Joanna Glasner
Three more venture-backed companies pull their IPOs, while a PE-backed company holds out hope for a February debut
Rob McCord, who co-founded Novitas Capital, could be an advocate for other venture capitalists now that he is Pennsylvania’s treasurer
VCs have invested $50M in seven robotics companies in the past six months after largely steering clear of the space
Despite a sharp increase in sales, the glut of inventory on the secondary market is likely to worsen dramatically next year, a new report says. The forecast released this week by secondary market maker NYPPEX predicts that sales of limited partner stakes in private equity partnerships will soar by 68% to $27 billion in 2009. […]
VCs commonly note that it takes longer for valuations to correct among private companies than among public ones. But the lag-time might not be that long, judging by fourth quarter data from Angelsoft, a software company that tracks valuation trends.
Today, the company reported that valuations for funded startups in Q4 of 2008 fell by 24% when compared to Q3 of the same year. The company’s software, which is used by more than 450 angel groups and venture funds worldwide, tracked a total of 128 deals in the quarter with a median pre-money valuation of $3 million. In the third quarter, it tracked 123 deals with a median value of $3.9 million.
Angelsoft says the Q4 numbers represent the largest quarter-to-quarter drop in the 4 years that it has been tracking company valuations.
There's not way to sugar-coat it: 2008 was a tough year and 2009 looks like it will be even tougher
When the IPO window clattered shut this spring, most VCs predicted a temporary offering hiatus as markets endured a rough patch of credit crunch-induced volatility. Three quarters, minus 5,000 or so Dow points, and too many bank failures and bailouts to count later, investors now believe it will take much longer—per more than a year—for […]
Venture firms are all about taking their portfolio companies public, but almost always prefer to stay private themselves. That preference has probably served VCs well lately, given the carnage inflicted on few venture funds that do list shares. However, disclosures of portfolio revaluations by publicly-traded funds could be instructive of what lies ahead for private firms, […]
Veteran consumer investor Steve Lebow sees tough times ahead, but plenty of opportunity for those with “steady hands”
Sales of smartphones are exploding, but VCs have slowed wireless investments due to dearth of exits for previous investments