SiliconValley.com, the tech news site of the Mercury News, yesterday posted a column entitled "Experts agree: 2011 was a lousy year for stock IPOs." The article discusses the venture-backed IPO activity during the year and offers some interesting facts, such as that 20 of the 52 IPOs were by companies in California. Worth a read. Here's the link: http://www.siliconvalley.com/ci_19668406
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Prequin, the alternative assets data provider, announced today that global private equity fundraising was weak in the fourth quarter of 2011, with US $52.5 billion raised by 108 funds. According to the press release, 19 buyout funds raised $18.4 billion.
For all of 2011, $262.6 billion was raised by 603 funds worldwide. Buyout funds accounted for $69.2 billion from 92 funds. Venture capital funds raised $32.3 billion worldwide across 133 funds. Link to the Prequin press release: http://www.preqin.com/docs/press/Private_Equity_Fundraising_2011.pdf There's a recent article on Forbes.com entitled "The Seven Habits of Spectacularly Unsuccessful Executives" which discusses the common traits of senior executives at formerly successful companies and why these habits led to the decline of the companies. It's worth a read. Here's the link: http://www.forbes.com/sites/ericjackson/2012/01/02/the-seven-habits-of-spectacularly-unsuccessful-executives/
Fortune has a good article today about the pitfalls of investing in a hot tech company after it goes public. The article, written by Kevin Kelleher, is entitled "OpenTable's Rise and Fall is a Cautionary Tale," and discusses the rise and fall of OpenTable's stock price and the reasons for this. Essentially, the article identifies two primary reasons for the rise and fall of the stock price: the "herd mentality of momentum investors"; and the "company's business is beginning to face some headwinds." It's worth a read. Here's the link: http://tech.fortune.cnn.com/2012/01/03/opentable-rise-and-fall/
The National Venture Capital Association (NVCA) today announced that in 2011 there were 52 venture-backed initial public offerings (IPO) and 429 reported venture-backed mergers and acquisitions (M&A). IPO volume was down 31% from 2010 and M&A transaction volume was down 2% from 2010. Here's a link to the press release: http://www.nvca.org/index.php?option=com_docman&task=doc_download&gid=838&Itemid=93
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