Posted in Board Of Intellectual Capital, Gerbsman Partners, Investments, tagged boic, Gerbsman Partners, global economic downturn, lending crisis, Robert Tillman, stagnation in economy, venture financing on July 15, 2008| Leave a Comment »
Shares of Fannie Mae and Freddie Mac, the largest providers of funding for U.S. home mortgages, closed at their lowest levels since 1992 on concern the companies need to raise more capital amid larger-than-expected losses. Corporate “federal agency” debt obligations and mortgage-backed securities guaranteed by the companies also plummeted relative to government debt as investors thinned positions, analysts said
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Posted in Gerbsman Partners, Intellectual capital, Market research, tagged Board Of Intellectual Capital, boic, crisis management, Erick Schonfeld, Gerbsman Partners, ipo, m&a, National Venture Capital Association, patric carlsson, techcrunch, Venture Capital, Venture crisis, venture financing on July 10, 2008| Leave a Comment »
Erick Schonfeld at Techcrunch recently posted a good article on the state of venture financing.
There were no venture-backed IPOs in the second quarter, and M&A deals are down. The last time there were no VC-backed IPOs in a quarter was in 1978. The liquidity drought for venture-backed startups is so bleak that the National Venture Capital Association is calling it a “crisis.” Last quarter there were only 5 IPOs that brought in a piddling $283 million. That compares to 43 IPOs during the first half of 2007 that brought in $6.3 billion.
Click here to read the full article on Techcrunch.
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