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New Sequoia Growth Fund

By Alexander Haislip — 12 years ago

This just in: Sequoia Capital has raised another growth fund. PE Week subscribers can get the full story today. Looks like it isn’t having the same problems that are making it hard for Draper Fisher Jurvetson to close its first growth fund.

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Butt Kicking Investment

By Alexander Haislip — 12 years ago

The International Fight League has raised $32.5 million from 21 investors for the “development of an integrated media and entertainment company involving a mixed martial arts sports league” according to a regulatory filing. No mention of private equity shops involved.

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VantagePoint Stays Dark in Israel

By Dan Primack — 12 years ago

VantagePoint Venture Partners is not closing its Israel office, as reported earlier today by VentureBeat. Why? Because it never opened one. VPVP spokeswoman Christine Hinton says that the firm had been evaluating an Israel office for the past two years, but that it never actually pulled the trigger. A review of VPVP’s cached website since 2003 supports her […]

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Bezos Goes Web 2.0 Wild

By Alexander Haislip — 12 years ago

Amazon.com’s CEO is testing the Web 2.0 waters with a series of internet-related investments.He backed search engine ChaCha’s in its $6 million Series A investment round through Bezos Expiditions this past week. Amazon, through Amazon NV Investment Holdings, invested in Wikia’s $10 million Series B in December, presumably to help the for-profit sister of Wikipedia […]

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Knightsbridge Spawns FoF

By Alexander Haislip — 12 years ago

Four former principal investors of Knightsbridge Advisors, a fund-of-funds focused on U.S. venture capital, have resurfaced to launch a new fund-of-funds, according to a regulatory filing. Managing Principals Judith Elsea, Tim Bliamptis and Brad Hammond and Principal Sandra Wallis are co-founders of Weathergage Venture Capital Management Partners. Each of the investors had worked at least […]

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DFJ Growth fund: DOA?

By Alexander Haislip — 12 years ago

A year is a long time to take raising a fund. But after 12 months of solid year of fund-raising, Draper Fisher Jurvetson’s growth affiliate has finally crossed the halfway point in raising its first fund, closing on $128.6 million in commitments toward its $250 million target, according to a regulatory filing. The growth effort […]

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Q4 Fund-Raising Blues

By Dan Primack — 12 years ago

Venture capital firms raised less fund capital in Q4 2006 than in any other quarter since Q1 2004, according to new data released today by Thomson Financial and the National Venture Capital Association. The results are particularly surprising because fund-raising usually spikes in fourth quarters, as limited partners work to finish off their annual allocations. […]

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Good for Patents, Bad for VCs

By Dan Primack — 12 years ago

I spent the first half of today watching SportsCenter reruns (Troy Brown sure is swell), followed by a bit of research for a VC Investment in Digital Media panel I’m moderating this Friday at the Wharton Private Equity Conference. Among my reference materials was a 2002 BusinessWeek Q&A with Morgenthaler Ventures partner — and Wharton […]

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Keynote Speakers Announced

By Dan Primack — 12 years ago

The 19th Annual Buyouts Symposium East will take place on April 16-18, at the Grand Hyatt in New York City. And today I’m pleased to announce that our first two keynote speakers will be Rudy Giuliani, former NYC Mayor and presumptive presidential candidate, and Dan D’Aniello, co-founder and managing director of The Carlyle Group. Giuliani and […]

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5 Questions for Austin Beutner

By Dan Primack — 12 years ago

I-banking botique Evercore Partners today announced that it has hired Jim Matthews, formerly with Welsh Carson Anderson & Stowe, as its new co-head of private equity. The private equity group currently manages over $1.2 billion, which it invests in both venture capital and buyout transactions. So let’s play 5 Questions with Austin Beutner, Evercore’s co-CEO, […]

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MySpace & YouTube Are Tools, Not Gold

12 years ago

Bambi Francisco wrote several months ago: “Those who dig for gold rather than those who supply the picks and shovels make the most money. That observation holds true if you just take a look at MySpace and YouTube.” Separately, she notes that Steve Case made a similar comment years ago. Few would disagree that the content […]

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Friday FeedBack

By Dan Primack — 12 years ago

The sky is gray, we finally have a nickname for private equity pros and my Sunday will include three hours of the Pats pounding the Chargers, and two more of Jack Bauer pounding the bad guys (plus some misguided good guys). In other words, it’s time for Friday Feedback. Most correspondance this week concerned Monday’s […]

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“Private Equiteers”

By Dan Primack — 12 years ago

Fortune yesterday published its 2007 private equity outlook, and I’m already crowning it Most Influential Private Equity Article of the Year. No, not because of its actual analysis – which mostly comes courtesy of Carlyle’s David Rubenstein and Quadrangle’s Steve Rattner – but rather because it has introduced a clever new term to the financial […]

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More 2006 Data: Healthcare VC

By Dan Primack — 12 years ago

Venture capital commitments to healthcare companies rose for the fourth straight year, according to a new report out today from Healthcare Corporate Finance News. The final tally represented an 18% increase with $8.6 billion from 463 deals, with a median deal size of $12.5 million. Here’s the data: Healthcare.htm

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Record Year for Cleantech Investing

By Dan Primack — 12 years ago

Venture capitalists pumped $2.9 billion into North American cleantech companies last year, according to a new report from the Cleantech Venture Network. This is a 78% increase over the 2005 tally of $1.6 billion, and a 140% increase over the $1.2 billion invested in 2004. Expect yet another rise in 2007, at least judging by […]

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Self-Promotion Alert

By Dan Primack — 12 years ago

I’ll be on CNBC’s Squawk Box tomorrow morning at 8am ET. Topics will include the GE Plastics transaction (see below), club deals in general and the possibility that Cerberus could top Blackstone’s bid for Equity Office. UPDATE: It got a little heated on the GE Plastics issue. See the video here

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GE Plastics: Let’s Go Clubbing

By Dan Primack — 12 years ago

Goldman Sachs is not prohibiting club deals in the $10 billion auction for General Electric’s plastics unit. Moreover, it could care less about the sleepy Department of Justice “inquiry” into private equity collusion. Forgive my declaratives, but something needed to be said after the Wall Street Journal incorrectly published the following in yesterday’s edition (sorry for the delayed […]

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Lesson for 2007: Tech ≠ IP ≠ VC = Cashflow * Leverage Multiple (Bank$$$) = LBO = PE

12 years ago

Remember all those venture-backed companies that promised to turn dreams written on the back of napkins into real businesses (my erstwhile colleagues at Robertson Stephens earned many shiny nickels supporting those arguments)? As you PE professionals correctly predicted, most of them went under or were absorbed into more established entities.  However, the most amazing thing has happened over […]

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