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L.P.s Weigh the Pros and Cons of Venture Capital Investing –

19 years ago

With limited partners clamoring to enter reputable venture funds and oversubscribed vehicles becoming the norm even as venture capitalists raise colossal pools of money, it might seem silly to ask whether venture capital investing is worthwhile. Investors in venture partnerships, however, have to consider the question, given the industry’s long-term commitments, its illiquidity and the […]

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CareerBuilder Inc. –

19 years ago

RESTON, Va. – CareerBuilder Inc., an online job recruitment and search service, went public May 11, offering 4.5 million at $13 apiece, the top of the company’s $12 to $13 filing range. Underwriters included Credit Suisse First Boston, BancBoston Robertson Stephens, Hambrecht & Quist and Friedman Billings Ramsey. New Enterprise Associates, 21st Century Internet Venture […]

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Copper Mountain Networks Inc. –

19 years ago

PALO ALTO, Calif. – Copper Mountain Networks Inc., a developer of products for the communications industry, went public May 12, offering 4 million shares of common stock. The stock priced at $21, well above the $16 to $18 filing range. Greylock Management Corp., Sutter Hill Ventures, Matrix Partners, InterWest Partners, Canaan Partners, Technology Crossover Ventures […]

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COMPS.COM Inc. –

19 years ago

SAN DIEGO – COMPS.COM Inc., an online and offline commercial real estate service, went public May 5. The company offered 4.5 million shares at $15 apiece, above the company’s $11 to $13 filing range. Underwriters included Volpe Brown Whelan & Co., EVEREN Securities Inc. and Needham & Co. Inc. There were no selling shareholders. Summit […]

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AdForce Inc. –

19 years ago

CUPERTINO, Calif. – AdForce Inc., an online ad management and delivery service company, held an initial public offering May 7. The company offered 4.5 million shares of common stock at $15 apiece, above the $10 to $12 filing range. Hummer Winblad Venture Partners, 360 Capital Partners L.P., 21st Century Internet Venture Partners and Convergence Partners […]

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@plan.inc –

19 years ago

STAMFORD, Conn. – @plan.inc, a provider of online market research software, filed to go public May 20, offering 2.5 million shares at $14 apiece and hitting the top of the company’s $12 to $14 filing range. Richland Partners L.P., Massey Burch Capital Corp., Blue Chip Venture Co. and Miami Valley Venture Fund L.P. were venture […]

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Brocade Communications –

19 years ago

SAN JOSE, Calif. – Brocade Communications Systems Inc., a company that develops and markets switches that allow simultaneous communication between computers and storage devices, went public May 24. The company offered 3.2 million shares at $19 apiece, above the $15 to $17 filing range. Morgan Stanley Dean Witter, BT Alex. Brown and Dain Rauscher Wessels […]

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Juno Online Services Inc. –

19 years ago

NEW YORK – Juno Online Services Inc., an Internet service provider, went public May 25. The company offered 6.5 million shares at $13, the top of its $11 to $13 filing range. Venture investors include D.E. Shaw Investment Group L.P. and Prospect Street Ventures. There were no selling shareholders. Salomon Smith Barney, Bear, Stearns & […]

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MapQuest.com Inc. –

19 years ago

MOUNTVILLE, Pa. – MapQuest.com Inc., an online mapping and destination information service provider, held an initial public offering May 4. The company offered 4.6 million shares at $15 apiece, above the $11 to $13 filing range. BancBoston Robertson Stephens, Thomas Weisel Partners L.L.C., U.S. Bancorp Piper Jaffray and Volpe Brown Whelan & Co. underwrote the […]

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Latitude Communications Inc. –

19 years ago

SANTA CLARA, Calif. – Latitude Communications Inc., a provider of voice and data conferencing solutions, held an initial public offering May 6. The stock priced at $12, at the top of its $10 to $12 filing range. The company offered 3 million shares of common stock. Venture investors include Mayfield Fund, Menlo Ventures, Asset Management […]

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Media Metrix Inc. –

19 years ago

NEW YORK – Media Metrix Inc., a provider of products and services that measure Internet and online usage, held an initial public offering May 7. The company offered 3 million shares of stock at $17 apiece, well above the company’s $12 to $14 filing range. Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens and Thomas Weisel […]

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Be Inc. –

19 years ago

MENLO PARK, Calif. – Be Inc., a company that produces and markets operating systems designed to improve performance of digital media, filed for an initial public offering May 6. The company has not announced how many shares it plans to offer or a suggested stock price. Alta California Partners L.P., August Capital L.P., AVI Capital […]

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Intel Wraps Up $300 Million Fund –

19 years ago

SANTA CLARA, Calif. – In the latest example of a technology corporation establishing a venture fund to complement its main businesses, Intel Corp. raised $300 million to support developing companies that use its IA-64 processor. While companies like 3Com Corp. and Seagate Technology Inc. (VCJ, June, page 5) have established similar venture funds to bolster […]

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Waller-Sutton Management Group –

19 years ago

NEW YORK – Waller-Sutton Management Group Inc. invests in early- to growth-stage media, communications and entertainment companies throughout the United States. The firm was launched in 1997 by Cathy Brienza and William Ingram, founders of the investment management firm Sutton Capital, and Andrew Armstrong, president of the investment bank Waller Capital. Both Waller and the […]

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IAI Veterans Form Sapient Capital –

19 years ago

JACKSON, Wyo./MINNEAPOLIS – Two former venture capital executives from IAI Ventures Inc. teamed in May to launch Sapient Capital, a new venture fund with an innovative strategy focused on middle- to late-stage and public micro-cap technology, communications and health-care companies. At first glance, Sapient, managed by Principals Noel Rahn and Mitch Dann, two Investment Advisor […]

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ProQuest Fund Holds Final Close –

19 years ago

PRINCETON, N.J. – ProQuest Investments I L.P., a medically focused venture fund, held a $100 million final close in late May. The vehicle will invest in seed-stage to public companies in the pharmaceutical, health-care device, Internet and service industries in the United States and overseas. Launched in February 1998, ProQuest held a $40.5 million first […]

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Scheer Venture Fund Adds IT to Focus –

19 years ago

BRANFORD, Conn. – In response to an icy reception by investors to a health-care focused fund, Scheer & Co. has expanded its inaugural venture vehicle to include health care-related information technology deals. Scheer Venture Partners was launched about a year ago with a $50 million target (VCJ, February, page 28), but by press time the […]

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Duke Street Shoots For euro 500 Million –

19 years ago

LONDON – Duke Street Capital hopes to hold a first close on its fourth European buyout fund in June. Following last year’s buyout from Hambros, the group – formerly HEV – aims to raise at least euro 500 million ($523 million) for Duke Street Capital IV in its debut fund raising as an independent firm. […]

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