Private Equity
Ok, so we all know it’s an awful public market for growth technology and biotech companies. But the full force of just how awful didn’t quite hit home until this morning, when I repeated an exercise last performed as a tech reporter during the dotcom crash: Checking to see how many VC-backed companies that went public in the last two years are now trading below cash value. The answer: Lots.I just got through the B’s in my alphabetical order scan, and came up with three: Authentec is profitable, has $62 million in cash, no debt, and a $42 million market cap, according to Yahoo Finance, which uses last quarterly figures. Bioform Medical has $50 million in cash, $86,000 in debt, and a market cap of $37 million Biodel has $92 million cash on hand, no debt, and a $58 million market cap. Skipping down to the Gs I found perhaps the most dramatic crash-and-burn, Glu Mobile. Shares in the
2 min read · 20 November 2008
Silicon Valley venture firm is mulling a $500M growth fund to invest in cleantech, following a similar move by Kleiner Perkins
4 min read · 01 October 2008
Strong private companies are using stock and cash to buy other startups, hoping to build category killers that can weather a downturn
10 min read · 01 October 2008
Sophisticated portfolio management systems are flooding the market, but many VCs remain stuck in their old-fashioned ways
10 min read · 01 September 2008
Seven venture-backed Wisconsin companies were acquired or went public last year, but 'America's Dairyland' still finds it hard to attract VC from outside its borders
9 min read · 01 August 2008
Buffeted by the sputtering U.S. economy, the venture market continued to slow down in Q2, leaving most VCs predicting even tougher times ahead
8 min read · 01 August 2008
1 min read · 01 July 2008
The idea that you can do good for society and the environment—and still make a healthy profit—is starting to catch on
10 min read · 01 July 2008
Former Amazon.com VP David Tennenhouse is now scouting tech deals on the West Coast for corporate spinout specialist New Venture Partners
5 min read · 01 July 2008
The viability of algae as an alternative to corn-based biofuel is fueling investor interest
5 min read · 01 June 2008
