Private Equity
We’ve got another “Pay Czar.” Patricia Geoghegan replaces Kenneth Feinberg in overseeing compensation at companies bailed out by Uncle Sam. BP has been kicked off the FTSE4Good ethical investment index. That ought to really make someone think twice about dumping another 5 million barrels of oil into the ocean. Eager to tell your Facebook friends you’re not at home? Not such a great idea. Still not tired of the super angel vs. VC debate? Tune into part 5 of Sarah Lacy’s “Super Angel/VC SMACKDOWN” video series. Dear John Smith: If you missed out on securing john.smith@gmail.com, now’s your chance to lock in http://about.me/johnsmith. Fortune’s Dan Primack is intrigued by Ann Miura-Ko. Hey, Dan, if you’re really interested, check out the profile Joanna Glasner wrote about Miura-Ko in AUGUST as part of VCJ's “Hot Prospects” cover story. Stanford student gets instant satisfaction. After quickly coding YouTube Instant following Google’s unveiling of “instant” search functionality, Feross Aboukhadijeh got a job offer from YouTube's CEO. Shakeup at Nokia. Phone giant nabs Canadian Microsoft exec Stephen Elop to be its new CEO.
1 min read · 10 September 2010
There’s no escaping Facebook, even when you're shopping in a real store. Lesson for entrepreneurs: Bill Bartmann lost $3.5 billion and his company, but he didn’t give up. Now he’s making a comeback. Kooky idea of the day: Rapper Snoop Dog has teamed with Symantec to raise awareness about cybercrime. Got some rhymes for da house? Check out the Hack is Wack rap contest. Outlandish claim of the day: Mike Arrington says Google offered a developer a $500,000 cash bonus to stay at Google for a year instead of going to Facebook, but the developer turned down the offer. In this economy? Job-cutting bosses get paid more than their peers, says new study. Anyone seen my hatchet? Steve Jobs wants to own your living room. Like we didn't see that one coming.
1 min read · 02 September 2010
2 min read · 01 September 2010
The managing director for Investment Fund for Foundations talks micro VC funds
4 min read · 01 September 2010
9 min read · 16 August 2010
3 min read · 16 August 2010
David BerchenbriterPartner, BerchWood Partners
2 min read · 16 August 2010
Kohlberg Kravis & Roberts & Co. and The Blackstone Group may own the headlines for sponsoring the biggest buyouts. But a bevy of new LBO firms have quietly formed in recent years, buying and selling small and medium-size companies in less-traveled regions of the country.
3 min read · 12 August 2010
2 min read · 03 August 2010
Fast-growing Squarespace, a competitor to blogging platforms such as Wordpress and TypePad, tonight announced that it has taken its first institutional money—a $38.5 million growth investment led by Index Ventures and Accel Partners. The deal values the company between $80 million and $100 million, according to a knowledgeable source. The New York-based company landed on the Inc. 500 last year, coming in at No. 339. Inc. magazine reported that the eight-employee company had grown its revenue from just under $270,000 in 2005 to $2.2 million in 2008. If there were a website development tool for dummies, Squarespace would be it. Take a look at the demo on its website. Pretty slick stuff. The company says its hosted service is used by “tens of thousands of websites” worldwide and that its customer list includes fashion designer Marc Ecko, PR powerhouse Porter Novelli, TV journalist Bob Woodruff, ABC News Radio, actor Kevin Pollak and shock jock Don Imus.
2 min read · 14 July 2010
