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| When the economy takes a turn
for the worse, bills take longer to get paid, and though established companies have been here
before, start-ups that rode the wave in recent years are in for a painful lesson. Many may be
dealing with a pattern of past due receivables for the first time in their history. |
| (Source: Reuters, 2008-06-16) |
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| Private equity was back in the
acquisition game, with names like Blackstone, Carlyle, and Bain reappearing among the buyers. But
deal sizes were far smaller than in the glory days last year. |
| (Source: CFO.com, 2008-06-23) |
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| While the overall value of
mergers and acquisitions in the tech sector will likely decline this year, recent strategic -- and
sometimes smaller -- deals are still important for the sector. Problems in the financial markets are
not deterring tech companies themselves from acquisitions. |
| (Source: PC World, 2008-06-19) |
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| For years, women have been
twice as likely as men to start their own businesses. And even though the current economic downturn
has made credit even harder to come by for small-business owners, particularly women, since 2002
there has been an 8.9 percent increase in the number of businesses owned by women, a 2.3 percent
increase in employees of companies owned by women, and a 16.6 percent increase in receipts at such
companies, according to the women's business research center. |
| (Source: The New York Times (free reg. req'd),
2008-06-22) |
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| The life sciences sector --
biotechnology and medical device industries -- set an all-time record for VC investing in 2007 with
$9.1 billion going into 862 deals nationally, compared to $7.6 billion going into 786 deals in 2006,
according to the MoneyTree Report, a quarterly study of venture capital investment activity in the
United States. Last year "was by far the biggest year in health-care venture history," said Bruce
Robertson, managing director at H.I.G. Ventures in Atlanta. |
| (Source: MSNBC, 2008-06-18) |
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| Leon Black, founder of Apollo
Management LP, was sued for more than $3 billion by Huntsman Corp., escalating the fight over his
attempt to abandon a takeover of the chemicals maker. Black and Apollo co-founder Joshua Harris
engaged in fraud and tortious interference, Huntsman said in a complaint filed in Texas state court
in Montgomery County, north of Houston, where its management is based. |
| (Source: Bloomberg, 2008-06-23) |
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| Even a privately owned company
can appeal for funds to so-called angel investors or venture capitalists. Get legal advice on how to
do so. |
| (Source: BusinessWeek, 2008-06-23) |
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| Silicon Valley's business
culture is so hectic that "elevator pitch" competitions are staged as a form of speed dating for
entrepreneurs and the venture capitalists they want to woo. Now comes a new matchmaking service for
start-ups and financiers -- compliments of a provocative Web site, TheFunded, that is better known
for publishing anonymous slams of VCs by name. |
| (Source: SiliconValley.com (free reg. req'd),
2008-06-17) |
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| You can't avoid the bubble
question when it comes to clean-tech investing. A panel of private equity and venture capital
investment pros addressed the bubble question, and in general, the response was that there is not an
over-investment. In fact, investors are just getting started. |
| (Source: CNET News.com, 2008-06-23) |
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| Four venture capital firms are
betting that the Internet start-up LinkedIn is worth $1 billion, highlighting the lofty hopes riding
on online services that connect people with their friends, family and business associates. It's one
of the richest appraisals for a Silicon Valley start-up since Microsoft paid $240 million for 1.6
percent of Facebook late last year. |
| (Source: The Washington Post (free reg. req'd),
2008-06-18) |
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Under the U.S. Code, patentees and
persons making, offering for sale or selling patented products may "mark" their products with the
word "patent" or the abbreviation "pat." together with the patent number to place the public on
notice that the product is patented. This is typically done because if an alleged infringer is not
put on notice that the product was covered under a patent (by marking the product or otherwise),
damages accruing prior to notification of infringement, either by service of a cease and desist
letter or filing a lawsuit, cannot be recovered in an action for patent infringement.
Read the article on patents and
trademarks.
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Ice Miller has been active in the
private equity industry for over 25 years, representing both management teams building great
companies and the private equity firms and individuals that invest in them. We have extensive
experience with all types of funds (formations and operations); mezzanine and senior secured
financings; leveraged buyouts, roll-ups, build-ups, and consolidations; divestitures and exits; and
complex litigation on behalf of investors and privately financed companies.
Read the complete profile of the Private Equity and Venture
Services Practice Group.
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