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| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
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 Send to email | Who Hates Photobucket Investors Insight Venture Partners? in General |  By Silicon
el 27-Aug-2008 |  The WSJ's Peter Lattman spends several hundred words today exploring the behind-the-scenes story at Photobucket and Insight Venture Partners, the primary investor in the photo-sharing site prior to its 2007 sale to News Corp. The gist: Rather than bringing the deal to its limited partners, IVP employees invested in the deal themselves, and banked a huge return. The problem: While Peter suggests that this is murky and problematic and that it "highlights a dicey game", he can't find anyone who's actually upset about it.
That's because Photobucket deal -- $3 million for a 20% stake in a social media company with "nominal" revenue -- wasn't the kind of deal IVP's LPs signed on for. Instead, the $3 billion fund generally makes late-stage investments of about $35 million in companies that that have upwards of $25 million in sales. Peter does find one anonymous IVP investor who seems like he might be willing to complain, but then he yawns and dozes off mid-quote:
"Perhaps they should have told us about this, but it was such a small deal. Would we have wanted a piece of it in hindsight? Sure. But for every one of these successes, there are a hundred failures."
More interesting to us: The identity of the anoymous tipster who pitched the WSJ and just about every other media outlet, including us, the story. Presumably, it's not someone who actually invested with IVP -- otherwise Peter would have quoted them. So who is it? Valleywag's Owen Thomas speculates:
A spurned entrepreneur? A rival venture capitalist who lost a deal to Insight? It's useful to keep in mind that venture capitalists can make a lot of money on side deals - deals they heard about in the course of doing their day jobs. 'Twas ever thus. The person who thinks he ratted out Insight, though? He'd like you to believe that some venture capitalists are so venal and so foolish as to torpedo their entire careers over a tiny deal that happened to turn out well. Insight's opponent, whoever he is, underestimated the firm's intelligence - and some reporters' intelligence, too.
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 | The Learned Man |  Blogger | Covering research, news, and trends in instructional technology and e-Learning. Connecting the Indian e-Learning industry to the rest of the training and development world.
The Learned Man! |
| Hurix Systems gets $5 mn from Helion | | Mumbai-based e-learning and publishing services company Hurix Systems Pvt. Ltd has received second round funding of $5.1 million (Rs20.2 crore) from Bangalore-based venture capital firm Helion Venture Partners. Kanwaljit Singh, managing director, Helion Venture Partners. Singh, along with Natarajan Ranganathan,... [..] Read complete article | | Published 15-Mar-2008 by The Lear in General
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| The Learned Man | Blogger | Covering research, news, and trends in instructional technology and e-Learning. Connecting the Indian e-Learning industry to the rest of the training and development world.
eLearning News & Instructional Design by The Learned Man! |
| Hurix Systems gets $5 mn from Helion | | Mumbai-based e-learning and publishing services company Hurix Systems Pvt. Ltd has received second round funding of $5.1 million (Rs20.2 crore) from Bangalore-based venture capital firm Helion Venture Partners. Kanwaljit Singh, managing director, Helion Venture Partners. Singh, along with Natarajan Ranganathan,... [..] Read complete article | | Published 09-Sep-2008 by eLearnin in General
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| The Learned Man | Blogger | Covering research, news, and trends in instructional technology and e-Learning. Connecting the Indian e-Learning industry to the rest of the training and development world.
The Learned Man! - eLearning Blog |
| Hurix Systems gets $5 mn from Helion | | Mumbai-based e-learning and publishing services company Hurix Systems Pvt. Ltd has received second round funding of $5.1 million (Rs20.2 crore) from Bangalore-based venture capital firm Helion Venture Partners. Kanwaljit Singh, managing director, Helion Venture Partners. Singh, along with Natarajan Ranganathan,... [..] Read complete article | | Published 10-Sep-2008 by The Lear in General
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| Angel, Venture Confidence Is Down | | What happens when IPOs stop and M&As slow down? Maybe, just maybe, investors start worrying about shoveling more cash into startups. A new study (PDF) says that angel became more cautious last year be, while a different survey says confidence among venture investors fell to its lowest level in the past four years during Q4 2007.
[..] Read complete article | | Published 02-Apr-2008 by Silicon in PDF
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| Sprint and Samsung release iPhone killer #367 | 
Sprint and Samsung have partnered to release the Samsung Insight, an all-touchscreen affair that aims directly at Apple’s venerable iPhone. While it’s certainly not going to take down the iPhone, the Insight looks to pack a powerful punch in its own right. The Insight sports a number of high-end features, including GPS with TeleNav support, [...] [..] Read complete article | | Published 01-Apr-2008 by Joshua Karp in HandsetsEV-DOSamsungSprint
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| Visible World Raises $25M Series C | | Visible World, a tech company that allows TV advertisers to target set-top boxes, raised a $25 million C round led by new investors Adams Street Partners and AllianceBernstein. Existing investors Dawntreader Ventures, Grey Ventures, Leucadia National, Marketing Services Risk Surety, Time Warner and Viacom all participated, while Comcast Interactive Capital increased its stake.
The New Y [..] Read complete article | | Published 14-Apr-2008 by Silicon in General
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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