Archive for September, 2008

Here is a quote from Matt Murphy KPCB in regards to their iFund and what focus it has.

Matt Murphy, Partner, Kleiner Perkins Caufield & Byers: We are seeing at the iFund 15 percent enterprise, 85 percent consumer, with even distribution between social networking, games, communication and stuff like that. Right now they’re simple, lightweight, fun, easy to use — given that we’re only three months into this and six months since we launched the SDK, pretty good. Not bad revenue streams either. I’m most excited going forward about the next wave of more sophisticated applications.”

Read more at GigaOm here

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Gerbsman Partners has been retained by the Board of Directors of Identity Engines “IDEngines” or the “Company”; (), to solicit interest for the acquisition of substantially all of IDEngines’s assets, including its intellectual property (“IP”), in whole or in part (collectively, the “IDEngines Assets”)

The Company

Founded in 2004 and based in Sunnyvale, California, Identity Engines has raised approximately $26M in funding from leading Silicon Valley venture firms Horizon Ventures, Lightspeed Venture Partners, and Trinity Ventures.

IDEngines’s assets include patents, products, software, core team members, partially complete software features, prototypes, visionary product roadmap, trademarks, in progress trials, customers, and vendor relationships and market presence.

Interested parties can acquire IDEngines’s core technology, market presence, customer contacts and vendor lists, which would enable the purchaser to leverage existing business and customer relationships for sales growth purposes.

The sale of the IDEngines Assets is being conducted with the cooperation of IDEngines. IDEngines and its employees and retained consultants will be available to assist purchasers with due diligence and a prompt, efficient transition. Notwithstanding this offer of assistance, IDEngines should not be contacted directly without the prior consent of Gerbsman Partners or the IDEngines Board.

For more information, please contact:

Steven R. Gerbsman
(415) 456-0628

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Here is a excellent article from BusinessWeek about Appstore from Apple.

I was once an App Store skeptic. When Apple (AAPL) said it would use the iTunes online store to host a range of applications from third-party developers for its iPhone and iPod Touch mobile devices, I doubted that this newcomer to wireless would get things right in the first go. Surely major cellular carriers would block outsiders’ data-hogging features. And would Apple really let indie coders tinker with its vaunted iPhone?

As I write this, I’m eating crow. After trying out Apple’s App Store for the past few weeks, I can say categorically that Apple has hit another home run. The App Store has truly unshackled the high-end cell phone.”

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M&A: Turnaround and Distressed Debt Opportunities — Speaking Faculty Update — iiBIG’s 2008 Distressed & Turnaround Investment Forum, September 22-23, Las Vegas – Steven R. Gerbsman conference speaker.

For more information, please visit iiBig´s website here

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The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn’t expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.

Read more here

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Just came back from a 2 week trip to Italy on business and pleasure.  The streets of Venice and Rome are empty compared to previous years and shopkeepers are crying the blues.  In restaurants, boutiques and jewelry shops, besides a major downturn in business, the Euro is making everything so expensive.

While sitting on top of the Danieli Hotel in Venice, we enjoyed the magnificent scenery, as well as great pasta for 2 and wine.  The tab, $220.  Well the view was great.

Bottom line, the downturn has arrived in Europe and will be effecting retail, tourism and other business segments.  The CURE- well the unthinkable.  Financial and Business restructuring.  As in various Europe countries, the US must realize that we are an insolvent country.  You cannot have continued or growing entitlements and no tax increase.  You cannot continue the spending/deficit’s without the dollars to pay for it.

The challenge with both candidates for President are their unrealistic assumptions. We must cut taxes, stimulate the economy, restructure entitlements and government entities and curb spending.

Like in all restructurings, there will be some pain, but the long term outlook for our children will be improved.

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Steven R. Gerbsman, Principal of Gerbsman Partners and Kenneth Hardesty, a member of Gerbsman Partners Board of Intellectual Capital, announced today their success in maximizing stakeholder value for a technology company that was a provider and distributor of high-value, rights managed high definition imagery for high definition televisions . Gerbsman Partners facilitated the sale of the business unit and associated Intellectual Property and assets. Due to market conditions, the venture capital-backed company made the strategic decision to maximize the value of the business unit and Intellectual Property.

Gerbsman Partners provided leadership to the company with:

  • Technology experience in developing the strategic action plans for maximizing value of the business unit, Intellectual Property and assets;
  • Proven domain expertise in maximizing the value of the business unit and Intellectual Property through a targeted and Date Certain M&A plan;
  • The ability to “Manage the Process” among potential Acquirers, Lawyers, Creditors Management and Advisors;
  • The proven ability to “Drive” toward successful closure for all parties at interest.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. In the past 60 months, Gerbsman Partners has been involved in maximizing value for 46 Technology and Life Science companies and their Intellectual Property and has restructured/terminated over $750 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception, Gerbsman Partners has been involved in over $2.2 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in North America, Europe and Israel.

For more information, please contact Steven Gerbsman at steve@gerbsmanpartners.com

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