Comments on: Roundup: Sprint’s WiMax bet, Twitku, VMware’s $750M mistake, Bolt-dead and more http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/ News About Tech, Money and Innovation Wed, 25 Nov 2009 08:36:57 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Biggest Venture Capital Busts — Scott Fish http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-652402 Biggest Venture Capital Busts — Scott Fish Tue, 27 Nov 2007 17:12:37 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-652402 [...] Bolt Media Inc.: >$60 million in venture backing, shut down. [...] [...] Bolt Media Inc.: >$60 million in venture backing, shut down. [...]

]]> By: iphone-guide.net » The 20 Worst Venture Capital Investments of All Time http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-643568 iphone-guide.net » The 20 Worst Venture Capital Investments of All Time Tue, 20 Nov 2007 22:10:15 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-643568 [...] Bolt Media Inc.: Bolt Media survived the dot-com era but finally met its end. This video site, launched in 1999, had more than $60 million in venture backing, and even went through a number of trials like a management buyout in 2004. In the end, Bolt’s lawsuits kept it from being bought out by GoFish Corp., and the company has since shut down. [...] [...] Bolt Media Inc.: Bolt Media survived the dot-com era but finally met its end. This video site, launched in 1999, had more than $60 million in venture backing, and even went through a number of trials like a management buyout in 2004. In the end, Bolt’s lawsuits kept it from being bought out by GoFish Corp., and the company has since shut down. [...]

]]> By: iPhone Software » Blog Archive » The 20 Worst Venture Capital Investments of All Time http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-643470 iPhone Software » Blog Archive » The 20 Worst Venture Capital Investments of All Time Tue, 20 Nov 2007 21:45:38 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-643470 [...] Bolt Media Inc.: Bolt Media survived the dot-com era but finally met its end. This video site, launched in 1999, had more than $60 million in venture backing, and even went through a number of trials like a management buyout in 2004. In the end, Bolt’s lawsuits kept it from being bought out by GoFish Corp., and the company has since shut down. [...] [...] Bolt Media Inc.: Bolt Media survived the dot-com era but finally met its end. This video site, launched in 1999, had more than $60 million in venture backing, and even went through a number of trials like a management buyout in 2004. In the end, Bolt’s lawsuits kept it from being bought out by GoFish Corp., and the company has since shut down. [...]

]]> By: The 20 Worst Venture Capital Investments of All Time | The Best Article Every day http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-643120 The 20 Worst Venture Capital Investments of All Time | The Best Article Every day Tue, 20 Nov 2007 19:36:49 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-643120 [...] Bolt Media Inc.: Bolt Media survived the dot-com era but finally met its end. This video site, launched in 1999, had more than $60 million in venture backing, and even went through a number of trials like a management buyout in 2004. In the end, Bolt’s lawsuits kept it from being bought out by GoFish Corp., and the company has since shut down. [...] [...] Bolt Media Inc.: Bolt Media survived the dot-com era but finally met its end. This video site, launched in 1999, had more than $60 million in venture backing, and even went through a number of trials like a management buyout in 2004. In the end, Bolt’s lawsuits kept it from being bought out by GoFish Corp., and the company has since shut down. [...]

]]> By: VentureBeat » 20 worst VC investments of all time http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-642280 VentureBeat » 20 worst VC investments of all time Tue, 20 Nov 2007 04:34:31 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-642280 [...] Bolt Media Inc.: >$60 million in venture backing, shut down. [...] [...] Bolt Media Inc.: >$60 million in venture backing, shut down. [...]

]]> By: You're wrong http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-473496 You're wrong Sat, 18 Aug 2007 22:26:31 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-473496 Fan of the Auction, sure, the dutch auction process is sweet, but not every company has the clout that Google had to hold such an auction and still attract enough subscribers to fill out an entire IPO. Part of the underwriters' job is to go out and line up the institutional investors, which is impossible to do alone if you're not a Google. One could argue that VMWare had the brand, but I would argue that it wasn't enough to fill out an IPO without underwriters' help. Fan of the Auction, sure, the dutch auction process is sweet, but not every company has the clout that Google had to hold such an auction and still attract enough subscribers to fill out an entire IPO. Part of the underwriters’ job is to go out and line up the institutional investors, which is impossible to do alone if you’re not a Google. One could argue that VMWare had the brand, but I would argue that it wasn’t enough to fill out an IPO without underwriters’ help.

]]> By: You're wrong http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-473468 You're wrong Sat, 18 Aug 2007 22:23:01 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-473468 RC, the underwriters don't keep that money with the greenshoe option. They sell the extra allocation of shares to the oversubscribed institutional investors at $29, not $55+. RC, the underwriters don’t keep that money with the greenshoe option. They sell the extra allocation of shares to the oversubscribed institutional investors at $29, not $55+.

]]> By: RC http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-454106 RC Fri, 17 Aug 2007 04:03:29 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-454106 Matt, You forgot to mention that VMWare gave an extra 4.95 million shares to the underwriters listed as: Citi, JPMorgan and Lehman Brothers acted as lead underwriters for the offering. Credit Suisse, Merrill Lynch & Co. and Deutsche Bank Securities were also listed as underwriters. What a scam this was. The underwriters underprice the IPO and then get to buy these shares at $29 each then sell them for $55+? That's about $125,000,000. Pretty sweet deal. I wonder why the EMC shareholders don't sue the board and underwriters for this? Matt,

You forgot to mention that VMWare gave an extra 4.95 million shares to the underwriters listed as:
Citi, JPMorgan and Lehman Brothers acted as lead underwriters for the offering. Credit Suisse, Merrill Lynch & Co. and Deutsche Bank Securities were also listed as underwriters.

What a scam this was. The underwriters underprice the IPO and then get to buy these shares at $29 each then sell them for $55+? That’s about $125,000,000. Pretty sweet deal. I wonder why the EMC shareholders don’t sue the board and underwriters for this?

]]> By: Abhishek http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-453378 Abhishek Fri, 17 Aug 2007 02:12:20 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-453378 Its great to see Sprint going whole hog on WiMax. With their deal with Google I am expecting to see really valuable services come up in the future. Here are some of my thoughts: http://abhishek.tiwari.com/2007/08/16/sprints-xohm-why-should-you-care/ Its great to see Sprint going whole hog on WiMax. With their deal with Google I am expecting to see really valuable services come up in the future.

Here are some of my thoughts:
http://abhishek.tiwari.com/2007/08/16/sprints-xohm-why-should-you-care/

]]> By: Fan of Auction-IPO http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/comment-page-1/#comment-450326 Fan of Auction-IPO Thu, 16 Aug 2007 20:32:51 +0000 http://venturebeat.com/2007/08/16/roundup-sprints-wimax-bet-twitku-vmwares-750m-mistake-bolt-dead-and-more/#comment-450326 Interesting point about had VMWare gone the route of Google, which so boldly and successfully bucked the traditional status quo of the investment bankers, with an auction-IPO. I agree. The time is overdue to put the leaching of the investment bankers to pasture and let the real market forces set the value of a given stock. Of course, i-bankers absolutely hate the auction-IPO because it is far more effective and keeps their ability to channel huge chunks of money into their own pockets for the so little work they do. Interesting point about had VMWare gone the route of Google, which so boldly and successfully bucked the traditional status quo of the investment bankers, with an auction-IPO. I agree. The time is overdue to put the leaching of the investment bankers to pasture and let the real market forces set the value of a given stock. Of course, i-bankers absolutely hate the auction-IPO because it is far more effective and keeps their ability to channel huge chunks of money into their own pockets for the so little work they do.

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