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Office Locations:
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Swartz Center for Entrepreneurship
Tepper Quad, 3rd Floor, 4765 Forbes Avenue
Pittsburgh, PA 15213
Phone: 412-268-6356
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Communications & Networking
Information Technology
Media & Digital Media
Software & Internet
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Carnegie Mellon University's Open Field Entrepreneurs Fund (OFEF) is a new model for providing early-stage business financing to CMU alumni who are driving innovation. The OFEF is open to all CMU graduates from the past five years who have the desire to become entrepreneurs. The fund was created from a generous gift by Flip video camera creator and Carnegie Mellon alumnus Jonathan Kaplan, Kaplan's wife, Marci Glazer, and Kaplan's classmate and bitly CEO, Peter Stern. Selected companies will receive $50,000 from the OFEF and must raise an additional $50,000 matching investment to be eligible. In addition to financial support, OFEF recipients also gain access to other funding sources, receive personalized mentoring, an invitation to attend an annual OFEF business conference and receive legal and accounting support for their start-ups. The Swartz Center for Entrepreneurship space covers over 8,000 square feet with 10 built in garage office spaces.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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