Hospitalists Now, Inc. (HNI), a full-service physician group practice, management and consulting company focused on the delivery of hospitalist services, today announced its first round of venture capital funding. The $3.5 million in Series A equity financing was provided by life sciences venture capital firm Santé Ventures. HNI, founded by CEO and President, Michael Gonzales, supplies and coordinates inpatient care for its contracted client hospitals in partnership with local primary care physicians and specialists. Already [...]

The winners have been announced for this year’s Ernst & Young Entrepreneur of the Year program in Austin. This is a great annual program that recognizes Austin entrepreneurs, and this is the first year at its new location, the Hilton. Previous winners have included such notable people at Michael Dell, John Mackie, and Bill Morrow, and local winners move on to regional and national levels. This year’s winners were: Brett Hurt, Bazaarvoice Doug Harrison, The [...]

If you’ve been following the turbulent times of the venture industry lately, you may have read a little bit about how some funds are attempting to recover previously disbursed funds from venture partners. These are called clawback provisions, a definition of which follows. Excessive management share of profits that must be refunded to investors of a venture capital fund. A clawback is required when managers of a venture capital fund take a contractual share of [...]