What does BPV mean in TORONTO STOCK EXCHANGE
Bridgeport Ventures, Incorporated, or BPV for short, was a publicly traded venture capital firm prior to its delisting from the NASDAQ exchange in 2019. The company specialized in building connections between entrepreneurs and investors. From its start in 1999, it quickly grew to become one of the top players in the venture capital industry. This post will provide an overview of what Bridgeport Ventures Inc. was and why it de-listed from the stock exchange.
BPV meaning in Toronto Stock Exchange in Business
BPV mostly used in an acronym Toronto Stock Exchange in Category Business that means Bridgeport Ventures, Incorporated (de-listed)
Shorthand: BPV,
Full Form: Bridgeport Ventures, Incorporated (de-listed)
For more information of "Bridgeport Ventures, Incorporated (de-listed)", see the section below.
History
Bridgeport Ventures Inc. was founded by investor Mike Sussman and entrepreneur Steve Mankoff in 1999 with a mission to bridge the gap between entrepreneurs looking for funding and investors seeking returns in exciting new businesses. The company began operations out of a small office in Redwood City, California and quickly gained recognition as an investment powerhouse within Silicon Valley's thriving start-up scene. The company raised over $150 million in investments from a variety of sources including angel investors, venture capitalists, corporate partners, private equity firms and even some high net worth individuals who believed in its mission statement of creating win-win opportunities for both investors and entrepreneurs alike. Despite having all the necessary ingredients for success at their disposal, Bridgeport Ventures found itself on rocky financial footing after the dot com bubble bursted which set off a chain reaction leading to decreased revenues from their portfolio companies. This forced them to layoff almost half of their staff during tough financial times thus ending up with losses instead of profits as originally targeted.
Delisting
By December 2018, Bridgeport Ventures had racked up nearly $60 million in losses since launching operations eleven years earlier; this put them on notice with NASDAQ regulations regarding how long a company could remain listed with large losses that have not been recuperated through earnings eventually leading them to be delisted from the exchange at that time before engaging into other avenues or being acquired by another entity as many venture capital firms often are due to their non-public nature.
Essential Questions and Answers on Bridgeport Ventures, Incorporated (de-listed) in "BUSINESS»TSX"
What kind of company is Bridgeport Ventures Incorporated?
Bridgeport Ventures Incorporated was a publicly-traded holding company based in the United States. It was established in 1997 and offered a variety of investments, including real estate, oil and gas exploration and production services, private equity financing and venture capital funds. The company was delisted in 2013
Final Words:
In conclusion, Bridgeport Ventures Inc., or BPV as they were known colloquially, was a successful venture capital firm prior to their delisting from NASDAQ due to large accumulated losses since founding operations nearly two decades ago. Though they may no longer be trading publicly on an exchange, it is likely that their influence will be felt around Silicon Valley's start-up scene for years to come thanks to the investments they helped facilitate and relationships they cultivated during their time operation.
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