Private Equity
News briefs about NY State Common, IOWA, LACERS and New Mexico
4 min read · 01 February 2010
Capital Dynamics
5 min read · 01 February 2010
Most U.S. venture capitalists who invest in cleantech don’t believe the nations of world will do enough to slow climate change by 2020, but they are optimistic that the startup companies they finance will lead the way in creating technologies that reduce global warming. Those were two of the takeaways of a recent survey of 41 cleantech investors by Reuters and Venture Capital Journal. (Complete results of the survey are available to VCJ subscribers here.) "It is likely that we will make significant technology, conservation and policy gains globally ... but material CO2 reductions will take an additional decade to register," Don Wood, a managing director at Draper Fisher Jurvetson, wrote in one survey response. Robert Nelsen, co-founder and managing director of Arch Venture Partners, noted that "the world has absolutely no hope of making any substantial impact on global warming without major scientific breakthroughs, almost all which will come from United States’ innovation. China and Europe are doing well developing markets and applications, but we still own the fundamentals.”
2 min read · 28 January 2010
Briefs about PineBridge and LPs in New York, San Francisco
2 min read · 25 January 2010
Venture capital investment picked up significantly in the fourth quarter, according to preliminary data from Thomson Reuters (publisher of peHUB). The National Venture Capital Association and PwC won’t release their official MoneyTree Report (which is based on Thomson Reuters’ data) until this Friday, but the raw numbers in our database show a spike. The preliminary figures show that U.S.-based VCs pumped just over $17 billion into nearly 1,400 companies in Q4, making it the biggest quarter of 2009. By comparison, U.S.-based VCs invested $13.9 billion in 1,251 companies in Q3, $8.9 billion in 1,223 companies in Q2, and $7 billion in 1,130 companies in Q1, according to Thomson Reuters. The MoneyTree numbers will be a bit different, since they focus only on investments in U.S.-based companies (regardless of VC location). They also get scrubbed a bit by PwC before release. That said, I'd be surprised if MoneyTree shows a decline from Q3 to Q4. As I noted in a previous post about New Enterprise Associates, we’ve seen anecdotal evidence that at least some firms have become more active.
2 min read · 21 January 2010
2 min read · 18 January 2010
Guardian Capital Partners raises $50M for its inugural effort
2 min read · 18 January 2010
2 min read · 18 January 2010
2 min read · 18 January 2010
In a dismal year for both VC-backed IPOs and M&A, Accel Partners stood out. Nine of its portfolio companies were sold for combined proceeds in excess of $2 billion, a significant increase from 2008, when 10 of its portfolio companies were sold for less than $300 million in total disclosed proceeds. Accel’s three biggest hits were mobile advertising startup AdMob, bought by Google for $750 million; open source software developer SpringSource, acquired by VMWare for $420 million; and national defense technology provider BBN Technologies, bought by Raytheon for $350 million. I spoke to Accel’s Jim Breyer about his firm’s M&A successes and a host of other issues for Venture Capital Journal’s January issue. VCJ subscribers can read the full interview here. For you, dear peHUB reader, you can get video snippets of our interview after the jump...
1 min read · 13 January 2010
