Private Equity
DCM announced that it has raised $400 million for its sixth venture capital fund, and a RMB 200 million (approx $30m) side-fund. The firm previously raised $505 million for its fifth fund in 2005. In other DCM news, the firm has added Sling Media co-founder Jason Krikorian as a general partner. It also promoted Tokyo-based Osuke Honda to partner.
3 min read · 21 July 2010
1 min read · 19 July 2010
Andy Macdonald, Nick Marsh and Scott Switzer have joined FirstMark Capital as venture partners. Macdonald is president of CoreLogix’s investigative and litigation services unit. Marsh co-founded Cosi and Switzer founded OpenX.
4 min read · 19 July 2010
Kleiner Perkins partner Joe Lacob yesterday agreed to buy the Golden State Warriors. Now I know what you're thinking: "Gee, he must have gotten tired of having to attend all those playoff games as a Celtics minority owner. Next May, he'll be able to turn in by 10pm each night." For me, the question is if he'll be a fulltime owner like Wyc Grousbeck, who quit his VC job before later returning in a part-time capacity (after he realized that there wasn't too much for him to do in the Celts office each day, after working out in the team gym). Or will he be like Steve Pagliuca, who kept his dayjob at Bain Capital (and even found time to run for U.S. Senate)? I put the question to Lacob via email, to which he replied: "Good question. But, I cannot comment on this one yet."
1 min read · 16 July 2010
Neill Occhiogrosso has joined Investor Growth Capital as a New York-based vice president. He had spent the past four years with Highland Capital Partners, most recently as a Boston-area principal.
1 min read · 15 July 2010
Flybridge Capital Partners has promoted Matt Witheiler from senior associate to principal. He joined the firm two years ago, and sits on the board of The Capital Network.
2 min read · 15 July 2010
Jeff Markowitz has joined executive search firm Heidrick & Struggles as managing partner of its global venture capital practice. He previously was with Howard Fischer Associates.
2 min read · 15 July 2010
1 min read · 15 July 2010
Paul Roales, an associate with Pearl Street Venture Funds, is the latest venture capitalist to run for elective office. He's the Democratic Party nominee to represent Indiana's 26th District in the state legislature. May not sound like too big a deal, but Karl Rove would disagree. In a March column for the Wall Street Journal, Rove wrote: Some of the most important contests this fall will be way down the ballot in communities like Portsmouth, Ohio and West Lafayette, Ind., and neighborhoods like Brushy Creek in Round Rock, Texas, and Murrysville Township in Westmoreland County, Pa. These are state legislative races that will determine who redraws congressional district lines after this year's census, a process that could determine which party controls upwards of 20 seats and whether many other seats will be competitive.
1 min read · 14 July 2010
It’s no secret that dozens of venture capital firms are fighting for their lives. It may be time to add Rustic Canyon Partners to that list. The Santa Monica, Calif.-based firm began life with a bang, raising $500 million for its debut fund in 1999. It would later raise small vehicles -- including an SBIC fund and a joint fund with Fontis -- and then secured just over $200 million for Rustic Canyon III. That vehicle officially closed in October 2008, though fundraising, and investing, began in early 2007.
3 min read · 13 July 2010
