Private Equity
After 12 years at Sequoia Capital and U.S. Venture Partners, Tim Connors hung his own name on the door Monday as managing partner of a $35 million micro VC fund called PivotNorth Capital. The fund took Connors two quarters and “25,000 miles of planes, trains, and automobiles” to raise, Connors wrote in a blog post. Connors told peHUB in an interview that the micro model reminds him of the venture business 20 or so years ago, when the Sequoias and KPs were smaller shops with fewer partners and staff. “I’m kind of going back to the tried and true business model,” he said. “There’s more than one way to be successful” in venture.
2 min read · 04 April 2011
2 min read · 04 April 2011
This morning we learned in a TechCrunch report that Michael Brown, a Facebook corporate development manager, left the company in a spat that appeared to be tied to his trading of Facebook shares in the secondary market. The facts of the case are unclear, and we at peHub are not weighing in on what did or did not take place. We can only say it appears Facebook had no intention of making an example out of Brown, so perhaps more has been made of this blowup than should have. However, the dispute shines a light on several persistent secondary market issues that are worth raising and which will likely to take time -- and several court decisions -- to resolve.
3 min read · 01 April 2011
Modern incubators are multiplying and venture investment strategies may need to change
9 min read · 01 April 2011
Improving venture sentiment pushes multiple liquidation preferences to the back burner and leads to an increase in up rounds
3 min read · 01 April 2011
AngelList is reinventing seed investing and in the process generating controversy
5 min read · 01 April 2011
The top two performing IRRs, as of Sept. 30, come from Menlo Ventures and Austin Ventures
1 min read · 01 April 2011
Rhode Island Treasurer Gina Raimondo co-founded Point Judith Capital
1 min read · 01 April 2011
2 min read · 31 March 2011
1 min read · 31 March 2011
