Friday, September 29, 2000
Daily News
Stellar Venture Partners (SVP), a high-tech venture capital firm, focuses on comprehensive start-up support, including seed money, management team composition, marketing and exit strategy design and execution for new businesses with great growth potential.
SVP is also aimed at helping existing technology and non-technology-based companies achieve the next level of success by utilizing Internet marketing strategies and investing in more innovative operational programs. The firm additionally plans to look for opportunities to partner with other venture capital firms around the country to geographically expand and limit risk. A native of Illinois, owner Richard Schmidt specialized in start-ups, turnarounds, merger, acquisition and divestiture activities for Fortune 500 companies, including Evans Products, Caterpillar tractor company and Echlin Manufacturing. In 1979, Schmidt began developing and acquiring his own start-up and turnaround ventures, a practice he has continued to date. In 1990, he moved to Naples and one year later founded Stellar Asset Management Inc., an investment firm, and published The Risk Report, an investment newsletter. After selling Stellar Management Inc. in 1997, Schmidt established the Stellar Stock Report, an investment advisory publication. Address: The Strand Executive Office Complex off Immokalee Road.
Telephone: 596-8655. Web site: www.stellarvc.com.