Firms & Funds

Kevin Appelbaum came to a realization in mid-1997: he was purchasing all of his airline tickets online and found himself reading more books because of “If I could avoid going to the store by going online and finding what I needed, I was doing it,” says the entrepreneur, who at the time worked with […]
CHICAGO – Asset manager Forstmann-Leff International, Inc. was in search of a new client when it knocked on the door of Hughes Electronics’ pension management group. Instead, the firm ended up with a new director. Celia Chapman was slated to join Forstmann-Leff in December after 17 years at Southern California’s Hughes Investment Management Co. Ms. […]
NEW YORK – Nine months after venture capitalist John Barry of Prospect Street Ventures bought out his partners and revamped the firm’s focus, Prospect is considering adding new investors to its flagship vehicle, the $75 million New York City Discovery Fund. Mr. Barry, who kept news of the buyout quiet until now, had been a […]
SAN FRANCISCO – Venture Capitalist William Tai and his former employer, the Walden Group of Venture Capital Funds, were slated to enter settlement negotiations in mid-December concerning a lawsuit Walden filed last fall against Mr. Tai, said the defendant’s attorney Robert Bunzel. As a result, Mr. Tai postponed submitting a response to the lawsuit that […]
NEW YORK – Responding to the growing appetite of private equity buyers for later-stage private and public companies, Bear, Stearns & Co. hired Peter Buckley and David Goddard as senior managing directors and co-heads of the newly formed private equity group. “This is a model that a number of larger firms have seen is essential […]
NEW YORK – In a mild surprise to some observers, venture capital firms put equity to work at a record pace in the third quarter of 1998, according to the PricewaterhouseCoopers MoneyTree Survey released in November. The $3.77 billion investment total surpassed the previous record of $3.73 billion set in the second quarter. “The pure […]
REDWOOD CITY, Calif. -Venture capitalist Tim Draper has launched a Web site to rally and gauge support for a proposal for California’s March 2000 ballot to reform the state’s public school system and allow school choice. California’s high-tech community – and the VCs who back it – often complain that the states’ public schools do […]

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