Venture capitalists prosper despite Google setback; While IPOs have fizzled, mergers and acquisitions are hot.(News)

Investment News, September, 2004

Byline: Brooke Southall SAN FRANCISCO - Google Inc.'s initial public offering three weeks ago humbled two top venture capital firms. They stood by and watched the Mountain View, Calif.-based search engine company go public without cashing out a dime. But Silicon Valley insiders say many other venture capitalists are quietly salting away more bankable lucre than it appears and that this bodes well for the continued stability of this industry.

From the public's perspective, the Google IPO underscored a reality venture capitalists have faced for more than four years now - turning private equity into public shares is almost as hard as turning straw into gold. Kleiner Perkins Caulfield & Byers and Sequoia Capital LLP, both of Menlo Park,...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement