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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?
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Local Beneficiaries of 'Angel' Funding
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| Crossmedia Corp., Reston
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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
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| 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.
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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
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| EyeCast, Sterling
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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
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| 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
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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
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| Spring Technologies Inc., Falls Church
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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
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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
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© Copyright 1998 The Washington Post Company
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