Posted from Corporate Tool 3 days ago
Fully Deluded : Private Equity
I do a wide variety of things here at Avvo, from talking to angry attorneys to fetching drinks for our Friday beer gardens. Over the last week, I've been back in deal mode, wrapping our Series C financing - a $10MM round lead by DAG Ventures, joined by our existing investors Benchmark Capital and I... (original story)
Posted from Corporate Tool 16 days ago
Fully Deluded : Private Equity
I starting riding to work about 18 months ago, right after moving from Redmond to Seattle. A fair weather rider at first, I quickly grew to love the feeling of riding to work. From the exhilarating wakeup of flying downhill in the morning to the mind-cleansing burn of pedaling uphill on the way ho... (original story)
Posted from Corporate Tool 16 days ago
Fully Deluded : Private Equity
One pig-meat conglomerate buying another isn't typically my stock in trade, but I was intrigued by the recent news of the DOJ levying a $900K fine against Smithfield Farms for gun-jumping in its acquisition of Premium Standard Farms. Root of the problem? During the pre-close HSR waiting period, Pr... (original story)
Posted from Corporate Tool 61 days ago
Fully Deluded : Private Equity
Good post over at Venture Hacks from Scott Walker - 5 tips on getting deals closed. Here they are, with my thoughts on each:1. Create a competitive environment. Absolutely. As I wrote about in documenting the sale of AT&T Wireless, a competitive environment drives price and terms in the seller's ... (original story)
Posted from Corporate Tool 61 days ago
Fully Deluded : Private Equity
Ron Friedmann has a great post on the recurring problem of lawyers applying "perfection thinking" to all legal problems. (original story)
Posted from Corporate Tool 61 days ago
Fully Deluded : Private Equity
The science behind the global warming hypothesis has always struck me as being a lot like the process of evaluating an M&A transaction. Both involve complex modeling in an attempt to predict future events, with the results used to support or refute an investment thesis.One thing dealmakers know (or... (original story)
Posted from Corporate Tool 61 days ago
Fully Deluded : Private Equity
Yes, I've known a few . . . enjoyed this brief post from What About Clients, reminding all attorneys out there to quit wringing their hands and give their clients some freaking actionable advice for a change. Also links to WAC's classic "7 Habits of Highly Useless Corporate Lawyers" post. (original story)
Posted from Corporate Tool 103 days ago
Fully Deluded : Private Equity
I could never work be general counsel of a bank - or at least, that's what I've got to conclude after reading this piece in Corporate Counsel about the global risk regulatory paradigm set up in the Basel II Accord. Under Basel II, financial institutions must do sweeping and detailed analysis of "op... (original story)
Posted from Carried Interest 189 days ago
Fully Deluded : Private Equity
Photo credit: Wili Hybrid A reader asks: what fee does a placement agent charge? A placement agent is paid to help private equity firms raise an investment fund as quickly and painlessly as possible. Some well known players include Helix,... (original story)
Posted from Corporate Tool 192 days ago
Fully Deluded : Private Equity
So Pfizer, which made a high profile GC hiring just a little over a year ago, has been slapped again for illegal marketing practices, agreeing to a $2.3 billion federal fine. That's brutal enough, but what interests me is one of the non-economic conditions the feds imposed on Pfizer (yes, it was a ... (original story)