Wednesday, 20 August 2014
Last updated 1 hour ago
Apr 8 2008 | 2:30pm ET
Pequot Capital Management’s venture capital division wants to be a part of it—and only it: New York, New York.
Lawrence Lenihan, managing general partner of PequotVentures, said his group has closed its Northern California office and now operates exclusively out of its New York office. The native New Yorker praised promising media and finance opportunities in the Big Apple—and the relative lack of competition from other VC funds—compared to Silicon Valley, where Lenihan said Pequot was often forced to compete on price.
He also plugged his hometown as a better VC town than the East Coast’s reigning venture capital capital, Boston.
“If you look at the deal flow and you look at the amount of companies that are being built, I think there’s been a noticeable slowdown in technology innovation in the Route 128 corridor,” Lenihan told the Reuters Hedge Fund and Private Equity Summit.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note