Bain Capital is getting some of its money back on Air Medical Group Holdings.
The two East Coast venture firms have been posting stellar returns, boosted in large part by investments they’ve made together. The latest case in point? Tumblr, first backed when it was a two-person operation.
Develop the right product at the right time for the right market and, when you do, the outcome is more predictable than you might imagine, says Andy von Bechtolsheim, the Silicon Valley sage who co-founded Sun Microsystems and famously invested early in Google.
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Today, First Read brings you links to some of the top jobs in tech, a VC deals round-up, what kids really like and reveals the cars with the most safety complaints.
Yahoo’s $1.1 billion purchase of blogging site Tumblr is the largest exit of a pre-public venture-backed New York-based company in the city’s history, according to CB Insights.
Alok Singh, a long-standing executive of New Mountain Capital, has left the private equity firm, which is currently raising its fourth fund.
Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP, according to a government filing…
Will Griffith, a venture capitalist who spent a dozen years with Technology Crossover Ventures, is raising a fund for a firm called Iconiq Strategic Partners.
Since Yahoo announced it was acquiring Tumblr, venture capitalists have probably pondered how the deal impacts the value of their stakes in still-private social networks like Pinterest. The early consensus is that it’s good news, indeed.