Safeguard Scientifics holds Investor Day 2012 conference in New York

Tom Paine


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Safeguard Scientifics held its Investor Day 2012 Conference yesterday at the Yale Club of New York. You can access the transcript from the event here, and view the webcast here. You can also view presentation slides here.

I found the presentation instructive and in line with Safeguard's efforts to be a more transparent and easier to understand company. In particular, the opening comments by President & CEO Peter J. Boni are worth watching, as he describes how the company has transformed itself since its meltdown resulting from the bursting of the 2000 tech bubble. Also worthwhile is the presentation of Joe Zawadzki, CEO of MediaMath, a NewYork-based ad buying platform (similar to Google's Invite Media) that is one of Safeguard's fastest growing partner companies.

Safeguard also announced that it was increasing aggregate revenue guidance for its partner companies for 2012 from a range of $160 million to $165 million to a range of $185 million to $190 million. Exton-based partner company ThingWorx also said yesterday it has raised Series C funding led by Safeguard.

I may have a few more observations after sorting through all the details.



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DreamIt Ventures raises stakes; files to raise up to $50mm

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Bryn Mawr-based DreamIt Ventures has filed a Form D with the SEC to raise a fund of up to $50 million, FormDs.com reports.

The fund, DreamIt Fund II, L.P, reported its first date of sale as 9/28/2012 and said it had sold $1.45 million so far. The SEC filing was dated 10/5/2012.

DreamIt now runs programs in Philadelphia, New York, Austin, and Israel. I do not know how much capital DreamIt has raised in the past, but would guess this is a much larger fund than what it has raised previously.



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Daily Links 10/10/2012: UPenn Nursing-founded RightCare raises $1.75 million

Barclays Prepares First U.S. Card ABS Deal in Bid to Grow Funding (Dow Jones Newswires via Fox Business)

Barclays' US Card business is based in Wilmington.

Memo To Oracle, SAP: Listen To P&G's Language (Information Week)

HR Technology Conference: D’oh, the humanity! (SAP Watch)

DELL: Investors Underestimate Enterprise Prospects, Says UBS (Barron's: Tech Trader Daily)

RightCare Solutions Raises $1.75M Series A Financing Round (PR Newswire)
Built on research at UPenn's nursing school, RightCare was the winner of the 2012 Wharton Business Plan Competition.

A Quirk in Time Warner Cable’s New Modem Fee (New York Times: Bits)

Cisco, Humax & Technicolor Join Comcast's Crew (Light Reading Cable)

Sprint Said to Hold Off on MetroPCS Counterbid for Now (Bloomberg)

Business Rx: Advice on getting customers for suggestion box start-up (Washington Post)
On DreamIt Ventures Philly startup Betterific.

Philly: Lots of television and radio deals
Top-10 market is healthy but not tight (Media Life Magazine)

Federal Reserve’s ‘Beige Book’ shows economy growing (Philadelphia Inquirer)



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