UA Spin-Off to Test Cancer-Preventing Drug Combination

April 30, 2013 in Desert Angels, Funded Companies, Press by Desert Angels

Cancer Prevention Pharmaceuticals, Inc. has helped launch a phase-III clinical trial to test the efficacy of a combination drug that has shown promise of preventing colon cancer. CPP was founded in 2008 to apply decades’ worth of systematic, basic research led by University of Arizona professor emeritus Eugene Gerner and former UA researcher Frank Meyskens to improve clinical practice.

“Our long-term vision is to change the status quo from treating and managing cancer to intervening before cancer manifests and prevent it altogether,” said Jeffrey Jacob, founding CEO of Cancer Prevention Pharmaceuticals. “The idea is just like in the approach to heart disease: Instead of waiting for heart attack or stroke to happen, we give patients cholesterol-lowering or blood pressure-lowering medicine to prevent those events from happening in the first place.”

In addition to colorectal cancer, the same treatment approach has shown promise in preventing prostate, skin and possibly other cancers as well. Colorectal cancer affects about 1 million people in the U.S., Jacob said.

Read more: UA Spin-Off to Test Cancer-Preventing Drug Combination

Cancer Prevention Pharmaceuticals Starts Phase III Clinical Trial

April 21, 2013 in Desert Angels, Funded Companies, News Releases by Desert Angels

Tucson-based Cancer Prevention Pharmaceuticals Inc. announced the launch of a three-year, Phase III colon-cancer-prevention trial in collaboration with the National Cancer Institute and SWOG (formerly the Southwest Oncology Group), an NCI-supported clinical-trials group.

Read more: Tucson company launching late-stage clinical trial for its cancer-prevention drug

Kickstarter Funders Aren’t Angel Investors (Reuters Article)

April 19, 2013 in business, Business Development, Crowd Funding, Desert Angels, Entrepreneurship by Dr. Patrick Marcus

A correspondent writes, via email:

Since much of the seed capital of Matter was Kickstarter funded, isn’t it worth asking why the backers aren’t coming along, so to speak?

I know the absolute answer, but the usual issues of founder sweat equity versus angel capital apply, it seems to me. It’s likely that the angel funding via Kickstarter is pretty substantial on a term sheet basis relative to other early stage investing. At the very least, it’s an interesting topic vis a vis what Kickstarter is and isn’t: the Verge just did a piece about how it’s not a store. Fine. But what exactly is it then? It would be one thing if it was used to put the screws to Sand Hill Road, but the people left holding the bag aren’t really Fred Wilson.

Searching for Startup Success: The Desert Angels’ Curtis Gunn

April 12, 2013 in Desert Angels, investing by Jorge Gonzalez-Garcia

Startup Story Photo Curtis GunnTucson, Ariz. — Startup Tucson News — Sitting in a comfortable neighborhood cafe on a balmy afternoon, Curtis Gunn has the relaxed, casual Friday look of his fellow customers. But the casual look is deceptive, because deep down the Desert Angels chairman is all business. In addition to answering interview questions, he is discreetly tracking his emails and checking the time before leaving for his next appointment. All the wheels are turning, and it’s not because of the overpriced coffee.

The all business demeanor is fitting for the 41-year-old Gunn, a former professional cyclist, brewmeister and cigar emporium owner, now finishing up his third year as chairman of the local investor group. His focus this day — and every day — is searching for startup success stories. His Desert Angels brief is simple: Bring his member investors the best startup investment opportunities around. Easier said than done.

HTG Molecular Diagnostics a Finalist for Medical Design Excellence Award

April 7, 2013 in Desert Angels, Funded Companies, Press by Desert Angels

TJ Johnson, CEO of HTG Molecular Diagnostics states, “We are extremely proud to have the Edge design recognized as an Medical Design Excellence Award finalist. We heard loud and clear from our customers that the market needs a simple and cost effective way to perform RNA testing with fast turnaround. The Edge was designed to fulfill this unmet market need.” HTG Molecular’s Edge System is the only automated gene expression platform that delivers affordable, multiplexed results on formalin-fixed, paraffin embedded tissue samples in 24 hours.

Read more: marketwire.com

Innovation in the Freight Brokerage Industry

April 7, 2013 in Desert Angels, Funded Companies, Press by Desert Angels

Desert Angels portfolio company, Post.Bid.Ship., is highlighted as one only two innovative companies trying to disrupt the freight brokerage industry.

Read More: Innovation and Technology come to the Freight Brokerage Industry

Inc. Magazine: New Jolt of Life for the Artificial Heart

March 31, 2013 in Desert Angels, Funded Companies, Press by Desert Angels

Inc Magazine provides the history and an overview of Syncardia.

Read more: New Jolt of Life for the Artificial Heart

Syncardia Raises $19 Million

March 21, 2013 in Desert Angels, Funded Companies, News Releases by Desert Angels

Tucson-based artificial heart maker SynCardia Systems Inc., a Desert Angels portfolio company, has raised $19 million in new, long-term growth capital from investors including a major health-care investment fund. The investment round includes a $15 million, structured financing arrangement with New York-based Athyrium Opportunities Fund, as well as a $4 million follow-on equity investment from existing shareholders.

Read more: Tucson-based SynCardia lands $19M investment

Everything I Know About Pitching VCs I Learned From Monty Python (Part One)

February 12, 2013 in Desert Angels, Entrepreneurship, skills, Venture Capital by Curtis Gunn

A great primer to pitching to Angels or VC investors.

Very sage advice.

Most VCs number the annual business plans they see in a year in the thousands, but the implication is the same: There has to be more to distinguish your fundraising pitch than ten or 15 slides in 30-point font.

That’s where Monty Python comes in. John Cleese, Eric Idle and their associates were a VC’s dream, launching a comedy program on television that was so innovative and so influential that it changed the future of their business. And then, after four years, they decided they’d run out of really good ideas and got tired of TV and left for their next big adventure: movies. They had extraordinary, focused success with game-changing ideas and a clean exit at the top of their game.    

The Investing Edge of Enterprise IT.

Syncardia reaches #69 on Forbes “America’s Most Promising Companies” list

February 7, 2013 in Desert Angels by Desert Angels

Syncardia moves up eight slots to become #69 on Forbes 2012 “America’s Most Promising Companies” list, after being ranked #77 in 2011.

Read more: Syncardia – Forbes Profile