional domain parking platform that combines full text, relevant content with keywords associated with a domain name, has been acquired by Parked.com.
The acquisition was announced on April 28, 2009. Terms were not disclosed. Parked.com, founded in 2006, specializes in monetizing domain names.
Growthink worked with WhyPark (http://www.whypark.com) to develop its initial business plan and strategy, including capital acquisition and investor relations.
"We worked to position WhyPark so its investors would realize the value of its technology and how the Company was poised to become a leading player in the domain development market," said Emily Burg, Growthink's VP of Strategy.
"WhyPark's successful acquisition by Parked.com validates the long-term value that Growthink's strategic consulting provides to our clients."
Growthink Named Strategic Advisor to BacTech Mining Corporation
Growthink announced that the firm has been named strategic advisor of record to BacTech Mining Corporation, a publicly-traded Canadian company specializing in the clean up and reclamation of metal mine tailings.
Headquartered in Toronto, BacTech is an environmental services firm that owns a proprietary, patented bacterial oxidation process that enables responsible mining via environmentally-friendly technology. Called "bioleaching," BacTech's groundbreaking and time-tested process employs naturally-occurring bacteria that oxidize hazardous materials at mine sites while extracting the residual metals therein.
Growthink was engaged by BacTech to communicate the benefit of this pioneering technology to the U.S. clean tech investment community with the goal of securing domestic funding or strategic partnerships via comprehensive campaigns in Web marketing, public relations, financial advisory, and investment banking.
"Growthink possesses the expertise, relationships and investment capabilities in the clean tech space that we feel will position BacTech for a successful equity capital raise," said Ross Orr, President and CEO of BacTech. "We look forward to continuing to build our relationship with the talented Growthink team as our firm becomes poised for future growth."
"We're extremely excited to be working with BacTech, and to introduce them to prospective domestic investors," said Jay Turo, CEO and Managing Partner of Growthink. "The renewed focus on bioleaching will set the stage for clean tech and environmental fund interest, and will position BacTech as the leading provider of bacterial oxidation to the mining industry."
Learn more about BacTech and bioleaching at http://www.bactech.com.
Growthink Named Strategic Advisor to V Starr Interiors, Inc.
Growthink has been named strategic advisor of record to V Starr Interiors, the interior design agency established by five-time Wimbledon champion Venus Williams.
Headquartered in Jupiter, Florida, V Starr Interiors specializes in creating sophisticated, luxurious, interior spaces, ranging from distinctive private residences to universally recognized commercial buildings, athletic complexes and media venues. V Starr Interiors' premier projects include set design for the Tavis Smiley Show (PBS Network), and the Athletic Housing complex used by the City of New York in its proposal to host the 2012 Olympic Games.
V Starr Interiors’ designs have been featured in more than fifteen leading design, lifestyle and business publications, including Luxury Living, South Florida CEO, JET and Palm Beach Journal. Growthink will advise V Starr Interiors on the Company’s Business Development, Growth Strategy and Market Evaluation initiatives.
"Growthink has enabled more than 2,000 companies to become leaders in their markets. Growthink develops winners—and that makes them the perfect strategic partner for V Starr Interiors," said Venus Williams, V Starr Interiors’ Founder and CEO. "Together, we’re going to create and implement a plan that will bring V Starr Interiors’ award winning and distinctive design approach to a global marketplace."
Learn more about V Starr Interiors: http://www.vstarrinteriors.com
Growthink, Inc. Opens Seattle Office
Growthink, Inc. today opened a Seattle, WA office to serve the area's fast-growing emerging and middle-market company community.
"Seattle is a hotbed of entrepreneurial and private company investment activity," said Growthink Managing Director and CEO Jay Turo. "We have served dozens of clients in Seattle over the past ten years, but because of the volume of clients that we now have in the area, it made sense to open an office in Seattle to serve them."
Growthink Director Branden Harper will lead the office.
Growthink and Safari Air Featured in AOL Money News, Forbes, SmartMoney.com
Growthink has received numerous press mentions for the firm's recent work with Safari Air, the nation’s first carbon neutral luxury private airline. Growthink is advising Safari Air on the company’s business development, growth strategy and marketing initiatives.
Growthink and Pop! Technology on CNBC, Forbes, Yahoo! Finance
Growthink has received wide coverage for its recent work with Pop! Technology, a creator of 'active' barcode information systems used by the Food, Beverage, Pharmaceutical and Health Services sectors.
Pop! Technology’s 'smart' barcodes provide users with real time information about the status and condition of their products at all points of the supply and distribution chain, from manufacture to end-user. The Company’s barcodes, which are compatible with current scanning devices, can provide users with a range of critical information, including product temperature, retail placement, fraud detection and shoppers’ buying patterns.
Austin, Texas-based Pop! Technology recently retained Growthink to raise $2 million in Series A growth capital.
Growthink Grows: Firm Relocates to City National Bank Building
Los Angeles, California—Growthink today unveiled a new corporate website and announced the relocation of the Firm’s global headquarters, effective January 4, 2008, from Venice, CA to the City National Bank Building, located at 6033 West Century Boulevard, in Los Angeles.
Growthink has organized its offices using an 8,537 square foot open concept plan on the first floor of the building, which is located adjacent to the entrance to Los Angeles International Airport.
“Our new website and new headquarters—located near LAX, the gateway to Asia—reflects the global impact of our Investment Banking and Business Development services, which are building successful companies from Santa Monica to Shanghai,” said Jay Turo, CEO and Managing Partner of Growthink. “The Company’s revenues have increased nine-fold in four years and that success is apparent in Growthink’s website, which showcases the full range and capacity of our advisory services, and in our expansive office space, which allows us to grow bigger, bolder and better able to service a worldwide client portfolio.”
Growthink, Inc. Opens San Diego Office
Leading strategic consulting firm Growthink, Inc. today opened a San Diego office to serve the areaís fast-growing emerging and middle-market company community. ìSan Diego is a hotbed of entrepreneurial and private company investment activity,î said Growthink Managing Director and Founder Jay Turo. ìWe have served dozens of clients in San Diego from our Los Angeles office over the past seven years, but because of the volume of clients that we now have in the area, it made sense to open an office in San Diego to serve them.î
Growthink Director Pawan Kalra will lead the office.