A Whole New Ballgame

11 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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My SOX Testimony

11 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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Searching for Alpha in Private Equity

By David Tom — 11 years ago

I was at a private equity conference last week focused on issues of interest to Limited Partners. One of the things that struck me was several Limited Partners who described investing in private equity as “the search for alpha.” While in the past I have heard many Limited Partners talk about alpha, I have found […]

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From the Colbert Report to Attributor

By Marco DeMiroz — 11 years ago

In a recent New York Times article, Viacom CEO Philippe Dauman sounded exasperated: “Every day we have to scour the entirety of what’s available on YouTube, so we have to look for our stuff,” and added, “It is very difficult for us and places an enormous burden on us.” This overt frustration is not limited […]

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The Tax Man is Coming

11 years ago

Hold on to your wallets. Several tax changes have been bandied about recently aimed at raising revenue under new PAYGO rules adopted by the 110th Congress. One of them is the focus of a New York Times article, which would eliminate the offshore exemption for Unrelated Business Taxable Income (which is commonly dyslexically called “UBIT”) […]

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Breaking up is hard to do (with a General Partner)

By David Tom — 11 years ago

In a recent article in The Financial Times, Harvard Business School Professor Josh Lerner closed his discussion on the performance of portfolios of private equity partnerships by noting: But a large portion of the differences [in the performance of private equity portfolios] seems due to simply superior decisions about funds to invest in, and which […]

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Stop! In the Name of Love, Before You Break My Heart…

By Bart Schachter — 11 years ago

Diana Ross may be fretting, but the Supremes are betting! Specifically, they are betting that their recent decision on patent protection won’t stifle innovation (as some critics have argued), but actually will increase the relevancy of intellectual property in the economy. The Supremes have recently issued four rulings which would seem to significantly narrow the […]

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Helping to Further Flatten the World, One Map at a Time…

11 years ago

In my debut blog for peHub, Dan has graciously provided me the forum to selfishly promote our newest investment at RedShift Ventures, a Series A funding for TerraGo Technologies. Gotta love these New Media-oriented reporters – thanks Dan!! TerraGo Technologies is focused on leveraging the Adobe platform to provide robust geospatial data to the masses… or […]

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3 Myths and 1 Reality about Early-Stage Investing

By Charles Beeler — 11 years ago

To paraphrase Mark Twain, reports of early-stage investing’s demise are greatly exaggerated. If the market holds true to form, there should be between $2 billion and $3 billion invested in first-round financings during the first half of 2007. But to many, the bloom is off the early-stage rose, with some VCs even going so far as to […]

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Trouble Brewing

11 years ago

As a security industry vet and one of a handful of guys who developed the Cisco PIX Firewall (PIX is everywhere – if you are reading this from a computer at work, the text you’re reading most likely just traversed one), I can say with certainty that I am unable to protect myself from this sort […]

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Private Equity — Investing in America’s Future?

By Amanda Duckworth — 11 years ago

Just as private equity dominates news headlines today, the masters of the Wall Street universe 20 years ago were an investment bank (Drexel Burnham Lambert) and a form of debt with which the firm had become inextricably linked (the junk bond). They were fabulously successful for nearly 10 years, but Drexel’s high yield empire didn’t […]

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Alexis Gets Fired

11 years ago

Dear Readers (all 3 of you): Rather than waiting for Dan to fire my ass, I am voluntarily quitting blogging as I think I’m just too superficial and pollyanna to want to deal with the type of ire that some of my “random walks through Alexis’ brain” have provoked. No worries – my friends will […]

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No Choice But to Sell

11 years ago

“Sell.” This is often my first thought when I see take-private offers announced (strategic or financial), and that was again the case with this week’s big deal. In an offer clearly designed to discourage any competition, News Corp. bid for Dow Jones the way the Rangers bid for A-Rod. It made me think of the old […]

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Five Myths of Being Small

By David Tom — 11 years ago

My employer, VCFA Group, was the first firm formed to purchase private equity interests on a secondary basis and has raised approximately $750 million over the course of its 25-year history. At a time when other secondary firms are closing on multi-billion dollar funds (Goldman’s latest secondary private equity fund was in excess of $3 […]

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The Quick & Dirty on Cleantech

11 years ago

More than a year in the making, the team at Lux Research this morning released the key findings for The Cleantech Report, its 600+ page authoritative study on energy and environmental technologies (Full disclosure: I’m a founder of Lux Research and my venture firm Lux Capital is an investor). Some quick highlights from the study:Cleantech’s undiscovered gem […]

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Early Adopters and the Icon Factor

11 years ago

This column is inspired by the reader who remarked that my last column was little more than sophomoric drivel. This posting attempts to be more useful…  To continue our cleantech exploration, Ben Dubin, managing partner of Asset Management Company, recently shared his views with me. Ben is a prototypical early adopter of green and clean technology. He personally […]

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Improving the PE Image in Europe

By David Silver — 11 years ago

Private equity has become the subject of extensive debate here in Europe. In particular, much has been made of the tussle between the unions and the large buyout funds. Little of the criticism is justified, although there is widespread recognition that disclosure by private equity firms, and their portfolio companies, can be improved. There has […]

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The Right Way to Right Size?

By Kelly DePonte — 11 years ago

Though I find myself usually agreeing with Professor Primack, this time I think he has it wrong on the middle market carry issue, both on a couple of points he made as well as some items he passed over. Mega Funds as a threat? In Dan’s hypothetical discussion he has the middle market GP arguing […]

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