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Emergence Raising SAAS Fund

By Alexander Haislip — 11 years ago

Emergence Capital Partners expects to launch fund-raising for its second vehicle at the end of this quarter, aiming for $175 million, PE Week has learned. It may cap the fund at a higher level. The San Mateo, Calif.-based firm, which raised $125 million for its inaugural fund in 2004, has staked its future on business […]

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Jurvetson: 3 Nano IPOs to Come

By Alexander Haislip — 11 years ago

Steve Jurvetson is a smart guy. And it looks as though he may soon be considered to be a lot smarter. Jurvetson pushed his firm, Draper Fisher Jurvetson, to invest some $200 million in nanotechnology, novel materials and micromechanical systems startups since 2000. Now it seems that investment may start paying dividends. Jurvetson tells Venture […]

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Random Ramblings: Sex Toys, Symmetric & Sun

By Dan Primack — 11 years ago

*** Last week we reported that Tim Draper was among the angels who invested $1.1 million in sex toy company Jimmy Jane. But Tim wasn’t alone. It turns out that another three or four of DFJ’s eight other managing directors also chipped into what they view as a steady, niche retail opportunity. But before prudish […]

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Winning by Losing?

By Dan Primack — 11 years ago

Am I the only one who’s beginning to think it’s in Blackstone’s best interest to lose the Equity Office deal? It has now raised its bid to $55.50 per share, which is 14.4% higher than its initial offer. So assume for a moment that Blackstone was originally expecting a 25% ROI from the deal – […]

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Force10 Keeps Bulking Up

By Dan Primack — 11 years ago

Force10 Networks Inc., a San Jose, Calif.-based provider of network routing and switching equipment, has raised $64 million in additional Series F funding, according to a regulatory filing. Get filing here: Force10.pdf The company held a $50 million first close on the deal last August with a reported post-money valuation of approximately $455 million. The […]

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PE Firms Get Cold Feet

By Dan Primack — 11 years ago

I know it’s brisk outside, but there’s got to be some other reason for the recent spate of canceled PE-backed IPOs. Last Friday it was Tube City IMS, and today’s it’s Hyco International and Trident Resources Corp. No official explanations were given in any of the withdrawal filings, save for Trident’s lame notation about “market […]

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Akamai Nabs Netli

By Alexander Haislip — 11 years ago

Akamai Technologies has agreed to acquire Netli Inc., a Palo Alto, Calif.-based provider of application delivery network services, for approximatley $178 million worth of Akamai stock. Netli has raised around $46.5 million in total VC funding since its 2000 inception, including an $18 million Series D round in early 2006 at a post-money valuation of […]

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Rudy’s In — See Him at Buyouts Symposium East

By Dan Primack — 11 years ago

In the least surprising political development of 2007, former New York City mayor Rudy Giuliani is filing preliminary papers for a presidential run. Anyone interested in seeing him live should register for Buyouts Symposium East on April 16-18 in New York, where he’ll be one of three keynote speakers. This year’s event also will feature […]

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OVP Holds Second Close

By Alexander Haislip — 11 years ago

OVP Venture Partners has held a second close on its latest fund, expanding it to $214.5 million, according to a regulatory filing. The new fund was expected to close at less than $250 million before the end of last year, Managing Partner Gerry Langeler told PE Week last spring. Returning investors in fund VII include […]

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HedgeStreet out for $32M

By Alexander Haislip — 11 years ago

HedgeStreet has raised $21.8 million of a $32 million Series D investment round, according to a regulatory filing. The company, which offers options, futures and derivatives trading to common investors, raised the financing from Rubicon, Pareto Partners, Norwest Venture Partners, CrossBridge Venture Partners and the Chicago Board of Exchange through CBOE II LLC, an investment […]

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New Pension Law Pinches Funds-of-Funds

By David M. Toll — 11 years ago

Following passage of pension legislation last summer, some fund-of-funds managers are finding their money isn’t quite as welcome as it used to be. David Watson, a partner at law firm Goodwin Procter LLP, said that a ticklish regulatory issue related to the legislation has popped up in three funds that he has negotiated on behalf of […]

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5 Questions for Dave McLean

By Dan Primack — 11 years ago

BioBehavioral Diagnostics Co., a Cambridge, Mass.-based developer of a diagnostic system for Attention Deficit Hyperactivity Disorder (ADHD), today announced that it has raised $8.5 million in Series A funding co-led by Sevin Rosen Funds and Tullis-Dickerson. ADHD is one of the most commonly-misdiagnosed conditions, and to date there are no objective methods of diagnosis. Instead, […]

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Who’s Got The Goods?

By Dan Primack — 11 years ago

I often get emails from private equiteers who want to know what public pension system websites contain fund-specific performance data. My guess is that they’re in charge of crunching the numbers to support their boss’ inevitable claim to be “top quartile.” So here’s a semi-comprehensive overview, ranked in order of usefulness:   California Public Employees’ […]

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Mellon’s Mystery Buyer Revealed

By Dan Primack — 11 years ago

What is MVI LP? That’s the question some of us were asking last month, when an SEC filing revealed that Mellon Financial Corp. had sold its Mellon Ventures portfolio to Goldman Sachs and MVI LP. Most market watchers either assumed it was a Goldman holding company or gave it no thought whatsoever. But it turns […]

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Sex, Lies & Dopplegangers

By Dan Primack — 11 years ago

VSP Capital lives on. Ok, not really, but some of its former partners are still doing deals together. The latest is San Francisco-based Doppleganger, a onetime VSP portfolio company (then known as Evil Twin Studios) that provides avatar-based IM environments for music fans in conjunction with entertainment and media companies. VSP sold its stake via […]

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Draper Backs Adult Toy Co.

By Alexander Haislip — 11 years ago

UPDATE: Due to popular demand, my bosses have generously agreed to make our story on adult toy startup JimmyJane free of charge. Enjoy: JimmyJane, a startup looking to become the Montblanc of vibrating sex toys, late last year raised a $1.1 million Series C financing from a group of investors that includes a limited liability company controlled by Tim […]

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Opensource Coming for WebEx

By Alexander Haislip — 11 years ago

Ah opensource. Is there no sound sweeter to the ears of those feeding the coffers of enterprise software behemoths? It’s a sweet sound to VCs as well. They have made plenty of dough on exits such as JBoss’s $420 million sale to RedHat last summer. The most recent target for opensource toppling is WebEx Communications (Nasdaq: […]

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