WorthPoint Corporation to Leave Reston-Based Incubator Program
RESTON, Va., April 2, 2008 /PRNewswire-USNewswire/ -- INC.spire, Greater Reston Chamber of Commerce's business incubator program, is pleased to announce the graduation of its client, WorthPoint Corporation. WorthPoint will leave the Reston-based incubator program at the end of March having successfully raised over $2 million in venture capital investment. Several departments of the company will stay in Northern Virginia, and will be housed in newly leased space in McLean. WorthPoint headquarters will move to the Advanced Technology Development Center in Atlanta.
INC.spire and its team of mentors assigned to assist WorthPoint are delighted with the success of this new client company. "The rapid growth of WorthPoint and its ability to raise significant capital in a tight investment market is a tribute to the WorthPoint concept and leadership," said Jen Sterling, chair of the INC.spire Board of Directors. "It is this type of entrepreneurial passion, product development expertise and commitment to aggressive growth goals that we look to develop in our client companies." WorthPoint becomes INC.spire's twentieth graduate company.
About INC.spire: This Reston-based incubator program provides active coaching and mentoring to qualified entrepreneurs and is instrumental in providing necessary professional support for businesses committed to meeting or exceeding aggressive growth goals. A not-for-profit subsidiary of the Greater Reston Chamber of Commerce, INC.spire is dedicated to enhancing the region's economic prosperity by new job creation, marketplace capital investment and long-term occupancy in commercial or industrial office space.
About WorthPoint Corporation: WorthPoint Corporation, founded in 2007, is a database and media company for the $150 billion global collectibles industry. WorthPoint catalogues and tracks the sales history and current value of antiques and collectibles from around the world and makes this information available to everyone. The site features a library of information called the "Worthopedia;" a team of experts in a wide range of antiques and collectibles called "Worthologists;" online communities, and news of upcoming auctions and events. WorthPoint has forged business partnerships with the School of Management at George Mason University in Fairfax, Virginia, and the Advanced Technology Development Center at the Georgia Institute of Technology (Georgia Tech) in Atlanta. http://www.worthpoint.com/
INC.spire is a catalyst for qualified fast-growth businesses, providing active coaching with the goal of fostering success, thereby enhancing the region's economic prosperity. This successful program, sponsored by members of the Greater Reston Chamber of Commerce, has assisted four dozen entrepreneurs over the past decade who have gone on to create nearly 200 jobs in the Reston area. These firms have attracted $38 million in business value and have secured more than 65,000 square feet of commercial office space in Northern Virginia. http://www.incspire.com/.
Greater Reston Chamber of Commerce
