Lawrence Aragon
About 11 months after they made headlines for investing “like a billion dollars” in Groupon, 14 venture firms, mutual funds and other investors are looking pretty clever. As a group, the investors own 120.2 million Class A shares, which are valued at $3.14 billion at today’s closing price of $26.11 per share. That’s a return […]
The IPO market has been shrouded in darkness since August, but venture capitalists have found a ray of light in mergers and acquisitions. One hundred and thirteen VC-backed companies were acquired in the the third quarter, including 38 that had disclosed valuations worth a combined $6.49 billion, according to Thomson Reuters (publisher of peHUB). That’s […]
Accel Partners has raised a combined $94 million for two sidecar funds to go with its 11th core fund and its second growth fund.
The venture firm, which may be best known as an early backer of Facebook, said in an SEC filing that it raised $59.9 million for Accel Growth Fund II Strategic Partners LP. It reported in June that it had raised $875 million for Accel Growth Fund II LP.
Separately, it raised $33.7 million for ...
Less than a year after raising a $50 million debut fund, New York-based IA Ventures has raised nearly 90% of a second fund with a $110 million target. The firm has closed on $97.75 million for IA Venture Strategies Fund II LP, according to an SEC document filed today. The filing doesn’t name limited partners […]
Andreessen Horowitz, which has made some very large bets on hot Internet companies, is setting out to raise a third fund totaling $900 million, peHUB has confirmed. The news was first reported by investor/blogger Michael Arrington. The new fund would bring AH’s total capital under management to about $2.1 billion, a stunning figure since the […]
The last time peHUB’s traveling Shindig came to San Francisco, the Taco Truck proved so popular that it ran out of tacos. (Outrageous, I know. I was among the unlucky ones who missed out.) Well, we made sure not to disappoint this time around, and we didn’t. Everyone got his or her fill. Just over […]
The competition for startup talent just got more intense. Texas seed fund G51 Capital has partnered with Silicon Valley hyper-networker Larry Chiang to find promising startup founders at Stanford University. “We’re building a farm team of CS [computer science] and engineering majors and helping them to learn to be CEOs,” says Rudy Garza, founder and […]
Decked out in black jeans, a purple shirt, black jacket and orange Puma tennis shoes, Box.net co-founder and CEO Aaron Levie lived up to his billing as a rising star in the tech world at today’s Venture Alpha conference in San Francisco. Interviewed by Alastair Goldfisher, acting editor of Thomson Reuters’ Venture Capital Journal, Levie […]
After bringing you two slideshows that focused on the best-performing funds backed by the University of Texas Management Co., it’s time to “keep it real” by sharing the biggest losers.
(PeHUB subscribers can see our two previous slideshows here: UTIMCO in 17 Active Funds with IRRs > 25%, Union Square, Other Early Stage Tech VCs Kick Ass for UTIMCO.)
We took a look at returns for all of UTIMCO’s active funds and found 10 that were at least a decade old and had negative internal rates of return as of May 31. The university pension fund invested a total of $176.2 million in those vehicles. In return, UTIMCO has received cash distributions of just $55.7 million (or less than one-third of what it put in). And it has no hope ...
Michael Arrington’s controversial CrunchFund got the most press in Q3, but it didn’t break into the top five largest first-time VC funds raised during the period. In what was a weak quarter for overall VC fundraising, CrunchFund was one of 19 newbie that funds raised a combined $300 million, the lowest quarterly amount raised since […]