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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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Greycroft Ups Fund Size

By Alexander Haislip — 12 years ago

Greycroft Partners, the venture firm founded by Alan Patricof, has upped its inaugural fund size to $75 million, according to a regulatory filing. The fund was set at nearly $55 million. But since then, Patricof has hired a partner in Los Angeles, Dana Settle (former veenture partner with Mayfield Fund) and Drew Lipsher (former head […]

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Stealth Alert: Project Hi-Fi

By Alexander Haislip — 12 years ago

Project Hi-Fi is working on a “social networking website” that could “literally affect half the people in the United States,” according to regulatory filings and its website. The site says it is addressing a $100 billion market.The startup is the brain-child of CEO Steven Carpenter, a former strategy director at RealNetworks, who began to raise […]

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Alien Tech Raising $144M

By Alexander Haislip — 12 years ago

RFID maker Alien Technology is calling on private investors to raise $144 million, according to a regulatory filing. The financing comes after the Morgan Hill, Calif.-based company nearly went public in the summer. Alien Tech had initially planned to sell 9 million shares of common stock at a price between $10 and $12 per share. […]

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Henley Sings Draper

By Dan Primack — 12 years ago

I’ve been to lots of private equity conferences, but have never experienced quite so bizarre a scene as Tim Draper singing, rapping and playing air guitar at the end of his keynote presentation. It seems that the ubiquitous VC had won a charity auction item to write song lyrics to a tune that would then be […]

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Ex-Ofoto CEO Joins Bridgescale

By Dan Primack — 12 years ago

James Joaquin and Matthew Cowan first met in 1999, when Joaquin was with When.com and Cowan was looking to invest on behalf of Bowman Capital. The deal fell apart when Joaquin and his team opted for an acquisition offer from AOL, but the two again crossed paths last year when Joaquin was CEO of Xoom […]

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Directors Running Scared

By Dan Primack — 12 years ago

Blackstone Group honcho Steve Schwarzman just finished up a keynote here in Philly. Nothing too surprising, with the regular litany of driving forces behind the trend of multi-billion dollar companies being taken private: Lower cost of capital, Sarbanes-Oxley, junk bond market health, debt securitizations, etc. But one brief anecdote of interest: First, a public company […]

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The End of Writing?

By Dan Primack — 12 years ago

Tim Draper delivered the opening keynote at today’s Wharton Private Equity Conference, and spent a lot of time discussing the transformative power of new technology. One comment that stood out was about writing, and the idea that it could become antiquated within just another generation or two. What would replace it? Video. Draper argued that the act/art […]

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Stealth Alert: TeeBeeDee

By Alexander Haislip — 12 years ago

Friendster, Facebook and other social networking sites may be vying for teens and college-age users. But the older generations are perhaps the new target for the next generation of social media websites. Witness TeeBeeDee, an online destination for baby boomers that is still in stealth mode, which has raised $1.6 million of a Series A-2 […]

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Emerging Managers Keep… Emerging

By Dan Primack — 12 years ago

I wrote here yesterday that a seed-stage fund called MentorTech Ventures just closed its inaugural fund. This was done in the context of today’s jaunt down to Philly (I should leave soon, since my plane does), because MentorTech focuses primarily on IT and medical device companies that originate within the University of Pennsylvania. But it also […]

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Vornado Tops Blackstone

By Dan Primack — 12 years ago

The largest leveraged buyout in history may have just gotten larger. Vornado Realty Trust just announced that it has offered $52 per share for commercial real estate giant Equity Office Properties Trust, with Starwood Capital and Walton Street Capital also participating. This tops an existing $48 per share bid from The Blackstone Group, and would […]

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Document Dump

By Dan Primack — 12 years ago

Just clearing off the desktop… * A client letter from law firm Debvoise & Plympton on the SEC’s narrowing of who may invest in private equity and hedge funds: DebvoisePlympton.pdf * Year-end 2006 M&A Briefing from The Corum Group, which is focused on the software and IT markets. I’m actually using some info from this […]

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MentorTech Closes Inaugural Fund

By Dan Primack — 12 years ago

Just one day away from heading down to my old hometown – or at least my old college town – of Philly for the Wharton Private Equity Conference. During last year’s event, I met a former Wharton faculty member named Michael Aronson. He was running a business incubator on the U Penn campus, and was […]

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