2004 National Conference
October 24-26, 2004 | The Charles Hotel | Cambridge, MA
Investors' Circle 2004 National Conference
Venture Capital for a Sustainable Future
October 24-26, 2004
The Charles Hotel
Cambridge, MA
The
Investors’ Circle National Conference and Venture Fair is the meeting
place for angel investors, professional venture capitalists,
philanthropic investors and entrepreneurs who are using private capital
to promote the transition to a sustainable future.
"After attending this conference, I felt something I haven't felt in a long time...hope."
Karina Lutz, Northeast Sustainable Energy Association
The conference program was held over three days and included:
Sunday Evening gathering for Investors' Circle Members
Monday 2004 National Venture Fair
This year our venture fair showcased 24 early-stage companies and 6 venture
funds.
Premier seating was provided in Harvard's Sanders Theater for the live audience taping of the popular national radio show, on Monday evening. The show e-town featured musical guests Cowboy Junkies with Madeleine Peyroux.
Tuesday Speakers and workshops on the state of double bottom line investing
and enterprise creation in these two focus sectors. A special plenary session was led by Dennis Meadows, one of the co-authors of The Limits to Growth: The 30 Year Update. The publication of the original Limits to Growth, in 1972, shaped the global environmental debate of the following decades. Dennis was joined by leading CEOs to examine the opportunities for entrepreneurial innovation to
reduce the ecological footprint of business while building successful companies.
_________________________________________
Presenting Companies
Our 2004 National Venture Fair showcased 24 companies and 6 venture funds that were, with a few exceptions, looking for equity investors.
The
presenting companies and funds were selected by a committee of
Investors' Circle members out of a pool of over 225 pre-qualified
applicants.

Cambridge,
MA - Agrivida is developing improved agricultural crops that are used
to produce environmentally-friendly fuels and chemicals. The company's
first product is an optimized variety of corn for use in ethanol
production. This corn will increase yields of ethanol per acre of farm
land by 50% and cut production costs for ethanol producers by 20%,
making ethanol competitive with gasoline without government subsidies. 
Herndon,
VA - Better Botanicals (BB) markets herbal skin, hair, bath & body
care products based on Ayurveda, the worlds’ oldest and most widely
practiced school of herbal medicine. BB offers a natural alternative to
traditional mass market skin care products, as well as a more
functional, effective alternative to established natural lines. Many
BB products are manufactured under an Ayurvedic (medicinal) license
without synthetic colors, fragrances, mineral oils, animal ingredients
or alcohol. 
Englewood, NJ - BioRegen
System’s mission is to design, build, and operate the leading
commercial utility systems to treat municipal sewage sludge and
residential septage, and to convert their organic elements to
high-value products using natural biological processes. Municipal discharge is the second leading source of pollution to US waterways. A model BioRegen plant treats 15,000 gallons/day, which services 60,000 people.
BIOVIRx
Shoreview, MN - BIOVIRx has
licensed the exclusive worldwide rights to an effective, oral vaccine
to prevent rotavirus-related diarrheal diseases in children. Globally,
rotaviral infections accounts for an estimated 135 million cases of
diarrhea each year, resulting in the deaths of approximately 600,000
infants annually from a disease that is highly preventable with an oral
vaccine. BIOVIRx intends to market the RotaShield® vaccine for use worldwide.
Blue Sky Optimum Energy
Buffalo, NY - Blue
Sky Energy Inc. offers a processing system that can produce wholesale
Biodiesel at $1.10/gallon, comparable to current wholesale Diesel fuel
prices of $1.10-1.30/gallon, cheaper than other Biodiesel producers who
sell at $1.75-2.50/gallon, and can provide shorter turn around times.
The lifecycle production of Biodiesel produces approximately 80% less
carbon dioxides and almost a 100% less sulfur dioxide compared to
diesel. In addition there is a 90% reduction in total unburned
hydrocarbons and 70-90% less particulates. 
Clackamas, OR - Pet Appeal, Inc. (dba Castor & Pollux Pet Worksä)
is a creator and marketer of premium branded products that successfully
compete in the fast growing $31 billion US pet industry. The Castor
& Pollux brand is one of the leading cross category pet brands
offering a range of USDA certified organic and natural dog and cat
foods, organic treats, toys and snacks. 
Andover, MA - The
mission of Essex Environmental Resource Group Ltd. is to innovate,
develop, manufacture and market proprietary renewable energy and energy
conserving multi-functional building technologies with distinct
comparative advantages. The Company’s
proprietary technology dramatically reduces the cost of photovoltaic
electricity, bringing its cost immediately below goals ten years away
and making it competitive now with alternative sources of electricity. 
San Francisco & New York City - Expansion
Capital Partners is a venture capital firm that invests in
expansion-stage, Clean Technology enterprises, which present compelling
risk-return profiles. Expansion Capital targets companies that offer
dramatic improvements in resource efficiency and productivity, while
creating more economic value with less energy and materials, or less
waste and toxicity. Expansion Capital Partners investment sectors
include energy, advanced materials, water and wastewater,
manufacturing, and transportation.
The Farmers Diner
Barre, VT
- The Farmers Diner is building a multi-regional chain of diner
restaurants that serve typical diner food, 80% of which is raised by
local, family scale farmers living within 50-70 mile radius of each
diner – “food from here”. The company currently
operates a 60 seat restaurant and a small processing/distribution
facility selling branded meat products in VT and NH.
Greenmont Capital Partners
Denver, CO - Greenmont
Capital Partners I, LP is a $22M early/growth stage private equity fund
founded by natural product industry veterans that partners with
entrepreneurs to build successful companies in the Healthy Living and
Wellness market. Greenmont’s mission is to
connect entrepreneurs’ vision and passion with the Fund’s network of
industry veterans who have a deep understanding of the target consumer
and expertise in financing growth of small companies.

San Francisco, CA - The Independent Press Development Fund makes loans to periodicals whose categories cut across Investors’ Circle’s areas of interest. Borrowers include City Limits, E/The Environmental Magazine, Mother Jones, and Middle East Report. IPDF
will continue to support direct mail efforts, while now also assisting
local newspapers in obtaining circulation audits; providing bridge and
emergency loans; and underwriting efforts to develop ancillary forms of
income. 
Brookline, MA
- The Massachusetts Green Energy Fund I, L.P. (the “Fund”, or “MGEF”)
is a venture capital fund investing in private, Massachusetts-based
renewable and clean energy companies with significant potential for
financial return, strong growth, and positive local economic impact. The Fund’s primary objective is to seek above-average risk-adjusted venture capital returns. Its
investments will generate long-term social and environmental benefits
by increasing the production and use of renewable energy, catalyzing
additional investment in clean energy companies, and growing the US clean energy industry.
Nutiva
Sebastopol, CA - Nutiva® is America’s
leading hemp food company, marketing primarily organic hemp protein
powder, hemp oil, hempseeds, and hemp food bars. The Nutiva®
brand is built on great taste, superior nutrition, and a corporate
commitment to social responsibility. Hempseed is the world’s most
nutritious seed—rich in Omega-3, protein, and vitamin E. Nutiva® is the only hemp protein to display the USDA organic symbol. Nutiva also donates 1% of its sales to groups that promote sustainable agriculture.
Ocularis Pharma
Evanston, IL - Ocularis
Pharma, Inc. is pharmaceutical company that specializes in the
development of ophthalmic drugs that improve vision quality and
performance, focusing initially on a condition affecting night vision. Today, one in four people have difficulty seeing at night. Most of these individuals have never experienced quality night vision. Ocularis
has identified its first-drug, Nyxol™, which can manage pupil size
safely and is testing it now in a Phase II clinical study.

Seattle, WA - Founded
in 1998, Pura Vida Coffee is a unique, rapidly growing,
charitably-owned specialty coffee company that sells 100% certified
Fair Trade, organic coffee to individual and institutional consumers in
the U.S. in order to provide direct help to at-risk children and
families living in coffee-growing countries. Pura Vida has developed a
strong management team and a loyal customer base to become one of the
largest independent suppliers of Triple SealTM coffee (100% certified
Fair Trade, organic, shade-grown) in the country. Owned
and operated by a non-profit public charity, Pura Vida exists to
generate consumer awareness and sustainable funding to promote economic
development, social justice and environmental stewardship.
Redwood Power Company
Cambridge, MA - Redwood
Power Company, Inc. is an energy services business which enables
commercial property owners in the New England and Middle Atlantic States toto
increase the net operating income of their buildings, mitigate the risk
of increasing energy prices and offer back-up power services to their
tenants with no up-front capital expenditures or on-going managerial
responsibilities. Redwood develops, builds, operates and maintains
combined-heat-and-power (CHP) systems and, because of the superior
efficiencies of CHP, Redwood can deliver electric power at a cost lower
than the utility.
Sambazon
San Clemente, CA - Sambazon, derived from Saving and Managing the Brazilian Amazon, exports rainforest fruits from Brazil for sale internationally. Sambazon’s
primary product is a mixture of açaí, (ah-sigh-ee), a palmberry that
contains 33 times the antioxidants of red wine and only grows in the
Brazilian Amazon, and the extract of guaraná, a fruit that contains
natural stimulants. This combination creates a revolutionary functional food that provides unmatched nutrition and a natural sustained energy boost. Sambazon’s
economic success opens new markets for açaí, which drives the local
economy and provides the Amazonian people with a financial reason to
harvest renewable resources instead of relying primarily on timber
sales.
Seahorse Power Company
Jamaica Plain, MA - Seahorse
Power Company Inc. (SPC) utilizes renewable energy technologies to
deliver innovative and useful products to large, existing markets. Our
first product, the BigBelly, is a solar-powered compacting trash
receptacle that reduces trash/recyclables collection frequency,
significantly reduces litter and collection-vehicle pollution. Like no other compactor, the BigBelly is cordless, movable and wirelessly-enabled to call for pickups. It
compacts waste to ¼ its original size, right where the waste is
generated, dramatically improving the efficiency of waste handling. Today,
garbage trucks consume 1 billion gallons of diesel each year,
collecting and hauling over 400 million tons of solid waste in the U.S.

Durham, NC - SJF Ventures is raising its second capital fund, SJF Ventures II, L.P. SJF II is being capitalized with up to $50 MM of limited partnership interests. The
Fund’s manager, Sustainable Jobs Corporation, is currently managing a
$17 MM fund, SJF Ventures I, L.P. that was founded in 1999. SJF II will invest in unique clean technologies (industrial efficiency, renewable energy, water, recycling), business services and consumer products companies that are experiencing rapid growth. With offices in Durham, NC and Philadelphia, PA SJF II will lead investments in the Eastern U.S. and co-invest in cleantech companies nationwide, especially in CA.

Vancouver, BC - Small
Potatoes Urban Delivery (SPUD) is an internet organic food delivery
service with a strong social and environmental mandate. The
company delivers certified organic produce plus 1200 grocery items to
homes and offices throughout Greater Vancouver and southern Vancouver
and is poised for a 20 city roll out across North America over the next 8 to 10 years. The company serves over 5000 customers, operating from two warehouses in B.C., one in Vancouver and one in Victoria. SPUD is now the largest organic food delivery firm in North America and has been profitable for three years.
Solar Roofing Systems
Philadelphia,
PA - Solar Roofing Systems (SRS) is in business to design, market, and
sell roofs that generate energy using photovoltaic technology (PV). In
the past, “going solar” was a separate decision from purchasing a roof
and was made only by very environmentally aware homeowners. Expense, appearance, reliability and installation complexity have been insurmountable barriers for most homeowners. SRS
has addressed these problems by designing a patented package for PV so
that energy is generated from a product that costs, looks, lasts and
installs like a typical high-end roof.
SolarOne Solutions
Framingham, MA - SolarOne™
Solutions designs, develops, and markets “micro-utility” product
platforms based upon solar (photovoltaic) (PV) technologies. The
company offers the Harvester™ Mobile Solar Generator with add-on
packages for UV water purification and spot lighting, as well as its
SOLed™ line of Solid State Lighting packages for parks, neighborhoods
and shelters. These devices are complemented by a private-labeled data-logging package named the Harvest-Store™.
Star Farm Productions
Chicago, IL - Star
Farm Productions LLC (“Star Farm”) is an entertainment company focused
on the development of branded media assets for the youth and family
segment of the one trillion dollar global entertainment market. Star
Farm engages kids in all aspects of the product development process and
gives them a voice to develop their own ideas and stories. Each
Star Farm property is developed for all media - books, Internet,
broadband, television, film, toys - simultaneously versus the
traditional approach of “adapting” content from one medium to another.
Sterling Planet
Alpharetta, GA - Sterling
Planet is a privately held, Atlanta-based, environmental energy company
founded by seasoned electric utility executives. The company began
operations in January 2001 as
the first nationwide renewable energy choice. Since that time, Sterling
Planet has earned its reputation as a pioneer in bringing renewable energy solutions to all U.S. consumers and businesses through utility partnerships and direct business-to-consumer sales. The
company sells renewable energy certificates (RECs), sometimes called
green tags, and tradable renewable energy credits to utilities and
business customers.
Washington, DC - SunEdison delivers a complete package of solar energy services to U.S.
customers by offering commercial, governmental, and institutional
customers a way to power buildings using clean, renewable energy from
the sun, without any upfront capital costs, for rates less than those
offered by the electric utility. Using available incentive programs,
straightforward structured financing, and socially responsible
investors, SunEdison has been able to package solar to “Host” customers
in a way that provides competitively priced solar energy to augment
existing power.
Thrive Capital Partners
Palo Alto, CA - Thrive Capital Partners is being formed to make long term private equity investments in established mission-driven, non-technology, emerging growth companies. Thrive Capital Partners believe that companies that understand their responsibility to customers, employees, community and the environment have a competitive advantage in the consumer marketplace and make excellent investments. Within the broader universe of smaller non-tech companies, Thrive Capital Partners see a particular opportunity to invest in companies that are taking advantage of a trend toward healthy, natural, sustainable lifestyles and believe that the growth dynamics in the health, fitness, and wellness space are part of a broader consumer revolution that is changing the face of many industries.
Transplant Connect
Santa Monica, CA - Transplant Connect is a medical technology company founded by healthcare professionals and technology veterans. The
company’s initial product, Intelligent Referral SM transplant industry
platform, is an integrated suite of communication and data management
applications that automate and streamline core processes in the
severely underperforming organ and tissue transplant industry. The global shortage of organs and tissues is severe and worsening. The
transplant industry operates far below its potential, recovering only
6,400 out of 25,000+ potential donors each year in the U.S. alone.

Cambridge, MA - At
least two billion people living in rural areas of developing countries
lack an affordable communications infrastructure. Using patent-pending
technology originally conceived at the MIT Media Lab, United Villages,
Inc. now offers a way to provide people in even the most remote areas
with a phone number and an email address for under $1.00/person in
capital expenditure and approximately $1.00/year/user in aggregated
operating costs – a fraction of the cost of any comparable alternative.
United Villages is the “Grameen Phone” for all of the villages beyond
the reach of traditional cellular or wired infrastructure. 
Charlotte, VT - Wind Works LLC incubates and develops commercial, utility-scale wind energy projects in the eastern U.S.
The company identifies attractive projects and obtains land easement
rights to build and operate wind turbines via land lease agreements.
Further responsibilities involve wind resource monitoring, permitting,
community outreach, utility interconnection studies, and power purchase
agreement (PPA) negotiations. Wind Works or its principals have initiated wind projects with a total capacity of at least 190 MW.

Venice Beach, CA - Woman
On Top Inc. is producing functional and enhanced food and beverages
products with empowerment messages. The company’s corporate vision is
to take advantage of the enormous potential in the enhanced water /
functional beverage industry and increased concern for healthier and
enhanced food and beverages through developing a unique product line
with strong brand awareness and secure customer loyalty. The company
will focus on women of all ages who feel that by purchasing our
products they are not just benefiting from the product itself but also
becoming part of something larger than themselves, helping other women
and becoming a part of a worldwide movement for a woman’s right to feel
empowered ("Woman On Top”).