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Netpreneur News
Volume 7, Number 20, May 16, 2002

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This Week's Contents:

      1.1 Sizing and Validating Markets
      2.1 Norman's IIS Anti-Virus Software
      2.2 3e's SOHO/Enterprise Wireless Gateway
      2.3 Infotonic's Web Hosting News
      2.4 Round-up: Quick Hits
      ...... news from SolarMetric, eOriginal, Ztango,
      ........... HandySoft, and Bean Creative

      3.1 Dough Raise Me
      ...... $2.6M+ for 3 local netpreneurs

      3.2 Life In The Food Chain
      ...... PowerNet Acquires Aleron
      ...... eFinance Insider Acquires FinancialMarketingBiz

      3.3 SI International Files For IPO
      4.1 Apply For EVN i-DealFlow Forum
      4.2 Entrepreneurship Takes A Holiday
      ...... news about people at NEA and Milestone Equity Partners

|||||||||||||||||||| 1. News About The Program ||||||||||||||||||

Two new speakers are joining our panel for Coffee & DoughNets: Tim
Meyers of Updata Capital and Clara Conti, CEO of Object Video. Along
with Jonathan Silver of Core Capital Partners, Paul Finke of Yafo
Networks, and moderator Andrew Sherman, they'll explore "Sizing and
Validating Market Opportunities" a program to help you better
understand, explain, and reach your business potential. C&D will be
Thursday, May 30, 7:00 AM, at the Capital Hilton in Washington, DC.
Sign up now.

|||||||||||||||||||| 2. Regional Netpreneurs ||||||||||||||||||

(Fairfax, VA) Norman Data Defense Systems has developed Norman
Virus Control for Microsoft's Internet Information Server (IIS) to
protect against worms and viruses that have targeted IIS-based websites and servers. The product sits between the Internet and the IIS server
where a scanning engine and virus definition files monitor incoming
HTTP requests. Attacks are logged and the data is made accessible
via the Web. Attacks are registered on a messaging system, and the
software will block all traffic from offending IP addresses for a
specified period of time.

(Rockville, MD) 3e Technologies International released its 3e-520
Series Wireless Gateway, an 802.11 wireless LAN solution targeted at
small office/home office (SOHO) and enterprise environments. A
modular design makes it protocol-independent and allows users to
implement emerging wireless technologies as they become available
without replacing the entire gateway. It supports HomePNA, IrDA,
BlueTooth, 10/100 Ethernet for high-speed LAN & WAN connections,
print serving, and broadband connectivity, and provides firewall
security protection and VPN support.

(Washington, DC) Infotonic has created, a news site for
the Web hosting industry that is the online version of Web Hosting
Magazine, a print trade publication that Infotonic published until
recently. The free site offers daily news, analysis, and feature
stories for the Web hosting and related industries, including the
telecommunications sector and hardware and software vendors. The
editor is Doug Davala.


(Washington, DC) SolarMetric, a developer of products for Java
developers, expanded internationally by opening an office in Paris
to handle business in Europe, the Middle East, and Africa. Marc
Horchler, formerly of Nortel Networks and IBM in Europe, will manage
 the office.

(Baltimore, MD) eOriginal released Version 2.0 of its eCore Business
Suite. It offers a software platform for the creation, execution,
management, storage, and transfer of secure online documents for
fully electronic transactions.

(Reston, VA) Ztango announced a licensing agreement that allows it
to create and distribute ring tone versions of songs from BMG Music
Publishing, one of the world's largest music publishers.

(Vienna, VA) HandySoft and The Technical Resource Connection, a
wholly owned subsidiary of Perot Systems, announced plans to jointly
develop Business Process Management solutions for the insurance

(Alexandria, VA) Bean Creative created the Restaurant TrendMapper
site for the National Restaurant Association. The site provides
analysis of economic and demographic trends that impact the
restaurant industry.

|||||||||||||||||||| 3. Funding & Finance News ||||||||||||||||||


$600K for Reston-based vFirm Systems, a provider of networking
software. The company expects an additional commitment of
approximately $500K to be completed in Q3. The money came from a
partnership managed by Logen Capital of Bethesda. vFirm recently
launched Version 2.0 of its Business Platform, which offers
enterprise-level intranet functionality to small and medium sized

$2 million and a new headquarters in McLean for LogiXML, creator of
an XML-based modeling language called LogiXML. The money was raised in several rounds from unnamed sources. The LogiXML framework allows companies to design complex, data-centric Web applications more quickly than traditional development methods.

An undisclosed second round and a new name for Arlington-based
PracticeOne, formerly Physician Informatics, a provider of clinical
and administrative software solutions for medical practices.
PracticeOne is also the name of the company's flagship product.

-- PowerNet Acquires Aleron
(Herndon, VA) Fairfield, OH-based PowerNet Global Communications
announced that it has agreed to purchase "substantially all assets"
of Aleron, a tier-one backbone IP network and nationwide dialup
Internet access provider. The assets will be used to extend and
enhance PowerNet's high-speed Internet access and data and
integrated services offerings. PowerNet will operate the purchased
assets as a separate business unit called Aleron Broadband Services
from its current location in Herndon, VA without any reductions in
force. PowerNet also plans on expanding the Aleron backbone network
to additional Tier-2 and Tier-3 cities across the US, as well as
introducing new VoIP services.

-- eFinance Insider Acquires FinancialMarketingBiz
(Washington, DC) Princeton, NJ-based eFinance Insider, an email
newsletter covering the eFinance industry, has acquired the assets
and email newsletter of FinancialMarketingBiz, a subsidiary of
online publisher MarketingSherpa. eFinance Insider Editor and
Publisher Bill Martin was the founder of the online financial
community, which was acquired by Terra Lycos.
MarketingSherpa is a media company publishing case studies, and best
practices data on Internet and integrated marketing.

(McLean, VA) SI International filed its registration papers with the
SEC for an initial public offering, another in a string of
government IT contractors to do so recently. The company provides a
variety of services, including software development, systems
engineering, systems consulting, eSolutions, information security,
and learning solutions. The company plans to trade on the Nasdaq
under the symbol SIIT. Underwriters include First Union Securities,
Legg Mason Wood Walker Incorporated, Raymond James & Associates, and BB&T Capital Markets.

|||||||||||||||||||| 4. Opportunities & Resources ||||||||||||||||||

(Washington, DC) The Emerging Venture Network is accepting
applications for its i-DealFlow Forum Northeast 2002, to be held
September 5, in New York City. The Forum will introduce venture
capitalists to 15-20 emerging, minority-led entrepreneurs, each
seeking over $1 million in funding. A "minority-led" company is one
with a minority partner who has a key management position and a
significant equity stake. The Forum is for companies in high-growth
industries, primarily biotech, software development, security,
networking and equipment, telecom, financial services, media &
entertainment, and retailing distribution, although highly qualified
applicants in other industries will also be considered. Applications
must be submitted by COB Friday, June 7, and are available online at

(Washington, DC) Interest by would-be entrepreneurs in starting new
businesses declined last year, and the trend is expected to continue
for the near term until a strong rebound later in the year,
according to the "Global Entrepreneurship Monitor 2001" from Babson
College and the Kauffman Center for Entrepreneurial Leadership. The
report says that entrepreneurial activity in the US last year
dropped 30%, from 16.7% of adults in 2000 to 11.7%, as the economic
recession and lingering effects of the crash dampened
enthusiasm for launching risky ventures. It concludes that there
will be additional venture capital-backed companies closing their
doors in the months ahead and predicts "a severe shakeout of the
venture capital industry with some of the younger, unsuccessful
venture capital firms closing down." More promising, it reports that
informal angel investment in the US last year remained strong at
$129.2 billion. Among other highlights, GEM notes a larger
percentage of older entrepreneurs, a high ratio of women to men
involved in entrepreneurial activities, and a general belief that
there is sufficient equity and debt financing to launch and grow new
ventures, despite certain "capital gaps." Find out more from the
report at Kauffman Center's website.

|||||||||||||||||||| 5. Who'sware  ||||||||||||||||||

(Reston, VA) Venture capital firm New Enterprise Associates (NEA)
named Michael O'Dell as Technical Advisor. He will work with NEA's
information technology team in Reston and Menlo Park, CA, to
identify and evaluate opportunities in early stage IT companies.
O'Dell will also continue his work as President of Compass Rose
Labs, a firm that helps identify and address opportunities in
communications and computation.

(Falls Church, VA) Milestone Equity Partners Northern Virginia named
Marty Jackson as a partner and venture coach. He was formerly with
the Redleaf Group, a $220 million technology venture fund. Milestone
raised $11 million in September 2001 to fund the operations of 7-10
for-profit technology incubators in local markets across the
country. It currently operates facilities in Falls Church and
Blacksburg, VA, and in Phoenix, AZ.

Thanks for your interest in and support of the Morino Institute's
Netpreneur News is copyright 2002, Morino Institute, all rights reserved. The information contained here has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. It is provided "as is" and your use is at your own risk.

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