Today's News and Views

Showing all categories

Latest News

Unmasking “TED” of TheFunded.com

By Dan Primack — 11 years ago

No, I’m not doing it here. Not because I’m holding it back, but because I’m completely clueless. Jason Calcanis? Kevin Rose? Fake Steve Jobs? Real Steve Jobs? Thomas Pynchon (that last one comes from Paul Kedrosky, and it’s certainly inventive). The actual unmasking will be done by TED tonight at an invite-only event he’s throwing […]

Continue

Rebuilding the Parthenon

By Dan Primack — 11 years ago

Parthenon Capital was having a near-death experience. It was August 2005, and fundraising had come to a standstill. Existing limited partners were so down on Parthenon’s Boston office (which included the firm’s two co-founders), that many of them had offered to fund Parthenon’s San Francisco team as an independent spinout. Prospective limited partners were even […]

Continue

peHUB First Read

By Dan Primack — 11 years ago

Some links to kick off your Thursday: * Rachel Beck says Shame on Merrill and Citigroup, for not having CEO succession plans in place. Well, to be fair, most people assumed Larry Fink was set to replace Stan O’Neill. Pretty sure that was the impression Fink was under. * TPG co-founder James Coulter expects the […]

Continue

(Still) Live from San Francisco

By Dan Primack — 11 years ago

Greetings from Day 2 of Buyouts West, here at the Fairmont in San Francisco. I’m spending most of the day on stage, but felt like doing some live-blogging while still sitting in the back of the room: * First up is VCJ editor Larry Aragon interviewing Barry Schuler, former CEO of AOL who now runs […]

Continue

peHUB First Read

By Dan Primack — 11 years ago

Some links to kick off your Wednesday: * Barack Obama is unveiling his tech plan today, which will include the establishment of a national chief technology officer. VentureBeat has a sneak peak. * A venture capitalist says publicly that his investment profits should be taxed at a higher rate. Not a big name, but enough […]

Continue

Live from San Francisco…

By Dan Primack — 11 years ago

Greetings from Buyouts West, which is set to begin in just a few minutes. I don’t have to do any speaking until tomorrow, which means I’m free to sit in the back of the room to do some live-blogging. First up will be a keynote from Hartley Rogers, chairman of Hamilton Lane… * Ok, here […]

Continue

KP: “No Comment” on Gore Compensation

By Dan Primack — 11 years ago

I really didn’t want to do another Al Gore/Kleiner Perkins post, but… Yesterday’s press release included the following line: “Mr. Gore also announced that as part of the agreement between the two firms, 100 percent of his salary as a Partner at KPCB will be donated directly to the Alliance for Climate Protection—the non-partisan foundation […]

Continue

To The Global Warming Skeptics

By Dan Primack — 11 years ago

After writing yesterday about Al Gore joining Kleiner Perkins, I got a variety of emails from readers who either (A) Don’t believe in global warming or (B) Believe the planet is warming, but that man is not to blame. As reader Gabe wrote: “There is no scientific consensus that global warming is caused by man-made emissions… […]

Continue

peHUB First Read

By Dan Primack — 11 years ago

Greetings from San Francisco, where I’m in town for Buyouts West. Here’s some links to kick off your Tuesday: * Private equity, the novel. * Carry tax hits the campaign trail, according to Politico. * If Sun Capital can’t get the Kellwood board to OK its buyout offer, it may go straight to the shareholders. […]

Continue

Angels with Green Halos

By Dan Primack — 11 years ago

During last week’s Future Forward event, banker Giles McNamee called angel investors the most underappreciated — and under-reported — cogs in the startup community’s engine. No disagreement here, but what angels lose in accolades, they apparently make back in cold hard cash. Individual investors affiliated with organized angel groups generated an average IRR of 27%, according to […]

Continue

Finnegan Steals Yale Show

By Dan Primack — 11 years ago

Great lunchtime keynote by Madison Dearborn Partners’ Paul Finnegan, during last Friday’s Yale SOM Private Equity Conference. Informative, combative and interactive. Really far too few of these at industry conferences (hopefully Buyouts West will be an exception). For example, he began by asking for a show of hands from those who believed PE pros pay […]

Continue

Al Gore Joins Kleiner Perkins

By Dan Primack — 11 years ago

Is Kleiner Perkins becoming the Carlyle Group of venture capital? It added Colin Powell in 2005 to help advise on bio-defense and other homeland security issues. Today it bolstered its cleantech practice with the addition of Al Gore as a partner. Yup, that Al Gore – former Veep, early Google investor and, of course, Nobel Prize-winning green […]

Continue

peHUB First Read

By Dan Primack — 11 years ago

Some links to kick off your Monday, as I hop a plane to San Francisco for Buyouts West: * The carried interest tax bill gets through the House, although every single Republican (and eight Democrats) voted against it. Next up is the Senate, where prospects are much dimmer. * Michael Arrington on why founders and execs are […]

Continue

Meaningless Paperwork Is Destroying Canada’s VC Industry

11 years ago

Meaningless paperwork is destroying Canada’s venture capital industry, and if our northern neighbor ever wants significant US venture capital to flow north, they’ll listen when I tell them to eliminate Section 116 certificates immediately. Currently, when a U.S. venture firm sells shares in a private Canadian company, it must file for a Section 116 certificate, […]

Continue

Filling Up On Allocation

By Dan Primack — 11 years ago

Seen the stock market yet today? Down by nearly 150 points on more Wall Street write-downs (or whatever the Charlotte equivilent is). Obviously bad for the private equity markets, as it lowers exit expectations and makes new leveraged financing even harder to come by. But there is a much longer-term risk in play for private equity: The […]

Continue

Greetings from Greenwich…

By Dan Primack — 11 years ago

I’m a few hours south of the home base this morning, to moderate a panel at the Yale SOM Private Equity Conference. This is another way of saying that posting will be light, as the WiFi is spotty and there actually are some talks I’m interested in listening to (which is inccreasingly rare at industry […]

Continue

From the Filings…

By Dan Primack — 11 years ago

What follows is a set of VC funding items culled from recent Regulation D filings with the SEC. None of these deals has been otherwise announced: * SmartDrive Systems Inc., a San Diego-based provider of driver risk management systems and services, has secured nearly $43 million of a $46 million Series D round. New Enterprise […]

Continue

Measuring Success

By Dan Primack — 11 years ago

While moderating a conference panel earlier today, I noted that median IRRs are negative for VC funds raised since 2001. My intent was not to be nasty, but rather to query the survival prospects of a market in which most of the participants don’t generate profits (let alone large profits).  Here was one of the responses, albeit paraphrased: If the […]

Continue