Comments on: August Capital Raises A New $650 Million Fund

By: New Venture Capital Investment Nearly Comes to a Halt

New Venture Capital Investment Nearly Comes to a Halt — Tue, 14 Apr 2009 07:05:06 +0000

[...] were lifted by comparison firms, Aug Capital as well as Bain Capital Venture Fund. In March, August lifted a $650 million fund, a largest of a quarter. It is a 14-year-old firm’s fifth fund. In February, Bain, a 25-year-old [...]

By: Tech World » Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009

Mon, 13 Apr 2009 17:05:21 +0000

[...] of $3.5 billion. At least the sequential comparisons are up. The largest capital raising was for August Capital’s $650 million fund. Bain Capital raised a $475 million fund, and Charles River Ventures raised a new $320 million [...]

By: Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009

Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009 — Mon, 13 Apr 2009 16:40:25 +0000

By: Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009 | CHARGED's Digital Lifestyle at Work or Play

Mon, 13 Apr 2009 16:18:57 +0000

By: Trade Jim News » Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009

Mon, 13 Apr 2009 15:50:20 +0000

[...] year before (1Q08), but up 23 percent from the fourth quarter. The largest capital raising was for August Capital’s 0 million fund. Bain Capital raised a 5 million fund, and Charles River Ventures raised a new 0 million [...]

By: Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009

Venture Capital Fundraising Is Down Nearly 40 Percent In First Quarter of 2009 — Mon, 13 Apr 2009 15:44:12 +0000

[...] year before (1Q08), but up 23 percent from the fourth quarter. The largest capital raising was for August Capital’s $650 million fund. Bain Capital raised a $475 million fund, and Charles River Ventures raised a new $320 million [...]

By: The Far Edge » Blog Archive » Charles River Ventures Raises $320 Million For Its Fourteenth Fund

Mon, 30 Mar 2009 21:02:48 +0000

[...] this month August Capital was also able to raise a new fund. Keep an eye on the VCs who are able to raise money post-financial collapse. They are the ones with [...]

By: Charles River Ventures Raises $320 Million For Its Fourteenth Fund | Reviews Manual

Mon, 30 Mar 2009 17:43:04 +0000

[...] this period August Capital was also healthy to raise a newborn fund. Keep an receptor on the VCs who are healthy to improve money post-financial collapse. They are the [...]

By: Charles River Ventures Raises $320 Million For Its Fourteenth Fund

Charles River Ventures Raises $320 Million For Its Fourteenth Fund — Mon, 30 Mar 2009 13:06:57 +0000

[...] this month August Capital was also able to raise a new fund. CrunchBase Information Charles River Ventures Information provided by CrunchBase [...]

By: Pulsaciones » Buscar financiación a puerta fría

Pulsaciones » Buscar financiación a puerta fría — Sat, 21 Mar 2009 00:30:56 +0000

[...] fondo de 350 millones de euros para invertir en tecnología, biotecnología y tecnologías limpias; August Capital crea un fondo de 650 millones de dólares para invertir en fases tempranas de startups; la familia [...]

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http://macmaniapodcast.com — Fri, 20 Mar 2009 19:51:41 +0000

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By: Buscar financiación a puerta fría | Loogic.com

Buscar financiación a puerta fría | Loogic.com — Fri, 20 Mar 2009 12:01:52 +0000

By: August Capital recauda un fondo de 650M

August Capital recauda un fondo de 650M — Fri, 20 Mar 2009 09:27:18 +0000

[...] Capital, una firma de capital de riesgo, acaba de cerrar un nuevo fondo de 650 millones de dólares. Esta nueva cantidad hace que el capital total gestionado por la firma ascienda a los 2 mil [...]

By: Daniel Brusilovsky

Daniel Brusilovsky — Fri, 20 Mar 2009 04:13:10 +0000

Congrats to David Hornik and team!

By: Susan Wu

Susan Wu — Fri, 20 Mar 2009 01:34:36 +0000

I second Peter Pham’s comments. I have really enjoyed working with Howard Hartenbaum and David Hornik. David sits on the board of our company, ohai. They have been supportive, judicious in their involvement, and they work their asses off for us. These guys are wise, incisive and savvy people.

If you’re an entrepreneur looking for funding, you would be a fool for not considering them!

my 2 cents.

Susan Wu
CEO
ohai

By: Peter Pham

Fri, 20 Mar 2009 01:06:40 +0000

I’m a huge fan of August, both Howard Hartenbaum and David Hornik are first class…

Congrats.

ps, if you’re an entrepreneur looking for funding you’re a fool for not considering them..

Peter Pham
CEO
BillShrink

By: August Capitalが$650Mの新ベンチャーファンド設立

August Capitalが$650Mの新ベンチャーファンド設立 — Thu, 19 Mar 2009 23:35:27 +0000

[...] [原文へ] [...]

By: StartupLocator.com

StartupLocator.com — Thu, 19 Mar 2009 22:15:48 +0000

most funds have trouble “spotting” and harnessing game changer talent. exciting stuff. will be interesting to see who they invest in.

CapitalDomain.com – landrush locator

By: Alex

Alex — Thu, 19 Mar 2009 21:27:21 +0000

Foolish Limited Partners! Next economic expansion phase will see a majority of exits in the <$50M range. PIPES should be left to Hedge Funds and Private Equity Funds. Spinouts and unit divestments should be left to Private Equity.

The yearly management fee alone will make the VC’s filthy rich at the expense of the teachers, union workers that contribute to their pensions.

Who are the LP’s for this new fund? I’d like to see a list of them.

By: Adolf bin Streisand

Adolf bin Streisand — Thu, 19 Mar 2009 20:18:33 +0000

Yeah! Same logic applies to all those Wall Street and AIG types.

And similarly, all those companies that receive VC money must be worth it because, well, they received. Right?

Tautologies are so helpful. They save us from the need to think logically.

By: Jason M. Lemkin

Jason M. Lemkin — Thu, 19 Mar 2009 20:08:45 +0000

Congrats to David Hornik and the rest of the August team! (and glad the deck parties will continue for years to come now)

By: JamesB

JamesB — Thu, 19 Mar 2009 19:24:04 +0000

Every interaction I’ve had with Howard Hartenbaum has been valuable. I wish more VCs were like him. Good luck Howard!

By: silicon valley dropout

silicon valley dropout — Thu, 19 Mar 2009 19:22:40 +0000

a lot of money to spend

By: Jeff

Jeff — Thu, 19 Mar 2009 19:17:22 +0000

If they couldn’t produce returns that met their investors’ needs then they wouldn’t be able to raise more money. Make sense?

By: peter

peter — Thu, 19 Mar 2009 19:04:47 +0000

I’d like to start a tangential discussion:

Where are the customers’ yachts?

I’d rather see a headline that says, “August Capital Succeeds in returning 15% YoY to its investors”

I think if one is to dig a little deeper into the state of the VC industry in the valley, you’d find a lot of mediocre performance, if not worse.

Essentially, a lot of these guys are making mediocre bets (and I chose the word ‘bets’ specifically for meaning) and getting paid richly to do so regardless of the outcome – e.g. do the math of 2% on $650m = $13m/year. Good money if you can get it, regardless of how your ‘investments’ turn out…

I’m not saying VC is dead, I’m just wondering if perhaps it’s become a little bit of a lazy, me-too industry with a weak business model (for its investors).

I look around at some of the things these guys are investing in and SO much of it seems absolutely ABSURD.

Thoughts?