Mark Lonergan commented on the post, Tim Draper to cut back role at Draper Fisher Jurvetson – Reuters, on the site PE Hub 3 years, 3 months ago
A sad day.
Tim is one of the Lions of Sand Hill Road, the architect of a whole new way of doing venture capital. A lot of much younger GPs could learn a lot from Tim. Low ego, huge energy and a passion for […]
Mark Lonergan commented on the post, Hilco’s Karabus: Five risks PE firms need to consider when buying a retailer, on the site PE Hub 3 years, 3 months ago
“Know your management team”.
True words, that. Most PE firms spends thousands of man-hours working on products, valuations, financial planning etc and spend MINUTES with top executives in the company. When […]
A great article. What started the downward slide in the 1999 time frame was arrogance. GPs went to working four-day weeks and only eight months a year. They ‘attended’ company board meetings by phone. […]
Mark Lonergan commented on the post, The Honest Company, co-founded by Jessica Alba, raises $25 mln, on the site PE Hub 3 years, 3 months ago
Evidence that the next recession is around the corner. Silicon Valley VCs, dazzled by beautiful actress, cough up $25M for a silly consumer organic products play.
…and they’ll never see that money again!
What a nightmare for one of America’s great systems companies. Tellabs’ failure is the result of a decade of lousy management with an in-grown board.
BTW, don’t read this event as a simple buyout. This is the […]
Mark Lonergan commented on the post, David Cowan: VC success is about company picking, not personality, on the site PE Hub 3 years, 4 months ago
Wow. A really hard-hitting investigative piece of raw journalism.
The HuffPo story is a chilling reminder that whatever you pay for an online company, it’s too much.
At the time, $310 was thought to be ‘a steal’ for this liberal smearsheet. One year later, […]
Some other things your VC isn’t saying:
1. “I can’t really make financial commitments for my firm.” I am only a GP and not even a particularly successful GP. Therefore, I have to submit everything to my […]
Mark Lonergan commented on the post, High hopes for pot funds as legal backdrop shifts–VCJ report, on the site PE Hub 3 years, 4 months ago
This is a really bad idea. An immoral one. This ‘business’ will contribute to the further decline of the American work ethic and educational standard.
Mark Lonergan commented on the post, Fundraising is better but still tough for many GPs, on the site PE Hub 3 years, 4 months ago
According to the NVCA’s own studies, 6% of GPs create ALL the returns for this market. Another 6-10% are neutral – they return what they invest. The other 88% have no track record of making money for their firms […]
Mark Lonergan commented on the post, Just how active is the secondary market this year?, on the site PE Hub 3 years, 4 months ago
Great article. For those of you who sit on Boards, you might be interested in the SVDX speaker program at Stanford next month. It deals with secondary markets from a board/investor perspective.
Mark Lonergan commented on the post, Corporate VC on the rise, but traditional organizational structures prevail, on the site PE Hub 3 years, 5 months ago
What`s missing from this article is a measure of the abysmal investment record most corporate VC efforts have put together. They are ALWAYS the `dumb money`at the table, money represented by folks who […]
Mark Lonergan commented on the post, Insight: In Silicon Valley start-up world, pedigree counts – Reuters, on the site PE Hub 3 years, 5 months ago
A very interesting article.
As a long-time recruiter here in the Silicon Valley, I’ve seen this at work over hundreds of CEO and CXO search assignments. The General Partner often has a Stanford/Harvard/MIT […]
Mark Lonergan commented on the post, Poll results: Half expect win at trial in collusion lawsuit , on the site PE Hub 3 years, 5 months ago
If I were a Private Equity investor, I would be worried. “Phases of the Moon” will seem like small stuff compared to the very real collusion taking place in the PE markets.
Mark Lonergan commented on the post, Reuters: Icahn Bows Out of Battle for Control of Dell, on the site PE Hub 3 years, 5 months ago
Icahn, the extortionist, exits finally. Offers no value, contributes nothing to the company, only wants to steal money he didn’t help generate.
Now the company has a chance to survive in the […]
Mark Lonergan commented on the post, Under Ballmer’s Reign at Microsoft, 41 VC-Backed Company Acquisitions, on the site PE Hub 3 years, 5 months ago
During Steve’s tenure, Microsoft failed to diversify itself in any significant way. 90% of their revenue still comes from operating systems and desktops – exactly the way it was when he first got […]
Must be a pretty slow business day. Looks like a simple press release:
“Boutique recruiting firm hires anonymous partner inside nondescript division.”
Iris, you’re going to have to do better than this. Disappointing.
Mark Lonergan commented on the post, Reuters Analysis: After Mega-LBO Boom, a Massive Private Equity Cleanup, on the site PE Hub 3 years, 5 months ago
This is the kind of silly “feel good” claptrap that PE Firms want desparately to share with their LPs. Fact is that MOST companies lose MOST of their value after an LBO, due to the aggressive cash-grab and debt […]
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