Mark Boslet
Michael J. Ahearn, chairman and onetime CEO of First Solar (Nasdaq: FSLR), is reviving his interest in equity investing. Ahearn is raising a $300 million venture fund, according to a document filed with the Securities and Exchange Commission. So far he has been able to raise $192 million, the Jan. 12 document says. (The news […]
Social networks are promising, yet under-used tools for spreading quality health care. Someday they will likely achieve their potential. But the gestation period may last for some time. Asked for a 10-year prediction on the health care industry, venture investor Brook Byers said he foresees a day when hospitals, patients and other health care providers […]
Venture fundraising finished 2010 with a lethargic fourth quarter performance in which only 35 funds gathered less than $3 billion from LPs. The feeble quarter ended the slowest 12-month period since 2003, according to a joint report from the National Venture Capital Association and Thomson Reuters, publisher of this blog. Annually, only $12.3 billion came […]
Super angels have been super active over the past year. Now their business models will be put to the test, and a bloodletting of startups may be on the way. Both they and the new crop of micro-cap funds actively pursued seed and early stage opportunities in 2010. They funded scores of companies, including many […]
I ran across Jonathan Tower recently when I posted several 2011 predictions pieces on peHub. This managing director at Citron Capital’s venture arm has since put together some predictions of his own and several are well worth noting here. Tower spends a lot of his time focused on consumer Internet, digital media and mobile applications […]
Concur Technologies Inc. on Thursday announced it would buy travel site TripIt Inc. in a deal that could reach $120 million and bring a handsome return to its largest shareholder, Azure Capital Partners. Azure General Partner Mike Kwatinetz says the firm’s return on the deal could top its sale of Bill Me Later to eBay […]
Former Foundation Capital General Partner Adam Grosser is raising a $210 million fund and apparently having some success, peHUB has learned. Grosser — who for the past nine years has focused on cleantech investments — set a $210 million target for a venture fund in a December 30 filing with the Securities and Exchange Commission. […]
I might not ordinarily cover a new product announcement from a cleantech portfolio company. But this one struck me for a particular reason: Michael Moritz of Sequoia Capital is on the four-person board, along two members of the private equity firm HarbourVest Partners. What’s interesting is that the company – rebranded Earth Networks Inc. today […]
First Canaan Partners. Now Accel Partners. New York is hot and getting hotter. Accel will become the latest venture firm to announce the opening of a New York office on Wednesday when it opens its doors and dealing making to the Big Apple’s Silicon Alley Internet scene. Accel, with four offices in Asia along with […]
William Davidow is an author, a big thinker and perhaps the world’s expert on how Internet connectivity has accelerated the cadence of global business. Davidow, 75, also keeps a hand in venture, he co-founded Mohr Davidow Ventures several decades ago, where he remains listed as a partner emeritus. I had the chance to ask him […]