Tessa Griffin September 13, 2013
Want to filter through private equity and venture capital news? Here are the top five takeaways through September 13th:
For techies that attended the Geekwire Summit in Seattle yesterday, it was a somewhat comical moment when Twitter published a tweet announcing that they had confidentially filed for an IPO. John Cook, Geekwire’s Co-Founder, had just finished grilling Bill Gurley of Benchmark about the timing of the social network’s IPO less than an hour before.
Benchmark, an early investor in Twitter, is poised to potentially win big from the IPO, and could have other successful exits on the horizon.
Twitter isn’t the only interesting IPO
Nine IPOs expected to price next week.— Dan Primack (@danprimack) September 12, 2013
WSJ suggests that early performance for tech IPOS is the best since the dot-com bubble, yet industry professionals (such as The Lean Startup‘s Eric Riles) are making a case for an entirely new way for internet companies to go public.
TC Disrupt in San Francisco featured the good, the bad, and the ugly of tech conferences. Take-home moments included Zuckerberg admitting that he shouldn’t have been so scared to take Facebook public and Kleiner Perkins Caufield & Byers Partner John Doerr hinting at a portfolio company that has the potential to triple battery capacity.
Seattle’s Geekwire Summit hosted some of the brightest minds in tech, and conversations were largely focused on the growth of mobile, Amazon’s Jeff Bezos, and pondering the next Microsoft CEO (fitting, as many speakers were Microsoft alumni). There is likely a tie for highlight of the day: a fantastic discussion featuring ZillowFounder Rich Barton and Benchmark Partner Bill Gurley (above) is up against the CEO of Hointer comparing brick and mortar to doing the dirty.
Shaking up VC demographics
PitchBook analysis shows that women are taking a growing share of venture capital, proving that it is becoming easier to succeed in the “old boys club” of VC. Another new face joined the venture crowd this week: former NBA star Jamal Mashburn.
– Front photo by Eugene Hsu of GameHouse