Our firm’s cause-related project in Africa faced what many companies encountered. It's not called the "Dark Continent" without reason. Our team really wanted to do good and help create change in East Africa, but this became a dead deal.
Showing posts with label private equity. Show all posts
Showing posts with label private equity. Show all posts
Sunday, July 18, 2010
Saturday, January 19, 2008
Slide at $550 Million?... Am I Missing Something?
So Kara Swisher broke the news on Slide's $50 million investment from Fidelity and T. Rowe Price for 9%, which values the company at $550 million.
More from Kara, "Slip-Sliding Into a Fortune"
From VentureBeat, "Widget-maker Slide raises $50 million at $550 million valuation"
As Matt Marshall from VentureBeat states, I don't know Slide's revenues, but I never heard it being significant or wildly successful enough to earn such a valuation.
So maybe we are already into bubble territory. Are we really getting crazy stupid? Or is it because these large institutional investors desperately need to put their money to work? I didn't even know that T. Rowe Price had a private equity arm since it's known as a mutual fund. Because of the sub-prime crisis, various private equity deals have been dropped over the past several months, so maybe they are throwing money at earlier stage deals they wouldn't have touched a year ago? And what's $25 million to a multi-billion dollar fund? It would be interesting to learn more about how this deal came down and listen to the negotiations on Slide's valuation.
More from Kara, "Slip-Sliding Into a Fortune"
From VentureBeat, "Widget-maker Slide raises $50 million at $550 million valuation"
As Matt Marshall from VentureBeat states, I don't know Slide's revenues, but I never heard it being significant or wildly successful enough to earn such a valuation.
So maybe we are already into bubble territory. Are we really getting crazy stupid? Or is it because these large institutional investors desperately need to put their money to work? I didn't even know that T. Rowe Price had a private equity arm since it's known as a mutual fund. Because of the sub-prime crisis, various private equity deals have been dropped over the past several months, so maybe they are throwing money at earlier stage deals they wouldn't have touched a year ago? And what's $25 million to a multi-billion dollar fund? It would be interesting to learn more about how this deal came down and listen to the negotiations on Slide's valuation.
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