How to grow high tech in New Hampshire --- that’s a question a lot of people are asking these days. Borealis Ventures, one of New Hampshire’s only venture firms, is teaming up with the state’s Business Finance Authority to get local capital in the hands of local innovators.
Every part of New Hampshire has been affected by the ups and downs of the economy, but not every region has felt the effects in the same way. That’s been especially true in New Hampshire's Upper Valley – when home prices were dropping and jobs were scarce, Upper Valley communities and employers managed to hold on… for a while, anyway.
Like the proverbial phoenix rising from the ashes, the new Center for Women’s Business Advancement seeks to build upon the foundation of its predecessor of supporting women entrepreneurs in New Hampshire and to go much further.
Virginia Klausmeier (left) makes her pitch for Garage Technology Ventures to invest in her clean diesel fuel company, Sylvatex, to Bill Reichert and Joyce Chung, two of the firm's general partners.
Credit Cindy Carpien / NPR
Credit Courtesy of Arthur Rock
Arthur Rock in the 1970s. In 1968, he helped Gordon Moore and Robert Noyce found Intel — the only company he invested in that he was certain would succeed, he says. Rock was later a founding investor in Apple Computer.
Think of the most technologically innovative companies of the past 50 years, such as Intel, Apple, Google, Facebook and Twitter. Each company has a Silicon Valley address — and each one got backing from venture capitalists. Over the past decade, more than 35 percent of the nation's venture capital has gone to Silicon Valley startups.
High-tech and venture capital go hand and hand in the valley where technology and venture capital grew up together.
William Shockley (at head of table) celebrates winning a share of the 1956 Nobel Prize. Gordon Moore (seated far left), Sheldon Roberts (next to Moore), Robert Noyce (middle standing), and Jay Last (far right) are half of the "Traitorous Eight."
Credit Courtesy of Intel
The list of more than 40 firms Arthur Rock asked to invest in the Traitorous 8. He was asking for $1.5 million and a share in the business for each of the founders. "None of the companies would do it," Rock says.
Credit Cindy Carpien / NPR
A plaque commemorating where Shockley set up in a lab in 1956. Shockley wanted to make better silicon-based transistors, but soon abandoned the pursuit. The building now houses an international produce market.
The first in a 3-part series airing this week on Morning Edition.
When Facebook goes public later this spring, its founder, Mark Zuckerberg, will be following in the footsteps of a long line of Silicon Valley tech entrepreneurs that includes Steve Jobs and Google's Larry Page and Sergey Brin. But there was a time when the idea of an engineer or scientist starting his or her own company was rare.