Decked out in black jeans, a purple shirt, black jacket and orange Puma tennis shoes, Box.net co-founder and CEO Aaron Levie lived up to his billing as a rising star in the tech world at today’s Venture Alpha conference in San Francisco. Interviewed by Alastair Goldfisher, acting editor of Thomson Reuters’ Venture Capital Journal, Levie […]Continue
Give Google credit for lighting the fuse with its harangue last week entitled “When Patents Attack Android.” Now investors and entrepreneurs are weighing in on the heels of a Department of Justice probe. This weekend, Dallas Mavericks owner Mark Cuban offered a scathing assessment of the troubled patent system on his blog when he claimed […]Continue
BlueCava, the device recognition startup funded by billionaire Mark Cuban, raised another $1.5 million in debt financing, according to a filing with the Securities and Exchange Commission. In October, the Irvine, Calif., company closed a $5 million round led by Cuban, owner of the Dallas Mavericks basketball team. Timothy Headington, founder of the oil and […]Continue
1) It’s Not a Bubble, People; It’s a Pyramid Scheme, by Connie Loizos
2) Scoop: Peter Wagner Parts Ways With Accel After Nearly 15 Years, by Alastair Goldfisher
3) Halsey Minor Sticks It To Virginia, Again, by Connie Loizos
4) ‘Goldfinger’ Hits $732M On 2nd Mount Kellett Fund, by Gregory Roth
5) Oak Hill To Make Back 40% of Dave & Buster’s Investment in Nine Months–UPDATED, by Luisa Beltran
6) Riding High On Q4 Profit, KKR Expects To Fully Deploy ’06 Fund, by Luisa Beltran
7) J-Dubs Redux: Beaten Abandoned, & Left For Dead, J.W. Childs Is Back, by Bernard VaughanContinue
Want to catch up on what your colleagues found most interesting on peHUB over the past five days? Here are the posts from peHUB staffers with the most pageviews from Feb. 14 to Feb 18.
1. It’s Not a Bubble, People; It’s a Pyramid Scheme – by Connie Loizos, posted on Feb. 17.
2. Sequoia Capital India in Turmoil – by Mark Boslet, posted on Feb. 14.
3. Private Equity Steers Back to Auto Industry – by Mark Boslet, posted on Feb. 14.
4. Joncarlo Mark Resigns From CalPERs – by Gregory Roth, posted on Feb. 15.
5. Here We Go Again: Obama Proposes Hiking Carried Interest Tax – by Bernard Vaughan, posted on Feb. 14.
6. Razorfish and McCann Execs on What Brands Are Generally Doing Right, and Wrong, With Social Media – by Connie Loizos, posted on Feb. 14.
7. Carlyle Taps Friedman As Its Next CFO – by Luisa Beltran, posted on Feb. 14.
8. Another Unprofitable (But Growing!) Web Company Files Its S-1: Active Network – by Connie Loizos, posted on Feb. 15.
9. Judge Delays Del Monte Sale, Chastises Barclays – by Luisa Beltran, posted on Feb. 15.
10. Poll: Is Mark Cuban Right About Internet Pyramid Scheme? – by Lawrence Aragon, posted on Feb. 17.Continue
We asked you to weigh in on Connie Loizos’s post about Mark Cuban’s take on the mania over certain Internet companies, such as Facebook, Twitter and Zynga. Cuban says we’re really not in a new Internet bubble. Instead, we’re seeing “the 2011 version of a private equity chain letter.” The early investors in these companies will do just fine, but the last VC who comes in at an insane valuation is going to be left holding the bag, Cuban says.
So far, more than 1,200 of you have taken our survey. (It’s still open. If you want to get in on the action, scroll down to the bottom of this post.)
You overwhelmingly answered yes to Question 1: “Mark Cuban says the current mania over certain Internet companies (such as Twitter and Facebook) isn’t a bubble, but more like “a private equity chain letter.” And some sad sack is going to end up holding the bag. Is he spot on or off the mark?” At last count, 1,175 of you (or 94.2%) said Cuban was spot on. Just 73 (or less than 6%) said he was off base.Continue
Mark Cuban knows a thing or two about bubbles, having profited handsomely from an earlier Internet boom. But ask him if we’re seeing Bubble 2.0 and he’ll give you a different theory. “It’s almost the 2011 version of a private equity chain letter,” says Cuban, who sold Broadcast.com to Yahoo in 1999 for $5.7 billion […]Continue
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Connie Loizos hit a nerve with her post today about Mark Cuban‘s take on the current mania over certain Internet companies, such as Facebook, Twitter and Zynga. Cuban says we’re really not in a new Internet bubble. Instead, we’re seeing “the 2011 version of a private equity chain letter.” The early investors in these companies will do just fine, but the last VC who comes in at an insane valuation is going to be left holding the bag, Cuban says.Continue
Six weeks after the SEC’s inspector general began probing claims that staffers acted improperly while compiling a case against self-made billionaire Mark Cuban, the agency’s insider trading case has been thrown out. Tweeted Cuban earlier: “Its been a great day so far, and its only going to get better! Back to Dallas to see the [family].” It was […]Continue
Two-year old Smash Technologies, whose SMS messaging platform is designed to provide businesses with smarter ways to reach their customers, has raised raised a $1.35 million seed round led by tech entrepreneur, investor and Dallas Mavericks’ owner/superfan Mark Cuban.
The company, which has an office is San Francisco, is headquartered in Pittsburgh, Cuban’s home town. Among those to try out its services are McDonalds, the Harlem Globetrotters, and the Miller Brewing Company.Continue
Internet billionaire and Dallas Mavericks owner Mark Cuban was filed $25,000 over the weekend for “tweeting” his thoughts about the elbow that Denver Nuggets player J.R. Smith threw at the Maverick’s Antoine Wright.
Cuban appears to have kept his sense of humor about the fine, though it strikes me as ludicrous, given the relatively innocuous nature of his comments (and frankly, footage that suggests that he was right).Continue
Internet billionaire and Dallas Mavericks owner Mark Cuban may be facing an insider trading claim by the Securities & Exchange commission, but he has some useful advice regarding how to track down a real crook. At his site, Blog Maverick, Cuban says that were he working for the SEC or a news organization assigned to cover […]Continue
Sharesleuth.com describes itself as an “independent Web-based reporting aimed at exposing securities fraud and corporate chicanery… Call it journalism. Call it investigative blogging. Call it what you will.”
We’ll call it “ironic,” given that the SEC has just filed insider-trading charges against Sharesleuth’s main backer, tech billionaire Mark Cuban.
The SEC alleges that Cuban sold his 6% stake in Canadian-based Internet search company Mamma.com in 2004, after being told by management that it was going to announce a PIPE financing. According to the SEC, Cuban, who has called PIPE financings “a huge red flag,” almost immediatelyContinue