The endless stream of small businesses searching for venture capital provides mountains of work for venture capital firms seeking the rare gems worth investing in. But a pair of tech tools from Envista could help play matchmaker. "It's separating the wheat from the chaff. What fraction of business plans even warrant (investment firms') time to open the envelope?" asks Clarke Simmons, president of Arlington, VA-based Envista.
Envista's Private Equity Links Web site saves time for small businesses looking for capital by aggregating a list of small business investment companies (SBICs) and their Web sites. And the number of SBICs with Web sites is growing, as the industry does. The National Association of Small Business Investment Companies (NASBIC) says that 79 bank-owned SBICs invested $3.4 billion in private capital this year, and 10 new bank- owned SBICs were formed.