Case Study Analysis of Dr. Parviz-Tayebati Vision

Running Head: CASE STUDY ANALYSIS OF DR. PARVIZ-TAYEBATI VISION
Case study analysis of Dr. Parviz-tayebati vision
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Author’s Note

1CASE STUDY ANALYSIS OF DR. PARVIZ-TAYEBATI VISION
1. Why did the VC firms like the fact that the company had received significant
government grants?
Company’s history of CoreTek:
It was in 1994, when the business firm Coretek was inaugurated by Dr. Parviz-Tayebati
as a vision to bring about innovation within the optical laser computing technology. It was Dr.
Parviz-Tayebati vision that he could bring about a change within the industry. It was inaugurated
in the era of 1998. It was in the era of 1998, CoreTek received more than $5.5 million in SBIR
grants, nine phase I awards, and five phase II awards. It was in the era of 1999, CoreTek raised
$6 million in an “A” round of preferred stock from a syndicate of three VC firms, led by Adams
Capital Management, valuing the company at $11.5 million prior to the investment.
Company’s history of Adam’s venture Firm:
Adams Capital Management, Inc. (ACM) business firm is a Pittsburgh-based venture
capital firm specializing in early-stage applied technology investments. It was inaugurated in the
early phase of 1994, ACM is a lead Series. An investor and has raised an amount of about $815
million since inception.
Its CEO is Jeff Mullen, his visionary statement comprises of “After receiving many top
VC deals, we chose ACM because of its perspective on goal alignment and its strong
commitment towards the success of the management team. Joel-Adam’s mentorship is directly
responsible for much of the dynamics success as a company and mu success as being a CEO.
ACM has redefined the concept of the value-add”. ACM's portfolio companies are led by
innovative technology entrepreneurial bodies and experienced as well as professional
management teams who are defining and dominating product categories. ACM leverages its
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2CASE STUDY ANALYSIS OF DR. PARVIZ-TAYEBATI VISION
collective operations and industry expertise in the information technology and networking
infrastructure industries to help the portfolio companies commercialize their technology vision
into self-sustaining, market-leading, companies. Some other facts about the venture firm ACM is
as follows:
• Venture capital firm founded in 1994 to invest in early-stage applied technology companies.
• Experienced lead Series A investor noted for its disciplined market analysis and
business/technology fundamentals.
• $815 million of capital raised since inception.
• Pittsburgh-based firm that provides direct access to best deals within our area of expertise.
• Industry expertise: Information Technology and Networking Infrastructure.
• Our success as a venture capital firm is due in equal parts to the belief of our investors, the
promise of our portfolio companies and the experience of our team.
• Joel P. Adams addressed as the general partner, Jennifer E. Parulo addressed as the CFO,
Venture Capital. Matthew J. Kline addressed as the Senior Financial Analyst, and Andrea S.
Adams addressed as the Treasurer.
• Current portfolio companies of the business firm for Information Technology are Dynamics,
First Insight, RoadRunner Recycling Inc., SnapRetail, and The Efficiency Network Inc. (TEN).
Current portfolio companies of the business firm for Networking Infrastructure are Uplogix,
VBrick Systems. Current portfolio of featured exits are Airnet Communications, AutoESL
Design, Technologies, Bluestone Software, CoManage, Context Media, CoreTek, Cytyc,
DATAllegro, Dell, Factory Logic, Flashline, InSoft, Innovative Solutions & Support, Intrinsity,
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3CASE STUDY ANALYSIS OF DR. PARVIZ-TAYEBATI VISION
Landslide Technologies, LibreDigital, Luminescent , echnologies, Mirage Networks, NetSolve,
ON Technology, Optellios, Qspeed Semiconductor, ReturnCentral, Revenue Technologies,
SmartOps, Touchdown Technologies, Works.
The VCs were attracted by the fact that the company was in a hot field and was able to
secure significant amounts of government funding. It was in the era of the June 2001, that the
business firm Coretek was acquired by the Nortel’s business firm. Nortel’s possessed Coretek
business firm by means of the publicly traded stock. However, Dr. Parviz-Tayebati still possess
30 percent of the CoreTek Company’s share.
It was in the era of in 1999, CoreTek raised $6 million in an “A” round of preferred stock
from a syndicate of three VC firms, led by Adams Capital Management (www.acm.com),
valuing the company at $11.5 million prior to the investment. The VCs were attracted by the fact
that the company was in a hot field and was able to secure significant amounts of government
funding.
The concerning business firm has a huge potential to introduce change in the laser computing
technology The business firm has successfully formulated positive brand equity. Dr. Parviz-
Tayebati was successful in creating a image of the business firm image not only within the
market but in the eye of the investors, VC firms, and primary of the government body. It has a
financial support from the government body and financial offering from the VC body. Dr.
Parviz-Tayebati projects concerning the research has support by means of SBIR programs, this in
fat has resulted in formulation of goodwill in the eye of the market. Dr. Parviz-Tayebati research
was important as it will reduce the manufacturing and inventory costs for the source lasers, and it
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