| Business Summary | | THCG,
Inc.
is
currently
providing
a
limited
level
of
investment
banking
and
other
financial
advisory
services
through
Tower
Hill.
Prior
to
November
1,
1999,
the
Company
was
a
closed-end
management
investment
company
with
three
primary
business
focuses:
investing
in
start-up
and
early
stage
development
companies;
operating
an
investment
vehicle
that
specialized
in
bridge
financing
to
small
and
medium-sized
companies;
and
providing
accounts
receivable-based
commercial
financing,
or
factoring,
and
related
services.
During
2000,
the
Company
provided
a
combination
of
venture
funding,
venture
development
and
venture
banking
services
to
its
partner
companies,
comprised
of
Internet
and
technology
companies
in
which
it
acquired
direct
or
indirect
equity
interests
as
well
as
to
third
parties
to
which
it
provided
services
for
fees.
Due
to
market
conditions,
the
Company
substantially
curtailed
its
venture
funding
and
venture
development
services
in
January
and
February
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | THCG
is
an
international
merchant
banking
firm
engaged
in
building
and
supporting
its
global
portfolio
of
technology
companies.
THCG
provides
venture
funding,
venture
development
and
venture
banking
services
to
its
partner
companies.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenue.
Net
loss
from
continuing
operations
applicable
to
Common
decreased
10%
to
$6
million.
Lower
loss
reflects
lower
general
and
administrative
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Mark, 44 Co-Chairman,
CEO | $216K | Adi Raviv, 45 Co-Chairman,
CFO | 231K | Evan Marks, 43 Pres,
COO, Director | 138K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|