Archive for September 18th, 2007
Good money after good money
18 September 2007We closed a follow-on round for Wellington Financial Fund III portfolio company Vision Critical Communications earlier today (our 13th Fund III transaction in as many months). We led $2 million of a $3 million venture debt deal last October, and Angus Reid and his management team have done great things with the capital. [...]
Clarus and Orion research teams on Top Aces growth plans
18 September 2007As a former director of Top Aces it wasn’t unexpected news, but Discovery Air (DA.A:TSX) announced today that the Top Gun team in Montreal had secured an additional two Alpha Jets — taking the current fleet to 12. Although some equity research analysts seem to think these aircraft were acquired for prospective customer reasons, [...]
Classmates.com to go public, then implode
18 September 2007Reading the tea leaves and not liking what they see in the future, the folks at United Online (UNTD:NASDAQ) are preparing to take division Classmates.com public. Now. Naturally, they’ve found some enablers on Wall Street and being the first of this Web 2.0 contingent to try the IPO route, it’ll probably sell. [...]