Private Equity
2 min read · 12 August 2011
3 min read · 12 August 2011
It turned out Tuesday was just a brief respite. On Wednesday Today we were back in the the business of a market sell-off. Besides the public companies that got a haircut, the tumultuous market also dashed the hopes of six of the 12 companies on the docket to go public this week. Then, Thursday, the market surged back, with the Dow up nearly 4 percent. On Tuesday, three companies postponed their offerings, including 3-D motion-sensing company InvenSense Inc, a VC-backed company that hoped to raise $99.8 million. On Wednesday, another three companies postponed, including two VC-backed startups: employee benefit program provider WageWorks, which held off on a $49 million IPO, and medical services provider WhiteGlove, which tabled
2 min read · 11 August 2011
2 min read · 11 August 2011
A day after getting beaten down with the rest of the market, three-fourths of this year's VC-backed IPOs posted gains in today's market rebound. Of the 38 VC-backed companies that have gone public on U.S. exchanges this year, 28 saw their share prices increase today, while nine experienced declines and one remained flat, according to data from Thomson Reuters (publisher of peHUB). That stands in stark contrast to yesterday, when 36 of the stocks lost value and two remained flat. The biggest gainers in terms of dollars were LinkedIn (NYSE: LNKD), which shot up
1 min read · 09 August 2011
1 min read · 08 August 2011
As you are well aware by now, the stock market plunged today on fears that the U.S. economy is slipping back into a recession and concerns about a debt crisis in Europe. It was the biggest selloff in two years, with the Dow and the S&P 500 both declining by more than 4% and the Nasdaq falling by 5 percent. I was curious how this year's crop of VC-backed companies fared in the correction, so I took a look at the performance of 2011's 10 largest IPOs of U.S.-based VC-backed companies. Given that I was expecting to find a bloodbath, I
2 min read · 05 August 2011
The CEO of hot VC-backed startup Airbnb today issued a public apology for how the online home rental service responded when one of its customers had her home trashed and identity stolen by another customer. Chief executive Brian Chesky also announced new safety measures and a $50,000 “guarantee” to any customers who suffer property damage. But is Chesky’s mea culpa too little too, too late? It comes more than a month after a blog post from aggrieved Airbnb customer “EJ” went viral and earned the Twitter hashtag #ransackgate. During that time, Airbnb made a number of missteps, appearing uncaring and keeping the story alive. This morning, before Chesky’s apology, 10 media outlets had covered the story, including CNN, Reuters and the Washington Post. That’s in addition to previous stories from popular tech blog TechCrunch, which were widely retweeted. “I think this is the right response , but it took them too long to get to it and they’ve done a lot of
4 min read · 01 August 2011
Time to catch up on the blog posts and news items that your peers found most interesting on peHUB this week. Following are the top 10 posts that garnered the most pageviews from regular readers from July 25 to July 29. (We did a separate list for the week's most popular slideshows.) This week's hot topics include David Lowe leaving the San Francisco buyout shop he co-founded; Elevation's Roger McNamee announcing plans to get into seed investing; the sale of fried chicken restaurant Bojangles'; and strong interest among buyout shops to buy brokerage Morgan Keegan. 1. Co-Founder Has Left San Fran Firm, by Bernard Vaughan 2. McNamee Promises to Make Seed Investments from Buyout Shop Elevation Partners (subscribers only), by Mark Boslet 3. The Mystery of Bojangles’s New York Store Is Solved, by Luisa Beltran 4. Blackstone, Carlyle Among Bidders for Morgan Keegan, by Paritosh Bansal and Megan Davies, Reuters 5. Dealtalk: Buyout Firms Target Unloved Corporate Divisions, by Simon Meads, Reuters
1 min read · 29 July 2011
1. Top 10 Sectors Backed by VCs in Q2; the Internet Isn’t the Only Game in Town, by Mark Boslet 2. Don’t Let Momentum Slip–And Other Top Fundraising Tips, by David Toll 3. Texas County & District’s Top-Performing Funds, by David Toll 4. Who’s Investing Faster — DST or Andreessen Horowitz?, by Connie Loizos 5. Who’s Getting Rich Off of the Dunkin’ IPO? Here Are the Top Shareholders, by Luisa Beltran 6. More Money Flows into Mobile Ad Startups, by Joanna Glasner 7. Seed/Early Stage Investments Hit 12-Year High in Q2, Fueled by Internet Deals, by Mark Boslet 8. Playing The Field: PE And Pro Sports, by Gregory Roth
1 min read · 29 July 2011
