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  • Part One: A Day in Washington's New Economy
  • Part Two: How the Region Embraced Innovation
  • Part Three: Angels Reinvest in Area's Future
  •  From The Post
  • Monday's Wash. Biz: Local tech stocks go boom.
  • Study: the area's IT industry rivals the size of its federal work force.
  • Tech influx has forced a changing of the guard in Washington business.
  • Is Washington the only tech center without a silicon-related nickname?
  •   Local Beneficiaries of 'Angel' Funding

    Companies
    Crossmedia Corp., Reston
    Business: Turning e-mail into audible messages
    Chief executive: Bob Nelson
    First Big Break: In 1996, $50,000 from William Dunbar, Pebble Hill Capital
    Now: Earlier this year received $2.5 million from Kwok Li, chief technology officer of Lucent Carrier Networks; launched first product; employees have grown from five to 16
    Cyveillance Inc., Alexandria
    Business: Software that finds illegal uses of a company's information on the Internet
    Chief executive: Brandy Thomas
    First Big Break: In 1998, $300,000 from Capital Investors (18-person investing group)
    Now: Went from seven to 30 employees since the funding; tripled revenues to $1 million in 1998; and doubled customers, which include the Recording Industry Association of America and Time Inc.
    Digital Addiction, Laurel
    Business: Online games
    Chief executive: Jamey Harvey
    First Big Break: In 1997, $100,000 from Digex founder Doug Humphrey
    Now: Has 13 employees, 1998 revenue was $250,000; projecting $3 million in revenue in 1999, 30,000 accounts set up
    EyeCast, Sterling
    Business: Remote monitoring over the Internet
    Chief executive: Shaun S. Amini
    First Big Break: In 1998, $300,000 from former UUNet vice president Jeff Osborn
    Now: Negotiating contracts with government and national retail customers, 20 employees
    Net.Capitol Inc., Washington
    Business: Internet products and services for political and public affairs organizations
    Chief executive: Oron Strauss
    First Big Break: In 1996, $50,000 from Softbank Ventures co-chairman Brad Feld, Bill Ritchie, president of Binary Arts Corp., and John Street, president of USA.Net
    Now: Has more than 100 customers, is profitable and doubled in size over the past six months
    Newsletters.com, College Park
    Business: Online clearinghouse for investing newsletters
    Chief executive: Ari Jacoby
    First Big Break: In 1998, $75,000 from former UUNet vice president Jeff Osborn and Digex founder Doug Humphrey
    Now: Has 65 newsletters on site, global partners, sales are up 400 percent from last year
    Spring Technologies Inc., Falls Church
    Business: ID systems that use scans of the human eye
    Chief executive: Stewart Mann
    First Big Break: In 1997, $100,000 from two people who don't want to be named
    Now: Test-launching two new products; has four employees, though no revenue yet
    Womenconnect.com, McLean
    Business: Web site for female professionals and business owners
    Chief executive: Susan Williams DeFife
    First Big Break: In 1997, $130,000 from former Legent chief executive John Burton, Don Heitzmann, a Boston investor, and David Segre, a partner with high-tech law firm Wilson Sonsini Goodrich & Rosati
    Now: One million page views per month, a 6,000 percent growth in traffic since first funding; 1998 revenue at $600,000

    © Copyright 1998 The Washington Post Company

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