RALEIGH, NC--Raleigh investment advisor and economist Tom Vass wants to create a new paradigm for helping global capital firms find regional and local tech investments and conduct due diligence. He created the Private Capital Market and its Website to connect capital to companies through its Web-based software application.
Vass authored "Predicting Technology: Identifying Future Market Opportunities and Disruptive Technologies," which explains the theories behind his patented method for predicting what sort of innovations and technology companies will do well.
Vass tells TechJournal South the econometric theory explained in the book, published this summer, and his patented method of tech stock selection provides the "underlying intellectual framework," for the privatecapitalmarket.com Web site.
While the book and stock picking method are aimed at public technology companies, the theory, he says, "provides the framework for gauging what types of private technology companies will work," as well.
""Each metro area has its own way of doing things, it's own technology clusters. I have a theory on how to understand each region's sector, why an investment in one sector in one town is better than the same sector in another town."
Web portals automate investment process
The Private Capital Market site is designed to help investors search for investment opportunities and allows them to conduct due diligence on multiple investment opportunities online.
Each individual investor and each company have their own web portal that facilitates the management and administration of private equity investing. In addition to the due diligence functions, the new global platform allows users to communicate in a secure, private environment with a full range of private capital market professional service providers.
The web portals allow the process of investing in private companies to be automated, from the initial contact until the close of the transaction. Additionally, there is an extensive calendar of business networking and capital market events, which aims to facilitate relationships with investors and other partners.
Partners essential
Vass, who has been working for some time on ideas for helping urban areas increase capital available to support innovative technology companies—which he sees as crucial to continued job creation and economic success—says finding the right partners is key to bringing his ideas to frutition.
He says he explained his ideas at length to Sonny Gupta, president of Raleigh’s Web Design Studio, “And he took the time to understand what I’m doing conceptually. He then translated those concepts into software code.” Web Design created the Private Capital Market site, which required a high level of security and ease of navigation.
“By working closely with Web Design Studio, we were able to move the very complicated due diligence process to the internet for the first time,” said Vass.
