Lawrence Aragon
For years, venture capitalists have been saying that they don’t worry about the macro economy, that they are focused on the long term. But with liquidity events few and far between and the 10-year mark fast approaching for many funds, a VC would have to be on a mega dose of Prozac not to be anxious about what’s […]
Dixon Doll is tired of waiting for the economy to turn around and revive the market for venture-backed IPOs. The chairman of the National Venture Capital Association isn’t even convinced that an economic recovery will be enough to fix the problem — just six VC-backed companies have gone public this year, collectively raising less than $500 million vs. […]
Poor Jim Breyer. As a part-owner of the Celtics, the venture capitalist was on cloud nine last week after his team whipped the Los Angeles Lakers to win the NBA championship. This week, Breyer’s most famous portfolio company — Facebook — got dragged back into court. The Mercury News reports that ConnectU — which had […]
Funds of fund manager confirms it is raising a venture fund, but won’t give details
California pension system commits $150M to both Leading Edge Investment Advisors and Quotient Investors
Secondary firms are kind of like the Betty Ford Centers of the venture business. Ask a VC what he thinks about them, and he’ll typically say they provide a much needed service, but he has never actually needed to use such a service himself. Right, just like Amy Winehouse has never gone to rehab. The […]
The California Public Employees’ Retirement System added $350 million to its emerging managers investment allocation in February, as it announced that it backed fund of funds FIS Group and public equity investor Redwood Investment Management. The state pension fund defines an emerging manager as a firm with less than $2 billion of total assets under […]
Cisco Systems is stretching its venture network into Eastern Europe. In November, the San Jose, Calif.-based networking giant launched a new technology fund in partnership with Eastern European private equity firm 3TS Capital Partners. Called 3TS-Cisco Growth Fund III, the fund will invest across Central and Eastern Europe, focusing on technology, media and communications. It […]
Early stage firm's latest fund is $120M bigger than its previous one
The Atlantic province of Nova Scotia has traditionally been better known for seafood rather than software. But with the fishing industry enmeshed in a prolonged downturn, economic development types have pinned their hopes for the region’s future prosperity on its lower profile techie side. The province is home to fewer than a million people, but […]