Featured Content

Tai, Walden Open Settlement Talks –

20 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 […]

Continue

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

20 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 […]

Continue

Cordova Ventures –

20 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. […]

Continue

EarthWeb Inc. –

20 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. […]

Continue

IgX Corp. –

20 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 […]

Continue

Computer Literacy Inc. –

20 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 […]

Continue

Network-1Security Solutions –

20 years ago

WELLESLEY HILLS, Mass. – Network-1 Security Solutions Inc., a designer of software products that provide security for computer networks and their information resources, went public November 12, offering 1.7 million shares at $6 apiece. Stocks priced at the company’s proposed offer price. The initial public offering, which left 4.9 million shares of common stock outstanding, […]

Continue

Menlo Ventures –

20 years ago

MENLO PARK, Calif. – Menlo Ventures primarily invests in early-stage and emerging growth companies in the communications, software, Internet and health-care industries in the United States. The firm’s latest vehicle, Menlo Ventures VII, closed in 1996 at $250 million, bringing in a few new institutional investors, as it has with previous funds. Each fund typically […]

Continue

Portfolio Profiles- Communications Ventures –

20 years ago

PALO ALTO, Calif. – Communications Ventures exclusively invests in early-stage communications and networking companies across the United States. The firm focuses on network management, data networking, Internet infrastructure, computer telephony, voice processing, mobile communications, fiber optics and high capacity switching. Communications Ventures’ most recent vehicle, Communications Ventures III, was launched last summer and held a […]

Continue

The Growing Awareness Of Venture Capital In Congress –

20 years ago

Political pundits who often disagree on virtually everything appeared to agree on one issue in 1998: The just-completed 105th Congress was short on legislative accomplishments and long on political bickering. While we may agree that political posturing occupied a major portion of Congress’ time and energy last year, it also was true that Republicans and […]

Continue

Venture-Backed Exits Move Toward MA –

20 years ago

NEWARK, N.J. – In a third quarter that saw venture-backed initial public offerings drop to 20 from 31 in the second quarter, venture firms increasingly turned to mergers and acquisitions as an exit strategy in 1998, according to statistics released in November by Venture Economics Information Services. The quarter began with a hot venture-backed IPO […]

Continue

Operations Underlie PE Compensation –

20 years ago

BOSTON – When private equity general partners market their funds to limited partners, much is said about performance, but the underlying operating practices get barely a word. The results of the 1998 survey of private equity compensation conducted by William M. Mercer Inc. indicate that private firms play a more active role in the development […]

Continue

Philly Science Center To Raise $200 Million –

20 years ago

PHILADELPHIA – The University City Science Center, an organization that promotes science and technology entrepreneurship in the Philadelphia region, in November began preparing the launch of one or two venture funds totaling approximately $200 million that will back health care and information technology businesses spawned from the area’s 31 colleges and universities. The Science Center […]

Continue

Advantage Staffs Up, Reopens Fund –

20 years ago

NEW ORLEANS – Advantage Capital Partners in November relaunched the firm’s first “traditional” venture fund under a new name and expects an initial closing around the beginning of the year. The firm also hired Elliot Fishman to head its new New York office and was scheduled to recruit one or two investment professionals for its […]

Continue

CalPERS Questions Consultants Again –

20 years ago

SACRAMENTO, Calif. – For the second time in less than a year, California Public Employees’ Retirement System (CalPERS) has questioned its two advisers, Pacific Corporate Group Inc. (PCG) and Hamilton Lane Advisors, about how recent staff changes at the firms would affect their services to the $130 billion pension. CalPERS Senior Investment Officer Barry Gonder […]

Continue

VC Pace Unabated In Third Quarter –

20 years ago

NEW YORK – In a mild surprise to some observers, venture capital firms put equity to work at a record pace in the third quarter of 1998, according to the PricewaterhouseCoopers MoneyTree Survey released in November. The $3.77 billion investment total surpassed the previous record of $3.73 billion set in the second quarter. “The pure […]

Continue

Digital Edition

To read a digital copy of our latest magazine

click here