Salt Lake City, Utah-based natural gas utility Questar serves more than 1.2 million customers in Utah, Wyoming and Idaho. Wexpro supplies natural gas under a cost-of-service agreement to Questar.
Earlier this year, Dominion and Enbridge closed on the $6.6 billion sale of East Ohio Gas to Enbridge. That deal was announced at the same as as the Questar sale. The third component of the announcement, the sale of Public Service Co. of Gastonia, North Carolina, to Enbridge, is expected to close later this year.
In announcing the three sales, Dominion Chair, President and CEO Bob Blue said that the transactions provide Dominion, which is developing a 2.6-gigawatt, $9.8 billion wind farm 27 miles off the Virginia Beach coast and a massive solar project at Washington Dulles International Airport in Northern Virginia, with a “significant step” in its business review, “which is focused on repositioning the company to create maximum long-term value for shareholders, employees, customers and other stakeholders,” in addition to strengthening the company’s credit position.
Tom Johnston has stepped down from The Franklin Johnston Group, the Virginia Beach-based multifamily development and management company he co-founded, the company announced May 30.
Johnston is leaving to pursue other business opportunities, a release stated.
Johnston, Wendell Franklin and his son W. Taylor Franklin as well as Steve Cooper left S.L. Nusbaum Realty in 2013 to form the new firm.
Johnston, who has a degree in business administration from Old Dominion University, completed over 40 apartment communities with an aggregate value of $500 million at the Franklin Johnston Group, according to his company bio. He spent two decades at S.L. Nusbaum Realty and previously worked for the Virginia Housing Development Authority.
Wendell Franklin and W. Taylor Franklin will remain as managing partners of the company. W. Taylor Franklin will continue as CEO, a role he stepped into in early 2023, while Wendell Franklin serves as chairman.
Johnston and Wendell C. Franklin had a three-decade partnership that resulted in the development of numerous apartment communities throughout the Mid-Atlantic, according to the company.
The Franklin Johnston Group has about 700 employees and has a portfolio of about 200 properties located in 10 states and Washington, D.C.
Accenture has named Ed Engles office managing director of its Metro D.C. office, overseeing a region stretching from Baltimore to Richmond, the global professional services company announced Thursday.
Engles steps into the shoes of Marty Rodgers, who has been filling that role for almost a decade while also serving as Accenture‘s market unit lead for the Southern U.S. since 2019. Rodgers will continue to lead Accenture in the South.
Engles has led the North America Service Practice for Accenture Song, which provides services including growth, product and experience design and creative, media and marketing strategy, since 2022. He will continue in that role, leading a team of more than 500 employees.
As office managing director for Accenture in Metro D.C., Engles’ responsibilities will include fostering client relationships and boosting community engagement. He will primarily work out of Accenture’s Rosslyn office, according to a company spokesperson.
Engles, who has a degree in marketing and management from Loyola University in Maryland, is active in his community and serves as executive sponsor for Accenture’s 11th Street Bridge project, which supports local and minority-owned small and medium businesses with a mobile kiosk in Washington, D.C.
For fiscal 2023, Accenture reported revenue of $64.1 billion, an increase of 4% over the previous year. The global company has about 742,000 employees in more than 120 companies.
John Chandler has been promoted to president and principal broker of Berkshire Hathaway HomeServices RW Towne Property Management, the Norfolk-based real estate firm announced Wednesday.
Chandler was previously director of facilities and compliance for Berkshire Hathaway HomeServices RW Towne Realty and chief operating officer of the property management division, according to his LinkedIn profile. He succeeds his sister-in-law, Lisa Chandler, who announced her retirement in October 2023.
“We are thrilled to announce John’s well-deserved promotion to president and principal broker. His experience and leadership and unwavering dedication to excellence will propel our company’s progress,” J. Van Rose Jr., Berkshire Hathaway HomeServices RW Towne’s executive chairman of the board, said in a statement.
Chandler helped coordinate the 2019 merger of Rose & Womble Realty with Chandler Realty and Chandler Property Management and the 2023 merger of Rose & Womble Realty, Rose & Womble Chandler Property Management and Berkshire Hathaway HomeServices. The combined firm is backed by TowneBank and is part of Warren Buffett’s Berkshire Hathaway luxury real estate franchise network. Its property management portfolio has more than 2,700 units and 16 property managers in Eastern Virginia, according to a news release.
Chandler entered the real estate industry after 23 years in the U.S. Navy, which he retired from as a captain. In 2005, he joined the real estate firm his mother founded in 1974, Nancy Chandler Associates, as chief operating officer. In 2017, the firm rebranded as Chandler Realty.
In 2019, Chandler became director of facilities and compliance for Rose & Womble Realty and chief operating officer of Rose & Womble and Chandler Property Management, according to his LinkedIn profile.
Chandler holds a bachelor’s degree in civil engineering from Virginia Military Institute and a master’s degree in national security strategy from the National War College. He serves on the Real Estate Information Network’s board of directors, which governs the multiple listing service for the Hampton Roads region.
WorkSpace Property Group purchased 39.8 acres at 0 Northeast Drive from Cosner Industrial Park for future industrial development.
WorkSpace Property Group is registered to an address in Great Falls. According to the LinkedIn profile of the limited liability company’s listed agent, Robert S. Borris, the company develops logistics/distribution buildings in Virginia, Maryland and Washington, D.C., and repositions, develops, manages and leases office projects.
Virgil G. Nelson and Adam Nelson with Cushman & Wakefield | Thalhimer handled the sale negotiations for the seller. Wilson H. Greenlaw, also with Thalhimer, represented the buyer.
In health care, there’s a moment when mistakes are more likely to occur: shift changes.
As rigorously as medical staff may document patient histories, these “handoffs” can present a weak link in care. According to The Joint Commission, a health care quality assessment organization, miscommunication contributes to two-thirds of serious adverse events in hospitals.
“Handoffs across shifts tend to be where the ball is dropped. The loss is costly for agencies and especially for relationships and quality of care for patients,” says LaToria Pierce, founder of Team Handoff, a Fairfax-based startup that offers a software solution to this problem for group and residential care.
Founded in 2021, Team Handoff was originally created as a job-sharing platform allowing two or more people to coordinate sharing the responsibilities and pay of a single full-time position. When Pierce tried to secure private funding for that vision in her first couple years of pitching, she ran into trouble. Part of the problem, she says, was that the concept seemed too advanced for funders, some of whom told her she’d “reached into the future and brought this method back.” There were also questions in pitch meetings that focused on her background instead of her company — conversations that Pierce, who is Black, says her non-Black founder friends didn’t encounter when they pitched.
Pierce’s experience mirrors a major issue for female and minority entrepreneurs, who can find it especially difficult to secure venture capital and angel funding.
According to data from Crunchbase, Black entrepreneurs typically receive less than 2% of all venture capital dollars, and companies led by Black women receive less than 1%. Companies founded solely by women received just 2% of total capital invested in venture-backed startups in the U.S. in 2023, according to PitchBook.
“Traditional venture capital … [is] a pretty small, closed system,” says Hampton-based Himalaya Rao, managing director and general partner of The BFM Fund, a seed-stage fund that primarily invests in Black-led ventures. “It’s really difficult for different types of founders to be able to access capital when there’s not a broader understanding of different lived experiences that then shape how different people articulate problems, think about solutions, all of that.”
While the problem is a longstanding one, experts and entrepreneurs say there are ways to help address it.
Like other underrepresented founders, LaToria Pierce of Fairfax-based startup Team Handoff has faced challenges in securing capital. Photo by Shannon Ayres
‘A long way to go’
Following the 2020 Black Lives Matter protests, corporations and investors opened up their wallets, giving more funds to Black- and minority-owned businesses than ever. After George Floyd’s murder by police in Minneapolis, America’s 50 largest public companies collectively pledged $49.5 billion to address racial inequality. Roughly 90% of those commitments were loans and investments from which those corporations could profit.
But when market forces led to a reduction in venture dollars in 2022, Black-owned startups were hit especially hard, with venture investment falling more than 50%, according to Crunchbase. As Paul Judge, managing partner and co-founder of Atlanta-based Panoramic Ventures, puts it, “when the U.S. economy has a cold, the Black community has pneumonia.”
Conditions aren’t much better for female-led startups. Last year, according to a report from PitchBook and Deloitte, female-owned startups raised $34.4 billion in startup funds, down from $61.5 billion in 2021. But, in a rare bright spot, the percentage of overall venture dollars that went to female-owned startups rose to 22.8%, up from 18.7% the previous year.
“Venture capital is a man’s game,” reads a 2023 report from Harvard Business Review. “Women are massively underrepresented among both venture-backed entrepreneurs and VC investors, with companies founded solely by women receiving less than 3% of all venture capital investments and women accounting for less than 15% of check-writers.”
Nearly 90% of venture capital-backed startups are run by men, and roughly 72% are run by white people, according to a report by Diversity VC, a global nonprofit promoting diversity in the VC ecosystem.
“You’re more likely to invest in someone who looks like you, who is in your community,” explains Sarah Chen-Spellings, Fairfax-based co-founder of Beyond the Billion, a consortium of venture funds that have pledged to invest more than $1 billion in female-founded companies. Of their first $1 billion, $638 million has been deployed into 795 companies globally, including
11 unicorns.
“That is not to say that it is the responsibility of women and people of color alone [to invest in female- and minority-owned startups],” Chen-Spellings adds.
Rao, co-founder of The BFM Fund, says it isn’t just diversity in racial, gender and sexual orientation that is lacking representation in the venture capital sphere, but also socioeconomic, educational and operational diversity.
“When [diverse startup founders] go to funders, they’re being met with people that don’t necessarily understand their background,” Rao says. “If they’re articulating a solution in a certain way, it’s not being well received, because there’s a lot of pattern-matching that happens in venture capital.”
That’s something that Kristin Richardson, founder of Richmond-based startup Sherah, is familiar with firsthand. Founded in 2022, her bootstrapped business provides assistants to mothers who wish to stay in the workforce.
“The whole finance ecosystem is not very diverse,” says Aurelia Flores, co-founder of Citrine Angels and investment director for Virginia Innovation Partnership Corp.‘s Virginia Venture Partners fund. Photo by Shannon Ayres
“Male investors are less likely to understand the magnitude of the problem we’re solving or the unique nature of how we’re solving it — even when they’re dads,” says Richardson. “I hear quite frequently, ‘Is that really a problem?’ from potential male investors. Whereas, I hear from female investors things like, ‘Wow, this is amazing! Where was this when my kids were little?’”
Stephanie Campbell, general partner of The Artemis Fund, a Houston-based venture capital fund founded in 2019, says raising capital is a struggle regardless of background. She recalls conducting more than 1,000 Zoom calls for Artemis’ first two funding rounds, in which she raised $19 million and $36 million respectively. Still, she says, biases in venture capital investing hurt everyone.
“Venture capitalists that are not investing in diverse perspectives are leaving money on the table. There’s plenty of data that diverse perspectives make better teams, they outperform [less diverse ones],” says Campbell, whose fund invests in underrepresented founders nationally, including Goodfynd and Naborforce in Virginia. “You miss competitors. You miss opportunities when you don’t have all the information and diverse perspectives.”
And the problem isn’t unique to the high-risk, high-reward world of venture capital.
“The whole finance ecosystem is not very diverse,” says Aurelia Flores, co-founder of Citrine Angels, an angel investing group for women, and investment director of the Virginia Innovation Partnership Corp.’s Virginia Venture Partners investment fund. “Ironically, the venture ecosystem is more diverse than the rest of the finance ecosystem. We still have a long way to go.”
‘Systemic solutions’
Fenris Digital founder and CEO Jen Linton advocates for angel investment groups that focus on female- and minority-owned companies. Photo by Matthew R.O. Brown
As big a problem as this lack of equity for women and minority founders represents, there are ways to lessen its impact.
Chen-Spellings says solutions should start at the limited partner level.
“Make diversity a condition of your capital,” says Chen-Spellings, who also hosts the business podcast “Billion Dollar Moves.” “Broaden your assessment criteria to enable others to get into the system and remember that nine out of 10 startups fail. Just because there’s one failure in this [demographic] group doesn’t mean that you shouldn’t invest again.”
Another way is to add diverse perspectives to private equity leadership. Historically, white men have dominated these positions; a 2023 McKinsey & Co. report states that women make up just 33% of entry-level investing roles and only 15% of managing director-level investing roles.
“Systemic problems require systemic solutions,” Rao says. “Representation is step one, but then we also need to be intentional in how we change fundamental models so that we support the pain points and the starting points of many more different types of founders.”
But the Harvard Business Review report states that getting more women involved in venture financing might “be a mixed blessing, because it may actually make it harder for female founders to raise additional rounds of financing.” After analyzing more than 2,000 venture-backed firms, the report concluded that female founders were consistently less likely to close a second round of investing if their first round was female-funded only. This finding held true regardless of the industry, size of the initial funding round, prestige of the investor or geographic location.
Jen Linton, founder and CEO of Glen Allen-based insurance technology company Fenris Digital, says it has been rare during her career to pitch for venture capital groups that had women or minority decision makers in the room. She advocates for angel investment groups that focus on female- and minority-
owned companies.
“There’s a lot of wonderful angel groups,” says Linton, who founded Fenris in 2016. “Virginia has many. If women could become investors in the angel sphere and direct some of their financial portfolio into this class of risk, that actually does a lot to improve the outcomes.”
In addition to shifts in how venture capital operates, incubators, accelerators and funds can also be part of the solution.
Debbie Irwin, managing director of Richmond-based startup accelerator Lighthouse Labs, says accelerators need to make sure that they’re going after diverse startups. Beyond refining business startups, she says, an accelerator needs to help develop founders in case their initial concepts don’t work out.
“We’ve trained that founder on the mindset and skill set needed to make that second or third or fourth [attempt] successful,” Irwin says. “We’re creating the kind of founders that VCs like to see.”
Irwin says that accelerators also need to prioritize companies with underrepresented founders and be mindful of the wording of application questions so they don’t deter potential applicants.
Then there are governmental efforts, like the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI), which provides funding to small businesses through equity and venture capital programs. Treasury has put specific metrics on each state based on demographics of howmuch of those funds must be allocated to female- and minority-owned businesses; Virginia’s goal is 33%.
VIPC, a nonprofit corporation established by the Virginia General Assembly to accelerate early-stage technology companies, will allocate more than $175 million in funding to support small businesses and the funds that invest in them through Virginia Venture Partners (VVP), its venture capital arm.
The Artemis Fund has applied to VIPC to be a fund manager of SSBCI funds in Virginia through VIPC’s fund of funds program. “This program that Treasury has is absolutely going to spur innovation,” says Campbell with Artemis. “Not only will we deploy the money that Virginia invested, [but] we’ll also bring our co-investors to
the table.”
Blair Durham, co-founder and president of Black Brand, a Black chamber of commerce for Hampton Roads, says groups like hers can help fill in knowledge gaps about funding and resources, and help female and minority founders with networking and accessing funds.
“We host demo days where our program participants are interfacing with up to 30 bankers from five to seven institutions, everything from credit unions to community development, financial institutions, which have an onus to serve underserved populations, as well as traditional banks,” says Durham.
While LaToria Pierce has yet to secure private equity or angel funding for Team Handoff, she did receive a $20,000 grant from Norfolk-based startup accelerator 757 Accelerate last July. She advocates that funders broaden their perspective to consider more diverse founders and says female and minority founders should be extra-prepared to pitch their businesses and raise capital.
“When you’re an underrepresented founder,” she says, “you have to come into this industry knowing that you’ll have a few extra steps to climb.”
Virginia’s startup scene is rich with new businesses as diverse as the regions of the commonwealth. Virginia Business asked startups to send us their best pitches for what makes their businesses innovative, and we’ve spotlighted some of our favorites.
AGRICISION Sedley
Co-founders:Diana and Ken Warren
Founded:2019
Capital raised:$110,000
Employees: 2 full-time, 4 part-time
Service provided:Proprietary drone mapping/pest detection software and drone manufacturing for the agricultural landscape
What makes your company different? Our all-in-one scan and spray drone is designed to transform agricultural pest management. This drone employs proprietary software to accurately detect, identify and verify pests (weeds, insects or diseases) across a crop field. Once a pest is located, the drone pilot has the freedom to make a real-time decision and spot-treat the area immediately or drop a geotag and return to provide treatment later. Additionally, our innovative mapping drone can relay data to sprayer drones in real time.
The pitch: Agricision was established in 2019 by farmers Ken and Diana Warren. Determined to protect their crop from a small problem that would quickly spiral out of control, the Warrens knew there were two options: spray the entire field or manage it by hand. Seeking a better way, they brought on a team to develop the next generation in precision agriculture spray drones. This year marks a significant milestone for Agricision by introducing our suite of drones, including our scout-sprayer drone, which will outperform other drones with its impressive 1-hour battery life.
Service provided: Diagnostic testing for male fertility
What makes your company different? Our IP-protected diagnostic and functional tests measure a newly identified biomarker that must be present on male sperm in order for it to fertilize a female egg.
The pitch: The PS Fertility story begins with a breakthrough discovery by two researchers at the University of Virginia concerning sperm and egg fusion in human reproduction. The novel discovery of a biomarker on the outer wall of some live, male sperm led researchers to uncover exciting, new and meaningful information about sperm function that quantifies the levels of fertilization-competent sperm. This information gives health care providers the only male fertility test measuring fertilization competency at the sperm-egg interface, which leads to better advice for couples on the likelihood of fertilization and then helps to guide fertility treatment options. The most used current tests are upstream of the sperm-egg interface and don’t correlate with the ability of a sperm to fertilize, thus our tests are a substantial leap forward in helping over 7 million couples annually better understand the impact of potential male-cause infertility.
Photo by Will Schermerhorn
LEXIQ Tysons
CEO: Samarth Gupta
Founded: 2023
Capital raised:$120,000
Employees:2
Service provided: Generative AI-powered contract drafting and analysis tool for in-house lawyers
What makes your company different? LexIQ is tailor-made for in-house lawyers working with commercial contracts, including NDAs, MSAs, SaaS, vendor, licensing and lease agreements. Our white-glove service enables you to fully customize your implementation with bespoke features while securely uploading your playbooks, templates and historical contracts data. We lead with security first — deployed on Microsoft Azure and compliant with SOC2 Type II and ISO 27001 standards.
The pitch: For in-house lawyers who spend hours drafting and analyzing contracts, we offer a GenAI-powered Word plugin that significantly reduces the time spent on contract negotiation. GenAI is rapidly emerging as a key driver in the legal tech market, projected at a compound annual growth rate of 9.1%
from 2023 to 2030, with the market value expected to reach $50 billion by 2027. Data indicates that 50% of legal transactional work will be automated by 2024, with legal tech budgets set to triple by 2025. Our five- to 10-year grand vision is to become a one-stop shop for all legal research and analysis. From our commercial contracts beachhead, we will expand to other verticals such as financial services (M&A, tax, construction, etc.) and intellectual property, while also expanding our services to cater to mid- and large-sized law firms.
Photo courtesy Laser Thermal
LASER THERMAL Charlottesville
Co-founders: John Gaskins and Patrick Hopkins
Founded:2020
Capital raised: $6.5 million
Employees: 17
Service provided:Nanoscale thermal measurements (for the semiconductor industry, among others)
What makes your company different? Laser Thermal is defining the future of thermal measurements leveraging recent advances in fiber optic technology to innovate solutions to challenging problems. These advanced measurement systems provide customers with infor-mation leading to increased yield, performance, efficiency and cost savings.
The pitch:While semiconductor logic and memory devices that are ubiquitous in everyday life have continued to shrink and become more complex, subse-quently generating more heat, measurement technologies to characterize how heat moves in and around these devices have not kept pace. At the same time, excess heat continues to be the leading cause of component failure in microelectronics, power electronics, and wireless technologies. Laser Thermal has brought the world’s most advanced thermal measurement technologies out of the academic lab into the commercial market, all while placing an emphasis on ease of use, throughput and automation. Our tools provide thermal measurements at scales that do not currently exist in the commercial market.
Service provided: Magazine Jukebox is a digital entertainment hub with magazines and games for businesses to offer their visitors.
What makes your company different? We are the only digital entertainment hub available for consumers to access via QR code or SMS without downloading an app.
The pitch: Magazine Jukebox is transforming digital entertainment for businesses worldwide. Our platform offers seamless access to games, magazines and trivia without the need for additional apps, streamlining the experience for customers and employees alike. Whether you’re a café, health care center or laundromat, Magazine Jukebox caters to diverse business needs. With a user-friendly interface and customizable options, businesses can effortlessly keep customers entertained while boosting brand loyalty and requesting Google reviews.
Photo by Caroline Martin Bookbinder
RECHARGED Richmond
Co-founder and president:John Foley
Founded: 2023
Capital raised: $1 million
Employees: 6
Service provided: A marketplace for buying and selling used electric vehicles
What makes your company different? We are entirely focused on the electric vehicle market and the unique needs of those buyers and sellers.
The pitch:Recharged is the future of used EVs. With data-driven insights, a unique and trusted “Recharged Score Report,” and solutions to all the challenges EV buyers and sellers face, Recharged is quickly becoming the trusted brand in our space. As a result, dealers have now started listing their used EV inventory on the Recharged platform, finding they can sell their used EV inventory faster and more profitably. These partnerships make our business more asset-light and scalable and create opportunities to monetize our other offerings. While many of our buyers and sellers already are coming from other states, our focus in 2024 is to fully serve all the dealers in Virginia and begin growth into our neighboring states.
Photo courtesy Klarivis
KLARIVIS Roanoke
Founder and CEO:Kim Snyder
Founded: 2019
Capital raised:$25 million
Employees: 62
Service provided: Data analytics for community banks
What makes your company different? KlariVis stands out in the realm of banking analytics solutions due to its origin and design ethos. Far from being just another analytics tool, KlariVis is a comprehensive bankwide dashboard and analytics solution crafted by bankers for bankers. KlariVis doesn’t offer a one-size-fits-any-industry solution. The team understands and addresses unique needs of community banks, having navigated the same challenges themselves. This allows them to deliver solutions that drive real results for the community banking industry.
The pitch:Community banks today grapple with a daunting data dilemma, navigating through vast amounts of siloed data in disparate systems. Converting this into actionable insights is crucial for enhancing customer service, optimizing operations and staying competitive amidst larger institutions and nonbank rivals. This is where KlariVis shines. Designed by seasoned bankers, KlariVis offers a transformative solution. Its platform seamlessly consolidates and organizes valuable data, presenting it through intuitive dashboards that provide clear and actionable insights. This real-time visibility empowers teams, driving efficiency, profitability and productivity organization-wide. KlariVis isn’t just a tool; it’s community banking’s strategic advantage. By enabling banks to maintain independence while effectively competing with larger national institutions, KlariVis emerges as the catalyst for success in today’s data-driven banking landscape
Service provided: Fringe is an ecosystem of 140 popular apps and services — from Airbnb to DoorDash to Talkspace — where employees can pick and choose benefits with points supplied by their employers.
What makes your company different? As the first platform for personalized lifestyle benefits, the goal of our service is to create a curated and customized experience for everyone involved. Unlike traditional employee experience programs, Fringe offers over 140+ well-being and lifestyle services in one space that’s easy to set up and manage. We have companies up and running within two weeks to jumpstart utilization and engagement. We are not a discount marketplace, nor an affiliate program, and our partners do not pay to
be listed.
The pitch: The Fringe well-being marketplace truly humanizes the relationship between employer and employee by allowing users to select products and services that employees can benefit from to live easier, better and more fun lives. Fringe boosts loyalty and engagement for companies while simplifying vendor administration for people leaders. Through Fringe, employers are able to deliver the power of choice by giving employees points to select those services — from mental health offerings to child care to grocery delivery and more — that best meet their needs and bring immediate value to their lives.
Jay Long and Alexandra McLeod. Photo by Will Schermerhorn
Service provided: Parlay is a software-as-a-service platform that helps community banks and credit unions approve more small businesses for loans. Using Parlay, lenders can get more SBA(7) loans funded efficiently, fill their applicant funnel and maximize their customer lifetime value while providing crucial support to business owners in their communities.
What makes your company different? The entire founding team is military veterans or military spouses, which guides our commitment to expanding inclusive access to the American dream. Parlay has a mission of expanding access to affordable access to capital for underserved small business owners nationwide.
The pitch: Three out of four small businesses find it hard to access affordable capital because they don’t qualify. With Parlay, leaders can quickly pre-vet and guide qualified applicants through the application process using our user-friendly system. For those not yet eligible, we don’t just say no — we offer a ‘not yet.’ Our unique platform helps these businesses improve their loan readiness and maximize their chances of future approval.
Service provided:Local wedding flowers in 60 U.S. markets, designed by Poppy and arranged by hand by one of our 700-plus network florists.
What makes your company different? We offer flexible and affordable pricing for wedding flowers, source direct from ethical farms to reduce waste, and we are the first national network of wedding and event florists of our kind.
The pitch: Poppy is the first online, full-service wedding florist bringing affordable, on-trend, locally arranged wedding flowers to couples in 60 U.S. markets. With more than 4,000 clients since 2020, we are the largest full-service wedding florist in the country.
Service provided: Cape is a mobile carrier that provides nationwide 5G and 4G cellular coverage with added privacy and security.
What makes your company different: At Cape, we believe privacy and security are inherently valuable. We ask for minimal personal information and store sensitive credentials locally on your device, not on our network. We build software features that solve hard problems related to privacy, security and resilience on the global cellular network. That’s privacy by design, and we apply this thinking to everything that we build.
The pitch: Cape is America’s privacy-first mobile carrier. We are tackling an enormous set of problems that exist due to the rise of smartphones and mobile networks as a primary avenue to accessing the internet. Nearly three out of four Americans are more concerned about data security now than they were a few years ago. A majority are taking action by adjusting settings and purchasing privacy-related services for their phones and apps, but until now they have had no control over the risks inherent in the underlying cellular networks they use to access the internet. We founded Cape to help American consumers take back control of their mobile identities so they can be connected without compromise.
Service provided: RVA Hot Wheelz is the state’s pioneering and sole Polaris rental provider, offering Slingshot rentals in the Richmond area. Our rental options for these three-wheeled vehicles are flexible, allowing customers to rent by the day or hour.
The pitch: Experience the thrill of the open road like never before with RVA Hot Wheelz. Our partnership with Polaris Adventures ensures top-of-the-line vehicles and expert guidance, guaranteeing a safe and unforgettable experience every time. At RVA Hot Wheelz, we cater to thrill-seekers, adventure enthusiasts and anyone looking to make lasting memories, whether they’re planning a solo ride or a group outing. Discover the ultimate road trip excitement in Richmond.
On April 30, the night police raided Columbia University’s campus, arresting more than 100 protesters and keeping about 50 students and faculty members cooped up for several hours in Pulitzer Hall, where the annual journalism prizes are announced, it was pretty quiet at the University of Virginia.
According to a Cavalier Daily student reporter’s tweets April 30, about 70 people gathered near U.Va.‘s chapel with signs expressing support for Palestinian freedom and opposing Israel’s military attacks on Gaza. U.Va. Police Chief Timothy Longo stopped by and told the group that as long as no one erected tents, he didn’t have a problem with the gathering.
On the afternoon of May 4, though, police from at least three agencies arrived on U.Va.’s campus in riot gear and sprayed a few dozen protesters with chemical irritants to make them disperse, while other people watched and filmed the clash, uploading videos to social media. In the background, people chanted, “Shame on you!” Some online commenters wondered why the police didn’t show up in riot gear when white supremacists marched on campus in 2017.
According to media reports, 27 people were arrested at U.Va. on May 4. In a letter to the university later that day, President Jim Ryan wrote that the decision to bring in outside police agencies came after Longo had issued a final warning to protesters.
Among university administrators’ stated concerns was that people had erected tents without a permit — an exemption for recreational tents was removed the morning of May 4, U.Va. officials acknowledged — and that “individuals unaffiliated with the university” had joined protesters, which Ryan called a security risk.
“When [university police’s] attempts to resolve the situation were met with physical confrontation and attempted assault,” Ryan wrote, “it became necessary to rely on assistance from the Virginia State Police.”
In the days following the confrontation on the Lawn, faculty and staff in the English, history, medical and religious studies departments wrote letters critical of Ryan’s decision to involve state police, and they have been joined by multiple student organizations.
Oludamini Ogunnaike, an associate professor of African religious thought and democracy, resigned from U.Va.’s Religion, Diversity and Belonging Task Force on May 5.
“The administration had other choices but made one of the worst choices available to them: They chose violence, chaos and disorder,” Ogunnaike wrote in a letter he made public. Ryan’s statement, he added, was “misleading at best and mendacious at worst. As anyone who was actually present at the protest site could attest, the only safety concerns that day came from the police, not the protesters; there were no ‘outside agitators,’ only community members, faculty and staff who showed up out of concern for the students’ well-being.”
The May 4 arrests and police confrontation showed that U.Va. is not immune to a trend of protests this spring at college campuses across the nation, where more than 2,300 people have been arrested in connection with protests over the Israel-Hamas war in Gaza, which has claimed the lives of more than 34,000 Palestinians, mostly civilians, including nearly 7,800 children, according to the United Nations. Israel’s military action was sparked by Hamas’ Oct. 7, 2023, attack on Israeli civilians that resulted in the killings of 1,139 people, with more than 240 others taken hostage.
Student protests have also become a hot button issue on Capitol Hill and in this year’s presidential election, with legislators on both sides of the aisle and President Joe Biden decrying rising antisemitism.
On May 1, a group of U.Va. students gathered around Muslim students who prayed during a May Day protest on the university Lawn. Photo by Jay Paul
“On college campuses, Jewish students [have been] blocked, harassed, attacked, while walking to class,” Biden said in a May 7 speech. “Antisemitism, antisemitic posters, slogans calling for the annihilation of Israel, the world’s only Jewish state. Too many people denying, downplaying, rationalizing, ignoring the horrors of the Holocaust and Oct. 7. … It is absolutely despicable, and it must stop.”
Some politicians — including Biden and U.S. Sen. Tim Kaine — also have emphasized that people have the right to protest so long as they are peaceful and follow local and federal laws.
Despite the May 4 arrests, U.Va. has experienced much less disruption and strife than at other universities — even in Virginia. At Virginia Tech, Virginia Commonwealth University and the University of Mary Washington, 107 people, including 68 students, were arrested at protests in late April.
And yet, there’s been so much rhetoric and prose about “wokeness” at the state’s flagship institution that a casual observer would get the impression that Mr. Jefferson’s University was a hotbed of radicalism and antisemitism.
That’s simply not the case, U.Va. students, faculty members and administrators say. And some go further, arguing that The Jefferson Council — an organization founded by conservative university alumni — and a group of university parents are working to chill free speech by those they disagree with about the Israeli war.
In late March, the underlying dispute over pro-Palestinian protests reached a new level of intensity at U.Va. as a digital billboard truck on campus ran messages calling for Rector Robert Hardie to resign, charging that he “won’t confront antisemitism” and is “unfit to lead U.Va.” It’s not clear who hired the truck, and a university spokesperson described the messages as false and offensive in a statement.
Also unclear is whether the debate over antisemitism at U.Va. is due to pro-Palestinian protests on campus or outsiders playing up allegations for their own political purposes. Either way, it’s become a major public issue for U.Va.’s administration and board.
And for a few U.Va. faculty members and one undergraduate student who were publicly named in a document accusing them of being antisemites, it has become deeply personal.
Meanwhile, the political bent of the university’s governing board of visitors is a big question on the minds of some U.Va. community members, as Republican Gov. Glenn Youngkin’s appointees are poised to make up two-thirds of U.Va.’s board in July.
A letter to the rector
This spring, the parent of a Jewish U.Va. student, writing on behalf of a few other Jewish university parents, sent a letter to Hardie criticizing the university’s approach to pro-Palestinian protests, as well as U.Va.’s statement that it was investigating the origins of the digital billboard truck.
The missive included a document listing 37 alleged incidents of on-campus antisemitism during the 2023-24 academic year — ranging from reports of anti-Jewish slurs and physical assaults on Jewish students to objections against university-sponsored speakers discussing the Israel-Palestine conflict in historical terms.
On April 4, The Jefferson Council posted an article describing the letter and linked to the 11-page document, which Executive Director James A. Bacon Jr. wrote was compiled by the parents’ group. The letter’s author, Julie Pearl, told The Daily Progress that the alleged antisemitic incidents were “observed and … [reported] by students,” but sources were not cited for some of the reports, and Bacon acknowledged to Virginia Business that he did not attempt to verify the reports before publishing.
The Jefferson Council argues that recent student demonstrations focused on the Gaza war, racial justice and LGBTQ+ rights are all part of a new wave of “wokeness,” and that this trend is quashing free speech for conservative students at U.Va.
Some of the reported incidents in the parents’ document were familiar to readers of the council’s website, which has championed the cause of Jewish U.Va. freshman Matan Goldstein, who filed a federal lawsuit on May 17 against the University of Virginia, its president and rector, and two pro-Palestinian organizations, alleging that he was “a victim of hate-based, intentional discrimination, severe harassment and abuse, and illegal retaliation” at U.Va. Goldstein was interviewed in March by The Daily Progress and CBS19 News in Charlottesville about antisemitic verbal and physical attacks he said occurred multiple times on campus, even before the Oct. 7, 2023, attack by Hamas. His attorney declined an interview request from Virginia Business on Goldstein’s behalf.
Bacon co-founded The Jefferson Council in 2020 with another U.Va. alumnus, Bert Ellis, whom Youngkin named to the U.Va. Board of Visitors in 2022. Ellis has been at the center of several ideological disputes over the past four years, starting with his attempt in September 2020 to remove a student’s sign from her Lawn room door that criticized U.Va. with a profane word. Ellis, who did not respond to requests for comment for this story, stepped down as president of The Jefferson Council when he was named to U.Va.’s board. However, his public statements as a board member and those from the council often are aligned ideologically.
U.Va. protesters created signs showing their opposition to Israel’s military offensive in Gaza, which has claimed more than 34,000 lives, as of mid-May. Protest photo by Jay Paul; U.Va. Rotunda photo by Adobe Stock
Bacon was Virginia Business’ founding editor from 1986 to 2002 and in 2004 started the Virginia conservative website Bacon’s Rebellion, which takes on similar social and political controversies as The Jefferson Council.
In addition to some faculty members, one undergraduate student, Ali Jarrah, is named in the parents’ document because he emailed a few professors to promote a six-week film series focused on Israel and Palestine that was co-sponsored by U.Va.’s Jewish Studies department, Jarrah confirmed in an interview.
Two faculty members in the Jewish Studies department slated to participate at one of the six events are named in the same complaint and labeled “pro-Palestinian and antisemitic and therefore unlikely to provide a balanced view.”
Meanwhile, first-year student Goldstein alleged in a March interview with CBS19 that he has been called “a filthy Jew” and a “bloodthirsty human being” by other U.Va. students, in addition to being pushed and shoved at an October 2023 pro-Palestine protest on campus.
In April, Goldstein was investigated on U.Va. Honor Committee charges that he lied about being assaulted on campus in the CBS19 interview, according to reports by The Jefferson Council and the Foundation Against Intolerance and Racism, or FAIR, a nonprofit group started in 2020 that has opposed diversity, inclusion and antiracism initiatives.
In May, FAIR reported that the honor code probe was dropped due to lack of evidence.
An apology and correction
Also on the parents’ list was Ian Mullins, an assistant professor of sociology at U.Va. since 2019. He was listed incorrectly as having shown a video in class of the bombing of an Israeli town and voicing support for Hamas terrorists, something he did not do, Mullins says in an interview.
After contacting his department chair and others employed by the university, Mullins received an apology from the parent who compiled the list. Bacon also ran a correction about it on the Jefferson Council site, although he added that the council “disclaims any responsibility for the error.”
Despite not verifying the parents’ claims in the document or contacting the people named in it, Bacon says, “We were familiar with some of the incidents, and the incidents we were familiar with, we thought they were accurate. We just assumed that everything was accurate. That was probably, you know, a mistake on my part as the editor.”
He adds, however, that he believes everything else on the list — apart from Mullins’ inclusion and the characterization of the two Jewish Studies faculty members as “antisemitic,” which they disputed — is correct because no one has contacted him for corrections. Nevertheless, Bacon adds, “we didn’t know if there were any other issues lurking in the list, so we just took it down.”
Like Jarrah, Mullins learned about his mention on the list from someone else contacting him about it, but Mullins says he’s familiar with The Jefferson Council because a council member, Walter Smith, previously sent him Freedom of Information Act (FOIA) requests for his class syllabuses and personal text messages discussing U.Va. (Bacon confirmed the FOIA requests with Virginia Business.)
A nontenure-track sociology professor who specializes in U.S. conservative politics and its history, Mullins teaches classes on racism and the “big introductory course to sociology,” often attended by more than 100 students per class.
“So, this isn’t the first time … people associated with The Jefferson Council have targeted me,” Mullins says. “I’m also not that important at U.Va. I’m an assistant professor [who] teaches classes in sociology.” Next year, he says, he is in line to receive a promotion that will hinge on approvals of his department, the College of Arts and Sciences and, ultimately, the board of visitors. Mullins hopes the changing composition of the 17 voting members of the board — which will include 13 Youngkin appointees as of July 1 — will not affect his prospects.
“I do think, given the strength of my record, to deny me promotion will be difficult,” he says. “And if they do it, the question will be, on what grounds? I can’t be denied promotion as an act of political retaliation.”
Jarrah thinks The Jefferson Council’s post and its amplification of the parents’ list of alleged antisemitic incidents chills free speech on campus, as does Mullins, who says that because the list was sent to the university’s rector and reached U.Va.’s president, it potentially threatens the jobs of named faculty members.
Some professors, he adds, “feel like we’re one [blog] post away from being on some meme account that will bring harassment, that will bring death threats. Not everyone does everything right, but I’ve worked with a lot of people who are really committed to the students we serve.”
‘Four guys and a dog’
Meanwhile, among U.Va. board members, administrators and academic leaders, there are multiple opinions on the situation. Hardie wrote in an email to Virginia Business that he is “committed to serving the university, with which I have a long and happy history, for the full duration of my term,” which is set to end in 2025.
But Tom DePasquale, who will rotate off the board at the end of June after two terms, is steamed about the rhetoric surrounding antisemitism and Gaza protests at U.Va.
“We have some people that just aren’t being intellectually honest with what’s going on. This whole controversy revolves around a handful of people either creating it or making noise about it,” says DePasquale, calling The Jefferson Council “four guys and a dog that appointed themselves to save the university. Listen, there is not a person employed at U.Va. that wants anyone to feel unsafe. There is no chronic issue. You’re going to see that we’re talking [about] a couple of families [complaining about antisemitism on campus].”
Earlier this spring, the board of visitors discussed reports of antisemitism on campus, and Ryan privately met with a group of four Jewish parents and four students, according to news reports.
Between the start of the 2023-24 academic year and mid-April, Ryan says, the university received 26 reports “potentially related to antisemitism,” which were “thoroughly investigated.” However, neither U.Va.’s Office for Equal Opportunity and Civil Rights nor university police “identified evidence that would support additional adjudication, including disciplinary actions or criminal prosecution.”
Patricia A. “Tish” Jennings, a professor of education at U.Va.’s School of Education and Human Development who was the board’s nonvoting faculty member this year, says that what she observed this year at U.Va. was “mild” compared with her experiences at San Francisco State University several years ago. That university was sued by Jewish students who claimed it had allowed antisemitism to go unchecked.
Nevertheless, she notes, “there has definitely been an uptick of student complaints about antisemitism” at U.Va., “so that is real.”
U.Va. Center for Politics Director Larry Sabato, who witnessed a mob of tiki torch-wielding white supremacists invade the Lawn in August 2017 as they chanted “Jews will not replace us,” says that he doesn’t know what everyone on Grounds has experienced or felt during the Gaza protests — mainly because U.Va. is “a huge institution.”
However, Sabato adds, “Generally speaking, people do not appreciate others coming from outside … and suggesting that they do X, Y and Z. They just don’t like that. Universities are full of independent, headstrong people.”
It’s incorrect, many administrators and faculty members say, to assume that every Jewish student at U.Va. feels the same way about Israel’s military actions or The Jefferson Council’s views on campus protests.
In early April, the Jewish Leadership Advisory Board, a student-led group governing U.Va.’s chapter of the Hillel organization for Jewish campus life, wrote a letter to U.Va.’s board that was obtained by student newspaper The Cavalier Daily.
“We acknowledge that antisemitism is a top concern at U.Va., especially among parents, although it is not as widespread as some outside of the university community believe,” the letter says. “It saddens us to see concerted efforts to exploit Jewish students as pawns for political agendas. Such efforts threaten the safety and well-being of Jewish students.”
Asked about the students’ complaint, Bacon says, “I don’t know who’s exploiting them for political agendas … so, I’m sorry, that’s just meaningless verbiage. We have taken up the cause for Jewish students at U.Va. because it is the most prominent example of the double standards that are applied at U.Va.”
Jim Murray Jr., a former U.Va. rector and outgoing board member, says he’s observed that today’s college students are extraordinarily committed to issues they consider important, including the war in Gaza, Black Lives Matter and LGBTQ+ rights — and even going back to Vietnam War protests when he was a student.
“The same things come around and around again,” he says. “They have a different name, but the students were equally engaged. They cared deeply and strongly. They felt their lives were at stake.”
At a glance
Founded:Sometimes called Mr. Jefferson’s University or just The University, U.Va. was founded by Thomas Jefferson in 1819. Its first board of visitors included Jefferson and fellow U.S. Presidents James Madison and James Monroe.
Campus:With roughly 1,240 contiguous acres around its UNESCO World Heritage Site campus or “Grounds,” U.Va. is known for its distinctive Jefferson-designed Rotunda building located on the Lawn, the school’s 4.5-acre grass quad where graduations are held. U.Va.’s other major holding is the University ofVirginia’s College at Wise, a four-year liberal arts college in Southwest Virginia.
2023-24 enrollment
17,618 undergraduate students 8,326 graduate students 5% international undergraduates;
19% international graduate students 35% minority enrollment 67% in-state undergraduate students
Employees
Approximately 4,900 faculty, 16,000 staff and 10,300 UVA Health staff
Academic programs
Notable for its medicine, law and business schools, U.Va. offers more than 200 majors across 12 schools.
Tuition, fees, housing and dining*
Includes average room and board, education and general fees, plus books, travel and personal expenses.
It has been almost four years since I began leading economic development and innovation efforts at George Mason University, and what a whirlwind! This is an exciting time to be in Virginia, and getting to do this job every day feels like winning the lottery.
It all started with the Amazon.com HQ2 win in 2018, leading to the buildup of George Mason’s Institute for Digital InnovAtion on our Mason Square campus in Arlington, and the opportunity to leverage the 10 programs George Mason operated to support the entrepreneurs of today and tomorrow.
Focused on continuous improvement and building an ecosystem with more partners, bringing in more resources to Virginia, George Mason now has 24 entrepreneurial support programs — and growing — to match the pace and type of technologies expanding in Virginia.
Here’s what the Virginia ecosystem lookslike through the eyes of a not-so-newbie who came here from Michigan:
1. Northern Virginia’s transient culture has made it very welcoming. This creates a nice culture that extends to attracting entrepreneurs from outside Virginia. I’m eternally grateful to all the people in the business and economic development communities who provided introductions and offered to help. When we launched the large-scale annual Accelerate Investor Conference in 2022, it was a marvel to see how the community came together to help pull in, screen and prep tech companies to pitch investors nationwide.
2. Public universities have significant opportunities to leverage assets and collaborate. There is no 800-pound research university gorilla in this state. This means the door is open to mutually beneficial collaboration across institutions. The people involved in moving laboratory technologies to market come from an incredible array of world-class educational, business and government backgrounds. Virginia does a great job of leveraging the government as a customer (the world’s LARGEST customer).
3. The commonwealth has core assets that other states dream of having. Virginia’s economic development talent at the local and state levels is very impressive. The counties play a large role here in developing the regional economy, and I am blown away at their capacity to collaborate. I get really excited when we all discuss the buildup of the knowledge economy here and each “next” exciting program to leverage our assets.
4. We have the same problems but more opportunities than everyone else. I get together a couple of times a year with leaders of tech economies in the nation’s hot spots. Every region in the country will tell you they can’t get enough talent. That’s why I particularly love working for a university where most students are from the region and stay here after they graduate — that’s a real economic growth cycle. George Mason was the first to offer cybersecurity and cloud computing as degrees that were built in partnership with the businesses located here. Also, our faculty and students seem to seamlessly move between joint classes, certifications and entrepreneur programs.
5. We are at the epicenter of the next evolution in tech. Large companies and startups alike are joining in the AI race, and Virginia is singularly at the center of policy, law, defense and digital innovation in a way that other economies wish they could be.
We’re in a global race, and if we want to take a global role, we need to execute strategies that lead the way. Amazon HQ2 is the perfect example of a collaboration between state and regional governments that turned the tide for this economy by leaning heavily into the universities to build out and reach their potential as powerhouses.
Paula Sorrell is associate vice president for innovation and economic development at George Mason University. She directed the University of Michigan’s Economic Growth Institute before joining George Mason in 2020.
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