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Tuesday, 09/11/2018 10:39:10 PM

Tuesday, September 11, 2018 10:39:10 PM

Post# of 732701
Just done some travel around the world one month ago, and have since quietly waited, waited and waited -- still have tons of patience waiting for the fate of my investment, not a share sold and will not until the results.

BTW, came across an interesting article:

https://www.washingtonexaminer.com/linda-powers-a-keen-eye-for-the-right-opportunities

[part of it:]

Linda Powers: A keen eye for the right opportunities
by Katie Wilmeth
| August 11, 2006 12:00 AM

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Linda Powers knows an opportunity when she sees it.

The co-founder of Bethesda-based Toucan Capital has made a career of seizing new opportunities and making them work for her.

From an active career in corporate takeovers in the 1980s to a presidential appointment at the U.S. Commerce Department during the first Bush administration and, finally, to her current career investing in fledglingbiotechnology companies, Powers has had a front-row seat for some of the hottest developments in the business world over the last 20 years.
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Now, as one of the country’s most successful biotechnology-focused venture capitalists, she has been tapped to lead Maryland’s high-profile Stem Cell Research Commission. The commission is overseeing the distribution of a $15 million fund for Maryland-based firms focused on stem cell research.

The 50-year-old Potomac resident has jumped from one big opportunity to the next throughout her career — always seeming to leave at just the right time. She started her career at the law firm Latham & Watkins in New York, where she specialized in hostile corporate takeovers. Just as that hot trend was fizzling, Powers was appointed Deputy Assistant Secretary for Service Industries at the Commerce Department. After four years, she was hired at Enron, but left to launch her own venture capital firm in 1997 before the now-infamous scandal broke.

"I’ve been lucky with my timing," Powers said.

Powers, who co-founded Toucan Capital with her husband, Bob Hemphill, said the decision to start her own business was a natural step in her career trajectory. "I looked at the landscape and it seemed to me venture capital was an interesting area of opportunity."

Toucan’s first fund invested in a variety of companies, but its third fund, at $120 million, focuses solely on seed and early-stage bioscience companies — one of only a handful in the U.S. focused on start-ups.

"Biotech has the longest time frame and one of the biggest risks, but at the same time biotech provides great returns," she said.

Toucan currently has investments in 10 stem cell companies, including more than $60 million in Maryland-based firms.

As the new chairwoman of the 15-member commission, Powers will help define the state’s role in the hotly-debated stem cell researcharena.

"My favorite thing is working with scientists and first-time entrepreneurs and helping them take some kind of research results and turn it into a real product for the real world," she said. "I think success stories come in all shapes and sizes … but the key thing [for the Commission] is to do something that advances the science and/or advances the research to get something to the bedside."

[about her husband according to bloomberg:]

Mr. Robert F. Hemphill, Jr., also known as Bob serves as the President and Chief Executive Officer of AES Solar Power, LLC. Mr. Hemphill served as the Chief Executive Officer of AES Solar Energy, Ltd. He served as Acting President of Asia & Middle East and Executive Vice President of Strategic Initiatives at The AES Corporation. He has more than five years' experience in seed and early stage venture capital investing and over 20 years' experience in corporate operations, including two successful IPO’s and dozens of project and corporate financings, both domestic and international. He co-founded Toucan Capital Corp., and Toucan Capital Fund II, L.P. and served as its Managing Director from June 1996 to February 2004. He served as the Chief Executive Officer and President of Silver Ridge Power Inc. Previously, Mr. Hemphill was a Co-Founder at AES and a Senior Manager for over ten years. He served as an Executive Vice President of Global Development at AES Corporation since February 5, 2004, an Executive Vice President from 1982 to June 1996, a Director from June 1996 to February 5, 2004. He served as an Executive Vice President and Chief of Staff of The AES Corporation form February 2004 to march 2008. Mr. Hemphill served as the Chief Executive Officer and President of AES Transpower Pvt., Ltd, where he served as a Vice President of Project Development, from 1982 to 1984. He was an Executive Vice President of Business Development at AES Wind Generation LLC. From December 1993 to February 1, 1995, Mr. Hemphill served as the Chief Executive Officer and President of AES China Generating Co. Ltd, a Vice Chairman from February 1995 and a Director from December 1993. From 1984 to 1987, he was employed as a Senior Vice President at AES. Mr. Hemphill helped start AES Corp. in 1981 and in concert with his two partners, built it from a three person, one million dollar start-up to an international corporation with electric power generation and distribution and telecommunications activities in the United States, Europe, Latin America, Asia and Africa. Prior to Mr. Hemphill’s tenure at AES, he served as a Deputy Assistant Secretary of the United States Department of Energy, with responsibilities that included energy research and development planning and budgeting. Subsequently, Mr. Hemphill served as a Deputy Manager of Power at the Tennessee Valley Authority (TVA). He served as an Executive Vice President of Business Development at AES SeaWest, Inc. Mr. Hemphill has more than 25 years of experience in senior management positions in small and large corporations and government organizations. Mr. Hemphill serves as a Director of Reactive NanoTechnologies, Inc., Phoenix Motorcars, Inc., Selecterra.com, the Smithsonian Institution’s National Museum of American History, the Advisory Board of Optiglobe, the Advisory Board of Venturehouse, Trophogen Inc., and Chameleon Technologies. He served as a Director of Knova Software, Inc. (also known as ServiceWare Technologies Inc.) since June 2001. He served as Director of Altair Nanotechnologies, Inc. , from May 2007 to November 19, 2009. He served as a Director of Silver Ridge Power Inc. since July 12, 2012. Mr. Hemphill holds an M.B.A. from George Washington University with a specialization in Finance, an M.A. in Political Science from UCLA and a B.A. in Political Science from Yale University.

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