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Q: Investment history of a Venture Capitalist in Los Altos, CA. ( Answered,   0 Comments )
Question  
Subject: Investment history of a Venture Capitalist in Los Altos, CA.
Category: Business and Money > Small Businesses
Asked by: markbell-ga
List Price: $50.00
Posted: 10 Jul 2002 14:14 PDT
Expires: 09 Aug 2002 14:14 PDT
Question ID: 38280
Name:  Jim Weersing. His company name: JRW Technologies.
Answer  
Subject: Re: Investment history of a Venture Capitalist in Los Altos, CA.
Answered By: ozguru-ga on 10 Jul 2002 19:39 PDT
 
Dear markbell,

So far I have identified very successful investments in Lifescan and
ATL Ultrasound, and current investments in Iomed and  Ventana Medical
Systems. It seems that Mr Weersing’s main Venture Capital vehicle is
MBW Venture Partners while JRW Technology is primarily a consulting
firm.

Iomed
The Wall Street Transcript Interview, CEO Iomed since 1998
http://www.twst.com/ceos/iox.html 
Iomed Notice of 2001 Annual General Meeting
http://www.iomed.com/corporate/pdf/FY01%20Proxy.pdf 2.1% ownership of
Iomed
______
Lifescan
Dr Michael Miller: “… Mr. Weersing, who ended up being one of the
major business movers of the venture. He was eventually chairman of
the board of LifeScan during its early phases. They all felt that the
company needed to move to California, so it moved to Mountain View,
California, where during they early years, until 1986 and somewhat
thereafter, after the acquisition by Johnson & Johnson, LifeScan was
in Mountain View.
…It sold for $100 million to Johnson & Johnson.”
Mendosa, Rick, History of Blood Glucose Meters:Transcripts of the
Interviews
http://www.diabetes-normalsugars.com/articles/meter_history7.shtml
______
ATL Ultrasound
February 12, 1999 , Making sound waves , cached article at
Philips.com:
”When Philips Medical Systems acquired U.S.-based ATL Ultrasound for
US$ 800 million it was one of the world's largest ever acquisitions in
the ultrasound diagnostics market.”
://www.google.com/search?q=cache:msgm2R5pIz0C:www.news.philips.com/whatsup/19990212-01.html+ATL+ultrasound+formation&hl=en&ie=UTF-8
______
New Jersey Insider 
 MBW Venture Partners: “Founded 1984, over $100 million capital under
management, invests in diverse growth industries but with focus on
health care, medical products, biotechnology buyouts,
telecommunications, computer, electronics at all stages of
development, including seed financings and management> Prefers to
initiate or be lead investor, with typical initial investment $1-3
million… “
http://www.njinsider.com/venture03.htm
___
Talus Ltd, owned 51% by M.S. Weersing of Aotearoa, and 49% by JRW
Technology Incorporated (J.R. Weersing) of the U.S.A., has approval to
acquire 125 hectares of land ... They propose converting the land from
sheep and cattle farming to a vineyard and winery.
http://canterbury.cyberplace.org.nz/community/CAFCA/cafca99/Sep99.html
___
Director
Ventana Medical Systems
 “Mr. Weersing has served as a director of Ventana since October 1994.
Since 1984, Mr. Weersing has been a Managing Director of MBW Venture
Partners, a venture capital investment firm. Mr. Weersing has also
served as President of JRW Technology, Inc., a consulting firm and,
since January 2000, President and CEO of Iomed, Inc. Mr. Weersing
received an B.S.M.E. and an M.B.A. from Stanford University.”
http://www.forbes.com/finance/mktguideapps/personinfo/FromMktGuideIdPersonTearsheet.jhtml?passedMktGuideId=37297
MBW Venture partners are a major stockholder
http://ipomaven.123jump.com/rep/v/vmsi.php3
___
Director
http://www.pharmadigm.com/management.htm

Search strategy:
Initially versions of weersing, jim weersing, james weersing.
After finding various company names from the Wall Street Transcript
article: various combinations of the company names with and without
weersing, acquisition.
Later: “mbw venture partners:

I am still in the process of confirming the name of the firm sold to
Abbott hematology...

Regards,
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