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Silicon Valley Lawyer Joins Mayfield as a Venture Partner –

18 years ago

MENLO PARK, Calif. – In a somewhat unusual transition, Silicon Valley attorney Allen Morgan in early January joined Mayfield Fund as a venture partner focusing on the Internet, e-commerce and new media. Mr. Morgan made the move after spending the past five or six years advising young companies and building a network in the VC […]

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TL Ventures Names New Venture Partner –

18 years ago

WAYNE, Pa. – TL Ventures hired Robert Verratti in December as a partner who will establish the firm’s presence on the West Coast by identifying new investment opportunities and managing existing portfolio companies in Southern California. Mr. Verratti, most recently chief executive officer of National Media Corp., the world’s largest infomercial company and a TL […]

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Patricof Veteran Cloherty Prepares Departure –

18 years ago

NEW YORK – Patricia Cloherty, a 30-year veteran of Patricof & Co. Ventures, in mid-December said she would scale back her daily responsibilities as co-chairperson of the firm, starting in June with a transition from general partner to special limited partner. Ms. Cloherty’s duties at the firm will remain unchanged until the transition, after which […]

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Doll Capital Launches Second Tech Vehicle, Seeking $80 Million –

18 years ago

MENLO PARK, Calif. – Doll Capital Management Inc. began pre-marketing its second fund in mid-November and planned to formally launch fund raising in February. Doll Technology Investment Fund II, which has a goal of between $80 million and $100 million, will back early-stage telecommunications and Internet software and services companies, said Managing General Partner Dixon […]

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Encompass Readies Funds, Founder Quits –

18 years ago

BELLEVUE, Wash. – Encompass Ventures, a Japanese-backed firm that invests in United States information technology companies, is adjusting to the recent departure of its founder and preparing to raise two follow-up funds at the start of this year. Craig McCallum, who quietly resigned in the fall after expressing disappointment with the group, was expected to […]

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J.P. Morgan Launches Family of PE Funds –

18 years ago

NEW YORK – J.P. Morgan Securities Inc., which has been shifting its business from commercial to investment banking, in January launched the first in a series of private equity funds. Tentatively named J.P. Morgan Latin American Capital Partners, the vehicle has a $1 billion target and will receive a significant infusion from the firm, said […]

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Arbor Preps Launch Of Later-Stage Fund –

18 years ago

ANN ARBOR, Mich. – Arbor Partners L.L.C. has begun premarketing a venture capital fund that will target the electronic commerce and Internet sectors. The firm intends to raise between $50 million and $60 million for the vehicle, which will make later-stage investments, said Managing Director Donald Walker. Active fund raising should begin around the middle […]

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Bank of New York Forms Fund-of-Funds –

18 years ago

NEW YORK – Bank of New York is about to become the latest lender to launch a private equity fund-of-funds for its private clients. Industry sources say lenders today are almost forced to offer their clients access to private equity partnerships to keep up with competitors such as BankBoston, Chase Manhattan Corp., Credit Suisse First […]

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Draper Uses Web To Launch Initiative –

18 years ago

REDWOOD CITY, Calif. -Venture capitalist Tim Draper has launched a Web site to rally and gauge support for a proposal for California’s March 2000 ballot to reform the state’s public school system and allow school choice. California’s high-tech community – and the VCs who back it – often complain that the states’ public schools do […]

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Oklahoma Police To Invest in VC –

18 years ago

OKLAHOMA CITY – The $1.1 billion Oklahoma Police Pension & Retirement System has for the first time carved out $15 million to $17 million of its assets for venture capital investing and plans to hire two or three alternative investment managers early this year. The pension issued a request for proposals for fund managers in […]

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LACERS Increases Alternatives Target –

18 years ago

LOS ANGELES – The $6.5 billion Los Angeles City Employees’ Retirement System (LACERS) raised its asset allocation for alternative investments at a November board meeting to 5% from 3% and boosted its target to 7% from 4%, Chief Investment Officer Dan Gallagher said. “What we really want to have funded is 5%,” he said, which […]

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Tai, Walden Open Settlement Talks –

18 years ago

SAN FRANCISCO – Venture Capitalist William Tai and his former employer, the Walden Group of Venture Capital Funds, were slated to enter settlement negotiations in mid-December concerning a lawsuit Walden filed last fall against Mr. Tai, said the defendant’s attorney Robert Bunzel. As a result, Mr. Tai postponed submitting a response to the lawsuit that […]

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Test Tube Alchemy: Venture capitalists hope to concoct portfolio winners out of life-sciences stocks that have taken their lumps –

18 years ago

James Cavanaugh, a general partner at HealthCare Ventures L.P., has no intention of becoming a mutual fund manager, but he and his colleagues are spending a good deal of their time looking at public companies. Focused on biopharmaceuticals, the New Jersey and Massachusetts-based venture firm hopes to take advantage of the drubbing micro-cap life-sciences stocks […]

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Cordova Ventures –

18 years ago

ALPHARETTA, Ga. – Cordova Ventures, which changed its name from Cordova Capital a few months ago, focuses on information technology, telecommunications, health care and life sciences and financial services investments. The firm, which mainly concentrates on the Southeastern United States, also runs two real estate specialty funds and occasionally makes investments in more mature industries. […]

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EarthWeb Inc. –

18 years ago

NEW YORK – EarthWeb Inc., a provider of Internet-based online services to the information technology community, went public November 10, offering 2.1 million shares at $14 apiece. Stocks priced at the high end of the company’s $12 to $14 filing range. The initial public offering, which left 7.9 million shares outstanding, was underwritten by J.P. […]

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IgX Corp. –

18 years ago

SUMMIT, N.J. – IgX Corp., a developer of drugs for the treatment of infectious diseases of the human gastrointestinal tract, filed to go public September 30. The company is offering 2.3 million shares at between $8 and $10 each. The initial public offering will leave 8.97 million shares of common stock outstanding. The underwriter for […]

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Computer Literacy Inc. –

18 years ago

SUNNYVALE, Calif. – Computer Literacy Inc., an online retailer of information resources for technical professionals, went public November 20, offering 3 million shares at $10 apiece. Stocks priced above the company’s $7 to $9 filing range. The underwriters for the initial public offering, which left 10.6 million shares of common stock outstanding, were NationsBanc Montgomery […]

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