LOS ANGELES – Harry Bosco, former president of Lucent Technologies’ Optical Networking Group, planned to join Clarity Partners on October 16, the newly named special venture partner said. He will join just as the firm expects to hold a first close on its freshman vehicle, the $1 billion-targeted Clarity Partners LP, which will likely close […]
BALTIMORE, Md. – Sterling Venture Partners LLC expected to hold a final close at the end of September on $155 million for Sterling Venture Partners LP, the firm’s first vehicle, said Eric Becker, a managing partner at the firm. The fund, originally targeted to reach $100 million, held a first close on $60 million on […]
CLEVELAND – Primus Venture Partners Inc. is angling for a final close on its latest vehicle, the $250 million-targeted Primus Capital Fund V, sometime during the fourth-quarter, said Jonathan Dick, managing director. The vehicle was launched May 1 and held an initial close on $200 million in June, he added. The fund held a second […]
SAN DIEGO – Enterprise Partners Venture Capital recently hired Naser Partovi to be its sixth general partner, said Andy Chedrick, chief financial officer at the firm. Partovi previously served as vice president of strategy and business development for Nortel Network’s optical networks unit. Partovi will focus on telecommunications, specifically targeting the optical and wireless spaces, […]
WASHINGTON – Yazam hired Sean Coleman in mid-July as a managing director to head up the firm’s new Washington D.C. office, said Phil Garfinkle, president of the seed-stage, Internet and technology investment and business development company. Previously, Garfinkle, who lives in the city, had been sourcing deals there by himself. Garfinkle said the move to […]
Typically, the last act in a venture capitalist’s job is sitting on the board of a newly minted public company. Given the risks inherent in guiding the disclosure policies of an emerging company with a volatile stock price, while simultaneously realizing upon the VC’s investment in the company, this role often presents the greatest potential […]
Every venture capitalist invests in information technology companies, right? Well, maybe not – but at times it certainly seems that way. New IT-focused venture funds seem to sprout up as quickly as Internet start-ups once did. Meanwhile, VCs, formerly relegated to the background of the financial services world, have marched into the national consciousness in […]
The public markets may tremble, and the e-commerce boom may fall, but it seems that nothing short of an all-out fiscal depression is going to prevent venture capitalists from continuing to plug record amounts of private funding into innovative new companies. If anything changed in the months following the market correction in April, it was […]
NEW YORK – Stuart Ellman’s experience in the business world, coupled with his age, can leave you confused as to how he has accomplished so much in such a short period of time. The 33 year-old venture capitalist is a graduate of Harvard Business School, and a co-founder of a buyout firm and a venture […]
Fremont, Calif. Went public 8/1/2000 at $12 per share Filing Range: 3.75 mil. shares @ $11 to $13 Shares Outstanding: 18.84 mil. shares Underwriters: Lehman Brothers/Roberston Stephens & Co./SG Cowen Securities Corp. /Fidelity Capital Markets Company Counsel: Heller Ehrman White & McAuliffe Manager Counsel: O’Melveny & Myers Auditor: Ernst & Young LLP The Company: Develops […]