Mark Boslet
Venture fundraising has been anemic, at least until the first quarter. But VC dollars available for investment worldwide are still plentiful and have been in steady supply over the past three years, according to a study from Preqin released today. In aggregate, venture firms worldwide had $155 billion in dry powder (or uninvested capital) available […]
The cleantech investor is becoming a more conservative investor. This is the conclusion to draw from the quarterly cleantech investment figures the Cleantech Group released Tuesday. Quarterly investment totals from around the globe rose 13% from last year to $2.57 billion. But deals came to 159, probably the lowest quarterly level since mid-2009. In other […]
After 12 years at Sequoia Capital and U.S. Venture Partners, Tim Connors hung his own name on the door Monday as managing partner of a $35 million micro VC fund called PivotNorth Capital.
The fund took Connors two quarters and “25,000 miles of planes, trains, and automobiles” to raise, Connors wrote in a blog post.
Connors told peHUB in an interview that the micro model reminds him of the venture business 20 or so years ago, when the Sequoias and KPs were smaller shops with fewer partners and staff.
“I’m kind of going back to the tried and true business model,” he said. “There’s more than one way to be successful” in venture.
Call me out of touch, but I hadn’t realized Greg Papadopoulos joined New Enterprise Associates as an entrepreneur in residence last year. His new role as a venture partner and advisor to portfolio companies (announced Monday) seems a better match for his skills. Papadopoulos (pictured) has accumulated a broad range of experience in his 16 […]
This morning we learned in a TechCrunch report that Michael Brown, a Facebook corporate development manager, left the company in a spat that appeared to be tied to his trading of Facebook shares in the secondary market.
The facts of the case are unclear, and we at peHub are not weighing in on what did or did not take place. We can only say it appears Facebook had no intention of making an example out of Brown, so perhaps more has been made of this blowup than should have.
However, the dispute shines a light on several persistent secondary market issues that are worth raising and which will likely to take time -- and several court decisions -- to resolve.
Modern incubators are multiplying and venture investment strategies may need to change
Improving venture sentiment pushes multiple liquidation preferences to the back burner and leads to an increase in up rounds
AngelList is reinventing seed investing and in the process generating controversy
The top two performing IRRs, as of Sept. 30, come from Menlo Ventures and Austin Ventures
Rhode Island Treasurer Gina Raimondo co-founded Point Judith Capital