The Right Way to Right Size?

By Kelly DePonte — 12 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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Top 10 Trouble Signals about Environmental Due Diligence

12 years ago

I’ve been pretty quiet lately, doing what the collective “we” do: Working on a deal. In the 38th day of due diligence, I started having visions and found new clarity on a number of issues (starting with, “I forget why I do this”). So I decided to use the time creatively, and ventured into top 10 territory: […]

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More on March Madness and VC

12 years ago

Yup, my bracket is officially busted. Wisconsin going to the final game? What was I thinking?! Texas riding Kevin Durant’s slim shoulders all the way into the Final Four? Not going to happen! My B-school alma mater Stanford upsetting Louisville in the first round? Not even close! So many of those “reasonable assumptions” (except for Stanford) now seem incredibly ill-conceived in […]

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Of March (and other forms of) Madness

12 years ago

Every year around this time, I take note of the similarities between the NCAA basketball tourney and the brand of Madness that we like to call Venture Capital. Here’s what I mean. Right now (Tuesday afternoon), I’ve made my hoops selections, and the games themselves have yet to commence. My diligence was extensive, my bracket is now […]

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Ripe for the Challenge

12 years ago

Never underestimate the motivational power of a noble challenge. That lesson came through loud and clear to me last week as VCs from across the country visited local schools as part of EntrepreneurshipWeek USA. While scores of students responded to the National Venture Capital Association’s challenge to develop ideas that can change the way we live, one […]

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Emerging Markets PE Fundraising Tops $33b

12 years ago

Optimisim about emerging markets private equity appears to be continuing. EMPEA last week released its data tracking fundraising for emerging markets-dedicated private equity.  2006 saw 162 PE funds raise over $33 billion for emerging market regions, a 29% growth from 2005 levels of $26 billion and 5x the $6.5 billion raised in 2005. All regions witnessed at least double […]

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Join Us in April

By Jon Nieman — 12 years ago

Each year we co-host an event in Research Triangle Park, NC, along with the Strategic Venture Association and the North Carolina Technology Association. This year on April 10th/11th we will be doing so again and I wanted to extend a personal and open invitation for all to attend. Please email me at [email protected] and I can make […]

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Ethanol Peak in Rearview Mirror

12 years ago

It seems that we may be on the back end of the ethanol (and biodiesel) peak. While the President continues to call for increased consumption, the wonders of the invisible hand are working in the real world.   If dealflow is any guide, we are seeing fewer investment proposals. There was a time when these ideas […]

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VC Rookie Mistake #1: Kansas City Shuffle

12 years ago

So. You’ve just bagged a job as a partner at a VC firm. You want (badly) to impress the people who just showed a lot of faith in hiring you (if they only knew!). So you make a lot of rookie mistakes… VC ROOKIE MISTAKE #1 The Kansas City Shuffle (a.k.a. Dog Deal Afternoon)  The […]

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The Next Big Thing is Upon Us

12 years ago

My last posting suggested that growing fear global warming’s of the economic and ecological consequences of — and the usual greed for profits –would combine to provide emotional stimulus for the venture capital industry to lead the clean technology revolution. In addition to being in tune with the usual emotional motivators to investment and action, the […]

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Japanese Venture – A New Frontier?

By Jon Nieman — 12 years ago

Recently, I have been introduced to the prospect of early-stage venture capital in Japan. A lot of attention (and money) has been focused on China and India – but what about Japan? Japan is the world’s second largest economy and is home to powerhouse technology companies such as Sony, Toshiba, Fujitsu, NTT, Panasonic, Mitsubishi, Toyota, […]

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Betting on Cleantech

12 years ago

The venture capital business typically alternates between cycles of greed and fear, but will be absent in the emerging clean and green technology sector as these normally opposing emotional forces become synchronized for long periods. As the scientific evidence of global warming and its consequences become clearer, we will become increasingly fearful of overheating the […]

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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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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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2007 PE Outlook

By Adrian — 12 years ago

Following an increasing trend in LBO volume in 2006 (Thanks to PE Week Wire/Buyout Magazine Data), 2007 should remain very active in terms of volume, geography (More Europe, Asia and Latin America?) and financial engineering scope. I am particularly interested in the effect of global trends such as the euro/dollar performance in ’06 that could see […]

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New Year’s Resolutions

12 years ago

In the spirit of the annual tradition of New Year’s resolutions, I’ve complied a few points to reflect upon while you ponder the upcoming year…  HIDING THE DILUTION A savvy entrepreneur or prior investor might engage in a little “Hiding the Dilution” game playing during a financing. Now, if you READ all the legal documents, […]

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