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Company Headquarters: Revenue/VC Funding: Inception: Employees:
<br /> Cymbet Corporation Elk River None/$4.5M 1999
<br /> a
<br /> 4.`4' Most recently, Weiss was chairman of
<br /> "What most impressed me was
<br /> MacTac Engineered Products, a subsidiary `,,,,
<br /> of Bemis, which included the joint inven- Mark Jenson himself. He's like $
<br /> o tion and development of the battery tester »
<br /> U that comes with some of today's leading a poster child for entrepreneurs.
<br /> •,°o consumer batteries. By the way, Weiss —Harlan Jacobs, founder,
<br /> w claims credit for the new name,a collection,
<br /> he says, of prefixes and suffixes that mean Genesis Business Centers
<br /> nothing, but nonetheless, didn't resemble F
<br /> any other company's name.
<br /> "Mark recognized that he didn't have the will be critical to attracting and retaining the Collaborative and NetSuds—which has
<br /> P
<br /> managerial experience to take this company employees and establishing a new culture been hit or miss. (NetSuds was helpful in
<br /> to where he and Harlan envision. That's that reflects the passion, vision, and entre- connecting the company to a Silicon Valley
<br /> where our experience comes in,"adds Weiss, preneurial spirit of the core executive team. chipmaker.) Instead, the company had to go
<br /> "we've been through this before." "We need to be very picky in this early nearly 7,000 miles to Finland and Israel to
<br /> o "What most impressed me was Mark stage,"says Shiffman,"we need team players obtain start-up financing.
<br /> , Jenson himself," Jacobs says. "He's like a who want to learn,take risks (not gambles), "We decided to invest in Cymbet because
<br /> poster child for entrepreneurs. He works and who have the confidence to work in a of its exciting technology and its strong
<br /> . hard. He's a delight to work with. And, start-up setting." management group," says Zwi Vromen, a
<br /> most importantly, he's open-minded and Jacobs also began the hunt for venture spokesperson for the Millennium Materials
<br /> willing to call on the resources he needs to capital. Unfortunately, the new company Fund. The focus of the Millennium
<br /> n' make his vision become a reality." met stiff resistance from local venture capital Materials Fund, based in Israel, is to invest
<br /> It's this experience that Shiffman believes firms. Jenson even tried networking through in projects which may later feed technology
<br /> 0
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