Connie Loizos

Evidence, Finally, that VCs Are More Important than Their Firms

According to a new study published by Harvard and Carnegie Mellon academics, individual venture capitalists are roughly five times more powerful than venture firms as leading indicators of successful startups.

peHUB Second Opinion 6.19

Dolce and Gabbana are sentenced to prison. So gauche! Retired Army General Wesley Clark joins Blackstone as an advisor. And Steve Jobs ponders his legacy in a newly released, must-see video from 1994. And much more!

In Silicon Valley, Less Focus on Providing for Future Generations

From their work ethic to their idealism, people in Silicon Valley tend to do things a bit differently. Turns out those differences extend to the way many of Silicon Valley’s newly rich think about generational wealth.

peHUB Second Opinion 6.18

Economist Steven Levitt on why data needs stories. Malcolm Gladwell on the gift of doubt. And why, when it comes to New York's tech scene, Mayor Bloomberg will be a tough act to follow. And more!

Medivo Raises $15 Million to Expand Health Monitoring Platform

Medivo, a New York-based online health monitoring platform, has raised $15 million in Series B financing led by the Merck Global Health Innovation Fund, with participation from existing investors Safeguard Scientifics and MentorTech Ventures. To date, the company has raised more than $22 million.

KAJ Hospitality Raises $2.5 Million to Finance Hotel Acquisition

Scottsdale, Az.-based DPG Investments and its affliates provided $2.25 million as part of a $2.5 million equity round raised by KAJ Hospitality, a South Dakota outfit focused on hospitality management and investments. KAJ will use the capital to acquire a Wichita, Kansas-based Holiday Inn Express.

EMCOR Group to Acquire RepconStrickland

EMCOR Group of Norwalk, Conn., has entered into an agreement to acquire RepconStrickland, which offers turnaround and specialty services to the North American refinery and petrochemical markets. EMCOR, a mechanical and electrical construction services company, is buying RepconStrickland for $455 million in cash; the money will largely go to RepconStrickland's majority shareholder, which is an affiliate of ArcLight Capital Partners, the energy-focused private equity fund.

Campbell Soup to Acquire the Baked Snacks Maker Kelsen Group

Campbell Soup Company, based in Camden, New Jersey, is acquiring Kelsen Group A/S. The company, based in Nørre Snede, Denmark, makes baked snacks, including sweet biscuits, that are sold in 85 countries. Campbell is acquiring the company for an undisclosed amount from the Danish private equity firm Maj Invest.

General Catalyst Says CLEAResult Sale Illustrates Success of EIR Strategy

General Catalyst says its executive-in-residence program is clicking, pointing to the successful sale of energy startup CLEAResult to General Atlantic.

peHUB Second Opinion 6.17

Google clears the way to issue a new class of nonvoting stock, Whole Foods limits executive salaries to no more than 19 times the average employee, and might this be the laziest airport employee ever? And more!