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Ethanol Peak in Rearview Mirror

12 years ago

It seems that we may be on the back end of the ethanol (and biodiesel) peak. While the President continues to call for increased consumption, the wonders of the invisible hand are working in the real world.   If dealflow is any guide, we are seeing fewer investment proposals. There was a time when these ideas […]

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My Take on FilmLoop Saga

By Dan Primack — 12 years ago

A lot of you have been writing in to ask my take on the FilmLoop situation, in which one of its VC backers – ComVentures — allegedly engineered a company liquidation by having it get acquired by another one of the VC firm’s portfolio companies. Questions about self-dealing, ethics, actual facts, etc. Oh, and TechCrunch’s […]

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(Baby) Booming Health Services Market

By Dan Primack — 12 years ago

Yesterday I was interviewed by a Boston radio station that’s doing a piece on the finances of drug rehab centers, like Bain Capital’s $723 million acquisition last year of CRC Health Group. I broadened the conversation a bit to discuss specialty healthcare facilities in general, since most of them have similar value propositions: Guaranteed reimbursement […]

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Arrington Fires FilmLoop Flap

By Alexander Haislip — 12 years ago

FilmLoop co-founder and company Chairman Prescott Lee says ComVentures, one of his startup’s backers, forced the short-order liquidation of his startup, did not adequately shop it around to potential acquirers and rolled it up into one of its other portfolio companies at the founders’ and employees’ expense. But he does not claim any laws were […]

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The Hot Dane Phoned!

By Amanda Palmer — 12 years ago

This morning I awoke to the perma-grey of London with the quality of hangover that can only truly be achieved when your Cockney neighbor pops by, you offer her a glass of wine and three and a half bottles and a cheese board later you find yourself dancing around your living room to Missy Elliot […]

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The Soldering Of Weak Links

By David M. Toll — 12 years ago

At least three companies owned by buyout firms made Standard & Poor’s monthly “weakest-link” list released today (Feb. 15)—Duane Reade Inc., Sunny Delight Beverages Co., and Ziff Davis Media Inc. It’s an ignominious distinction to be sure. But each company has been posting better results, and don’t expect their owners to give up without a […]

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Buh-Bye: Dali Hook Splits Up

By Dan Primack — 12 years ago

Dali Hook Partners is no more, as co-founders Paul Dali and David Hook appear to have gone their separate ways. Dali is now in charge of successor firm Keynote Ventures, while Hook is running a separate entity called Baymark Partners. The two venture veterans formed Dali Hook in early 2001 to make early-stage investments in […]

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Visto CEO Confirms Funding

By Dan Primack — 12 years ago

Visto CEO Brian Bogosian is in Barcelona today, but just called in to discuss his company’s financial situation. He confirms that Visto raised a $35 million up-round at the end of 2006, and says that Visto has “the strongest balance sheet we’ve ever had… The idea that we’re in financial trouble is complete BS.” I […]

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Take Visto Out of Deadpool

By Dan Primack — 12 years ago

(Update here) Mobile email company Visto Corp. is not on the edge of financial collapse, despite such insinuations this morning from ValleyWag. In fact, multiple sources tell me that the Redwood City, Calif.-based company raised an undisclosed $35 million venture round at the end of December, led by new investor Altitude Capital Partners. Negative speculation […]

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Record Buyout Volume in Canada

By Dan Primack — 12 years ago

It seems like the 2005 drop in Canadian buyout volume was an aberration, based on new data from the CVCA and Thomson Financial. Disclosed values for buyouts of Canadian companies totaled a record US$10.9 billion last year, which is more than double the $4.5 billion tally from 2005. It also is higher than the $6.7 […]

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ClearWire Raises IPO Ante

By Dan Primack — 12 years ago

When Craig McCaw’s ClearWire Corp. filed for a $400 million IPO in May 2006, it never got around to filing an amended S-1 with specific offering terms. Instead, the Kirkland, Wash.-based WiMAX company designed a $900 million private equity infusion led by Intel Capital. This time, however, it seems that ClearWire is moving forward. It […]

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Verdict: Warburg Pincus Guilty

By Dan Primack — 12 years ago

Warburg Pincus has taken a legal double-whammy in a South Korean court, on charges that it had engaged in insider trading of LG Card shares. Prosecutors had indicted Warburg Pincus managing director Hwang Sung-jin last April, and yesterday a judge sentenced him to four years in prison. The judge also fined Warburg Pincus approximately $57 […]

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ComVentures on the Ropes

By Alexander Haislip — 12 years ago

When TechCrunch put FilmLoop in its “DeadPool,” citing layoffs and poor user adoption, I uninstalled the service from my laptop. I liked the product well enough and had even used it on PEHub, but I’m obsessive about computer clutter, so when TechCrunch pronounced it dead, I deep-sixed the software. Now more details emerge. TechCrunch writes […]

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China Investment UP in Q4

By Alexander Haislip — 12 years ago

Venture capital investment in companies headquartered in China reached the highest point in three years with 214 deals and $1.89 billion invested in 2006, according to Dow Jones VentureOne and Ernst & Young. Here is the data: the Numbers This represents a 37% increase in deal flow and a 55% increase in capital from 2005. […]

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ePlanet Co-Founder Sued

By Alexander Haislip — 12 years ago

Roderick Thomson, a co-founder of DFJ ePlanet Ventures, is being sued Finova Capital for $2.4 million associated with the lease of a Boeing 727 during 2000, Red Herring reports. The jet was used for a time, racking up nearly half a million dollars in unpaid rent, and an undetermined amount in maintenance costs. The court […]

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Botha Yanks Vids

By Alexander Haislip — 12 years ago

Sequoia Capital Partner Roelof Botha pulled his public videos from YouTube, the video sharing site he invested in, days after gossip weblog Valleywag pointed to his video stream. Botha had uploaded videos of his baby daughter, an a cappella duo singing ballads about YouTube at Sequoia Partner Pierre Lamond’s house, and one of himself in […]

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DT Ventures Nears Close

By Alexander Haislip — 12 years ago

DT Ventures has raised $122 million in commitments for its second fund, according to a regulatory filing. The Hong Kong-based firm—formed as a partnership between Lightspeed Venture Partners, Madrone Capital Partners and Pantheon Capital—has set a target of $130 million for DT Ventures China Fund II. The firm (which is also known as DragonTech Ventures […]

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Memo to Steve Schwarzman: Hire a Clown

By Dan Primack — 12 years ago

Tomorrow night, Blackstone Group chief Steve Schwarzman will throw himself an ostentatious 60th birthday party, complete with some crooning from Rod Stewart. The New York society pages estimate that the bash will cost in excess of $4 million, and I’m told that Schwarzman is a bit uncomfortable that the details are being scrutinized as if […]

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