If You Don’t Want ‘Bragging Rights’ You Can Get Alpha Done

It turns out to be a good thing that Imagineer merged with Synap, because the unsuccessful Synap platform has since been shut down. The more successful Imagineer platforms, Clienteer and WebVision, have beaten their 2019 sales goals. The company is in the business of building and leveraging a full range of client relationship management software for the financial services industry and ended 2019 with 275 client firms.

Unicorn Bragging Rights

Value investing in venture means looking for the exits, rather than looking for “unicorn bragging rights.” A unicorn, by now-standard definition, is a privately held company with a value in excess of $1 billion. If a VC fund is looking for the bragging rights that come with these, it will be tempted to stay in until its start-up has grown to that level. But for obvious risk management reasons, as well as investor return multiples, sensible managers will often want an earlier exit.

The report identifies some companies that, as it says, are now on the VCapital “radar screen” although not yet in the portfolio. Two of these pursue alpha in the biomedical realm. One of them is Allergia, a company that uses light therapy for allergies. Another is Rejuvenate Bio, which plans to treat aging and age-related afflictions, including mitral valve disease.

Rejuvenate was launched in George Church’s laboratory at Harvard Medical School and the Wyss Institute for Biologically Inspired Engineering at Harvard University. Its gene therapies are initially aimed at pets but have the potential to extend human wellness and longevity.

On the radar screen are new purchases that might expand VCapital’s exposure to IT. For example, VCapital is looking at 3D Source, a company that provides 3D content development and software solutions useful for the marketing of retail products. 3D Source leverages the same technologies already used by Hollywood for special effects, in ways that are “significantly less expensive and faster” than anything now on the market.

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