Today’s interim report from the Committee on Capital Markets Regulation confirmed several of the premises that NVCA has been asserting for some time. First, the benefits of SOX 404 are uncertain. Second, the costs of implementing 404 have been dramatically higher than originally estimated. The Committee estimates the cost at 35 times higher. Finally, SOX 404 has […]
So “children” is my metaphor for small-cap public companies, and Rule 415 is an SEC regulation that I hadn’t even heard of until two weeks ago. It turns out that the SEC appears to be looking to crack down on some of the more punitive PIPE structures when microcap companies (under $75 million market cap?) […]
With the private equity world evolving at a rapid pace, it brings to mind one central issue: The debate centering around the proper objective/measure of investment return or GP performance. A recent Business Week coverstory entitled “Gluttons at the Gate” (October 30th Edition) spoke judgmentally about the amount of fees charged by Private Equity funds in […]
It’s no secret that America is no longer the sole dominion of innovation and entrepreneurship. You’re just as likely to find an enthusiastic power point-wielding entrepreneur in the Starbucks of Shanghai, Mumbai or Beijing as you are in Silicon Valley. This is no protectionist rant. I believe global investing is the next step in venture […]
Many of you are familiar with the term “Phase I.” Do you also know (your attorneys do) that the standard (I tend to call it a procedure) we use to develop Phase I’s was first written in 1996, rewritten in 2000, and as of November 1 there is a new “standard” in place. So what? […]
Lean venture capital returns are in their seventh year but, barring force majeure-type events, we should enjoy more positive results starting in 2007. Why? Because we’ve largely cleared the bubble wreckage, the second wave of the Internet is upon us and new disruptive technologies are emerging to create new industries. During the bubble, the VC […]
Feeling underpaid should be a signal to you to look closely at the position you’re in, the firm you’re at and your overall career objectives. While it may just be about the money, perhaps there’s really more that needs to be evaluated in your next move to make sure you’re satisfied with your career.
I suggested to Dan that the private equity community was ready for a columnist who addresses environmental issues. He agreed. So, is this going to be a column about soil and groundwater contamination, asbestos, and permitting? I hope not. You see, the term environment is so much broader than that, and some of the more current issues […]
In order to make this as interactive as possible, I wanted to spark some conversation around some of the areas of focus that our firm works on a day-to-day basis. As an introduction, Collective IQ focuses on four main areas: Private equity, corporate venture, corporate advisory, and portfolio companies. To start the ball rolling, in […]
The IT establishment (or at least one person in it: Andy Grove) has been working hard for many years to bring the medical world out of the dark ages and improve record keeping (http://med.stanford.edu/about_photo/) . Mayo is clearly ahead of the curve.