Startup valuations are falling and venture capitalists are driving harder bargains, according to a survey by California law firm Fenwick & West
Archive for February, 2009
Bad Money Still Drives Out Good
Posted in Board Of Intellectual Capital, Economy, Gerbsman Partners, Investments, Venture Capital, tagged bad money, boic, Committee on Doubt and Uncertainty, Date Certain M&A, Economy, Gerbsman Partners, gresham´s law, investors, secured loans, tim oren, wsj online on February 25, 2009 | Leave a Comment »
Having put ‘bad’ money – printed by fiat or ’secured’ by loans against taxpayers yet unborn – into the banking system in the first round of bailouts, the Feds now presume to rewrite not only future but existing loans. The consequences were on exhibit in Washington last week as financial genius Barney Frank and other politicians “…managed to demand more loans for consumers while simultaneously giving lenders new cause to wonder if they’ll ever be repaid.” They and other congress critters want to make it legal for bankruptcy judges to forcibly abrogate the terms of existing mortgages.
Successful termination of “Prohibitive Executory Real Estate Contract”
Posted in Uncategorized, tagged boic, crisis management, Date Certain M&A, executory real estate contract, prohibitive contracts, Prohibitive Executory Real Estate Contract, Steven Gerbsman on February 24, 2009 | Leave a Comment »
Steven R. Gerbsman, Principal of Gerbsman Partners, announced today that Gerbsman Partners successfully terminated the executory real estate contract for a US based life science company.
Android vs. iPhone: Why Openness May Not Be Best
Posted in Board Of Intellectual Capital, Business models, Intellectual capital, Mobile, Technology, Wireless, Wireless 2.0, mobile 2.0, tagged boic, Gerbsman Partners, google, gigaom, apple, iphone, patric carlsson, Android, Nokia, resolution interactive, appstore, Mark sigal, ovi, Clusterball arcade, aquamoto racing, resolution on February 23, 2009 | 1 Comment »
Conventional Valley thoughts have been that free is good. In terms of Android, this is the case – free is good! But, once you start to compare it to iPhone, som questions come up.
Whom Do Corporate Boards Represent?
Posted in Uncategorized, tagged boic, corporate governance, economix, Gerbsman Partners, Jesse M. Fried, Lucian A. Bebchuk, Michael S. Weisbach, NY times, Pay Without Performance: The Unfulfilled Promise of Executive Compensation, shareholders, Uwe E. Reinhardt on February 20, 2009 | 1 Comment »
The decision makers on the demand side of these models are corporate boards elected, in theory, by shareholders. Economists tacitly assume that in their decisions the boards act as faithful representatives of the shareholders. Thus, they are assumed to bargain on behalf of shareholders with management over the compensation of the C.E.O. and other top executives, and to do so in genuinely arms-length negotiations.
