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Venture capital firm looks to raise, invest $7.5M

A venture capital firm with an office on Cary Street is looking to put more money into start-ups. According to Tech Journal South, Harbert Venture Partners is raising $7.5 million to invest in the Southeast region. And although the company had no comment, it stands to reason that at least some of that money will… Read more »

Web 2.0 has some Richmond businesses in a Twitter

For all the talk about Web 2.0 “revolutionizing” business, professionals say the rules of blogging and Twitter are almost identical to those that apply to old-fashioned, face-to-face networking. In the first of a three-part series on how Richmond businesses use social networking, RBS takes a look at Twitter to find out what sort of businesses are using it and to what end.

NewsFeeds 6.17.09

Report: Hampton Roads weathered economic storm well (Virginian-Pilot) Brookings Institution of Washington also reported that the Virginia Beach-Norfolk-Newport News region was one of 10 metro areas in its study that showed signs of an economic recovery. The study measured the nation’s 100 largest metro areas by changes in employment, wages, home prices and other benchmarks,… Read more »

Insmed CEO exits

Geoffrey Allan, the CEO at Insmed, has stepped down for health reasons, according to a company press release.

Office Sense: The elements at Luck Stone’s HQ

If every building had a soundtrack, the 60,000-square-foot addition to Luck Stone’s headquarters in Goochland would be blasting the ’70s band Earth, Wind and Fire.

That’s because the expanded digs, designed by SMBW Architects, has levels that are – no joke – named Sky, Earth and Core. Charles Luck IV, takes BizSense on a tour of the new and improved headquarters.

NewsFeeds 6.16.09

LandAmerica seeks probe of banks (Times-Dispatch) Attorneys for the bankrupt Henrico County-based company have asked to hire a New York law firm to investigate and pursue claims that the company was misled when investing in auction-rate securities. A hearing on the request is scheduled Thursday in U.S. Bankruptcy Court in Richmond. LandAmerica says the securities… Read more »

Big winner had the smallest budget

State Sen. Creigh Deeds did not have to outspend his rivals to become the Democratic candidate to be Virginia’s next governor.

Monday Q&A: Benedictine regroups

The incoming 80 freshman boys will be one of the largest classes in decades.
But in February, the school needed to borrow funds to make payroll. Then it borrowed $900,000 from a Catholic school organization. This week RBS chats with the new headmaster and his financial counsel.