Business Briefs - August 9, 2018
AMERIPRISE’S JODY C. HYDEN REACHES CAREER MILESTONE
Jody Hyden, CRP, CRPC, ChFC a financial advisor with Hyden and Associates, a private wealth advisory practice of Ameriprise Financial Services, Inc. on Daniel Island, has reached a career milestone through the company’s Circle of Success program. Hyden achieved the designation through “years of consistently high performance,” stated a press release. Less than 7 percent of Ameriprise advisors have earned the distinction. Hyden was one of only 56 advisors to achieve this milestone and will be recognized at the company’s 2018 National Conference in San Francisco, California.
As a private wealth advisory practice, Hyden provides financial advice that is “anchored in a solid understanding of client needs and expectations and is delivered in one-on-one relationships with his clients,” continued the release. For more information, call (843) 284-1237, ext. 207, or visit the Ameriprise office at 259 Seven Farms Dr., Suite 200, Danial Island.
VENTURESOUTH CHARLESTON REPORTS RECORD-BREAKING QUARTER
VentureSouth Charleston, an angel investment group in Charleston that invests in early stage companies across the Carolinas as part of VentureSouth, recently announced a record-breaking quarter of investments and capital returns.
During the second quarter of 2018, the group had two successful exits from its portfolio, returning to investors nearly seven times their investment in just under two years at an annual rate of return of over 150 percent, stated a press release.
In the same period, VentureSouth Charleston members participated in investments of over $4 million into 11 companies – a record-breaking level of activity. These investments included both new and existing portfolio companies. This brings the capital invested in 2018 to $5 million, which has already surpassed 2017’s total of $4.5 million.
New companies receiving investment for the first time included Threatswitch, a security and compliance software platform for heavily-regulated companies; Spiffy, an on-demand car care, technology, and services company; and Emergo Therapeutics, a biopharmaceutical start-up.
Existing portfolio companies also received additional funding, including Proterra, Greenville’s electric bus manufacturer; Cirtemo, a developer of optical filter technologies in Columbia; and CharlestonPharma, a biotech company in Charleston.
The group has doubled in membership over the last year, continued the press release.
VentureSouth Charleston Director Eric Thome commented, “Creating positive financial returns from early stage investments can be difficult. The last quarter has proven that the VentureSouth platform can help members generate attractive returns. Our wide membership, deal flow, professional full-time team, and active support of portfolio companies help members make, and realize, good investments. We look forward to continuing this cycle of success as we continue to grow rapidly in Charleston.”
VentureSouth was one of several investment firms to take part in “What’s the Big Idea?” – a “Pitch U” event presented by Dianne Shaver, creator and CEO of Entrepreneur Mind World, in partnership with The Daniel Island News. The company also reports it has a number of investments and investors on Daniel Island.
DULLES DESIGNS LAUNCHES LASER-CUT STATIONERY AND INVITATION PRODUCTS
Now in its 28th year of business, Dulles Designs, LLC, owned by Daniel Island resident Emilie Dulles, offers laser-cut paper technology and hand assembly for various-sized wedding invitations, announcements, and business brochure projects, including gala event menus, holiday and Christmas cards, and company-wide executive “thank you” notes.
“Our modern pre-press software and laser-cutting technology allows us to design and produce many precise floral, iron gate, historical tree, and company logo graphics, which come in handy for printing projects in Charleston, Philadelphia, or Boston where ‘old school’ graphics are especially valued by private clubs, law firms, resort properties, and historical real estate owners,” Dulles explains.
Dulles Designs works with traditional families and companies, from private golf clubs and political figures, to established non-profit directors and Wall Street hedge fund managers –– and especially established law firms –– throughout Washington, D.C., New York, South Florida, and Charleston’s Lowcountry region. For more information, visit www.dullesdesigns.com.