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The Charismatic Queen Bee

By Amanda Palmer — 12 years ago

The buxom and beautiful Nicola Horlick has long been regarded as the City of London’s Queen Bee. She has worked in the fund management industry for over two decades and has participated in the growth of some of the UK’s premier asset management businesses, including Mercury Asset Management (now BlackRock), Morgan Grenfell Asset Management (now […]

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The (VC) World According to Marc

By Lawrence Aragon — 12 years ago

Marc Andreessen has posted some thoughtful comments about VCs on his blog in a three-part series titled “The Truth About Venture Capitalists.” It’s always interesting to hear what a non-VC thinks about the VC business. MBA students who want to get into VC will probably find it the most useful. Andreessen is generally favorable about VC […]

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Apax Raising $13.1B

By Alexander Haislip — 12 years ago

Apax Partners Worldwide has closed $212 million of a purposed $13.1 billion fund, according to a regulatory filing. The new fund would be more than double the $5.36 billion Apax Europe VI, its previous fund, raised in 2004. The Pennsylvania State Employees’ Retirement System approved a $133 million investment in the fund in January of […]

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5 Questions for Ted Murphy, CEO of PayPerPost

By Dan Primack — 12 years ago

PayPerPost tomorrow will announce that it has raised $7 million in Series B funding, from insiders Draper Fisher Jurvetson, Inflexion Venture Partners and Village Ventures. The controversial company essentially matches up bloggers with advertisers, with the former being paid to write (positively) about the latter. Consider it a model that would ace business school, but […]

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JPMorgan Drops Do-Gooders

By Alexander Haislip — 12 years ago

Doing good is apparently not good enough. JPMorgan Chase (NYSE: JPM) is spinning off its Bay Area Equity Fund (BAEF), which invests in socially beneficial startups, PEHub.com has learned. The move appears to be part of JPMorgan’s desire to reduce its exposure to private equity. San Francisco-based BAEF, led by Managing Directors Nancy Pfund and […]

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Me.dium Gets Closer to Launch

By Dan Primack — 12 years ago

When I was out in Colorado earlier this year for VC in the Rockies, I discussed a presentation by Me.dium, which has developed an Internet browser add-on that “reveals the hidden world of people and activity behind your browser.” The company today announced that it has raised $15 million in Series B funding, so let’s […]

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Blackstone Compensation Revealed

By Dan Primack — 12 years ago

The Blackstone Group just filed another amended S-1 for its upcoming IPO, in which it disclosed plans to sell around 133.33 million common units at between $29 and $31 per unit. This would give Blackstone a market cap in excess of $33.62 billion, if it were to price at the top of its range. But […]

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Friday Document Dump

By Dan Primack — 12 years ago

Just cleaning off the desktop… * Thomson Financial has published two short reports of interest. The first one is about private equity investment in the biotech sector, and how both VC and buyout firms have significantly increased their recent investments. The second is about how strategic buyers actually pay higher premiums for public companies than […]

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Who Is Your Customer?

By Dan Primack — 12 years ago

I ventured outside the home office yesterday to have lunch with an out-of-town VC, at the picnic-tabled Barking Crab on Fan Pier in Boston. Be forewarned that if you ever go out to lunch with me, that’s probably where you’ll end up. Great place, but the shoulder-to-shoulder lunch crowd wasn’t terribly conducive for sharing gossip. […]

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Benchmark Weans Europe

By Dan Primack — 12 years ago

Benchmark Capital Europe is no more. Long live Balderton Capital. The UK-based venture shop announced today that it is spinning out as an independent entity, seven years after being formed by its Silicon Valley namesake. It’s really a rebranding more than anything else, as Benchmark Capital Europe was mostly antonymous to begin with. It never held regular […]

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Ex-Buyout Pro Sues Borat

By Dan Primack — 12 years ago

I had always assumed that if someone from Carlyle Group was to sue a filmmaker, the target would be Michael Moore. But I was wrong: It’s Borat. Actually, it’s an ex-Carlyle employee – a former low-level drone named Jefffrey Lemerond – who was probably still working for the firm when he ran into Borat on a New York […]

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Volunteering with BizWorld

By Alexander Haislip — 12 years ago

I got a chance to volunteer at the Carden El Encanto Day School in Santa Clara as a BizWorld teacher Wednesday and loved it. Tim Draper invented BizWorld in 1993 to explain his job to his daughter. The program teaches grade-schoolers about entrepreneurship, product design, manufacturing, marketing, sales, revenue, profit, equity, pitching VCs, patents, acquisitions […]

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A Whole New Ballgame

12 years ago

Yesterday I attended the ACG M&A Conference in Boston, and was  looking forward to the luncheon comments of Michael Lewis. His previous book – Liar’s Poker – was an interesting read and I’ve suggested it to more than a few folks who wanted to know what investment banking would be like if they jumped in as […]

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Wednesday Warblings

By Dan Primack — 12 years ago

Wednesday Warblings The sun is shining, yet another round of premature presidential debates are over and the ACG Boston Growth Conference is underway just a few blocks away from my spacious cubicle (if you advertise, I will shill). In other words, it’s time for some Wednesday Warblings. A real grab bag today, as we haven’t […]

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Day in the VC Life

By Dan Primack — 12 years ago

This has apparently been floating in the email ether for a while (note the 2004 election reference), but is nonetheless worth passing on. No idea who wrote it… West Coast Biotech VC daily calendar: 5:45am – Alarm clock. Pick up Blackberry from nightstand, fire off an email to portfolio company CEO to demonstrate “round-the-clock” vigilance. Go […]

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Trimaran Grasps At Funds

By Dan Primack — 12 years ago

When we last discussed Trimaran Capital Partners, it was in the context of canceled fundraising and the resignations of several key partners. Things looked bleak. Very bleak. But a ray of sunshine seemed to emerge this morning, when LBO Wire reported that Trimaran had “assembled several hundred million dollars from at least two of its […]

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My SOX Testimony

12 years ago

What follows is the prepared statement I gave at a House Small Business Committee hearing yesterday, on the subject of proposed reforms to Sarbanes-Oxley. Specifically, I wanted to talk about whether or not the new standards would lower compliance costs for small companies: Chairwoman Velazquez, Ranking Member Chabot and Members of the Committee, my name is […]

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Your Daily Dose of Blackstone

By Dan Primack — 12 years ago

The Blackstone Group has abandoned plans to book its profits at the time of deal close, according to the massive S-1 amendment it filed yesterday. And the entire buyout industry breathes a sigh of relief. It’s not that the plan was considered illegal (it wasn’t), but rather that it opened up an enormous can of […]

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