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Wednesday, July 01, 2009

The latest from VentureWire's blog, Venture Capital Dispatch:

The Daily Start-Up - In this morning's Web roundup, LogMeIn becomes the fourth venture-backed company to go public today - all of them in the past six weeks. But first-half data show the exit market is still in the doldrums for venture capitalists. Also, the decision behind Rosetta Stone's April IPO, an assessment of Joost's woes, and 10 tips for capital-hungry entrepreneurs.

Venture M&A Joins IPO Market In Doldrums - Venture capitalists have not only struggled to take companies public this year, they're also having trouble selling them. M&A activity slipped in the second quarter to its lowest level since the first quarter of 1999 with 67 U.S. venture-backed companies acquired. We break down the data.

LogMeIn's IPO Prices At $16/Share As Second Quarter Closes - Only three venture-backed companies went public in the year's first half, which ended yesterday. The bright side? The third quarter opens up today with a bang, as LogMeIn Inc. is set to become the fourth such company to hold an IPO in the past six weeks.

Why VCs Have Higher Hopes For Out-Of-Town Portfolio Companies - It's no surprise that venture capital firms in the traditional centers of Silicon Valley, Boston and New York outperform their counterpart investors in more distant outposts. But a recent study reveals an interesting quirk in that phenomenon – much of that strong performance comes from far-flung companies that are not located in the firms' home bases.

notable deals

• Joe Meyer Jumps To HopStop CEO Job