Recently, I’ve had quite a few conversations with East Coast venture capitalists who feel West Coast investors are getting too much credit for the East Coast’s early risk taking. The common wisdom is that West Coast VCs are the big risk takers, but in a handful of significant companies, East Coast firms like Spark, Union Square Ventures, or First Round Capital lead early rounds while bulge bracket Sand Hill Road firms paid up to pile in later– once the idea was proven. Those Sand Hill firms meanwhile are getting most of the credit.
It’s a messy argument to make, given the state of seed investing “party rounds,” where more than a dozen investors may pile in on a seed deal– some from the East Coast, some from the West Coast, some from Middle America. You have to look at who lead those early rounds, not simply whose name shows up on Crunchbase.
“The National Gateway, a multi-state public-private partnership seeking to create a state-of-the-art freight rail route between Mid-Atlantic ports and Midwestern markets, is poised to create significant environmental benefits including lower emissions and reduced fuel consumption.
“By clearing existing rail routes for double-stack freight trains, the National Gateway will convert over 14 billion highway miles to rail and enable shippers to better utilize the environmental advantages of rail transportation, reducing CO2 emissions by almost 20 million tons and fuel consumption by nearly 2 billion gallons.”
“CN (TSX: CNR)(NYSE: CNI) – North America’s largest mover of forest products – is on track to haul more than 800,000 tons of wood pellets (http://www.cn.ca/woodpellets) this year and sees more opportunities in the future for this “green” source of heating energy.
“Major power plants and residential consumers in North America, Europe and Asia are turning to wood pellets as an alternative to fuel oil, gas or electricity to heat homes. In addition, wood pellets are being used increasingly in industrial applications such as district heating plants, greenhouses, and cement and aluminum production facilities.“Wood pellets, made from waste wood such as wood shavings and sawdust, are carbon neutral and do not contribute to global warming because they emit the lowest greenhouses gases of any fuel burned. The U.S. Environmental Protection Agency has endorsed wood pellet heat as one of the cleanest burning, most renewable energy sources on the planet.“Global wood pellet production in 2008 was almost 11 million tons, and some analysts believe worldwide production could double by 2014. North American consumption is expected to exceed 3.3 million tons in 2010.”
“NEWARK, N.J., Sept. 22 /PRNewswire/ — PIERS(R) Global Intelligence Solutions, a UBM Global Trade company, and the leading source for data on U.S. waterborne imports and exports, announced a strategic alliance with Railinc, providers of IT solutions and information systems to the nation’s rail network.
Under the alliance, PIERS is providing Railinc with information on containerized cargoes shipped through U.S. ports. Railinc is matching the PIERS data with its records of intermodal freight and returning to PIERS the details of where and when the containers began and ended their inland rail journeys.”
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“ATLANTA, July 30 /PRNewswire-FirstCall/ — Aaron’s, Inc. of Atlanta, GA (NYSE: AAN), the Aaron’s Outdoors television program and Mossy Oak Brand Camo have teamed together to produce a unique marketing campaign that features specialty paint schemes on three NASCAR racecars and a national register-to-win sweepstakes. Aaron’s will replace its familiar Aaron’s Dream Machine paint schemes with Mossy Oak patterned camouflage and prominently feature the Aaron’s Outdoors logo on the hood and TV panel of the racecars. To help promote the special paint schemes, Aaron’s has also developed a national register-to-win sweepstakes that will award nine grand prize winners camouflaged replica race helmets, each autographed by the three drivers who will pilot the cars.
“The first of these special paint schemes will premiere on the Michael Waltrip Racing (MWR) No. 00 NASCAR Sprint Cup Series Aaron’s Dream Machine driven by David Reutimann at the Pep Boys Auto 500 at Atlanta Motor Speedway on September 6, 2009. The paint scheme will again be featured on the R3 Motorsports No. 23 NASCAR Nationwide Series racecar driven by Ken Butler III in the Dollar General 300 at Lowe’s Motor Speedway on October 16. The final paint scheme can be seen on the MWR NASCAR Nationwide Series No. 99 driven by Trevor Bayne in the O’Reilly Challenge at Texas Motor Speedway on November 7.
“In addition to featuring the special paint schemes on the racecars, the program will include a national register-to-win sweepstakes offering fans a chance to win one of nine replica race helmets featuring Mossy Oak Brand camouflage and autographed by each of the three drivers. Registration for the sweepstakes begins July 30 and ends on Nov. 4. An independent judging organization will choose three winners the week before each featured race.”
Now playing: Demi Lovato – One and the Same [From Princess Protection Program]
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“NORFOLK, Va., July 16 /PRNewswire-FirstCall/ — Norfolk Southern announced today that it will construct a new intermodal terminal in Rossville, Tenn., in Fayette County, to serve the Memphis region, as part of the railroad’s Crescent Corridor initiative to establish a high-speed intermodal rail route between the Mid-South and Gulf Coast and the Northeast. The $129 million facility, in which freight is transferred between truck and rail, will occupy a 570-acre site and is expected to open in January 2012.
“Norfolk Southern’s Crescent Corridor initiative is a multistate network of infrastructure improvements and other facilities intended to enhance Norfolk Southern’s 2,500-mile rail network that supports the supply chain from the Gulf Coast, Birmingham and Memphis to Philadelphia and the New York metropolitan area and enable it to handle more freight traffic faster and more reliably. The railroad is in the process of implementing Corridor projects, including straightening curves, adding passing tracks, improving signal systems, and building new terminals.”
“NORFOLK, Va. and OMAHA, Neb., July 13 /PRNewswire-FirstCall/ — Norfolk Southern Railway and Union Pacific Railroad today announced they have launched a new expedited intermodal service specifically designed for refrigerated trailer shippers between Los Angeles and Atlanta. This new service gives customers the option to have their refrigeration units serviced during the stop in El Paso, Texas, significantly reducing the risk of protective service failure during transit. New rail customers will find this premier service a seamless shift from over-the-road transportation by providing truck-like speed (more than 500 miles per day) and reliability.”
Post from NewsGator.com:
“HOFFMAN ESTATES, Ill., March 18 /PRNewswire/ — Sears today announced a new communications initiative that builds on its brand equities to appeal to today’s American family. At the heart of the effort is the belief that, even in today’s economy, people still have dreams for a better life. Sears’ commitment to its customers is that through its quality services, products and solutions – they help improve the lives of Americans. This idea is captured in Sears’ new tag line: ‘Sears. Life. Well spent.'”
“COLUMBUS, Ohio, March 17 /PRNewswire/ — New numbers from the U.S. Department of Commerce International Trade Administration show Ohio‘s export industry grew by nearly 7 percent in 2008 to $45.5 billion, making Ohio the seventh largest exporting state in the nation. According to the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment, Ohio is the only state in the nation to see an increase in exports every year since 1998.”