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Hits Keep Coming for ComVentures

By Dan Primack — 11 years ago

Updated The VSP Capital Memorial trophy is awarded each year to the venture capital firm that most effectively turns itself into a punching bag. The 2007 frontrunner is ComVentures. First came the recent FilmLoop flap, in which ComVentures engineered the sale of one portfolio company to another. Now comes another troubling development: While ComVentures was working to […]

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Sequoia Gets Restraining Order

By Alexander Haislip — 11 years ago

Sequoia Capital obtained a restraining order against Anand Lyer Vaidyanathan, an Iowa man who repeatedly tried to gain access to investor Michael Moritz at the firm’s Sand Hill Road Offices and later claimed he worked there. Vaidyanathan went to Sequoia’s offices five times during the last week in October and the first week of November […]

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Join Us in April

By Jon Nieman — 11 years ago

Each year we co-host an event in Research Triangle Park, NC, along with the Strategic Venture Association and the North Carolina Technology Association. This year on April 10th/11th we will be doing so again and I wanted to extend a personal and open invitation for all to attend. Please email me at [email protected] and I can make […]

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Plaxo Goofs Off

By Alexander Haislip — 11 years ago

Here are pictures of members of the Plaxo team caught having fun with Gorilla Bags, an industrial sized bean bag chair. Each one retails at $300. The Mountain View, Calif.-based company has raised $24.3 million since its 2001 inception from such investors as Sequoia Capital, Cisco Systems, Globespan Capital Partners, JAFCO and DAG Ventures. Plaxo […]

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The $45 Billion Buyout?

By Dan Primack — 11 years ago

Update: The deal was just announced. Download the press release here: TXU_Release.pdf The Blackstone Group’s claim to the largest leveraged buyout might not last more than a month. Various press reports suggest that Kohlberg Kravis Roberts & Co. and Texas Pacific Group are nearing a deal for Texan energy giant TXU that could be valued […]

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Madison Dearborn Bails on PE Council

11 years ago

Madison Dearborn Partners will not be part of the private equity industry’s newly-formed trade association, according to Buyouts Magazine (sub required). The Chicago-based firm had been listed as a “founding member” when the Private Equity Council announced its formation last December, but since has decided to pull out. “We think it’s a good idea and […]

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VCIR Hangover

By Dan Primack — 11 years ago

Some assorted notes from the past few days in Beaver Creek, as I reacclimate myself to Eastern Standard Time… *** VC in the Rockies was not a “boondoggle.” I don’t write this in order to preempt corporate overlord questions about my pending expense report, but rather because this was the term used by almost every […]

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Seeking $$$ In the Rockies

By Dan Primack — 11 years ago

Thirty-three companies presented at VC in the Rockies on Wednesday, including 23 that are currently seeking new funding. What follows are the basic details of those seekers: Abla-Tx Inc. www.abla-tx.com Founded: 2005 Description: Developing a platform for supporting the treatment of solid tumors by thermal ablative techniques.  $$$ Seeking $10 million Series C round this […]

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Travel Day Absense

By Dan Primack — 11 years ago

Greetings from the Terminal F foodcourt at Minneapolis International Airport. Almost as posh as last night’s dining digs at the Beaver Creek Ritz Carlton… Anyway, just a quick note to let you know that I have not forgotten you today — but rather have been en route from Colorado to Boston (after getting in a few […]

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Europe: Do You Care?

By Alexander Haislip — 11 years ago

When Index Ventures, a Geneva, Switzerland-based VC firm, added a dozen limited partners and closed its fourth fund at $456 million last week General Partner David Rimer said it had been done in a “record time for a Euro VC fund.” It’s easy to understand why. The firm’s second fund, which raised $303 million in […]

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Condom Market Size

By Alexander Haislip — 11 years ago

Investors may shy when it comes to backing sex-related companies, but there’s no question sex sells. The total U.S. market for condoms was $398.3 million in 2005, up 2.8% from 2004 according to market research group Packaged Facts. Church & Dwight Co., Inc. (NYSE: CHD), makers of Trojan brand condoms, estimate they have as much […]

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Potential Harvard Prez. Profiled

By Alexander Haislip — 11 years ago

The Princeton Alumni Weekly profiled Elena Kagan, who online betting sites give 3 to 1 odds will become the next president of Harvard University. The profile, by Kathryn Beaumont, talks about Kagan’s career as dean of Harvard Law School. The piece is soft focus, as Kagan is a Princeton graduate, with less than a full […]

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Adam Aircraft Flies to Wall Street

By Dan Primack — 11 years ago

Most of the companies presenting today at VC in the Rockies fall under the typical venture binary of information technology or life sciences. But there are a few notable exceptions, including the terrifying and thrilling Adam Aircraft. Terrifying because very few VCs really understand the aerospace industry. Thrilling because… Well because they make frickin’ jets (but […]

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Too Much Multitasking?

By Dan Primack — 11 years ago

I just got out of the Brad Feld Session here at VC in the Rockies. OK, that wasn’t its official name, but Brad was an early backer of all three presenting companies: Lijit Networks, NewsGator Technologies and Me.dium.   Lijit is a vertical search startup and NewsGator is an established RSS company — but it’s Me.dium I […]

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Call for Poetry

By Alexander Haislip — 11 years ago

People often invite me to events I’ve either never heard of or want to learn more about before attending. Christian Perry, producer of the SF Beta tech get-togethers, dropped me an email today about his group’s Thursday event. I’ve met Christian before but decided to check out his website. There he offers a compilation of […]

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Private Equity Power?

By Dan Primack — 11 years ago

Updated  I was mildly critical of the methodology behind last month’s Forbes Midas List, which ranks VCs by a variety of metrics. But the Forbes folks may have been empirical savants compared to the crew over at Fortune Magazine, which today released its Private Equity Power List. The actual magazine doesn’t hit until next Monday […]

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Ethanol Peak in Rearview Mirror

11 years ago

It seems that we may be on the back end of the ethanol (and biodiesel) peak. While the President continues to call for increased consumption, the wonders of the invisible hand are working in the real world.   If dealflow is any guide, we are seeing fewer investment proposals. There was a time when these ideas […]

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My Take on FilmLoop Saga

By Dan Primack — 11 years ago

A lot of you have been writing in to ask my take on the FilmLoop situation, in which one of its VC backers – ComVentures — allegedly engineered a company liquidation by having it get acquired by another one of the VC firm’s portfolio companies. Questions about self-dealing, ethics, actual facts, etc. Oh, and TechCrunch’s […]

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