Food Tech Connect

The food industry needs to step up their game when it comes to innovative new products. Many large food companies today rely heavily on marketing rather than research and development of new products to attract customers. However, this is becoming less effective as the average consumer is rapidly changing. Health Warrior, one of NRV's portfolio companies, is recognized as an innovative food company for its development of unique products, such as Chia Bars, which are one of the most nutrient-dense foods on the planet.

Business Wire

Envera Health makes advancement in mission to provide consumer-driven healthcare through collaboration with the life insurance industry. The collaboration will further expand Health Information Exchanges (HIEs) in the US while also making it easier for consumers to buy life insurance. This does not only benefit healthcare for consumers, but also their financial well-being.

McKinsey&Company
NRV believes taking a hands-on approach to mentoring is essential to positioning early stage companies for success - our Portfolio Adviser program was created to offer start-ups real world industry expertise to help take them to the next level. In this article, longtime private equity CEO Don Gogel discusses how operating partners give firms a competitive advantage "because they love getting their hands around a business and coaching senior people," creating operational improvements in portfolio companies.

ChamberRVA
Nutritional science company Nutriati won this year's Chamber RVA Innovation Award, recognizing emerging companies between 2 and 5 years old that are demonstrating amazing growth, innovation and potential. Other finalists for this award include NRV's Maxx Potential, as well as local companies Iggbo and Tenant Turner.

DC Inno
The growing gig economy is making freelancers and small businesses more flexible and prevalent than ever. Taking those connections to the next step is why Jeff Tennery co-founded Moonlighting - a gig economy-based marketplace app - and explains in this podcast why demand is only getting bigger. 

Green Car Reports
"Evatran has previously said its Plugless wireless charging system will soon be compatible with 80 percent of the electric cars on North American roads by the end of 2017," suggesting that wireless charging is the perfect complement to automated parking. Evatran's system, as part of an agreement with 500 Walnut's luxury Philadelphia apartments, will complete the first residence where drivers can park and charge electric cars without any human intervention.

Scott Ukrop
"Led by Director of Investments, Laura Markley, and Director of Platform, Liz Doerr, NRV recently hosted "The Women in Private Investing" luncheon at The Steward School Bryan Innovation Lab in Richmond. The event celebrated women in private investing as well as the how’s and why’s angel, venture and private equity in the Commonwealth can be a smart, viable vehicle for wealth management and growth. "

Sena Hill
"In black and white, the term sheet stated: “Series A investor shall have right to appoint two Directors to the Board.” My initial knee-jerk reaction was not very accepting. What Board of Directors (BOD)? Who and why do we need outsiders dictating how we run our company? Ultimately, my partner and I held our noses and signed the deal. Fortunately, our BOD proved itself a valuable asset not only to our business, but also to us individually as entrepreneurs and executives." Kyle Zasky of Sena Hill discusses the mix of talents, skills, and experience that go into building a high-performance board.

Forbes
Serial entrepreneur and Silicon Valley resident Jenny Lefcourt discusses verbiage in the start-up world and voices her concerns that, in this funding environment, entrepreneurs who are not familiar with "VC speak" may struggle to find capital without engaged, motivated investors by their side. Lefcourt offers resources and tips that help entrepreneurs give VCs the information they are after.

Style Weekly
"Entrepreneurism seems to to be a favorite Richmond sport, with 10 more Richmond names on this year's Inc. 5000 list, ranking the fastest-growing companies." NRV Founder and Managing Director Jim Ukrop was recognized as an investor and businessman with an enormous impact on Richmond culture. Evatran's Co-Founder and CEO Rebecca Hough also received recognition for embodying the young, entrepreneurial energy that defines Richmond's personality. 

USCIS
"U.S. Citizenship and Immigration Services is proposing a new rule, which would allow certain international entrepreneurs to be considered for temporary permission to be in the US so that they may start or scale their businesses here. This proposed rule, when finalized, will help our economy grow by expanding immigration options for foreign entrepreneurs who meet certain criteria for creating jobs, attracting investment and generating revenue in the U.S."

 

Wall Street Journal
"Fintech (Financial Technology) firms hold the promise of disrupting traditional lending by, among other things, slashing costs and using big data to assess risks. Now regulators are figuring out how to create rules for this new sector without squashing innovation. Comptroller of the Currency Thomas J. Curry believes the solution lies with 'responsible innovation.'"