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NetWorth Nets First New Hire –

20 years ago

ATLANTA – Three months after inking a partnership with Mellon Ventures, Buck Goldstein, founder and managing partner of Internet-focused netWorth Partners, welcomed Andrew Dietz as the firm’s second partner. Most recently a vice president of product development for BellSouth.net, the telephone company’s consumer Internet access service, Mr. Dietz will help netWorth source and manage Internet […]

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IAI Veterans Form Sapient Capital, Focus On Private, Public Micro-Cap Deals –

20 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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Talisman Launches $250M Asia Fund –

20 years ago

LITTLE ROCK, Ark. – As a reflection of the slow return to Asia by private equity investors, Talisman Capital has begun fund-raising efforts for the $250 million Talisman Capital Asia Opportunity Fund. The new vehicle, Talisman’s second private equity fund, was launched in January and has hard commitments of $100 million, said Geoffrey Tirman, president […]

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Blackstone/AIG Form Asian Advisory Firm –

20 years ago

NEW YORK – In a sign of growing confidence in the Asian markets, two American investment firms have formed a partnership to provide the region with financial advice. In early June, The Blackstone Group and AIA Capital Corp., the Asian investment and advisory branch of American International Group Inc.(AIG), formed a partnership that will focus […]

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Hummer Winblad Launches Fund IV –

20 years ago

SAN FRANCISCO – Hummer Winblad Venture Partners launched its fourth fund in early June, seeking $300 million – three times more capital than the firm’s last fund. Hummer Winblad Venture Partners III (VCJ, September 1997, page 30) is almost fully invested. The firm, whose partners include John Hummer and Mark Gorenberg, will add to its […]

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Strategic Investors Line Up for IPOs –

20 years ago

NEW YORK – In another sign that the Internet is rewriting the rules for some first-time stock issuers, select Web-related companies now are loftily informing strategic investors that they will have to pay up to participate in the anticipated aftermarket pop of their public market debuts. That is a far cry from the traditional practice […]

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Private Companies Join Online Action –

20 years ago

NEW YORK – The emergence of online public offerings has been ballyhooed for its leveling of the playing field between individual and institutional equity investors. Now, the Internet has been developed as a host for private equity offerings, and while every side of the transaction may benefit, the long-term efficacy of Internet offerings remains a […]

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Fogg Preps Fund Minus Ex-Partner –

20 years ago

WESTBURY, N.Y. – Joseph Fogg in May launched his first private equity fund, seven years after leaving his position as head of worldwide investment banking at Morgan Stanley & Co. He is doing so at the same time his former partner, Jeffrey Freed, has joined a new group that also is raising a debut effort. […]

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Cigar Vendor Launches VC Fund –

20 years ago

BOCA RATON, Fla. – From e-commerce start-ups to launching a venture fund – there will certainly be no dearth of celebratory stogies lying around when one of International Internet Inc.’s portfolio companies hits it big. International Internet, a developer and operator of e-commerce and offline, direct marketing companies such as Webhumidor.com Inc., GoldOnline.com Inc., StogiesOnline.com […]

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TheStreet.com Inc. –

20 years ago

NEW YORK – TheStreet.com Inc, a provider of online financial news, went public May 10, offering 5.5 million shares of common stock. The stock priced at $19 apiece, at the top of the company’s $17 to $19 filing range. Underwriters included Goldman, Sachs & Co., Hambrecht & Quist and Thomas Weisel Partners L.L.C. There were […]

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Returns Slump, Commitments Soar –

20 years ago

The venture industry took a breather last year as VC partnerships posted a 17.2% return to investors, compared with the 30% to 40% annual returns enjoyed since 1994, according to the Venture Economics Private Equity Performance database, which tracks 1,050 private equity partnerships. The results will be published in the the 1999 Investment Benchmarks Report. […]

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NextCard Inc. –

20 years ago

SAN FRANCISCO – NextCard Inc., a company that markets an online credit card, held an initial public offering May 14. The company offered 6 million shares of common stock at $20 apiece, above the $17 to $19 filing range. Brentwood Venture Capital, Moore Capital Management, Kleiner Perkins Caufield & Byers, Forest Binkley & Brown, Trinity […]

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NorthPoint Communications –

20 years ago

SAN FRANCISCO – NorthPoint Communications Group Inc., an online network service provider, went public May 5. The company offered 15 million shares of common stock at $24, well above its $16.50 to $19.50 filing range. Accel Partners, Benchmark Capital, The Carlyle Group, Greylock L.P., Charles Ross Partners Investment Fund and Vulcan Ventures Inc. were venture […]

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Pro Athletes Form Fund-of-Funds –

20 years ago

REDWOOD CITY, Calif. – Professional athletes are not your typical venture capital investors, but former professional football players Ronnie Lott and Harris Barton are trying to change that. The pair recently launched Champion Ventures I, a fund-of-funds with a $30 million target, which could reach a first and possibly final close by the end of […]

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Newgen Results Corp. –

20 years ago

SAN DIEGO, Calif. – Newgen Results Corp., a management and marketing service for car dealerships’ repair departments, held an initial public offering May 21. The company offered 2.7 million shares of common stock at $13 apiece, in the middle of the $12 to $14 filing range. Hambrecht & Quist, BancBoston Robertson Stephens and Dain Rauscher […]

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Private Business Inc. –

20 years ago

BRENTWOOD, Tenn. – Private Business Inc., a company that develops and markets software solutions to community banks, went public May 26. The company offered 4.35 million shares of stock at $8 apiece. Underwriters included BT Alex. Brown, BancBoston Robertson Stephens and Lehman Brothers. The offering left 26.4 million shares outstanding. Summit Partners L.L.C., TA Associates […]

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Portal Software Inc. –

20 years ago

CUPERTINO, Calif. – Portal Software Inc., a developer of customer management and billing software for providers of Internet-based services, went public May 5. The company offered 4 million shares at the offering price of $14 per share. Accel Partners is a venture backer. Goldman, Sachs & Co., Credit Suisse First Boston, BancBoston Robertson Stephens and […]

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Radio One Inc. –

20 years ago

LANHAM, Md. – Radio One Inc., which owns and operates radio stations throughout the eastern United States, held an initial public offering May 5. The company offered 6.5 million shares at $24 apiece, at the top of its $22 to $24 filing range. Underwriters included Credit Suisse First Boston, Bear, Stearns & Co. Inc., BT […]

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