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Betting on Cleantech

12 years ago

The venture capital business typically alternates between cycles of greed and fear, but will be absent in the emerging clean and green technology sector as these normally opposing emotional forces become synchronized for long periods. As the scientific evidence of global warming and its consequences become clearer, we will become increasingly fearful of overheating the […]

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You’ve Got To Be Kidding

By Dan Primack — 12 years ago

I’ve never been to the La Jolla, Calif. headquarters of private equity consultant Pacific Corporate Group (I hear it’s quite gorgeous), but now imagine that somewhere in its luxurious bowels are compromising photos of public pension trustees. How else to explain the fact that PCG is a finalist for new mandates from the Oregon Investment […]

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Moritz On The Throne

By Dan Primack — 12 years ago

The latest Forbes Midas List is out, with Sequoia Capital’s Mike Moritz again taking the top spot. These rankings are always great conversation starters, but also should be taken with a giant grain of salt (kind of like the majority of conversations). Why? Because Forbes focuses on exit value — acquisition price or stock price after […]

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Document Dump

By Dan Primack — 12 years ago

Just cleaning off the desktop… It seems that Sean Parker has made his first (known) investment on behalf of The Founders Fund. It’s Berkeley, Calif.-based Philotic Inc., and seems to be an evolution of a politically-focused social networking site launched last fall called Predict06.com (site has since been disabled). The founder is a fellow ex-Facebooker […]

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Draper Nephews Profiled

By Alexander Haislip — 12 years ago

Nick Paumgarten of The New Yorker Magazine profiled Nat and Alex Wolff, the stars of The Naked Brothers Band movie and nephews of venture capitalist Tim Draper. Alex and Nat play pre-teen rockers in a movie written by Polly Draper, Tim’s Sister and former star of the TV show “Thirtysomething” where she played Ellyn Warren. […]

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More Garnett & Helfrich Trouble

By Dan Primack — 12 years ago

Garnett & Helfrich Capital is an apt name for the San Mateo-based venture buyout firm, because Garnett & Helfrich are about all that’s left. You might remember that the G&H recently lost director Mike Guthrie to Symphony Technology Group, which helped prompt co-founder Terry Garnett to cancel a planned move to London. The next to go […]

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Battery Maker Raises $40 Million

By Dan Primack — 12 years ago

Lots of VC chatter today about green energy, following President Bush’s lip service during last night’s State of the Union address. Most of the focus has been on increased ethanol production (did you see Iowa Sen. Charles Grassley cheer like Oprah had given him a new car?), but there also is piqued interest among those […]

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Better $ex

By Alexander Haislip — 12 years ago

The rich are different than everyone else: They have better sex. At least that’s the findings of a new survey by Prince & Associates and wealth consultant Hannah Grove. They found that 70% of today’s multimillionaires said being wealthy gave them “better sex.” Read the WSJ’s story on it or see the study. I’m not sure […]

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Wednesday Warblings

By Dan Primack — 12 years ago

The sun is shining, the State of our Union depends on who you ask and KKR was apparently jealous of Blackstone doing that Deutsche Telekom PIPE last year. In other words, it’s time for some Wednesday Warblings… First up are some responses to yesterday’s column, which suggested that the private equity party might be approaching […]

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“Team” Disappears at Garnett Helfrich

By Dan Primack — 12 years ago

Garnett & Helfrich Capital has lost its second private equiteer in as many months, and has at least temporarily removed the “Team” option from its website header. The latest departure is Betty Hung, who joined the firm just last July as vice president of portfolio operations. She’s now taken a similar gig with Vista Equity […]

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Tech IPO Market Optimistic

By Alexander Haislip — 12 years ago

Call it the return of IPO optimism. I can’t find any other reason why Isilon Systems (Nasdaq: ISLN) popped 78% on its first day and is up nearly 100% since its IPO little more than a month ago. The distributed storage systems company is one of the few private companies losing money that has actually […]

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Swift Leaves VC for Consulting

By Dan Primack — 12 years ago

peHUB recently reported that .406 Ventures had settled into the former Boston offices of Arcadia Partners, a dissolving firm that had focused on the education space. The piece mentioned that two of Arcadia’s three general partners were accounted for – Liam Donohue as a co-founder of .406 Ventures and Andrew Hallowell as CEO of Arcadia portfolio […]

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LPs Win One At The Negotiating Table

By David M. Toll — 12 years ago

Investors haven’t been in the driver’s seat for some time when it comes to negotiating terms of their LBO partnerships. Nevertheless, over the last few years they have succeeded in winning tougher key-person provisions, which are designed to protect investors in cases where key people abscond from a firm. Several years ago, a typical key-person […]

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RWI Fund Plods Along

By Alexander Haislip — 12 years ago

RWI Ventures continues to corral support for its second fund. The 6-year-old firm has raised just $65 million toward its $100 million target, according to a regulatory filing. That’s just slightly more than the $52 million it had raised by the end of June. The firm did not return calls for comment. The fund was […]

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Goodbye to Boomtown

By Dan Primack — 12 years ago

Private equity is not, nor has it been, in the midst of a bubble. Its recent boom-times have been driven by legitimate market factors, and risk has been so mitigated – via debt securitization, among other techniques – that today’s private equiteers are unlikely to suffer the same fate as venture capitalists circa 2001. But, […]

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2006: Return of the VC

By Dan Primack — 12 years ago

Venture capitalists invested more money into more companies last year than in any other year since 2001, according to MoneyTree Survey data released today by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Financial (full data after the jump). 3.416 U.S.-based companies received just over $25.5 billion in 2006, compared to 3,100 companies raising nearly […]

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Segway Seeks $20 Million

By Joanna Glasner — 12 years ago

VCs apparently haven’t given up on Segway Inc., a Bedford, N.H.-based maker of two-wheeled, self-balancing vehicles. The company is seeking to raise $20 million through sales of Series C preferred stock, according to a recent regulatory filing with the SEC (and already has $10.2 million secured). Since 2000, Segway has received approximately $126 million in […]

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