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Of Snipers and Virgins

By Bart Schachter — 11 years ago

I wonder how long the Middle East War analogy can carry me into the PEHUB universe. BTW, how do you pronounce peHUB? PEE-HUB? PEE-WEE-HUB? Judging from the responses to my virgin steps onto the blogosphere, I think that’s probably pretty close. I’ve been tracking recent military developments in Iraq to learn that, in addition to […]

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The Story That Won’t Die

By Larry Aragon — 11 years ago

The “VC model is broken” story refuses to die. I just got an email from a Financial Times writer looking into the canard put forth by Sevin Rosen Funds in a letter to its LPs last month. And Bart Schachter from Blueprint Ventures stirred up some, uh, stuff with his “72 virgins” post on the […]

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A Dollar and a Dream

By Chris — 11 years ago

Anyone remember Curtis Sharp? A long time ago, Curtis won a $5 million New York Lottery jackpot and he spent the rest of the 1980s sashaying around New York in bespoke suits and bowler hats attracting crowds wherever he went. Curtis was the Man. Charismatic and impish, Curtis was the Toast of the Town. I […]

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Silver Lake Partners w/ Shah

By Dan Primack — 11 years ago

Silver Lake Partners and Shah Capital Partners are teaming up to raise a new fund focused on middle-market technology companies. Formal marketing is expected to begin in Q1 2007, with a target capitalization of between $750 million and $1.5 billion. Some market watchers had thought that Silver Lake would not launch the middle-market fund until […]

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Top Quartile — Who’s counting

11 years ago

For those of you who know me, you know that returns, performance and benchmarking issues are near and dear to me – after all, my first child’s initials are IRR. I swear it was not intentional – just call it karma. I recently took our second child, (no weird acronyms here to make fun of, […]

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Should VCs Write Blogs?

By Clint — 11 years ago

This question seems to come up quite a bit among LPs and GPs: Should a general partner at a VC firm spend time writing a blog, when it appears to be such a time-consuming process? Why would VCs even consider creating blogs to document thoughts or musings about the industry at large, when there are […]

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5 Questions: Jim Eisenstein of Optasite

By Dan Primack — 11 years ago

Optasite Inc., a Westborough, Mass.-based cellular tower company, today announced that it has secured a $150 million credit facility from Morgan Stanley. This brings the company’s total private capitalization to over a quarter-billion dollars (including $65m of pure VC funding). So let’s play Five Questions with company CEO Jim Eisenstein, whose past gigs include CEO […]

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VenturePAC Takes Electoral Hits

By Dan Primack — 11 years ago

VenturePAC, a political action committee managed by the National Venture Capital Association, is one of most bi-partisan business PACs in Washington – which is to say that it only gives about two-third of its money to Republican Party candidates. This means that its post-election wounds aren’t life-threatening, but they sure are noticeable. According to data […]

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VC Learnings for Make Benefit Glorious Future

By Bart Schachter — 11 years ago

72 virgins. We all know who gets them. No, I’m not talking about Al Queda or the Taliban. I’m looking closer to home, right here in our VC backyard. One the industry’s most venerable VC firms yanks the megaphone from the hands of the New York Times and the Wall Street Journal to pronounce its […]

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Commercial Banks and I-Banks: Not a Natural Fit

By Kelly Deponte — 11 years ago

I believe that there are natural reasons for commercial banks to get out of private equity investing: Commercial bank on-balance sheet capital is quite different from that of I-banks, and the issue of conficts for I-banks is real. First some perspective – I worked for a commercial bank in the US for 15 years, the […]

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Technology in PE

By Jon Nieman — 11 years ago

There are some interesting technologies that I have come across in private equity that I wanted to talk about and would love to hear feedback from you all. In structured products involving private equity, there are some compelling technologies involving cash flow modeling, risk analysis and other related tools. For instance, I know of one […]

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Moving Down Market

By Dan Primack — 11 years ago

Until quite recently, conventional wisdom was that the best buyout bang came from middle-market bucks. Part of the rationale was that middle-market firms used to get more proprietary dealflow than did their bigger brothers, but the primary justification was found in fund returns data. Unfortunately, much of that data mistakenly used modern standards to determine fund […]

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Voting with Greenbacks

By Dan Primack — 11 years ago

Among those closely watching tonight’s election results will be the National Venture Capital Association, which contributed over $1 million to candidates and causes during the 2005-2006 cycle. The checks were written on behalf of VenturePAC, a political action committee funded by NVCA members. To see how VenturePAC has been spending its money, take a look […]

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Roots of the Problem

By Dan Primack — 11 years ago

Maurice Gunderson is looking to become a roots investor. This is different from a seed investor or early-stage investor, since both of those refer to the age of prospective portfolio companies. What Gunderson wants to do is examine the root causes of an energy industry dilemma, so that the larger market can flourish in the […]

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Mega Funds with Nostalgia?

11 years ago

I’ve heard that TPG is starting a “small buyout fund” or a mid-market fund. We’re not investors, but I would think LPs would be troubled unless they are adding some kind of new team under the TPG brand (which would be a separate issue, and something the Draper folks might have an opinion on). I […]

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Risky Business??

11 years ago

When you look at the classic risk-return charts presented by general consultants, private equity is the proud resident of that top right quadrant – often so far out there it appears lonely. Why does this matter or why should we care? Well, it is this perception of private equity that determines its positioning inside investors’ portfolios. Today, […]

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BFE – Best Flip Ever?

11 years ago

It’s difficult to imagine what the group did to pretty-up Hertz for a public sale in that amount of time. So is this yet another complaint about mega-funds flipping companies while adding little value? No, because as Canada Bill Jones famously said, “it’s immoral to let a sucker keep his money.”

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VCs and the Public Markets

11 years ago

I’ve always thought that entrepreneurs don’t really understand VCs, and I’ve always been SURE that (most) VCs don’t understand investment bankers and the public stock market. So I guess I wasn’t all that surprised when I heard two opposing comments from different life sciences VCs at a recent conference. The first argued that today’s public […]

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