Limited partners aren’t entirely pleased with general partnerships, especially when it comes to the thorny issues of management fees and communication. At the same time, LPs say they feel more in charge of their GP relationships and have the power to make improvements. That’s the gist of our third annual LP Survey & Report Card. […]
It is not uncommon for venture capital partners to be sued in their capacity as directors of portfolio companies. The lawsuit against Benchmark Capital earlier this year is just a single, very public example of the type of litigation that directors of public and private portfolio companies are experiencing. These claims are expensive for the […]
When Ray Lane left Oracle after an exasperating eight years of toiling in the shadow of Larry Ellison’s epic ego, Kleiner Perkins Caufield & Byers was waiting in the wings with open arms. Lane had never worked at a venture firm, but he found it to be a natural fit. Prior to becoming a “corporate […]
Advertising.com walked away from a $100 million IPO last year. No, its founders and backers aren’t crazy. They just got a better offer: $435 million in cash from America Online. “We were set to go IPO with a healthy valuation, but AOL came in an exceeded it,” says Frank Adams, managing general partner of Grotech […]
BANGKOK-H&Q Asia Pacific plans to begin raising a specific fund for Thailand, in the range of $100 million to $120 million dollars. At that size, the new vehicle will be one of the largest venture funds in Asia-an emerging market for VC activity-and mark a return of significant investment in Thailand by H&QAP since the […]
The amount generated by venture-backed mergers and acquisitions increased 75% in the first quarter, compared to the previous quarter, according to Thomson Venture Economics and the National Venture Capital Association. A total of 77 VC-backed companies were merged or acquired for a combined value of just over $4 billion, up sharply from the fourth quarter […]
After a long and brutal downturn, there is finally light at the end of the tunnel for beleaguered venture capitalists and a number of the promising startups they have financed. The reason: Mergers and acquisitions are certain to climb over the next 18 months and fetch prices for startups that will reinforce the role that […]
Parts 1 of a 3-part series
During the late 90s some feared that the long-term pipeline for innovation might dry up, because venture investing began to outpace federal investments in research and development. Today, the trend lines seem to be reversed, with venture capitalists investing only $21.1 billion in 2002 compared to a $117.3 billion federal R&D budget for fiscal year […]
With the tech boom over and done, an increasing number of venture capitalists have refocused their attention toward the life sciences sector. Last year the industry captured $5 billion, or one-fourth, of all 2002 venture investments, according to the PwC/VE/NVCA Money tree survey. That compares with just 12% in 2001. And this year, experts are […]