Keyword: venturecapital

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  • Assistant Attorney General Makan Delrahim Delivers Opening Remarks at Public Workshop on Venture Capital and Antitrust

    02/13/2020 9:46:34 AM PST · by ransomnote ^ | February 12, 2020 | Makan Delrahim AAG at DOJ Antitrust
    Palo Alto, CA  ~  Wednesday, February 12, 2020 “Opportunities (Let’s Make Lots of Money)”*: The Role of Venture Capital in a Competitive EconomyRemarks as Prepared for Delivery Good morning.  On behalf of the Department of Justice’s Antitrust Division, the Stanford Graduate School of Business, and the Rock Center for Corporate Governance, I want to welcome you to Paul Brest Hall and Stanford University.  I am Makan Delrahim, and I have the privilege of serving as the Assistant Attorney General for Antitrust at the Department of Justice.Today’s event is part of our on-going effort at the Department of Justice to understand the...
  • Little Known Silicon Valley Group Mind the Gap Spending Millions to Boost Democrats in 2020

    01/17/2020 6:16:36 PM PST · by bitt · 21 replies
    LEGALINSURRECTION.COM ^ | 1/9/2020 | mike lachance
    the group is accomplishing this all behind the scenes without any prior public scrutiny Democrats are fond of claiming that they want big money and so-called dark money taken out of politics. Yet a Silicon Valley-based group is quietly pumping over a hundred million dollars into efforts to help Democrats in 2020, mostly through voter registration. Funny, it doesnt sound like anyone on the left is complaining about this. Theodore Schleifer reports at Recode: How Silicon Valleys secretive donor group plans to beat Trump Mind the Gap, the secretive group quietly reshaping big-money politics in Silicon Valley, is aiming...
  • Larry Fink Defends BlackRocks New Emphasis on Climate Change. What Investors Need to Know.

    01/17/2020 6:50:05 PM PST · by Libloather · 15 replies
    Barron's ^ | 1/17/20 | Leslie P. Norton
    Larry Finks recent letters to CEOs and investors were certain to press buttons, because they dealt with BlackRocks plans to address climate change. Yet the reactions, Fink tells Barrons, have been positive even as climate change has become a political football. I received one of the great letters of my career from a client in a red state, says the CEO of BlackRock (ticker: BLK). This client was very thankful. This client said, We have a 10- to 20-year investment horizon. We now need to look at how we think about investing. BlackRock puts climate-risk analysis at the heart...
  • Boneheads on Boards of Directors

    11/10/2019 4:22:56 AM PST · by Kaslin · 8 replies ^ | November 10, 2019 | Gil Gutknecht
    When most employees get fired, they leave with only their personal items and a strong dose of embarrassment. No severance. No gold watch. No retirement party. Just a terse, “Don’t bump your butt on the door on your way out!” It matters not that the employee may have been a solid contributor to the company for many years.  Such is not the case if you are among the chosen few who are blessed to work for very generous boards of directors. Witness the recent events under the Golden Arches. CEO Steve Easterbrook was pushed out for admittedly having a sexual...
  • Trumps Merit Based Immigration Can Focus on Investment in America,

    11/24/2018 8:48:52 AM PST · by Kaslin · 10 replies ^ | November 24, 2018 | Peter Ferrera
    President Trump wants to reform immigration to be based on merit, rather than lotteries, anchor babies, and chains of poor, unskilled, uneducated relatives, all with their hands out asking for public assistance from American taxpayers. Merit means immigration based on what the immigrant can bring to, rather than take from, America. President John F. Kennedy, the last great Democrat, articulated the policy well in his 1961 Inaugural address, when he said, Ask not what your country can do for you. Ask what you can do for your country. Trumps vision is to apply this principle to those who are...
  • Steve Jurvetson Is Out at His Own Venture Capital Firm After Allegations of Sexual Harassment

    11/14/2017 12:33:48 PM PST · by nickcarraway · 11 replies
    Recode ^ | NOV 13, 2017 | THEODORE SCHLEIFER
    The high-profile entrepreneur helped start Draper Fisher Jurvetson.Famed venture capitalist Steve Jurvetson is leaving his job at Draper Fisher Jurvetson in the wake of an investigation into sexual harassment. Jurvetson is the highest-profile venture capitalist to be forced from his job amid an industrywide evaluation of how Silicon Valley treats women. Jurvetson sits on the board of two of techs flashiest companies, SpaceX and Tesla, and the news has already stripped him of those posts, at least temporarily. DFJ announced the move in a letter to limited partners on Monday. The firm released a statement to Recode that read: As...
  • Silicon Valley Venture Capital Pioneer, Tom Perkins, Dead At 84

    06/09/2016 9:21:15 PM PDT · by nickcarraway · 9 replies
    NPR ^ | June 9, 2016 | ALINA SELYUKH
    Tom Perkins, one of Silicon Valley's first venture capitalists, died this week. The New York Times reported on Thursday that the financier died at 84 at home in Tiburon, Calif., of natural causes. The firm he helped co-found, Kleiner Perkins Caufield & Byers, confirmed the news to NPR. Perkins and Eugene Kleiner co-founded a venture capital firm in 1972 "at a time when parts of Silicon Valley were still largely fruit orchards," as the Times points out. The firm later grew into a behemoth, propelling a new approach to investment, the Times reports: "Perkins and his partners popularized a...
  • Universities Venture Into Capitalism

    02/20/2015 7:35:53 AM PST · by Academiadotorg · 2 replies
    Accuracy in Academia ^ | February 19, 2015 | Malcolm A. Kline
    Universities may want to adopt a basic rule to avoid mission creep: When you have failed in your basic task, it is probably not a good idea to enter into new ventures outside of that undertaking. With graduation rates that could at best be described as anemic and skill mastery among graduates which might be characterized as pathetic, universities are venturing into the world of venture capitalism. Universities across the country have developed entrepreneurship programs in recent years aimed at encouraging students and faculty to turn promising business ideas into actual companies, Steven Overly reported in the Washington Post on...
  • Venture Capital In Medical Innovation Declines

    05/15/2013 7:29:27 AM PDT · by SeekAndFind · 2 replies
    IBD ^ | 05/15/2013 | By JONATHAN S. LEFF
    Venture capital investment in American life-sciences innovation is suffering an alarming decline. The number of new biotechnology and medical device companies receiving start-up financing has now fallen to the lowest levels in 18 years, according to PriceWaterhouseCoopers. In recent decades, the cost of developing a single new medicine has grown more than 10-fold, to $1.5 billion. On average, each new drug spends 15 years in development. And only two in 10 successfully commercialized medicines ever earn a return on investment. Start-ups have played a vital role in the development of an entire generation of cutting-edge new therapies that have revolutionized...
  • Mitt Romney is worth $250 million. Why so little? (Here's a new tack)

    10/05/2012 11:24:55 PM PDT · by 2ndDivisionVet · 27 replies
    The Washington Post ^ | October 5, 2012 | William D. Cohan
    Mitt Romney is indisputably a very rich man. And if he is elected president on Nov. 6, he will become one of the wealthiest people ever to hold the office. But exactly how wealthy is Romney? The figure that gets tossed around is $250 million in net worth meaning the total value of his assets, financial and others, minus any debts. Its a big number, but frankly, it seems low. Given the industry in which he made his fortune (private equity), the era when he made it (the 1980s and 1990s) and the wealth of his peers in that...
  • Venture Capital Deals

    06/16/2012 2:18:45 PM PDT · by IsraelBeach · 1 replies
    CNN / Google News ^ | June 14, 2012 | CNN Financial Staff
    Global Blood Therapeutics Inc., a San Francisco-based developer of oral medicines to treat chronic blood-based diseases, has launched with $40.7 million in Series A funding from Third Rock Ventures. Invuity, a San Francisco-based developer of surgical visualization and illumination technology, has raised $25 million in Series D funding. Valence Advantage led the round, and was joined by return backers Kleiner Perkins Caufield & Byers and InterWest Partners. Thismoment, a San Francisco-based provider of social content management software for brands, has raised $22 million in Series C funding led by Trident Capital. The company previously raised over $11 million...
  • The Real Scandal Is Obama's Public-Equity Ventures (Not Bain Capital)

    05/26/2012 6:32:50 AM PDT · by SeekAndFind · 9 replies
    IBD ^ | 05/26/2012 | By MARC A. THIESSEN
    Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney's tenure at Bain Capital. But the strategy could backfire in ways Obama has not anticipated. After all, if Romney's record in private equity is fair game, then so is Obama's record in public equity and that record is not pretty. Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters leaving in their wake bankruptcies, layoffs, criminal...
  • Cory Booker And The Bain Of Obama's Existence

    05/21/2012 4:22:53 PM PDT · by Kaslin · 7 replies
    IBD Editorials ^ | May 21, 2012 | Editor
    Campaign 2012: Newark's mayor succumbs to administration thought control after going off-script and praising the private-equity firm that succeeded in creating net jobs, unlike presidential investment Solyndra. The White House must have had a bad case of the vapors when Newark Mayor Cory Booker, viewed in some quarters as a practical, non-ideological problem-solver, praised the record of Mitt Romney's former private firm Bain Capital, before a national audience on NBC's "Meet The Press," and eschewed attacks of a type he found "nauseating." "I have to just say from a very personal level, I'm not about to sit here and indict...
  • Mitt Romney and the Hypocrisy of Bain Capital

    01/11/2012 10:21:31 AM PST · by SeekAndFind · 50 replies · 2+ views
    American Thinker ^ | 01/11/2012 | Aaron Goldenberg
    SNIP Mitt Romney was NOT primarily a venture capitalist. A venture capitalist invests in early-stage businesses with the hope that they grow and prosper. These early-stage businesses are often risky investments. Though most ultimately fail, some succeed spectacularly making the risks worthwhile. Apple Computer and Google are two such examples. This is what Mitt Romney means when he says some investments succeed and some fail. By contrast, Mitt Romney was primarily what is affectionately known as a vulture investor. Bain Capital invested in failing companies with the intention of either restructuring their business or stripping the business and selling its...
  • Government "Venture Capital" vs. Private Venture Capital

    10/01/2011 11:44:27 AM PDT · by moneyrunner · 14 replies
    The Virginian ^ | 10/1/2011 | Moneyrunner
    Megan McArdle writes in the Atlantic about the difference between government venture capital and private venture capital. By far the biggest difference is not even mentioned. There is a dramatic and critical difference between government loan guarantees and private venture capital (PVC). The PVC investor expects to make a bundle from his investment, typically by getting an equity stake and cashing out when the successful firm goes public. Thats the best case scenario for PVC. If the company fails, theyre out their seed capital. When the government gets into the venture capital business, risking your money and mine, whats the...
  • Meg Whitman joins venture firm Kleiner Perkins

    03/29/2011 6:55:38 PM PDT · by NormsRevenge · 9 replies
    Mercury news ^ | 3/29/11 | Peter Delevett
    The reinvention of Meg Whitman continues apace. The former eBay (EBAY) chief has been joining corporate boards at the rate of one a month in the wake of last year's unsuccessful run for governor. On Tuesday, powerhouse venture capital firm Kleiner Perkins Caufield and Byers announced Whitman is joining as a part-time strategic advisor. Whitman will coach entrepreneurs and help evaluate new digital investments, according to a statement. "Her experience and strategic advice will be invaluable," said Kleiner Perkins partner Ted Schlein. Whitman, in the statement, called Menlo Park-based Kleiner "fabulous advocates for technology-based start-ups." Whitman in January joined the...
  • Its Not a Bubble, People; Its a Pyramid Scheme

    02/22/2011 8:53:06 PM PST · by 2ndDivisionVet · 8 replies
    PE Hub ^ | February 17, 2011 | Connie Loizos
    Mark Cuban knows a thing or two about bubbles, having profited handsomely from an earlier Internet boom. But ask him if were seeing Bubble 2.0 and hell give you a different theory. Its almost the 2011 version of a private equity chain letter, says Cuban, who sold to Yahoo in 1999 for $5.7 billion and went on to buy the the NBAs Dallas Mavericks. Remember the old chain letter, where you put up some money, then you got other people to put up some money, and you gave it to the people who were in the deal before you?...
  • Proposition 23: Jobs or Wishful Thinking?

    10/28/2010 4:38:06 AM PDT · by Kaslin · 3 replies ^ | October 28, 2010 | Debra J. Saunders
    I love this quote from clean-tech exec Eric Dresselhuys to the San Francisco Chronicle's David R. Baker: "If California isn't leading the charge on implementing these technologies, why be here? Do you want to be here for the high taxes, the high cost of living? Right now, you want to be here because California is where the action is." In a nutshell, that is the argument against Proposition 23 -- which would stall the impending implementation of AB32, California's landmark 2006 global-warming bill, until unemployment dips to 5.5 percent. If voters delay AB32, they will staunch the creation of clean-tech...
  • Venture capital moving to the sidelines? (Capitalists not risking their money this time around)

    10/17/2010 10:30:23 AM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 10/17/2010 | Ed Morrissey
    Reuters’ economists may have reason to move their already-pessimistic projections further downward. Yesterday afternoon, a study conducted jointly by Thompson Reuters and Price Waterhouse Cooper shows that venture capital investment dropped 7% in the third quarter, a harbinger of higher unemployment and economic decline: Venture capitalists poured less money into U.S. startups in the third quarter and split this among more companies, signaling that investors are trying to be more economical with their funds.According to a study set to be released Friday, startup investments declined 7 percent to $4.8 billion in the July-September period, compared with $5.2 billion invested during...
  • California Prop 23: Green Hedge Fund Banker is Definitely a Vested Interest

    10/07/2010 1:57:43 PM PDT · by La Enchiladita · 2 replies
    Breitbart ^ | Oct. 7, 2010 | Anne McElhinney
    We hear a lot about vested interests in America these days. Here in California it is the cry of Global Warming alarmists who are opposed to proposition 23 that is to be voted on in the November election. Prop 23 will suspend a Global Warming solutions act that will push up energy prices and drive even more jobs out of the state during one the biggest recessions in living memory. Understandably there is a lot of opposition to the Global Warming Act and Prop 23 is proving surprisingly popular in a state that practically invented the Green movement. Two...