SEATTLE/LOS ANGELES (Reuters) - In the sparse Seattle offices of Privateer Holdings, Brendan Kennedy grabs an iPad to show how his bet on legal marijuana is already paying dividends in the form of a Google results page for "blue cheese."
QVentures, a members-only investment club, will allow wealthy private investors, entrepreneurs and venture capital firms to team up to invest in promising start-ups.
The combined investing power of seasoned investors such as legendary music producer Harvey Goldsmith, Moonpig founder Nick Jenkins and Quintessentially co-founder Aaron Simpson will allow small companies to raise far more than they would through traditional angel networks.
The annual Réseau Capital Convention takes place in Montreal on Thursday. This year’s convention, the 22nd, brings together a mix of investment industry participants including venture capitalists and private equity firms pension funds, angel investors and entrepreneurs, will be a little different from the previous.
There’s no shortage of news from Difference Capital, a money manager focused on investing in mid-to-late stage private companies, set up by the legendary Mike Wekerle two and a half years back.
Of late, a number of directors and managers have left, there’s been a very public spat with a cash rich shell BENEV Capital, disappointing news about some of its key investments, a falling share price and this week, a $0.33 a share quarterly loss.
It’s a time-honoured process: recognize that there is a problem and then do something about it. That’s what the gang at the TSX Venture Exchange is doing through their decision to hold two industry dialogues, the first in Vancouver and the second in Calgary later this month.
BOSTON (Reuters) - Hedge fund manager William Ackman's strong returns have made him into one of Wall Street's biggest managers, but even he may struggle to raise $1 billion in the next week for a single stock fund whose target he won't identify, say investors.
When I went to my inbox at the start of my day, one of the noteworthy e-mails in my inbox had the subject line: “NYT Column about You.” Its content:
Though your fight is never mentioned, this column is clearly motivated by your dispute with CalPERS. This is an “Empire Strikes Back” piece:
Venture Capital’s Need for Secrecy Collides With Public’s Right to Know
As entrepreneurs all over the country and the world make the leap into startup life, investors are keeping step to finance them—hoping to own a piece of a company that could yield buckets of cash. Venture capital firms have been circling innovation capitals like Silicon Valley and New York City for years but have recently been forced to take notice of other regions where young companies are putting down roots. Most venture money winds up on the coasts, that’s still true, and most of that goes to California.
Lord Wolfson and Sir Charles Dunstone are to back the fund, Pembroke, which is being led by private equity and investment veteran Peter Dubens.
The fund will be managed by Mr Dubens’ Oakley Group, whose Oakley Capital has already backed a number of small successful businesses including chef Tom Aikens’ restaurants, reports The Telegraph.