*Silicon Alley Firms Set to Pitch at Venture Capital Conference
The conference's aim is to make Silicon Valley venture capitalists more aware of hi-tech investment opportunities on the East Coast by exposing them to some of Silicon Alley's "top picks."
"The venture community on the East Coast is very disparate [while] San Francisco is the center of hi-tech investing," said Janet Stites, publisher of AlleyCat News. "In Silicon Valley, you can really shop around."
While it's unrealistic to expect immediate buckets of cash to result from the trip, the networking opportunity is enough to make the conference worthwhile, said Carolyn Everett, COO of community site Bikini.com.
"Even if you don't get connected [with an investor], you've got a better than even shot that [the conference] will result in meeting the right person," she said.
The event also offers Silicon Alley entrepreneurs a chance to reconnect with one another, said Conrad Cummings, vice president and "chief wrangler" of children's entertainment company Hyperspace Cowgirls. "We all came up together," he said, noting that New York City's hi-tech business community is a fairly tight group. "Sometimes you've got to take a field trip to remember that you're in the same class."
Conference sponsors, which included American Airlines, CBS Marketwatch.com, Camhy Karlinsky and Stein, Intellispace, J.P. Morgan, The Jordan Edmiston Group, KPMG, Middleberg + Associates, New York New Media Association, Oracle Corporation, Prospect Street Ventures, Redwood Partners and Silicon Valley Bank whittled to list to 29 from 70 applicants.
The 29 firms attending the Valley to the Alley conference are Absolute Reality Corp., AdOne LLC, Advanced Materials Design LLC, Bikini.com, cha! Technology Services Inc., congruency Inc., Deja News Inc., The Duck Corp., Electronic Sales Systems Inc., EZCD.com, Horizon Live Distance Learning Inc., HotelNet USA Inc., Hyperspace Cowgirls, IllusionFusion, Index Stock Imagery, Intelligenesis Corp., Jumpcut, Paradigm Software Technologies Inc., PassLogix Inc., Pegasus Internet Inc., RenalTech International LLC, RivCom Inc., Robocast Inc., Sitebridge Corp., Small World Sports, Soliloquy Inc., Unicast Comunications, Uproar Inc. and w-Trade Technologies.