GENERATION NEXT Successor Michael Russell Atlanta’s gained experience before Largest leading his family business. Employers STRATEGIES 31A-35A 19A July 22-28, 2016 52 PAGES • $2.00 VC investing hitting the brakes BY URVAKSH KARKARIA
[email protected] or Atl anta’s tech industry, a fundraising winter may be F coming. In what could be a tell-tale sign of a broader retrench- Who’s Who ment, the venture capital industry appears to have applied the fund- in Nonprofi ts ing brakes in the second quarter — VITELLI JOANN Highlighting 50 nonprofi t in Georgia and nationally. leaders including Georgia companies drew $117.24 million in the quarter, PUBLIX IN TALKS Alicia Philipp. down 43 percent from a year SECTION 25A-28A earlier, according to the Money- FOR ANOTHER Tree report, published by Price- waterhouseCoopers LLP and the WATTS C. JAMES BY ILLUSTRATION PHOTO National Venture Capital Associa- marketing budgets to grab market share — INTOWN STORE tion based on data from Th omson Reuters. knowing they can always raise fresh capital. BY AMY WENK Venture funding in Georgia year-to-date, Now, some of these companies are jettison-
[email protected] meanwhile, is half of what it was in the fi rst ing jobs and slashing spending as they face ublix Super Markets Inc. looks like six months of 2015. the reality of a tougher and more expensive the latest grocer to become a fan of In good times, tech companies invest in Pthe Atlanta Beltline. growth — bulking up their sales force and CONTINUED ON PAGE 20A Publix would become the grocery anchor in the $250 million redevelop- COVER STORY ment of the Leggett & Platt site, accord- ing to sources familiar with the talks.