Hmmmmm: In discussing the Dell-EMC merger financing earlier this week, I wrote: " Also important was that Michael Dell was contributing a whole lot of equity, thus better enabling the crossover rating and making this sort of structure unlikely to be repeated for a more traditional leveraged buyout.". Part of the subtext here was that today's private equity firms are loathe to club up, both because of resulting management confusion (remember SunGard?) and because LPs don't like the layered exposure and varied fees when several of their GPs do the same deal (again, remember SunGard?). Sure there is some extra equity cheese from LP co-investors, but the continued hibernation of club deals is a big reason why the stock market boom hasn't been matched by a series of mega-LBOs. #Yorkbased smartasset series ttv capital 1b series# So it's perhaps notable that today's private equity deals section includes a possible $2.5 billion transaction that includes a four-firm private equity consortium (hoping to buy CenturyLink's data centers business). New firm alert: The Yard Ventures has launched as a venture capital firm focused on startups founded by Harvard University alumni (albeit without any formal relationship to the school).It doesn't necessarily mean anything beyond several firms believing that this is an unusual, one-off opportunity. It also seeks to be funded by Harvard alums ($25k-$100k per investor), taking upwards of 99 each year (per its website). TYV is led by co-founder Michael Madden, who previously was a managing director with Square 1 Bank. He is joined by fellow co-founder Michael Collins (CEO of Launch Angels, ex-TA Associates), vice president Erin Kutner McCafferty (former senior investment officer with the Massachusetts pension system) and New York-based "regional partner" Jason Klein (On Grid Ventures). Answer Key: Yesterday I asked you to name the CEO of a VC-backed e-commerce company (valued in the hundreds of millions of dollars) who was just booted as CEO? The correct answer is Deepak Agarwal, founder and CEO of (f.k.a.Advisors include Weston Presidio co-founder Michael Cronin. And if you need proof, almost everyone I called associated with the company directed me to the company's general counsel. Seems that many vendors haven't been paid for months - including the company's outsourced customer service team, which is probably why no one picks up the phone on its customer service line - and the Internet is littered with user complaints about missing orders. Armed Kidnaping Other1 TTV offenses Murder Rape robbery Armed Kidnaping. That lawyer, Cliff Schneider, confirmed that Agarwal - who has a fairly shady history - is no longer CEO, but he would not say if Agarwal remained on the board of directors. 263 207 THE ON 1 1 31 31 51 5 1 1453TISNI 2 199 149 10 10 See footnotes at end. I'm currently on the previous generation Dell XPS 13 (9310), and I'm still satisfied, I'm not actually looking for a new laptop. You can't even choose the top CPU option with Ubuntu, you're stuck with the i5. Yorkbased smartasset 110m ttv capital 1b. #Yorkbased smartasset series ttv capital 1b series# Add in a few electron apps, and I'm at 27GB used right now.
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