Joanna Glasner
I’ve been to a few digital media schmoozing events in the last few weeks. And, either by random chance or overwhelming statistical probability, I’ve run into several executives at startups in the area known as “content discovery.” “What is that?” I’ve asked, between sips of chardonnay or bottled water, or other schmooze-inducing liquid. Usually, the […]
The private equity industry’s battle to prevent passage of a proposed bill to raise taxes on carried interest is getting fresh reinforcement from the White House. Eric Solomon, the Bush administration’s recently appointed assistant secretary for tax policy at the Treasury Department, reportedly testified before the Senate Finance Committee that he doesn’t support legislation that […]
This week, just one venture-backed offering, IP telephony provider ShoreTel, made it to market. But it was a big one. The Sunnyvale, Calif. company priced its 7.9 million share offering at $9.50 a share, the midpoint of the its anticipated range. Shares surged 28% to close at $12.15 in first-day trading Tuesday. The stock was […]
So, everyone knows how difficult and expensive it is to launch a public offering on Nasdaq or the New York Stock Exchange these days. That’s why it’s probably not surprising that astute investors are exploring reverse mergers, which allow a company to go public without the hassle of Sarbanes Oxley and S-1s. In the upcoming […]
Ariva Partners, a Portola Valley, Calif.-based firm founded by venture capitalists Ajit Shah, former general partner at Worldview Technology Partners, and Robert Simon, of Alta Partners, has come out of stealth mode. The fund’s founders tell PE Week that they are seeking to raise $150 million for an inaugural fund that will make seed stage and […]
Redpoint Ventures is the latest VC firm to profit nicely from media acquirers’ seemingly bottomless appetite for digital advertising assets. The Silicon Valley firm is the sole venture stakeholder in Right Media, the developer of an exchange for buying online ads that just sold its remaining shares to Yahoo for approximately $680 million in cash […]
So, if you could only pick one emerging market heavyweight, would you rather invest in China or India? That was the question posed to limited partners at Wednesday’s China Venture Capital Forum in Palo Alto. The answers were mixed, but mostly reflected a similar bias among LPs. They preferred to stick with the one they […]
WASHINGTON– The National Venture Capital Association ushered in a new board at its annual meeting today, and laid out an agenda that calls for reform of securities laws and increased awareness among legislators of the distinction between venture capital and buyout asset classes. The group named Ted Schlein, a partner at Kleiner Perkins Caufield & Byers, […]
This week is shaping up as a busy one for venture-backed IPOs, with three offerings set to get out the door before the end of the quarter. Aruba Networks, which develops switching technology for large-scale Wi-Fi networks, is looking to raise up to $72 million in an offering on Nasdaq. The Sunnyvale, Calif., company, founded […]
Venture capitalists have been griping about Sarbanes Oxley and the lack of public market exits for a couple of years now. Recently, they’ve started whistling a more optimistic tune. Funds stand poised to make significant returns in the next few months, with a slew of venture-backed offerings coming to market and waiting in the pipeline. […]