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Iconix Owns Part of RockYou

By Alexander Haislip — 11 years ago

Update: RockYou is in the middle of fundraising talks with Partech International, a person involved in the deal says. The deal has not closed. Iconix, the company that sued two of its former employees for walking off with proprietary software they later used to found RockYou, now counts itself as a beneficial owner of the startup and […]

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Document Dump

By Dan Primack — 11 years ago

Just clearing off the desktop… * Law firm Paul Weiss this morning sent a client memo about how Congress might change tax laws affecting investment funds. Key line: “Significant consideration is also being given to carried interest issues, with the focus being whether to characterize that income as compensation for services and not as long-term […]

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Google Phone Could Be Bad for VCs

By Larry Aragon — 11 years ago

Simeon Simeonov should think about giving up his job as a VC at Polaris Venture Partners and becoming a reporter. Check out his great post about a rumored Google phone on his blog, High Contrast. The part that stands out for me is that the main guy is a founder of Danger (maker of the hip […]

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CRV Is Not Buying BigBand

By Dan Primack — 11 years ago

Charles River Ventures is not buying BigBand Networks. Apologies for the self-obvious news flash, but two separate people have now inquired about the matter. At issue seems to be a the Federal trade Commission’s mid-February ruling that CRV would not be in violation of Hart-Scott-Rodino regs as related to BigBand. Such rulings do often portend […]

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Buying in Bulk

By Dan Primack — 11 years ago

During a 2005 speech in San Francisco, David Rubenstein of The Carlyle Group got asked if there was a tangible difference between mega-LBO firms and corporate conglomerates. He acknowledged some obvious similarities, but added one big distinction: LBO firms don’t acquire to indefinitely consolidate – they acquire to ultimately sell. Here’s another: Corporate conglomerates traditionally […]

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Q&A: KP’s Ajit Nazre

By Alexander Haislip — 11 years ago

Ajit Nazre is the point main in India for Kleiner Perkins Caufield & Byers. The former SAP executive has been with the firm since 2003 and invested in Info Edge (India) before its wildly successful public offering last year. We talked to Nazre about what has changed in India and how investors and entrepreneurs are […]

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On the Prowl

By Alexander Haislip — 11 years ago

If you haven’t seen the March cover story for the Venture Capital Journal, you need to check it out. It’s a soup to nuts look at investing in India. Joanna Glasner and I really hit this subject hard and looked at every angle of the Indian economy: from stock markets to power outages, the management […]

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Club Deals Not Going Away

By Dan Primack — 11 years ago

I just finished being interviewed by a reporter about the possibility of a Chrysler buyout, during which I was asked the following question: “Do you think it could be a club deal?” My response was a more articulate version of “hell yeah.” The question’s undercurrent was this burgeoning notion that club deals are – or […]

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PE Prompts Insider Trading

By Dan Primack — 11 years ago

The top news item on yesterday’s PE Week Wire was that federal regulators had charged several unnamed individuals with insider trading related to the $45 billion buyout offer for energy company TXU. Specifically, it alleged that the culprits stood to gain $5.3 million after having used inside knowledge to trade TXU stock options just days before […]

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How to Stay Hungry

By Alexander Haislip — 11 years ago

It’s hard to stay hungry when you’re milking a cash cow. Plus it’s boring to work for a legacy product that seems to magically manufacture money, even if you’re getting paid more than the industry average. James Hong ran into this problem with HotOrNot.com, a website he founded in 2000 that had $4 million in […]

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RingCube To Announce Series B

By Alastair Goldfisher — 11 years ago

I’ve always believed that you should root root root for the home team. But as a graduate of San Jose State University, it’s been difficult to be a booster of the college. Till this last season, I can’t ever recall the Spartans winning more than two football games a year. And when it comes to entrepreneurship and innovation, […]

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VCs Connect with Cartilage Companies

By Dan Primack — 11 years ago

Carticept, an Alpharetta, Ga.-based developer of medical devices that help repair cartilage defects, has quietly raised $23 million in additional Series A funding from return backers Domain Associates and New Enterprise Associates. If the company doesn’t ring a bell, that’s probably because it was called Windward Medical Inc. when it scored $2.55 million in startup […]

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OVP Adds Partner, Closes Fund

By Alexander Haislip — 11 years ago

OVP Venture Partners recently held a $250 million final close on its seventh fund and added Mark Ashida to its partnership roster. Ashida will serve as partner at OVP, focused on the security, networking and infrastructure spaces. He previously was with Microsoft as general manager of Windows enterprise networking and, before that, was COO of […]

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vSpring’s First Close

By Alexander Haislip — 11 years ago

Early stage venture firm vSpring Capital has raised $56 million toward an anticipated $250 million third fund, according to regulatory filings. The new fund would be nearly three times larger than its second, an $86 million fund raised in 2004. Subscribers to PE Week can learn more about the firm and its new fund.

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Self-Promotion Alert

By Dan Primack — 11 years ago

Update: Watch the video here. I’ll be on CNBC’s Sqwawk Box program tomorrow morning at 7:40am ET, to discuss how the recent public market correction will affect private equity and M&A activity. My initial thoughts harken back to a speech given by Scott Schoen of Thomas H. Lee Partners, during last year’s Yale Private Equity […]

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Say Hello to TPG

By Dan Primack — 11 years ago

Like Kentucky Fried Chicken before it, Texas Pacific Group has officially dropped its regional moniker in favor of an acronym. The firm will heretofore be known simply as TPG, which is what lots of folks referred to it as anyway (at least in second references). The move does not have any operational impact, as TPG […]

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Emerging Markets PE Fundraising Tops $33b

11 years ago

Optimisim about emerging markets private equity appears to be continuing. EMPEA last week released its data tracking fundraising for emerging markets-dedicated private equity.  2006 saw 162 PE funds raise over $33 billion for emerging market regions, a 29% growth from 2005 levels of $26 billion and 5x the $6.5 billion raised in 2005. All regions witnessed at least double […]

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VC Rookie Mistake #2: The Postnuptial Agreement

By PEHub Administrator — 11 years ago

My husband and I hosted an engagement party over the weekend where the chatter turned to the new phenomenon of the “Postnuptial” agreement. The banter that ensued led me to thinking about VC and the tangled web we weave of agreements… (Amazing! An analogy that does not draw from poker! How entirely out of character […]

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