BLOG STARTUPS, VENTURE AND THE TECH BUSINESS

Posts Tagged ‘Venture Capital’

May 9 2009
by Todd Hixon

Managing through the downturn: TLH notes from the Nantucket conference

First panel:  Managing through the downturnAron Ain, CEO, KronosJana Eggers, CEO, SpreadShirt (customized apparel), $10s m run rate, just raised growth capital (offers were shocking)Christia Lampe-Onnerud, Boston-Power, advanced lap-top batteries, H-P is lead customer, growing fastChris Zannetos, CEO, Courion, Info SW co, security business, manage provisioning of systems for employees (eg, 800 new interns at […]

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May 9 2009
by Todd Hixon

LP Panel: TLH notes from NVCA annual meeting

Title:  “The Delicate LP/GP Relationship”Moderator:  Becky Buckman, ForbesContext:   LP liqudity squeeze, mediocre VC performance [besides that, how was the play, Ms. Lincoln?]Panel:  Nick Harris, Lexington Partners (secondaries), typically buying 5-yr old funds, believe in VCRebecca Connelley, FairView:  known for great names, very conservative, raise $300m/3 year cycle, keep it right-size, 30% is emerging manager mandates (Fund I-III), […]

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May 9 2009
by Todd Hixon

Liquidity Panel: TLH notes from NVCA annual meeting

Controversial suggestion:  extend lock-ups.  Data suggests that VC selling is a major drag on price during first two years (small cap IPO performance historically is pretty flat in first year, much better in second year).  Newhall from NEA:  average hold post IPO used to be 3 years, before the bubble.Few buyers for newly minted IPO […]

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May 9 2009
by Todd Hixon

IT Panel: TLH notes from the NVCA Annual Meeting

Moderator = Chip Hazard (a VC)Panel:CIO of TransUnionPartner at Bain who does IT consultingDavid Skok, Matrix GPCIOs cutting 10-20% based on expected revenue shortfalls of 10%-40% have lost discretionary spending ability Focus is on short term savings and efficiency, not on the future 50% discount rate, need payback within a budget year variablize costs — […]

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