News: Entrepreneurs help build start-ups by the batch

C-Suite

Entrepreneurs help build start-ups by the batch

Just two years after its conception, Prism Skylabs has made enormous strides. The 20-person company, based in San Francisco, uses video surveillance equipment to give retailers Web-like data on customer behavior in their brick-and-mortar stores, the New York Times reported. It has secured more than $8 million in financing from investors like Pacific Partners and Andreessen Horowitz and has contracts with 70 retailers.

Just two years after its conception, Prism Skylabs has made enormous strides. The 20-person company, based in San Francisco, uses video surveillance equipment to give retailers Web-like data on customer behavior in their brick-and-mortar stores, the New York Times reported. It has secured more than $8 million in financing from investors like Pacific Partners and Andreessen Horowitz and has contracts with 70 retailers.

But like many start-ups finding success in Silicon Valley and across the country, Prism Skylabs is not the brainchild of a rookie entrepreneur who risked everything. One of its founders is Ron Palmeri, a long-time Silicon Valley executive. He is among a growing group of professed company builders who are parlaying past successes - along with their own capital and thick Rolodexes - into operating companies and venture funds that work on multiple companies at the same time.

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Topics: C-Suite, #Updates

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