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.
Silichem, LLC Raises $250,000 in Angel Investment
June 14, 2011
Congratulations to TVC client Matt Channon, founder and CTO of Silichem, LLC, and his partner Sean Scott, COO, closed on $250,000 from California angels. Channon was a presenter at TVC's 18th Annual Equity Capital Symposium held May 18 and 19 in Albuquerque. “The investment will enable us to fund the completion of the process engineering design work for the pilot manufacturing facility and will place us in a much better position to raise our first institutional round of $1,500,000. We received good feedback from investors at TVC's symposium, and we're in the process of following up on several promising contacts," Channon said. Based in Albuquerque, the Silichem team has developed a new process to manufacture ultrapure silicon wafers. By using the unique Silichem process, a major manufacturer of silicon will be able to combine the work of three plants into one site, saving over $1 billion per year. Silichem's patent-pending technology will impact the $11 billion market for solar/electronics grade silicon. “We've made solid progress over the last year, including filing a patent, forming as a New Mexico LLC, and accomplishing a value-added capital raise with angel investors. With TVC's assistance, we formed as a company, refined our business plan, and gained access to advisors and investors," Channon said.
