“Cross pollination” of expertise between portfolio companies on “VC platforms” is one area where organized groups of VC and angels provide value to companies beyond simply capital.
It is especially pleasing to see local examples of portfolio companies being mutually supportive. Two VentureSouth companies, Pharmright and Zipit, announced today their development partnership. Zipit‘s expertise in Internet of Things communications fits perfectly into the Livi – allowing Livi’s operators to securely and accurately monitor medication and patient interaction. Zipit gives more detail here, and the Charleston Post & Courier provides some more context for how this partnership helps seniors and others on multiple medications.