Private Equity
Nava Swersky Sofer is stepping down as president and CEO of Yissum, the technology transfer company of Hebrew University of Jerusalem. Prior to taking over Yissum three years ago, Sofer was a partner with Sanderling Ventures.
2 min read · 30 December 2008
Paul LaViolette has joined SV Life Sciences as a venture partner, according to VentureWire. He is the former chief operating officer of Boston Scientific. The report also says that SV Life Sciences will begin raising a new fund early next year. www.svlsa.com
1 min read · 17 December 2008
Greg Richey has joined Chrysalis Ventures as chief operating officer. He previously was COO and CFO of Butler, Shine, Stern & Partners.
2 min read · 17 December 2008
Advanced Technology Ventures has made three promotions: Tom Rogers to partner, Christian Cortis to principal and Andrew Friendly to principal.
2 min read · 16 December 2008
ARCH Venture Partners has promoted Kristina Burow and Paul Thurk to the position of partner. Burow joined the firm’s San Francisco office in 2002, and is a co-founder and director of Sapphire Energy. Thurk joined the firm’s Austin, Texas office in 2000, and co-founded Innovalight.
2 min read · 15 December 2008
1 min read · 12 December 2008
Earlier this week, I suggested that public pension systems could become embroiled in bonus battles that would play out on the front pages. At issue would be managers who get cut checks for beating market benchmarks, even if both the benchmarks and their individual performance are underwater. Well, it seems that such a situation has already occurred. A helpful reader points us to this story from South Carolina, where the state retirement system owed chief investment officer Bob Borden a $176,000 bonus for performance relating to the fiscal year ending June 30. South Carolina Treasurer Converse Chellis moved to block the payment, arguing that it was inappropriate given state budget cuts and state worker furloughs. Chellis took his fight to the system's investment commission
1 min read · 11 December 2008
3 min read · 11 December 2008
Gurbaksh Chahal, the 26-year-old founder of ad network BlueLithium and, more recently, the e-commerce startup gWallet, stars tonight in the season premier of Fox's "Secret Millionaire." Here's the premise: Each week, a supremely wealthy someone is dropped into a poor, crime-infested neighborhood for a week. Going in undercover, his or her job is to meet as many people as possible and, hopefully, be lastingly transformed by them. As I've said before, it's exceedingly easy to mock “G” as Chahal refers to himself. Chahal, who sold BlueLithium to Yahoo last year for $300 million, is ostentatious, from his white Bentley to his $7 million gold-appointed San Francisco penthouse that he calls the "G Spot" to the um, immodest, picture featured here, which was up at his Website for a time. I'm reluctant to judge. I've only met him once briefly before, and he seemed nice (and surprisingly unassuming).
3 min read · 11 December 2008
1 min read · 11 December 2008
