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4th Annual Internship Drive

By Dan Primack — 12 years ago

Both Yale and MIT are holding their annual PE/VC conferences later this week – Yale on Friday, MIT on Saturday – and it’s certain that both will be crawling with MBA candidates in search of future work. To those planning to graduate this spring, I wish you the best of luck. For you first-year folks, […]

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Three Pounds of Pulp or Three of Thought

12 years ago

It’s no secret that America is no longer the sole dominion of innovation and entrepreneurship. You’re just as likely to find an enthusiastic power point-wielding entrepreneur in the Starbucks of Shanghai, Mumbai or Beijing as you are in Silicon Valley. This is no protectionist rant. I believe global investing is the next step in venture […]

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More HCA Filing Fun

By Dan Primack — 12 years ago

It seems that ludicrous/lucrative transaction and management fees aren’t all that HCA disclosed in the 8-K form it filed last Friday with the SEC. Check out this passage that reader Zach noticed on page 12 (the bolding is mine): “In each of the employment agreements with the Executives (exclusive of Robert A. Waterman), the Company also commits to […]

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5 Questions with Neal Aronson

By Dan Primack — 12 years ago

Roark Capital Group of Atlanta recently acquired Schlotzsky’s Inc., an Austin, Texas-based sandwich shop chain with around $210 million in annual revenue. The deal was officially made by Roark-controlled Focus Brands, and is just the latest in a long line of restaurant industry deals this year. So let’s play Five Questions with Neal Aronson, managing […]

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Gobble Gobble

By Dan Primack — 12 years ago

In 2001, the Boston Red Sox hiked ticket prices just 24 hours after the New England Patriots had won their first Super Bowl. It was an egregious increase, but no one noticed. People also don’t notice much on the day after Thanksgiving, because they either are suffering tryptophan hangovers or are in pre-stampede mode at […]

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New Regulations

12 years ago

Many of you are familiar with the term “Phase I.”  Do you also know (your attorneys do) that the standard (I tend to call it a procedure) we use to develop Phase I’s was first written in 1996, rewritten in 2000, and as of November 1 there is a new “standard” in place. So what? […]

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Where in the World?

By Dan Primack — 12 years ago

I’ve spent the first few post-launch weeks in my Framingham, Mass. home office, but it’s now time to put on some shoes and hit the conference circuit (with a brief interruption for the holiday party circuit). So, in the spirit of shameless self-promotion, I’ll be at the: Yale SOM Private Equity Conference This Friday in Rye […]

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Monday Link Love

By Alexander Haislip — 12 years ago

A few interesting Web tidbits for you today: Ross Levinsohn was fired from News Corp for raising a $500 million Internet roll-up fund, Tony Perkins tells Sarah Meyers of Internet TV show Pulse at the DFJ Schmoozefest. Red Herring reports computer maker Dell, with its $60 million market capitalization, could be a takeover target. It […]

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DFJ & Partech Settle Suit

By Alexander Haislip — 12 years ago

Draper Fisher Jurvetson, Partech, and one other VC firm settled a lawsuit leveled at them by the former CEO of portfolio company Agentis International, who alleged he wasn’t getting the severance package the VCs had promised him, according to court documents obtained by PE Week. You can read the story here. Behind the velvet rope, […]

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Bain to Buy Back In?

By Dan Primack — 12 years ago

Bain Capital is running out of money. Of course, that’s a bit like saying that an ATM machine is running out of money: Rest assured that someone will show up in the morning to fill ‘er back up. The Boston-based firm had raised $10 billion this past spring, including an $8 billion general fund and […]

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Mid-Decade Musings

12 years ago

Lean venture capital returns are in their seventh year but, barring force majeure-type events, we should enjoy more positive results starting in 2007. Why? Because we’ve largely cleared the bubble wreckage, the second wave of the Internet is upon us and new disruptive technologies are emerging to create new industries.   During the bubble, the VC […]

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Introducing: Featured Event Listings

By Dan Primack — 12 years ago

We’re continuing to tinker with the site, and the latest addition is the introduction of our Featured Event Listings. Anyone can post an event notice for free, which lets you display the event name, location, time and website. But those wanting to both highlight their event (notice the shaded calendar boxes) and provide more detailed […]

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RockYou Settles

By Alexander Haislip — 12 years ago

RockYou settled with Iconix, less than a week after we broke the news of the court injunction filed against the Sequoia startup. Judge Saundra Brown Armstrong had issued a preliminary injunction that favored Iconix, which formerly employed both Lance Tokuda and Jai Shen, the founders of NetPickle (aka RockYou). She ruled that there is enough […]

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More PE-Backed Ethanol Troubles: Hawkeye Pulls IPO

By Dan Primack — 12 years ago

Hawkeye Holdings, an ethanol company owned by Thomas H. Lee Partners, today pulled the plug on its proposed $350 million IPO. It had postponed the offering back in September (just as it was scheduled to price), with CEO Bruce Rastetter saying: “We have decided to temporarily delay our IPO in light of current conditions in […]

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Fundraising Notes

By Dan Primack — 12 years ago

Private equity fundraising has broken volume records each of the past three years (including 2006), and a reporter yesterday asked if I thought the trend would continue in 2007. My answer was affirmative. From a buy-side perspective, I expect the limited partner community to increase its already-ravenous private equity appetite. Three reasons: 1. A continued […]

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ZipCar Keeps Chugging Along

By Dan Primack — 12 years ago

ZipCar Inc., the nation’s largest car-sharing service, has quietly raised $25 million in its second round of venture capital funding. Greylock Partners led the “Series E” deal, while return backers included Benchmark Capital and Boston Community Ventures. Car-sharing initially began as a “green” concept in the late 1990s, but since has grown into a full-fledged […]

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The Sorkin Roadmap for Fairness

By Dan Primack — 12 years ago

Andrew Ross Sorkin of NY Times Dealbook has developed some middle ground between Ben Stein’s call for banning management buyouts and the private equity market’s calls for continued regulatory indifference. Specifically, he has a four-part plan for fixing certain problems inherent in management buyouts. It goes like this: 1. Require that a majority of minority shareholders approve the […]

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