FOR IMMEDIATE RELEASE
|Geoff Meyerson, email@example.com||Nick DeLong, firstname.lastname@example.org|
|Office: 610-909-6105||Web: evolvedcapital.com|
Evolved Capital Beta Launch Targets Venture Capital Ecosystem
Philadelphia, PA, June 22, 2010 —Evolved Capital, an angel-backed company developing a web-based tool to streamline venture investment deal analytics and dealflow processes, announced today the launch of its public beta release. The software enables rigorous analysis of financial returns and exit scenarios for deal negotiations and portfolio planning, simplifies the management of cap tables and term sheets with benchmark analytics, and provides tools for managing and tracking the dealflow and due diligence process.
Geoff Meyerson, CEO and Founder, commented, “This is the realization of three years of hard work to develop software desperately needed by the venture ecosystem. I am extremely excited to make the product accessible to a wider audience in anticipation of full launch later this year. We greatly appreciate the input from current beta testers and look forward to working with new users.”
Evolved Capital was started in 2007 by Meyerson, who was recently recognized as one of 2010’s “40 Under 40” by the Philadelphia Business Journal. His experience working in banking, VC and at a venture-backed company led him to create a solution to streamline the mundane, time-consuming and yet highly important tasks regularly performed by venture associates, CFOs, junior bankers, and law firms.
CTO and Co-Founder, Nick DeLong, added “We have encapsulated our complex financial models and process management system into a simple and intuitive user interface. We believe this will markedly improve efficiency in the deal process and add significant value for our customers.”
Venture capital and angel investors, companies seeking venture investment, law firms, and investment banks will all have free access during beta testing and will receive a significant discount at launch for providing development input. Evolved Capital will also offer consulting services based on the same analytical platform to any VC firm or company that wants to externalize their financial analytics process. Signup for an account can be found at https://www.evolvedcapital.com/registration.html.
About Evolved Capital
Evolved Capital creates efficiencies in the capital allocation and deal transaction processes for the venture capital ecosystem. Their software platform is based on a proprietary and financially rigorous model that can analyze the economic value of a term sheet from the perspective of all parties. Additional functionality supporting and streamlining the transaction process, combined with an intuitive and easy-to-use interface, saves considerable time and improves returns for customers.