Today's News and Views

Showing all categories

Latest News

Introducing: Featured Event Listings

By Dan Primack — 11 years ago

We’re continuing to tinker with the site, and the latest addition is the introduction of our Featured Event Listings. Anyone can post an event notice for free, which lets you display the event name, location, time and website. But those wanting to both highlight their event (notice the shaded calendar boxes) and provide more detailed […]

Continue

RockYou Settles

By Alexander Haislip — 11 years ago

RockYou settled with Iconix, less than a week after we broke the news of the court injunction filed against the Sequoia startup. Judge Saundra Brown Armstrong had issued a preliminary injunction that favored Iconix, which formerly employed both Lance Tokuda and Jai Shen, the founders of NetPickle (aka RockYou). She ruled that there is enough […]

Continue

More PE-Backed Ethanol Troubles: Hawkeye Pulls IPO

By Dan Primack — 11 years ago

Hawkeye Holdings, an ethanol company owned by Thomas H. Lee Partners, today pulled the plug on its proposed $350 million IPO. It had postponed the offering back in September (just as it was scheduled to price), with CEO Bruce Rastetter saying: “We have decided to temporarily delay our IPO in light of current conditions in […]

Continue

Fundraising Notes

By Dan Primack — 11 years ago

Private equity fundraising has broken volume records each of the past three years (including 2006), and a reporter yesterday asked if I thought the trend would continue in 2007. My answer was affirmative. From a buy-side perspective, I expect the limited partner community to increase its already-ravenous private equity appetite. Three reasons: 1. A continued […]

Continue

ZipCar Keeps Chugging Along

By Dan Primack — 11 years ago

ZipCar Inc., the nation’s largest car-sharing service, has quietly raised $25 million in its second round of venture capital funding. Greylock Partners led the “Series E” deal, while return backers included Benchmark Capital and Boston Community Ventures. Car-sharing initially began as a “green” concept in the late 1990s, but since has grown into a full-fledged […]

Continue

The Sorkin Roadmap for Fairness

By Dan Primack — 11 years ago

Andrew Ross Sorkin of NY Times Dealbook has developed some middle ground between Ben Stein’s call for banning management buyouts and the private equity market’s calls for continued regulatory indifference. Specifically, he has a four-part plan for fixing certain problems inherent in management buyouts. It goes like this: 1. Require that a majority of minority shareholders approve the […]

Continue

Scoop Haislip in the latest issue of PE Week

By Alastair Goldfisher — 11 years ago

The latest issue of PE Week features a scoop by our reporter, Alexander Haislip, who delves into the legal bind that VC-backed NetPickle finds itself in. Company founders Lance Tokuda and Jia Shen, who raised about $1.5 million from Sequoia Capital and others, are accused of code theft, misuse of company time, and failing to […]

Continue

This week in Buyouts Magazine…

By Mark Cecil — 11 years ago

This issue of Buyouts breaks loads of news on tech buyout funds and includes an in-depth look at an issue that’s popping up in the news more and more: The buyout industry’s interest in renewable energy, and more specifically ethanol. Buyouts editor David Toll was able to uncover the doings of a number tech funds […]

Continue

On Air Now…

By Dan Primack — 11 years ago

NPR’s OnPoint program is currently broadcasting a conversation on private equity, with Bob Kuttner of The American Prospect and Steve Kaplan of the University of Chicago. Update: The broadcast is now over, but definately worth a listen. Podcast should soon be available at http://www.wbur.org/listen/podcasts/

Continue

Environmental Column Intro

11 years ago

I suggested to Dan that the private equity community was ready for a columnist who addresses environmental issues. He agreed.  So, is this going to be a column about soil and groundwater contamination, asbestos, and permitting?  I hope not. You see, the term environment is so much broader than that, and some of the more current issues […]

Continue

Oops: Mistakes in LBO Suit

By Dan Primack — 11 years ago

It’s now been two days since a few disgruntled shareholders filed what they hope will become a class-action lawsuit against 13 top private equity firms. I hope that it doesn’t. To be clear, I am not an apologist for private equity firms. I think many of them charge unfair transaction fees to their limited partners, and […]

Continue

DFJ Schmoozefest 2006

By Alexander Haislip — 11 years ago

If you weren’t at the Hiller Air Museum on Thursday night for Draper Fisher Jurvetson’s Schmoozefest 2006, you missed out on the 16-piece orchestra, a crooning Tim Draper, Sky High blue cocktails and Steve Jurvetson’s effervescent description of his soon-to-be-made Tesla roadster (see slideshow on jump page). The last DFJ Schmoozefest was held during the […]

Continue

The Problem with the Quick Bridge

11 years ago

There has been plenty of discussion recently among entrepreneurs and VCs regarding bridge loans for startups, also know as “converts”. Josh Kopelman wrote a nice post here, and Matt Marshall posted a bridge loan calculator for entrepreneurs here. Lots of people ask us our views on these structures, because we’re focused only on Seed and […]

Continue

Virtual Businesses — Real VC $$

By Dan Primack — 11 years ago

I understand Second Life like I used to understand Dungeons & Dragons. Not my cup of tea, but clean escapist fun for those who fancy themselves dice-throwing sorcerers. What completely confounds me, however, is the Second Life economy, in which people can make real money by selling fake things. Examples include pixilated designer dresses or […]

Continue

Which Startup To Pick?

11 years ago

I was fortunate enough to visit two great conferences here in sunny San Diego during the last week of September, DEMOfall and ASIS, and then Consumer Technology Ventures more recently. In case some of you don’t know: DEMOfall (or “Demo”) and CTV are all about startups pitching their new products, mostly software, to VCs and […]

Continue

RockYou Founder Pulls Blog

By Alexander Haislip — 11 years ago

Lance Tokuda, founder of embattled photo-slide show startup RockYou, pulled down his personal blog this afternoon. He had written detailed notes about his venture fundraising efforts on it earlier this spring. But fear not loyal PE Week and PE Hub readers! Google cached it for you so you could read the superfluous name-dropping first hand. […]

Continue

Sequoia’s RockYou Jolted by Injunction

By Alexander Haislip — 11 years ago

Lance Tokuda asked me to leave the one year anniversary party for Web2.0 startup RockYou last night. He didn’t want to answer questions about the injunction a U.S. District Judge slapped on his startup, prohibiting the use of programming code he may have developed while working at another company. Tokuda is in danger of losing […]

Continue