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FCC’s Hundt Signs With Benchmark –

19 years ago

MENLO PARK, Calif. – Benchmark Capital in late October added former Federal Communications Commission (FCC) Chair Reed Hundt as a venture partner. Mr. Hundt, who will be based in suburban Washington, D.C., will work for the firm on a part-time basis helping evaluate deals and taking board seats, said General Partner Andy Rachleff. Mr. Hundt […]

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Bear Stearns Adds Two in Private Equity –

19 years ago

NEW YORK – Responding to the growing appetite of private equity buyers for later-stage private and public companies, Bear, Stearns & Co. hired Peter Buckley and David Goddard as senior managing directors and co-heads of the newly formed private equity group. “This is a model that a number of larger firms have seen is essential […]

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Hughes’ Chapman Joins Forstmann-Leff –

19 years ago

CHICAGO – Asset manager Forstmann-Leff International, Inc. was in search of a new client when it knocked on the door of Hughes Electronics’ pension management group. Instead, the firm ended up with a new director. Celia Chapman was slated to join Forstmann-Leff in December after 17 years at Southern California’s Hughes Investment Management Co. Ms. […]

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Bailey Quits Venrock to Join Healtheon –

19 years ago

SANTA CLARA, Calif. – After a brief stint as a general partner at New York-based Venrock Associates, Mark Bailey returned to Silicon Valley this summer to lead Healtheon Corp.’s business development program. Mr. Bailey, who has shifted back and forth between the venture capital and corporate worlds throughout his 13-year private-equity career, will lead Healtheon’s […]

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Intel to Hire Staff For Foreign Investing –

19 years ago

SANTA CLARA, Calif. – Chip maker Intel Corp. plans to extend its corporate venture-capital reach overseas this year. Intel has backed 200 mostly United States-based companies with about $1.5 billion through its “corporate business development program,” which seeks strategic and financial rewards, a spokesperson said. The company will spend 1999 hiring investment staff to focus […]

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ESP Senses $1 Billion in Interest –

19 years ago

EDINBURGH, Scotland – European Strategic Partners (ESP), the $1 billion targeted fund-of-funds that is the first fruit of a joint venture between Standard Life and Hamilton Lane Advisors, aims to provide a broad constituency of international investors with exposure to a diversified portfolio of premier European private equity vehicles and direct investments. In Europe, as […]

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QuestLink Nabs $3M In Second Round –

19 years ago

AUSTIN, Texas – QuestLink Technology Inc., a company that allows engineers to purchase various prototype materials online, in November secured $3 million in venture financing. Needham Capital Partners, the venture arm of a semiconductor-focused investment banking boutique, brought $2 million to the table as a first-time investor. Trellis Partners, QuestLink’s first institutional backer, returned with […]

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PDA Market Space Draws Venture Capital –

19 years ago

SAN FRANCISCO – Handspring, a company designing the next generation of personal digital assistants (PDAs), recently raised an undisclosed amount of capital in a first round of venture financing from Benchmark Capital and Kleiner Perkins Caulfield & Byers. The company’s founders, PalmPilot developers Donna Dubinsky and Jeff Hawkins, plan to make a more consumer-oriented product […]

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Interwoven Secures $7.2M Fourth Round –

19 years ago

SUNNYVALE, Calif. – Interwoven Inc., a developer of enterprise Web production systems that manage the development and arrangement of Web sites, in mid-November raised $7.2 million from a half-dozen venture capital firms. Foundation Capital led the convertible preferred stock financing followed by Accel Partners, Integral Capital Partners, Draper Fisher Jurvetson, JK&B Capital and Charter Ventures. […]

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Microsoft Alumnus Signs On At Olympic –

19 years ago

KIRKLAND, Wash./PORTLAND, Ore. – Olympic Venture Partners (OVP) in December tapped former Microsoft manager Bill Miller as the venture firm’s fourth general partner. Mr. Miller resigned from Microsoft in February 1998 with the intention of taking a year off, but Olympic partners persuaded him to accept the job sooner. Part of Olympic’s motivation for hiring […]

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Sprout Leads Phase Forward Second Round –

19 years ago

NEWTON, Mass. – Phase Forward Inc., a provider of Internet-based clinical trial data collection and management solutions, closed an $8 million second round of venture financing in early November. The lead investor was Sprout Group, which joined existing investors Atlas Venture and North Bridge Venture Partners. Sources declined to give details on the size of […]

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PNC Equity Takes Small, but Secure, Steps to Success –

19 years ago

PNC Equity Management Corp. not only seeks strong returns from its limited partnership investments but also is equally interested in using those relationships to help the firm make direct investments, says David Hillman, executive vice president of the Pittsburgh-based subsidiary of PNC Bank Corp. As the private equity investment arm of one of the nation’s […]

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Accel Strikes Gold in Hiring New Venture Partner –

19 years ago

PALO ALTO, Calif. – Bruce Golden initially joined Accel Partners as an entrepreneur-in-residence, and planned to focus only on his next business project. But he soon developed a passion for investing, and the firm took advantage of his operating and Internet experience by officially naming him a venture partner in mid-November. “It was more of […]

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Sandler Becomes A Behrman Partner –

19 years ago

NEW YORK – Behrman Capital rounded out its management ranks in November by adding Neil Sandler as a partner. The former investment banker came from BancBoston Robertson Stephens, where he spent two years working on health care. Mr. Sandler also will focus on health-care investments at Behrman, a later-stage venture and buyouts group, that has […]

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PSERS Hires Executive Director –

19 years ago

HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]

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Sofinnova Schedules December Wrap –

19 years ago

PARIS – Sofinnova, S.A. was slated to reach a first and final close on Sofinnova Capital III in mid-December, with expectations of exceeding its FFr 600 ($106.6 million) target. The fund (VCJ, November 1998, page 26) will back early-stage information technology and life-sciences companies, predominantly in France. Limited partners include J.P. Morgan Investment Management Inc., […]

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PSERS HiresExecutive Director –

19 years ago

HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]

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