Today's WSJ reports online: "Venture-capital investors see Washington's economic stimulus programs as a potential financial boost for the hard-hit technology firms and other start-ups they own. Of particular interest is more than $60 billion earmarked for four sectors widely invested in by venture-capital firms: environmentally clean technology, rural Internet broadband, cyber security and health-care information technology." Some firms won't survive without Stim funding, a source says. Firms cited include portfolio companies DigitalBridge Communications, Solyndra and Miox Corp.; and, three VCs -- Novak Biddle; Flywheel Ventures; and, Rockport Capital Partners. The article notes VCs raised $2.4 billion in the first quarter, down 64% from $6.6 billion a year earlier. [Add: It's probably no coincidence that the day the WSJ publishes this piece, we got our first promotional mailing from the FreeMind Group, which says it helps companies gain 'nondilutive' government funding.]
Showing posts with label The Wall Street Journal. Show all posts
Showing posts with label The Wall Street Journal. Show all posts
Monday, July 06, 2009
WSJ: VCs seek Stimulus funding
Today's WSJ reports online: "Venture-capital investors see Washington's economic stimulus programs as a potential financial boost for the hard-hit technology firms and other start-ups they own. Of particular interest is more than $60 billion earmarked for four sectors widely invested in by venture-capital firms: environmentally clean technology, rural Internet broadband, cyber security and health-care information technology." Some firms won't survive without Stim funding, a source says. Firms cited include portfolio companies DigitalBridge Communications, Solyndra and Miox Corp.; and, three VCs -- Novak Biddle; Flywheel Ventures; and, Rockport Capital Partners. The article notes VCs raised $2.4 billion in the first quarter, down 64% from $6.6 billion a year earlier. [Add: It's probably no coincidence that the day the WSJ publishes this piece, we got our first promotional mailing from the FreeMind Group, which says it helps companies gain 'nondilutive' government funding.]
Tuesday, November 04, 2008
WSJ: Some LPs extricating from Private Equity roles
The Wall Street Journal reports today that Harvard University is just one of numerous institutional limited partners attempting to liquidate private-equity positions, hampering managers of private-equity funds. Despite strong returns from the institutions' roles with PE players, the economy's distortion of asset-class allocations, the availability of other investments at discounts, the illiquidity of PE and venture funds' pressure for scheduled capital calls are among reasons cited for retrenchments.
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