Silicon Alley Venture Partners ("SAVP") was originally founded in 1998 to focus on early growth investing in Technology Enabled and Business Information Services (TES/BIS) companies primarily located in the greater Tri-State Area from eastern Pennsylvania to northern Connecticut.
TES/BIS is the next logical step in the maturation of the information technology industry. As opposed to creating entirely new technology, TES/BIS companies leverage existing technology to solve business problems or create substantially improved efficiencies.
Additionally, the Tri-State region is the headquarters to over 30% of the Fortune 500 and has a strong focus on some of the largest industries including financial services, media, publishing, information services, retail and pharmaceuticals. The region is a rich environment for entrepreneurs to offer technology enabled services and business information services to these industries. In fact, we find that many of the entrepreneurs we back have deep domain expertise in one or more of these areas.
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