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Venture Capital's New Adventure - WSJ.com
December 21, 2006 | WSJ | By PUI-WING TAM.

Usual Role of Nurturing Start-Ups Takes On a Private-Equity Twist; Mr. Lanza Becomes a Deal Maker...."I suddenly became aware that we were triggering a rollup in the sector and my phone was ringing off the hook," says Mr. Lanza, 50 years old. "It was very surreal. I'm used to wandering the halls of Stanford to fund companies founded by two guys and a dog."

Like Mr. Lanza, other venture capitalists have broadened their roles beyond investing in and nurturing start-up businesses. They more often find themselves handling spinouts -- or buying units of publicly traded companies -- as well as so-called rollups and buyouts, and generally engaging in more-complex financial transactions.

In other words, they have stepped into the realm of private equity, now one of the finance world's hottest arenas. The change could make investing in venture-capital funds more risky.
venture_capital  vc  private_equity  Intel  deal-making  spin-offs  spinups  roll_ups  buyouts  Pui-Wing_Tam  carve_outs 
april 2012 by jerryking
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