Private Equity
1 min read · 01 March 2011
The trading of private company shares in the personal accounts of venture capitalists is raising concerns over potential conflicts of interest for firms as the influence of secondary market exchanges continues to grow. Numerous venture firms permit employees' trading in secondary market shares with some limitations, including Lightspeed Venture Partners, Bessemer Venture Partners, YCombinator, Matrix Partners, Founder Collective, Blackberry Partners Fund, Volition Capital and Rho Ventures, according to a peHUB investigation into the practice. Others -- which appear far fewer in number -- such as Flybridge Capital Partners, block the practice with policies demanding general partners hold no secondary securities. Many more VC firms refused to comment at all, when peHUB contacted senior partners. (How do you feel about this issue? Take our poll at the end of this story.) Sources at firms willing to acknowledge they prohibit GPs from making secondary market investments cited conflict of interest concerns when asked by peHUB.com.
3 min read · 01 March 2011
Going Loonie: Weak buck bucked by rising Canadian dollar Carrefour Consideration: One of the world’s largest retailers will talk divest at its annual board meeting today The Core Four: Warren Buffett has identified a handful of final candidates to replace him. Do I smell a Nebraska reality television series? A Smart Move with Rising Oil: Cheap biofuel tech developer Agrivida looks to grow
1 min read · 01 March 2011
1 min read · 28 February 2011
2 min read · 28 February 2011
Buying In: JPMorgan’s new fund seeks Twitter stake Mall Rats: Blackstone eyes $9.4B mall deal “Our elephant gun has been reloaded, and my trigger finger is itchy”: Buffett is serious about M&A again, bullish on America, in his annual letter to shareholders Just in Case: You couldn’t hang until almost midnight, here’s the Oscars winners list
1 min read · 28 February 2011
Got our emails? Get our emails. Hopefully: This isn’t built into Facebook’s valuation… Playing Ketchup in Emerging Markets: An acquisition in Brazil would mark Heinz’s only operations there, if a deal can be done The Untouchables: Here’s a roster of the personality types you’d be best to avoid on Wall St. (or, pretty much anywhere else)
1 min read · 25 February 2011
Secret Meetings: Is the White House trying to keep Obama administration meetings with lobbyists shielded from the public? Supplier Issues: A screen maker for Apple’s iPhone sees workers sickened at China plant The JPMorgan Network: The mega-bank’s social media fund raises $1.2B already Expanding: Dunkin’ heads to India
1 min read · 24 February 2011
1 min read · 23 February 2011
Back in Business: Fresh off his failure to carpetbag his way into office on behalf of the people of New York state, Harold Ford instead opts to become a senior client manager for Morgan Stanley Speaking Of: Wanna-be politicians, you, too, can play legislator for a day and try and budget-trim our way back to fiscal sanity Not Just PE: A Quora member poses an uncomfortable question about women and seniority at VC firms Getting the Job: How to land a gig at Microsoft, or, though Union Square Ventures
1 min read · 23 February 2011
