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Blog Home > At Updata's Limited Partners Meeting
September 25, 2007At Updata's Limited Partners Meeting
I'm at the Updata Partners Limited Partners Annual meeting in Reston, VA today to be on a panel on interactive marketing at 3:30pm with the CEOs of Foresee Results and ContextWeb Larry Freed and Anand Subramanian. This is the first annual LP meeting that I've attended. The LPs are the investors in the funds, versus the General Partners, who work for the firm and make the investments. The Updata investment in iContact in June went into the Updata Fund 3. Updata is now about to close a $225 million Fund 4. I've heard updates so far on Management Dynamics, ContextWeb, OrderMotion, Acclaris, Appfluent, CoreStreet, Everest Software, Interactions, NetKey, and Object Video. Right now I'm listening to a presentation on Numara Software from their CEO David Weiss. They do IT management solutions and helpdesk management software for the SMB market and have over 50,000 customers. It's been interesting to meet the people from IBM, Morgan Stanley, and Goldman Sachs who have invested in the Updata funds. Posted by ryanallis at September 25, 2007 02:45 PMComments:
About this Blog: Follow the journey of entrepreneur Ryan Allis as he builds his company iContact into the worldwide leader in on-demand software for online communications, publishes his book Zero to One Million, travels the country as a speaker on entrepreneurship, explores the worlds of public policy, technology, marketing, management, leadership, venture capital, and organizational behavior, and lives a passionate life as a North Carolina entrepreneur and CEO.
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