April 05, 2016
If you've missed any of our top blog content over the past month, fear not!
We’ve compiled our 10 most read and shared posts from March into one neat and clean summary, featuring a datagraphic on female-founded companies, current and former athletes who have ventured to PE & VC, a list of our favorite PE/M&A podcasts and much more.
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In light of Women's History Month and International Women's Day, we put together a visual representation of our VC data on female-founded companies. Sample data points include proportion of VC deal count for female-founded companies, sector comparisons and most active investors: click here to view the full datagraphic.
We're big fans of podcasts; they're a fun way to make the miles melt away on your commute and a great resource for learning through interesting interviews and discussions. Since we couldn't find a great resource on existing PE/M&A podcasts, we put one together ourselves and highlighted a few of our favorite episodes. Check out our top picks.
Amidst plateauing global equity markets, hedge funds poured into the VC asset class in recent years. According to PitchBook data, overall investment activity peaked in 3Q 2015 when hedge funds went in on 43 venture deals. The tide has turned in 2016, however, as hedge funds are on pace to complete the fewest quarterly VC deals in several years. Read our analysis here.
Israel is a country of just 8.5 million people, roughly the same population as New Jersey. But the sliver of a nation on the eastern shore of the Mediterranean Sea punches well above its weight in the world of venture capital, earning the nation's tech hub the nickname “Silicon Wadi” ("Wadi" means “valley” in Arabic and Hebrew). So how has Israel done it? We explored the subject in-depth.
What’s a professional athlete to do when he or she retires before the age of 40 with the competitive juices still flowing, endless free time and, often, a very healthy balance sheet? For some, the answer is to pursue a second career in private equity. We found some of the biggest names from the world of sports who have crossed into PE, including a two-time NFL MVP (Steve Young, pictured above on the right), a member of the 1992 Dream Team and one of the greatest goalies in NHL history: click here.
We also explored athletes who have ventured into the VC world, where the fiery competition and high-stress environments have perhaps helped lure a number of current and former pros. While many athletes have made a few investments here or there, we decided to focus on those who've taken more active roles, starting with perhaps the greatest quarterback in NFL history. Take a look at our list.
In the spirit of the NCAA basketball tournament, we've created a bracket of our own, where the winning universities advance based on the number of VC-backed entrepreneurs the school's undergrad programs have produced. The data comes from our 2015-2016 PitchBook Universities Report, and the final results—along with the underlying data—will be revealed April 1. Check out the bracket here.
Earlier in March, Goldman Sachs announced the retirement of one of the firm’s longest-tenured employees, partner Eric Dobkin. Hired in 1967, Dobkin founded Goldman's Equity Capital Markets division, forever changing the IPO by pitching offerings to institutional rather than retail investors. He first made a name for himself by convincing British prime minister Margaret Thatcher to let Goldman underwrite her privatization reforms in 1988. As a tribute to Dobkin, we highlighted five notable PE-backed IPOs underwritten by Goldman Sachs.
The past year has revealed a somewhat complicated relationship between U.S. public pension funds and their private equity managers, particularly around the subject of fees. Issues aside, commitment numbers (i.e. $133 billion and counting since the start of 2014) seem to indicate that U.S. public pensions have maintained confidence in private equity and venture capital. Click here for our analysis on pension fund commitments.
Just months removed from "the year of the unicorn," recent market volatility has stirred up memories of 2008-2009. Deal activity has declined for five straight quarters. Valuations have come down to earth. It seems the next few months will truly show if investors have backed off their willingness to invest large amounts into unproven companies, but even if that happens, early-stage startups still have hope. Several young companies that raised capital during one of the lowest points in the U.S. economy’s history have grown into major businesses. We highlight six of them here.