Success Stories
We consistently review and update our primary metrics (cumulative since ’93):
- New business formations: 117
- Funding events: more than $1.19 billion
- Job creation: more than 13,500
Since clients do not pay fees or compensation to TVC of any kind, these are TVC’s primary success metrics. Return on our invested time with clients is paramount. While we’d like to help as many entrepreneurs as we can, we are selective and look for those with commercialization potential—that means evaluating many of the same criteria that investors use (team, technology, pain, market size, customer traction, etc.). Since we work with early stage companies, we select clients based on their potential, and help entrepreneurs drive toward each milestone. When they line up with what investors have told us they’re seeking, we’ll make the introduction.
Hyperion Power Generation Closes B Round
June 21, 2011
Congratulations to TVC client, John Grizz Deal, president of Hyperion Power Generation (HPG). The company has closed on its Series B round of capital from existing and additional private investors. HPG was formed to commercialize a small modular nuclear reactor designed by Los Alamos National Laboratory scientists. The reactor fills a previously unmet need for a transportable power source that is safe, clean, sustainable, and cost-efficient. “The capital will be used to complete the final Hyperion Power Plant design and to begin licensing and sales. When mass-produced, each reactor will be capable of powering 20,000 homes,” Deal said. A seasoned, successful entrepreneur, Deal presented the HPG business case at the 2010 TVC Equity Capital Symposium and was a presenter at TVC’s first symposium in 1994, successfully raising $45 million for his startup company, LizardTech.
