Private Equity
Markstone Capital announced today that the firm appointed Ambassador Dan Gillerman as Chairman following the resignation of Elliott Broidy. Today Attorney General Andrew Cuomo announced Broidy pled guilty to pled guilty to bribing officials of New York State Common Retirement Fund in exchange for a $250 million commitment to Markstone Capital's Israel-focused venture capital fund. Markstone said the firm expects the investigation will have no effect on the value of investors’ interests in the partnerships. The firm has thus far has invested $562 million in ten companies, with an overall gross internal rate of return of 11%, the firm said.
3 min read · 04 December 2009
Canaan Partners appointed Tim Shannon, M.D., to venture partner. Dr. Shannon was most recently president and chief executive officer at CuraGen Corporation, a publicly-held biopharmaceutical company focused on oncology.
3 min read · 02 December 2009
Alfred Macdaniel has joined Santé Ventures as vice president of finance and general counsel. He previously was a senior associate with Fish & Richardson PC.
1 min read · 01 December 2009
Tim Shannon has joined Canaan Partners as a venture partner, with a focus on the healthcare sector. He previously was president and CEO of CuraGen Corp., a publicly-held oncology drug company acquired by Celldex Therapeutics in October.
3 min read · 01 December 2009
David Wurzer has joined Connecticut Innovations as a managing director. He previously was executive vice president, treasurer and CFO for CuraGen Corp. (Nasdaq: CRGN).
2 min read · 30 November 2009
Howard Gwin has joined Silicon Valley growth equity firm Bridgescale Partners as a venture partner, working out of Toronto. He most recently served as president of Solect Technology Group.
2 min read · 23 November 2009
Michael Avon has joined Millennial Media as executive vice president and chief financial officer. He previously was a principal with Columbia Capital. Millennial is a Baltimore-based provider of mobile advertising solutions, which recently raised $16 million in Series C funding from firms like Columbia, New Enterprise Associates, Bessemer Venture Partners and Charles River Ventures.
2 min read · 20 November 2009
Nate Westheimer has joined Flybridge Capital Partners as an advisor, while continuing to serve as co-founder and executive vice president of product and technology at AnyClip. Prior to AnyClip, Westheimer was an entrepreneur-in-residence withRose Tech Ventures.
2 min read · 19 November 2009
The Forbes Midas List may be gone, but AlwaysOn has stepped into the breach with what founder Tony Perkins says will be its first annual VC100 list of top performing venture capitalists. Winners were selected based on four years worth of data -- from Oct. 1, 2005 through Sept. 30, 2009 -- and were judged on "total number and dollar amounts of successful M&A and IPO deals from their portfolio companies. For IPOs, AlwaysOn examined opening market capitalization as well as subsequent stock performance, relative to the Nasdaq. For each investment, AlwaysOn counted one lead investor per firm, in order to identify the true dealmakers. Much of the data required for a thorough evaluation remains private and inaccessible..." No one from Kleiner Perkins made the list, which is unusual, and it isn't ranked -- the copy I have is in alphabetical order. Get it after the jump:
1 min read · 18 November 2009
Forbes will not publish its annual Midas List next year, peHUB has learned. A company spokeswoman confirmed the decision, saying that there are no current plans to revisit it. Really a shame, given that 2010 would have been the year in which Google's IPO would have no longer factored into the rankings. For the uninitiated, Forbes' Midas List is designed to "identify venture capitalists who generate profits for their investors and assist in building valuable, long-lived technology and life sciences companies." It's considered the bible for VC bragging rights, with firms quick to send out indulgent press releases when one of their partners makes the cut.
2 min read · 17 November 2009
