In today's Tennessean, Nashville VCs comment on near-gridlock resulting from closed IPO window, lower valuations for entrepreneurs and need for exits through sales to strategic investors. Quoted execs include Council Ventures' Gambill, Petra's Blackburn, Pharos' Devlin and former Massey Burch exec Lucius Burch.
KNSreport today: Knoxville's Northshore Capital Management is funding 3GS LLC's steady acquisition of document-shredding companies.
MOVES: Entrepreneur Charlie Brock, a former Brock Candy exec and founder of FoxMark Media in Chattanooga, joined Four Bridges Capital Advisors, Chattanoogan.com. Former Merrill Lynch exec Kelli O'Brien joined DeMoss Capital in Chatta., Release here. Mary Duboise of Sovereign Wealth Management in Memphis was promoted to chief compliance officer.