About the Institute:
For close to three decades, the Wayne Brown Institute (WBI), a 501(c) (3) non-profit organization, has been a premier resource for both entrepreneurs seeking funding and for investors who want to help promising young companies achieve their potential. WBI has become the most efficient, cost effective, economic development organization in the country.
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Salt Lake City — Myriad Genetics, Inc. is set to present data showing the high prevalence and overlap between hereditary colon cancer and hereditary breast and ovarian cancer in patients previously diagnosed with endometrial and ovarian cancer. Myriad is presenting this data and another hereditary cancer study at the 2013 National Society of Genetic Counselors annual meeting in Anaheim, Calif.
Provo — Ancestry.com LLC has acquired Find A Grave, Inc., an online cemetery database. Find A Grave has more than 100 million memorials and 75 million photos.
Peak Ventures, a seed-stage investment company, today announced it was the lead investor on an $800,000 seed round to Provo-based Studio, a mobile social design platform that allows users to create and share designs. Also participating in the round were CrunchFund, SV Angel and Kickstart Seed Fund.
Once a springboard for promising young firms, experts say the stock market largely stopped working for start-ups and small companies more than a decade ago, leaving what one investor calls a “black hole” in the business growth process. Some believe looming changes to the nation’s financing and securities laws could help entrepreneurs fill that void, but they are concerned new regulations intended to protect investors may water down the effect of the changes for capital-starved businesses.
The U.S. venture capital industry is undergoing some dramatic changes. There are fewer venture capital firms, and those firms have fewer people. But the firms left standing are strong, well-capitalized and looking for good deals, according to Mark Heesen, president of the National Venture Capital Association.