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New Regulations

13 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 — 13 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 — 13 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 — 13 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 — 13 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

13 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 — 13 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 — 13 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 — 13 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 — 13 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 — 13 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 — 13 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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Scoop Haislip in the latest issue of PE Week

By Alastair Goldfisher — 13 years ago

The latest issue of PE Week features a scoop by our reporter, Alexander Haislip, who delves into the legal bind that VC-backed NetPickle finds itself in. Company founders Lance Tokuda and Jia Shen, who raised about $1.5 million from Sequoia Capital and others, are accused of code theft, misuse of company time, and failing to […]

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This week in Buyouts Magazine…

By Mark Cecil — 13 years ago

This issue of Buyouts breaks loads of news on tech buyout funds and includes an in-depth look at an issue that’s popping up in the news more and more: The buyout industry’s interest in renewable energy, and more specifically ethanol. Buyouts editor David Toll was able to uncover the doings of a number tech funds […]

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On Air Now…

By Dan Primack — 13 years ago

NPR’s OnPoint program is currently broadcasting a conversation on private equity, with Bob Kuttner of The American Prospect and Steve Kaplan of the University of Chicago. Update: The broadcast is now over, but definately worth a listen. Podcast should soon be available at http://www.wbur.org/listen/podcasts/

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Environmental Column Intro

13 years ago

I suggested to Dan that the private equity community was ready for a columnist who addresses environmental issues. He agreed.  So, is this going to be a column about soil and groundwater contamination, asbestos, and permitting?  I hope not. You see, the term environment is so much broader than that, and some of the more current issues […]

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Oops: Mistakes in LBO Suit

By Dan Primack — 13 years ago

It’s now been two days since a few disgruntled shareholders filed what they hope will become a class-action lawsuit against 13 top private equity firms. I hope that it doesn’t. To be clear, I am not an apologist for private equity firms. I think many of them charge unfair transaction fees to their limited partners, and […]

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