Menlo Park, CA (PRWEB) March 08, 2012
Canaan Partners, a multi-billion dollar, global venture capital firm, announced today that General Partner John Balen will serve as a judge on the fourth-annual SXSW Accelerator, a highly-competitive startup competition that will take place March 12-14 at the 2012 SXSW Festival in Austin, Texas.
- Canaan Partners will sponsor the SXSW StartupVillage, which takes place March 9-14, 2012. StartupVillage brings together the startups, entrepreneurs, investors, and cutting-edge digital tastemakers within the 2012 SXSW Interactive Festival.
- Part of the SXSW StartupVillage, SXSW Accelerator is a high-stakes competition where early-stage technology companies demo their innovative new products in front of a panel of influential industry judges and a live audience. During the competition, 48 finalists will present on stage, with 18 semi-finalists being chosen to deliver a more in-depth product demo. At the end of the competition, overall winners will be announced in social media, mobile applications, web entertainment, healthcare technology, and other categories.
- John Balen, general partner at Canaan Partners, was chosen to judge the 2012 SXSW Accelerator competition based on his broad industry knowledge in the mobile, enterprise, and digital media sectors. Since joining Canaan team in 1995, John has worked with some of the smartest people in the technology industry to build high-performance companies. His current portfolio includes transaction marketing innovator Cardlytics; B2B travel company Switchfly; fraud prevention leader ID Analytics; digital book publisher Blurb; and SOASTA, the leader in cloud testing.
- Canaan Partners – long committed to working with early-stage entrepreneurs to catalyze growth of disruptive technologies – will have an active presence at the 2012 SXSW Festival. The firm will present each SXSW Accelerator winner with an updated version of the Canaan Entrepreneur Pitch Book, a valuable resource used by thousands of entrepreneurs since it was first covered in the Wall Street Journal three years ago.
About Canaan Partners
Canaan Partners invests in entrepreneurs and works alongside them to turn visionary ideas into valuable companies. Since 1987, the firm has catalyzed the growth of disruptive technology startups and healthcare companies revolutionizing the practice of medicine. With $3.5 billion under management and more than 85 acquisitions and 53 IPOs to date, Canaan has funded companies such as SuccessFactors (NASDAQ: SFSF), DoubleClick (acquired by Google), Match.com (acquired by IAC), Acme Packet (NASDAQ: APKT), Active Network (NYSE: ACTV) and SandForce (acquired by LSI). Current technology investments include Tremor Video, KABAM, Lending Club, Blip, Zoosk and Blurb in the US; BharatMatrimony, LoyaltyRewardz, Naaptol and UnitedLex in India; and PrimeSense, LiveU and N-trig in Israel. Canaan maintains a presence in the global innovation hubs of New York, SiliconValley, India and Israel. For more information visit http://www.canaan.com or http://www.facebook.com/canaanpartners.