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peHUB First Read

To start your week, First Read has the political evolution of Sean Parker, big mutual funds becoming venture capital investors and seven limits Congress should impose on a Comcast/Time Warner merger.

The Chosen One? NYSE Plays Coy on Facebook Plans

The New York Stock Exchange and Nasdaq have always been fierce competitors, but as different accounts surface about which exchange Facebook has chosen or is about to choose, the public relations’ battle appears to be heating up. At least, the New York Stock Exchange seems eager to send a message to potential future issuers in […]

Slideshow: How This Year’s 10 Biggest VC-Backed IPOs Fared In The Market Plunge

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

Pandora Fails to Reassure on Royalties

(Reuters) – Shares of Pandora Media Inc dropped nearly 4 percent on Tuesday after the online radio company said it will not renegotiate fees paid to music companies until 2014, offering little comfort to investors worried about hefty royalty charges. The Internet music-streaming service operator said on its first analysts’ conference call that improved margins […]

Top 10 Hub Posts This Week Focus On Accel Returns, Michael Arrington, Hot VC Markets

What was hot on peHUB this week? Posts that garnered the most pageviews from regular readers from June 20 to June 24 included reader opinions about the SEC’s registration carve-out for venture capital firms; returns generated by Austin Ventures and Morgenthaler provided by UTIMCO (for the second week in a row); and the top five strategic buyers of sponsor-backed companies; and more.

1. Accel-erating Returns at the Top-Tier VC, by Jonathan Marino

2. UTIMCO Holds 7 Austin Ventures Funds, 4 of Which Have Negative IRRS, by Mark Boslet (subscribers only)

3. New Venture Commitments Fall at UTIMCO, by Mark Boslet

4. The Flame-Throwing History of Michael Arrington, by Connie Loizos

5. IRRs for Eight Morgenthaler , Courtesy of UTIMCO Funds, by Mark Boslet (subscribers only)

6. Cloud, Social Media, Health Services Top List of Hottest Venture Markets, by Mark Boslet

7. 5 Top Strategic Buyers Of Sponsor-Backed Companies, by Bernard Vaughan

8. Winklevoss Twins Give Up Facebook Appeal, by Jonathan Stempel

9. Top 10 Winners in Pandora’s IPO, by Lawrence Aragon (subscribers only)

10. TALK BACK: The SEC Defines Venture Capital, by Jonathan Marino

Poll Results: Nearly 75% Think We ARE In an Internet Bubble

In case anyone is wondering, we are in an internet bubble.

That’s according to the results of our weekly poll. Yesterday, we wanted to know if our readers thought we were in another bubble (the first Internet bubble, the so-called “dot. com bust” occurred early in the last decade). A very resounding 74.6% think we are in a bubble. Of course, this means that 25.4% don’t think we are.

So why all this hyped-up bubble talk? Because Pandora Media, which is unprofitable, went public this week and did okay (Of course, Pandora’s shares yesterday fell below their offer price so maybe some people are worried). Pandora’s IPO followed the rousing debut from LinkedIn, which rocketed 109% in its first day. Fusion-io and Yandex (the Russian Facebook) also did well in their market debuts. Groupon is expected to go public soon (despite its losses) and could have a $25 billion valuation.

Pandora IPO Surges 9%, VC Stakes Worth $1.84 Bln–UPDATED

Pandora Media went public today and shares of the online music service initially popped more than 60% before coming back down to earth.

Yesterday, Pandora sold 14.7 million shares at $16 each, above its $10 to $12 price range. Morgan Stanley is lead bookrunner on the deal. Other underwriters include JP Morgan, Citi, William Blair & Co., Stifel Nicolaus Weisel and Wells Fargo Securities. The underwriters have the option to buy an additional 2.2 million shares.

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