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HuffPo Gets VC Funding

By Dan Primack — 11 years ago

Last month, this space reported that HuffingtonPost.com was close to securing $5 million in VC funding. Yesterday came the official word, so it’s probably worth discussing further. I’ll be doing so in notes form, so as to avoid the requirements of competent cohesion:  1. For the uninitiated, HuffingtonPost.com is a multimedia website launched last year […]

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Random Ramblings: MidOcean/Ripplewood & More

By Dan Primack — 11 years ago

One of my political pet peeves is when elected officials hold to untenable positions for the sake of appearing “consistent.” Ditto in business, when certain mergers go through even though each side already has become a bit wary of the other.  So it’s refreshing to learn that MidOcean Partners and Ripplewood Holdings have canceled a […]

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Friday Feedback

By Dan Primack — 11 years ago

The heat wave is winding down, the beloved Red Sox are breaking down and unemployment is going up. In other words, it’s time for Friday Feedback.  Lots of emails about the proposed minimum wage hike (you don’t like it), the HCA deal (you like it) and the new VC fund model proposed by Stage1 Ventures […]

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Return of the Corporate Raiders

By Dan Primack — 11 years ago

Burger King is supposed to represent the best of what private equity has to offer. Unfortunately, it also represents the worst.  For the uninitiated: Burger King was acquired in 2002 by Bain Capital, Goldman Sachs Capital Partners and Texas Pacific Group. The transaction was valued at around $1.5 billion, including just $300 million in equity. […]

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Just Linking Around…

By Dan Primack — 11 years ago

The National Venture Capital Association and Thomson Financial have released their latest set of private equity fund performance data (both VC and LBO). The big news is that 1-year, 3-year and 5-year cumulative performance all rose between Q4 2005 and Q1 2006, while 10-year and 20-year figures remained fairly steady. The press release can be […]

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Random Ramblings: A New VC Model

By Dan Primack — 11 years ago

Venture capital firms often change their investment strategies, whether it be in terms of industry focus, geographic focus or company stage focus or deal size. The basic VC fund structure, on the other hand, seems to be timeless. For the uninitiated, this typically means: (i) A certain amount committed capital; (ii) An annual management fee charged on committed […]

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Friday Feedback

By Dan Primack — 11 years ago

The sun is shining, the minimum wage is (hopefully) about to be raised and I’ve got to pack up the uncharismatic VW for a weekend in New Hampshire. In other words, it’s time for Friday Feedback.  *** First up is a question from David on the HCA deal: “Would KKR take a piece of it […]

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The $80 Billion Buyout

By Dan Primack — 11 years ago

A popular press sport right now is to identify public companies that could be snatched up by leveraged buyout firms. Lots of attention being paid to perceived under-valuations, P/E ratios, lender proclivities, etc. But rather than providing a list of companies that could receive bids, let’s approach it from a different angle: How many U.S.-listed […]

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Random Ramblings: The Spark Behind Spark

By Dan Primack — 11 years ago

Welcome to a brutally busy news morning. We’ve got the largest leveraged buyout in history (HCA), WL Ross getting acquired (conference call at 10am), VC disbursement data indicating that Q2 2006 was the busiest quarter since Q1 2001 (MoneyTree Survey figures come tomorrow) and some other multi-billion buyout deals that can’t even crack our Top […]

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Just Linking Around…

By Dan Primack — 11 years ago

I’ve long been on record as saying that the worst-ever VC deal came in 2000, when Hummer Winblad Venture Partners invested $15 million into file-swapper/stealer Napster Inc. The reason is threefold:  Napster already was facing several copyright infringement lawsuits, with several more expected to follow.  The deal included a provision whereby HWVP partner Hank Barry […]

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Friday FeedBack

By Dan Primack — 11 years ago

The sun is shining, the Israelis are escalating and at least one GOP chief executive (Schwarzenegger) understands the inanity of throwing out embryos when they could be used to further scientific research. In other words, it’s time for Friday Feedback.  First up is an extended email from Gilman Louie, the founding CEO of In-Q-Tel who […]

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Now Hiring: New York City

By Dan Primack — 11 years ago

During an industry event a few weeks back, I was pulled aside by a public pension fund manager who objected to my blanket characterization of his peers as “dumb money.” He argued that every large group has both good and bad apples, and that it’s unfair to deride the entire bushel.  I had two possible […]

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Growing Pains: Changes at ACS

By Dan Primack — 11 years ago

I was the first of my friends to get married, which prompted lots of questions about how I was handling my “new” life. “It’s just the same as it was before,” I said, “except I now have more plates.” After all, I had been living with my girlfriend/wife for several years (yes, slap me for […]

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Random Ramblings: PE Trade Lobby?

By Dan Primack — 11 years ago

Carlyle Group co-founder David Rubenstein last July gave a keynote address to ACG Boston, in which he mentioned that the buyout market should have a dedicated trade group in Washington. An audience member joked during Q&A that it would be tough for any lobbyist to have better governmental access than what Carlyle already enjoys, but […]

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Random Ramblings: HuffPo and More

By Dan Primack — 11 years ago

The self-obsessed blogosphere is sure to be buzzing today with news that Technorati has scored $7.6 million in Series C funding, from return backers like DFJ and Mobius Venture Capital (according to a regulatory filing). But Technorati is basically just a search engine, rather than an original content provider. So imagine the hubbub when HuffingtonPost.com […]

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Random Ramblings: In-Q-Tel & More

By Dan Primack — 11 years ago

Today’s column fell apart at the last minute (kind of like the National League), so just a few quick notes:  *** When athletes say that it’s not about the money, it’s usually about the money. When multiple VCs give multiple reasons for leaving the same firm over a short period of time, it’s usually about […]

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OBWC: Yes to Publics, No to Privates

By Dan Primack — 11 years ago

Have you ever seen one of those television segments where a monkey is brought in to make stock picks alongside Wall Street analysts? The monkeys occasionally prevail, which makes for the most compelling pseudo-business programming since CNBC launched the Dennis Miller show.  I actually haven’t seen one in a while, perhaps because the trained monkeys […]

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Back in the Saddle

By Dan Primack — 11 years ago

I have spent the past two weeks in legitimate vacation mode, during which time I checked email or voicemail messages only when I tired of playing Madden or eating a variety of BBQ-grilled foods. What this means, of course, is that I have only a passing knowledge of what has happened in the private equity […]

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