Archive for October, 2010

Chrysalis Ventures Sees Innovation & Growth Opportunity in Indiana’s Tech Industry

Tuesday, October 26th, 2010


Wendy Jarchow to discuss the state’s start-up ecosystem at TechPoint’s 2010 Innovation Summit

Louisville, KY, October 26, 2010Wendy Jarchow, Director of Business Development – Upper Midwest at Chrysalis Ventures, will participate as a panelist at TechPoint’s 2010 Innovation Summit on October 27 at the Indiana Convention Center in Indianapolis.  Wendy will join three other panelists to discuss the current state of Indiana’s technology industry and whether sufficient capital is available to entrepreneurs to grow their businesses.

“The technology industry in Indiana certainly has evolved over the years,” said Jarchow.  “Venture capitalists are taking notice and seeing sophisticated entrepreneurs with promising innovations and very scalable businesses.  Chrysalis recently invested $1.1 million in Achieve, CCA, an Evansville company.”

Achieve, CCA, is a provider of debt management services to healthcare patients.  This service helps people who are struggling to pay their medical bills create a personalized budget that incorporates their credit card bills and other debt.  Achieve makes medical services more affordable to consumers and reduces bad debt costs to providers.

Jarchow will be joined by Steve Hourigan, Managing Director of the State of Indiana’s 21st Century Fund; Ray Leach, CEO of Jumpstart, Inc.; Kristian Andersen, President of Kristian Anderson + Associates.  The panel will be moderated by David Castor, an attorney with Alerding Castor Hewitt.

About Chrysalis Ventures
Chrysalis Ventures manages one of Mid-America’s largest funds for early-stage and growth investments with approximately $400 million under management. Since 1993, the firm has invested in over 65 companies, primarily in the healthcare and technology sectors. With headquarters in Louisville, Kentucky, Chrysalis has offices in Cleveland, Pittsburgh, Ann Arbor and Houston. The firm seeks to partner with entrepreneurs to build enduring businesses in industries undergoing significant transformation. For more information, please visit www.chrysalisventures.com.

Asterand named Healthcare Stock Pick by Analyst on CNBC

Friday, October 22nd, 2010

CNBC segment with analyst Vadim Alexandre discussing Asterand (Video link) 
(Oct. 22, 2010)

Chrysalis Ventures Principal Wright Steenrod to Present at Digital Hollywood Fall 2010

Monday, October 11th, 2010

Louisville, KY, October 11, 2010Wright Steenrod, Principal at Chrysalis Ventures will participate as a panelist at the Digital Hollywood’s Fall conference on October 20 from 3:50-4:30pm at the Loews Santa Monica Beach Hotel in Santa Monica, CA.  Steenrod, along with six other panelists will discuss, “Monetizing Broadband Video — How Do You Know It’s Working?”  

“Chrysalis sees potential in the broadband media industry with the firm’s investment in DigitalSmiths, a Raleigh-based, digital media company,” said Steenrod.  “Over the past decade, this sector has attracted a lot of investment dollars in search of scaleable, profitable business models.  I look forward to discussing the industry’s challenges and opportunities with the other conference panelists.”

Steenrod will be joined by Adam Cahan, CEO, Auditude; Richard Sussman, Director, Media & Entertainment, Nielsen Online; Brent Horowitz, Vice President, Business Development, FreeWheel; Marc Krigsman, CEO, Cross Media Works; Frank Sinton, Chief Executive Officer & co-founder, MeFeedia; and Jonathan Hurd, Director, Altman Vilandrie & Company as moderator.

About Chrysalis Ventures
Chrysalis Ventures manages one of Mid-America’s largest funds for early-stage and growth investments with approximately $400 million under management. Since 1993, the firm has invested in over 65 companies, primarily in the healthcare and technology sectors. With headquarters in Louisville, Kentucky, Chrysalis has offices in Cleveland, Pittsburgh, Ann Arbor and Houston. The firm seeks to partner with entrepreneurs to build enduring businesses in industries undergoing significant transformation. For more information, please visit www.chrysalisventures.com.