Posted on: August 4, 2011 by Lawrence J. Aragon
As you are well aware by now, the stock market plunged today on fears that the U.S. economy is slipping back into a recession and concerns about a debt crisis in Europe.
It was the biggest selloff in two years, with the Dow and the S&P 500 both declining by more than 4% and the Nasdaq falling by 5 percent.
I was curious how this year’s crop of VC-backed companies fared in the correction, so I took a look at the performance of 2011′s 10 largest IPOs of U.S.-based VC-backed companies. Given that I was expecting to find a bloodbath, I
Posted on: February 25, 2011 by joanna
When it comes to global IPO activity, 2011 has seen the liveliest start to a year on record. So far this year, companies have raised $24 billion, up 20% from year-ago levels, according to Thomson Reuters. China leads in volume, accounting for 41% of new issue activity, followed by the United States at 35% and [...]
Posted on: February 18, 2011 by Lawrence J. Aragon
Want to catch up on what your colleagues found most interesting on peHUB over the past five days? Here are the posts from peHUB staffers with the most pageviews from Feb. 14 to Feb 18.
1. It’s Not a Bubble, People; It’s a Pyramid Scheme – by Connie Loizos, posted on Feb. 17.
2. Sequoia Capital India in Turmoil – by Mark Boslet, posted on Feb. 14.
3. Private Equity Steers Back to Auto Industry – by Mark Boslet, posted on Feb. 14.
4. Joncarlo Mark Resigns From CalPERs – by Gregory Roth, posted on Feb. 15.
5. Here We Go Again: Obama Proposes Hiking Carried Interest Tax – by Bernard Vaughan, posted on Feb. 14.
6. Razorfish and McCann Execs on What Brands Are Generally Doing Right, and Wrong, With Social Media – by Connie Loizos, posted on Feb. 14.
7. Carlyle Taps Friedman As Its Next CFO – by Luisa Beltran, posted on Feb. 14.
8. Another Unprofitable (But Growing!) Web Company Files Its S-1: Active Network – by Connie Loizos, posted on Feb. 15.
9. Judge Delays Del Monte Sale, Chastises Barclays – by Luisa Beltran, posted on Feb. 15.
10. Poll: Is Mark Cuban Right About Internet Pyramid Scheme? – by Lawrence Aragon, posted on Feb. 17.
Posted on: February 15, 2011 by Connie Loizos
The Active Network, a San Diego-based holding company that runs numerous fitness and outdoors oriented Web sites, has filed to go public. It is planning to sell about $150 million of common stock to repay debt. Since its 1999 founding as a registration site for endurance races, the company has garnered north of $200 million [...]
Posted on: May 4, 2010 by Dan Primack
It’s been 13 years since Mitch Thrower helped launch The Active Network, an online community and application technology provider for the active lifestyle/sports market. Now he’s back with Bump.com, a reverse communications platform that “allows consumers and companies to communicate with people and vehicles via unique identifiers.”
Thrower’s new company so far has raised $1 million in seed funding, from Digimedia, Tal Kerret (chairman of Oberon Media), Christophe Vandaele (chairman of Vandaele Holdings), Charlie Baker (partner with DLA Piper), Bill Hein (former SVP at EMI) and Bob Ezrin (music producer). It also is in talks to raise a $6 million Series B round and has made an acquisition in the imaging technology space.
“Bump is like AAA meets Facebook meets communications infrastructure,” Thrower says. “Kind of like a national, social-networked 1-800-How’s-My-Driving?”
Posted on: January 23, 2009 by PEHub Administrator
The Active Network, a San Diego-based online community and application technology provider for the active lifestyle/sports market, has agreed to acquire campground reservation provider ReserveAmerica from IAC (Nasdaq: IACI). No financial terms were disclosed. Active Network has raised over $275 million in VC funding, from groups like ABS Ventures, Austin Ventures, Canaan Partners, Charles River Ventures, Dominion Ventures, ESPN, Kettle Partners, Enterprise Partners VC, North Bridge Venture Partners and Ticketmaster