Salt Lake City-based data virtualization firm Primary Data has named Apple co-founder Steve Wozniak as chief [...]Continue
Menlo Ventures announced on its blog this morning that it has hired Jim Dawson, former [...]Continue
Massachusetts-based memory chips provider Contour Semiconductor has named Saul Zales as CEO. Zales is the former executive vice president of corporate development at Fusion-io. Contour Semiconductor’s backers include American Capital, Fairhaven Capital Partners, Still River Funds and Eastward Capital Partners.Continue
Pelion Venture Partners, an early stage venture firm based in Salt Lake City, today announced [...]Continue
Fusion-io has acquired NexGen Storage for about $119 million, including $114 million cash and approximately $5 million in stock. Louisville, Colo.-based NexGen develops hybrid storage appliances. NexGen’s investors include Grotech Ventures, Access Venture Partners and Next World Capital.Continue
Politicians and the press have been talking a lot in recent months about improving prospects [...]Continue
Secondary offerings are giving VCs a chance to show off early returns to their limited partners–but are retail investors getting a bargain, or getting burned?Continue
The uncertainties of the European debt crisis continue to pummel stocks worldwide, including venture back IPOs. Of the 29 venture-backed startups that went public in the United States since May, 16 are below their IPO prices and 13 above. Not a sparkling record, especially considering that five of the “above water” offerings were launched in […]Continue
Fusion-io on Wednesday filed with the SEC to raise as much as $350 million via a stock offering. Fusion-io itself plans to sell about $100 million while the rest will come from selling stockholders. Goldman Sachs and Morgan Stanley are joing bookrunners on the deal. New Enterprise Associates own about 31% of the company, according to an SEC filing.Continue
Lightspeed Venture Partners has begun raising a new fund that could match its existing $800 million vintage 2008 fund in size, according to three industry sources. Along with its new fund, the Silicon Valley firm is considering spinning off its Chinese operations, two of the sources say. Lightspeed partners have been meeting with existing investors […]Continue
A day after getting beaten down with the rest of the market, three-fourths of this year’s VC-backed IPOs posted gains in today’s market rebound.
Of the 38 VC-backed companies that have gone public on U.S. exchanges this year, 28 saw their share prices increase today, while nine experienced declines and one remained flat, according to data from Thomson Reuters (publisher of peHUB). That stands in stark contrast to yesterday, when 36 of the stocks lost value and two remained flat.
The biggest gainers in terms of dollars were LinkedIn (NYSE: LNKD), which shot upContinue
As you are well aware by now, the stock market plunged today on fears that the U.S. economy is slipping back into a recession and concerns about a debt crisis in Europe.
It was the biggest selloff in two years, with the Dow and the S&P 500 both declining by more than 4% and the Nasdaq falling by 5 percent.
I was curious how this year’s crop of VC-backed companies fared in the correction, so I took a look at the performance of 2011’s 10 largest IPOs of U.S.-based VC-backed companies. Given that I was expecting to find a bloodbath, IContinue
(Reuters) – Competition is brewing in the small but booming market for flash memory used in corporate data centers, and analysts foresee a wave of consolidation as larger players move in. Giant tech companies from International Business Machines Corp to Western Digital Corp are sharpening their focus on lightning-quick flash storage, hoping to ride a […]Continue
Reading about the latest growth in digital data traffic and storage capacity is an easy way to make the head spin. Last year, for the first time, digital data creation surpassed one zettabyte—the equivalent of 1,000,000,000,000,000,000,000 individual bytes, according to research firm IDC. That’s a more than five-fold increase from the levels of just four […]Continue
Pelion Venture Partners, the Salt Lake City, Utah-based VC that was created when investment firms UV Partners and Novell Venture Partners merged last year, will soon raise a new, fifth fund, according to sources. As it joins other VCs heading out to a brighter fundraising market, Pelion has a big recent win to highlight when […]Continue
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It’s been more than 10 years since a slew of Internet companies went public at ridiculous valuations.
Many companies — most without any profit — doubled or tripled their value on their first day of trading (remember Webvan? Or Pets.com? And what ever happened to the Pets.com sock puppet?).Continue
Pandora is expected to price its IPO later today.
Oakland, Calif.-based Pandora, which provides a Web radio service, will likely begin trading Wednesday on the NYSE, and is expected to trade under the symbol “P,” an unexpected move because only market bellwethers tend to use single-letter ticker symbols.Continue
Internet companies are pushing smaller portions of their equity onto public markets at a volatile time and still seeing stock values increase almost instantaneously. For now, the practice is helping tack bigger price tags onto VCs’ assets, but if and when a major market disruption occurs, these newly-listed darlings may later see secondary offering attempts flounder.
Low-float IPOs are all the rage right now….Continue