A recent study by Pitchbook and Grant Thornton has discovered that Private Equity groups are holding on to their investments for longer, 4.8 years is the median "hold" time as discussed in "Private Equity Exits Report: 2012 Annual Edition".
December 7, 2011
Entrepreneurs are passionate about their business. Sometimes overly so. Read this terrific article on how to avoid several common mistakes that will ruin an otherwise successful pitch meeting. From FastCompany, by FC Expert Blogger Josh Linkner, 12/6/11
September 23, 2011
Venture capital performance continued an upward trajectory as of the first quarter of 2011, the improvements were seen across all time horizons, with the exception of the 15-year numbers, and were driven by the strong one-year venture capital return of 18.5 percent.
June 27, 2011
Finally, consequences. Those giant banks that are too big to fail will now be required to either pay a higher cost of capital, or break themselves up to avoid new capital requirements.
May 20, 2011
I received this brief summary from Elizabeth Burnett and Jehanne Bjornebye at Mintz Levin and found it interesting. Several questions about the rights of shareholders and their conflicting rights as fiduciaries are addressed in the recent Superior Court decision Merriam v. Demoulas Super Markets, Inc. It's instructive.
May 18, 2011
There are at least five reasons why restricted stock grants remain appealing for a variety of companies, large, medium and small: (1) it’s real stock; (2) it creates a meaningful element of employee retention; (3) the income tax consequences are straightforward; (4) the grantees really do have skin in the game; and (5) an employer can add features that help preserve the control of the current owner(s).
May 10, 2011
Over a six-month period, Mr. Andreessen tapped his formidable network of Silicon Valley connections to snag stakes in Facebook Inc., micro-blogging service Twitter Inc. and deals-site Groupon Inc. Other investments include social-game developer Zynga Inc. and Internet-telephone company Skype SA. In the process, he helped to ignite Silicon Valley's latest Web boom and the burgeoning market for private-company shares.
May 5, 2011
This is an insightful blog post by Chris Dixon (www.cdixon.org)... "Having raised a number of VC rounds personally and observed many more as an investor or friend, I’ve come to think there are a set of dominant best practices that entrepreneurs should follow..."
May 2, 2011
Mergers and acquisitions, or M&A activity, so far in 2011 has been a driving force in the stock market's positive performance. In fact, global M&A activity in the first quarter topped $799.8 billion, the most since 2007's pre-crash frenzy, according to a recent report in Forbes magazine. Article by By Larry D. Spears, Contributing Writer, Money Morning
April 26, 2011
I received this e-mail from Steven Goldberg, an M&A attorney at the law firm of Baker & Hostetler LLP. Steve argues that a management led buyout (MBO) can be good for company shareholders if the company engages in a fair auction. A fair auction can occur through various means. I found it both timely and thought provoking, and wanted to pass it along.
February 21, 2012
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