Dallas, TX (PRWEB) February 28, 2006
Ten Million Ventures announced today that it is making available additional partner positions for which to grow its fund in order to provide additional capital to entrepreneurs in and around the Dallas, Texas area through its TMV I Fund. TMV has also begun selling advertisements, online, in a business repository exchange program so that it can also provide further funding those same companies as well. The capital raising goal for TMV I Fund is $10 Million Dollars of which all will be use to provide funding to startup business, in the Dallas and Austin, Texas areas that have a unique service idea for offering Managed Services, Business Communication Services, and Home user Wireless Internet Access on a broad scale.
TMV is looking for entrepreneurs who have ideas, big or small, who believe their idea has what it takes to carve out a niche for itself in a particular market or markets. Entrepreneurs should email their ideas to newplans at thetenmilliondollarsite dot com.
Ten Million Ventures is funding its TMV I Fund through two basic avenues the first avenue is partner opportunities. These opportunities area for those financial groups and individuals who also believe a large group of entrepreneurs who have ideas, revolving around the growing managed service community, are going unfunded in today’s Venture Capital Market. Persons interested in partnership positions with TMV should contact us at 1 (214) 276-7752 or by email at partner at thetenmilliondollarsite dot com. All partners, depending on their investment, will be guaranteed a seat on the board of at least one portfolio company. Partners also will be involved in the final decision process for investments and business plan reviews. The second avenue for funding is an online, business orientated, advertising system which allows individuals, businesses, or groups to buy advertising on a per block basis for upwards of ten years on a single site with rotating and dynamic content. Blocks of space are available as small as $100 and continue upward depending on their size, how often they are viewed and where they are located in the advertising pages.
So far Ten Million Ventures has already agreed to fund one small business in the Dallas area called One U Corporation. One U will provide colocation and managed services to small and medium businesses primarily in the Dallas, Texas area. They will also offer a 1.5mbps up and down dedicated wireless connection to home users for $19.95 a month in the Allen, Carrollton, North Dallas, Frisco, Plano, and Richardson areas. One U will be completely owned by TMV and will be its first portfolio company.
About Ten Million Ventures:
Ten Million Ventures is lead by Jeff Donaldson, Blair Burkhalter, and Thomas Zakrajsek. Jeff Donaldson has been involved in the Wireless Internet community since it’s infancy in the late 90’s while at Citizens Communications in Plano, Texas, Blair got involved with managed services and hosting in 2001 when he began working with the Open Source Community by attempting to build a comprehensive ecosystem for managed services offerings for small businesses on the Linux platform, and Thomas has been application developing on Unix, Linux and Windows systems for the past 7 years.