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5 Questions with Randal Stephenson

By Dan Primack — 11 years ago

With all the mega-LBO activity of late, it’s sometimes easy to forget that the most transactional action remains in the middle-markets (redefined as deals between $50 million and $1 billion). So let’s play 5 Questions with Randal Stephenson, head of middle-market M&A at CIT Group:  1. Private equity deals are making up an ever-larger piece […]

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Conway: Video Not Done

By Alexander Haislip — 11 years ago

I spotted Ron Conway at a charity event yesterday and asked him what his next investment would be in. “Internet Video.” I raised my eyebrows in shock. I wondered if he had heard of YouTube, but bit my tongue. Conway must have guessed what I was thinking though. He looked me up and down for […]

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Video Pitch Contest

By Alexander Haislip — 11 years ago

Shoot a 30-second spot with your mobile phone, upload it to the MyWaves Lounge and win a trip to Silicon Valley to pitch your idea in person to Kleiner Perkins, Sequoia, Redpoint and Menlo Ventures. The contest is hosted by MyWaves, a startup based in Sunnyvale, Calif. developing a service for sharing videos on your […]

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Amazon Wild for Wiki

By Alastair Goldfisher — 11 years ago

Remember when Amazon.com just sold books online? Now, the Seattle-based retailer sells everything on its site, and it’s been a busy investor, too, as it has been putting its weight behind Web service companies. The latest happened today, when the company announced it invested an undisclosed amount of cash in Wikia Inc., which raised $4 million […]

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Google the VC

By Alexander Haislip — 11 years ago

Google’s Eric Schmidt told me back in June that he would not be launching a corporate VC program, but I should have asked him to clarify his position, seeing as how the company was already putting down venture-style investments. Google invested in Baidu’s $15 million Series C in June, 2004. It backed Fon Technologies, investing […]

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When Brad Feld Gets the Munchies

By Alexander Haislip — 11 years ago

There’s nothing more fun than watching investors acting silly. Brad Feld, inventor of the Tredputer, talks about crushing your competitors and illustrates his point by stamping on a bag of pretzels. The trick, he says, is to eat their bones afterwards. Then there’s Tim Draper. You can see him dancing at the DFJ Schmoozefest, or […]

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Feeding The Collusion Beast

By Dan Primack — 11 years ago

Private equity collusion will clearly go down as one of this year’s most over-hyped private equity stories. There have yet to be any formal allegations – save for what’s in that sloppy class-action suit – and the DoJ inquiry letters were vague enough to double as RFPs for a Private Equity for Dummies tome. In […]

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Just Linking Around

By Dan Primack — 11 years ago

Apologies for the light posting today – gotten a bit caught up both reporting and Internship Rodeo management. So just a few quick links to finish off the day (or to begin it, if you’re in Asia). * Charles River Ventures continues on its quest to become the McDonald’s of venture capital (QuickStart=Drive-Thru), this time […]

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MBA Internship Rodeo Begins

By Dan Primack — 11 years ago

The 4th Annual Internship Rodeo has begun, for first-year MBA candidates in search of summer internships in the private equity market. Thirty-nine firms are participating this year, including shops that focus on venture capital, growth equity, leveraged buyouts, funds-of-funds, real estate, investment banking, M&A and secondary transactions. The listings can be found in the MBA […]

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Google Waffles

By Alexander Haislip — 11 years ago

Eric Schmidt addressed a group of Princeton University Alumni this June, and said during the Q&A segment that Google would not be developing a corporate VC program (see PE Week: Google CEO jeers Microsoft’s VC program). Now, less than six months later, Google is in the game of making venture investments, like putting money into […]

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Oversubscription Overkill

By PEHub Administrator — 11 years ago

Buyout shops are constantly advertising the fact that their funds are oversubscribed. One need look no further than the headlines on some of the press releases they send out over the wires. But oversubscription might not be deserving of much bragging. For every oversubscribed fund, there’s at least one limited partner that didn’t get to […]

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How Important is a Diversified LP Base?

By Mark Cecil — 11 years ago

This week at Buyouts we’re writing about placement agents and I’ve begun thinking over the issue of how important it is to get placement agents to diversify LP bases for GPs. The basic premise is that if your LP base is diversified, then when a certain geographic area gets hot (the way Canada, Australia and […]

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I Want My VC TV

By Alexander Haislip — 11 years ago

“I went from basically being penniless to having more money than I knew what to do with,” house-selling Fred Wilson tells WallStrip about the $4.5 billion sale of Geocities to Yahoo in 1999. Fast forward to 2005 and Yahoo’s $30 million buy of del.icio.us and it’s easy to understand why a VC might want to […]

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Lenders Ignore Shakespeare At Their Peril

By David M. Toll — 11 years ago

Neither a borrower nor a lender be, advised Polonius in Hamlet, but that hasn’t stopped banks from doing both—even, of late, in the same transaction.  In the latest edition of Buyouts Magazine, Senior Editor Ari Nathanson reports on a little-noted aspect of the giant Clear Channel LBO agreed to last month. Along with providing debt […]

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Private Equity Council

By Dan Primack — 11 years ago

Bloomberg today reports that buyout firms are forming a lobbying group to fend off increased regulation. Kind of like an LBO version of the National Venture Capital Association. If this sounds kinda familiar, don’t be afraid. You probably just read about it back in July, when I wrote that it was being formed by Carlyle Group, Blackstone […]

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Shameless Self-Promotion

By Dan Primack — 11 years ago

Lots of talk about the new CNBC.com website today, where you can watch streaming video, access archived video, etc. And, if you act now, you can watch me discuss PE interest in casinos and other recreational plays. Or, you could just turn on your TV at around 4:30pm, on Closing Bell…

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“Bigger is Better”

By Dan Primack — 11 years ago

Scott Schoen of Thomas H. Lee Partners gave an interesting keynote speech at the Yale SOM Private Equity Conference last Friday. His general theme was that bigger buyouts are better buyouts, in part because larger deals finance better than do smaller ones. Some quick notes: * Schoen acknowledged that the biggest threat to mega-LBOs would […]

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