clippers
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peHUB Second Opinion

In Second Opinion, Twitter’s Q1 results beat expectations but the stock still dives, it seems like everyone wants to buy the Los Angeles Clippers and RadiumOne explains why it took so long to fire its CEO,

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Nexus Venture Partners, BDC and Mark Cuban back Procurify

Procurify has received $1.2 million in seed funding. The investors included Nexus Venture Partners, Mark Cuban and the Business Development Bank of Canada. Based in Vancouver, British Columbia, Procurify is a cloud procurement software company.

SparkLabs, a Startup Accelerator in South Korea, Launches with Help from Mark Cuban and Vint Cerf

SparkLabs, a new startups accelerator based in Seoul, South Korea, has launched with the goal of strengthening ties between Korea’s entrepreneurs and the rest of the world. SparkLabs will provide a similar model to Y-Combinator and TechStars while focusing on Korean startups in the Internet, online gaming, mobile, and digital media sectors. Among its mentors are […]

Mark Cuban, The Champ, Sounds Off

NBA champion Dallas Mavericks owner Mark Cuban likes early-stage startups. He doesn’t like the Miami Heat, who his Mavs will square off against when the league kicks its season on Dec. 25. And, from the sound of it, he still doesn’t much care for Box.net’s prospects, either. I caught up with Cuban after his keynote […]

Mark Cuban Backs Mention Mobile

Mark Cuban has put $250,000 into Los Angeles-based social gaming company Mention Mobile, the company announced Tuesday. Cuban, owner of the NBA champion Dallas Mavericks, will be given a minority equity stake in the company. Mention Mobile was formed in 2010.

BlueCava Gets $9.5M From Mark Cuban, S3, Tim Headington

BlueCava said it closed of a $9.5 million round of new funding. Venture capital firm S3 Ventures led the $9.5 million round. Existing investors Mark Cuban and Tim Headington participated. Irvine-based BlueCava develops device identification technology. PRESS RELEASE BLUECAVA ANNOUNCES $9.5 MILLION IN NEW FUNDING LED BY S3 VENTURES Mark Cuban and Tim Headington participate […]

As The Patent Wars Escalate, Investors Worry About Jobs At Startups

Give Google credit for lighting the fuse with its harangue last week entitled “When Patents Attack Android.” Now investors and entrepreneurs are weighing in on the heels of a Department of Justice probe. This weekend, Dallas Mavericks owner Mark Cuban offered a scathing assessment of the troubled patent system on his blog when he claimed […]

Mark Cuban Funded BlueCava Raises Another $1.5M

BlueCava, the device recognition startup funded by billionaire Mark Cuban, raised another $1.5 million in debt financing, according to a filing with the Securities and Exchange Commission. In October, the Irvine, Calif., company closed a $5 million round led by Cuban, owner of the Dallas Mavericks basketball team. Timothy Headington, founder of the oil and […]

Top 10 peHUB Posts This Week

1) It’s Not a Bubble, People; It’s a Pyramid Scheme, by Connie Loizos

2) Scoop: Peter Wagner Parts Ways With Accel After Nearly 15 Years, by Alastair Goldfisher

3) Halsey Minor Sticks It To Virginia, Again, by Connie Loizos

4) ‘Goldfinger’ Hits $732M On 2nd Mount Kellett Fund, by Gregory Roth

5) Oak Hill To Make Back 40% of Dave & Buster’s Investment in Nine Months–UPDATED, by Luisa Beltran

6) Riding High On Q4 Profit, KKR Expects To Fully Deploy ’06 Fund, by Luisa Beltran

7) J-Dubs Redux: Beaten Abandoned, & Left For Dead, J.W. Childs Is Back, by Bernard Vaughan

Top 10 peHUB Posts This Week

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.

Yep, Cuban Is Right about Internet Pyramid Scheme — peHUB Poll

We asked you to weigh in on Connie Loizos’s post about Mark Cuban’s take on the mania over certain Internet companies, such as Facebook, Twitter and Zynga. Cuban says we’re really not in a new Internet bubble. Instead, we’re seeing “the 2011 version of a private equity chain letter.” The early investors in these companies will do just fine, but the last VC who comes in at an insane valuation is going to be left holding the bag, Cuban says.

So far, more than 1,200 of you have taken our survey. (It’s still open. If you want to get in on the action, scroll down to the bottom of this post.)

You overwhelmingly answered yes to Question 1: “Mark Cuban says the current mania over certain Internet companies (such as Twitter and Facebook) isn’t a bubble, but more like “a private equity chain letter.” And some sad sack is going to end up holding the bag. Is he spot on or off the mark?” At last count, 1,175 of you (or 94.2%) said Cuban was spot on. Just 73 (or less than 6%) said he was off base.

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It’s Not a Bubble, People; It’s a Pyramid Scheme

Mark Cuban knows a thing or two about bubbles, having profited handsomely from an earlier Internet boom. But ask him if we’re seeing Bubble 2.0 and he’ll give you a different theory. “It’s almost the 2011 version of a private equity chain letter,” says Cuban, who sold Broadcast.com to Yahoo in 1999 for $5.7 billion […]

2 Comments

Is Mark Cuban Right About Internet Pyramid Scheme?

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

Connie Loizos hit a nerve with her post today about Mark Cuban‘s take on the current mania over certain Internet companies, such as Facebook, Twitter and Zynga. Cuban says we’re really not in a new Internet bubble. Instead, we’re seeing “the 2011 version of a private equity chain letter.” The early investors in these companies will do just fine, but the last VC who comes in at an insane valuation is going to be left holding the bag, Cuban says.

Mark Cuban Cleared of Insider Trading Charges

Six weeks after the SEC’s inspector general began probing claims that staffers acted improperly while compiling a case against self-made billionaire Mark Cuban, the agency’s insider trading case has been thrown out. Tweeted Cuban earlier: “Its been a great day so far, and its only going to get better! Back to Dallas to see the [family].” It was […]

Smash Makes a Splash with Backing from Mark Cuban

Two-year old Smash Technologies, whose SMS messaging platform is designed to provide businesses with smarter ways to reach their customers, has raised raised a $1.35 million seed round led by tech entrepreneur, investor and Dallas Mavericks’ owner/superfan Mark Cuban.

The company, which has an office is San Francisco, is headquartered in Pittsburgh, Cuban’s home town. Among those to try out its services are McDonalds, the Harlem Globetrotters, and the Miller Brewing Company.

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