The News Review:
- Reid Hoffman: My Rule of Three for Investing
- TM WALSH ral care investment draws smiles
- 1Q Venture Funding Data Wasn’t Allll Bad
- Feds seek receiver for alleged investment Ponzi scheme
Reid Hoffman: My Rule of Three for Investing
Washington Post
This is a great time to stimulate investment and recognize and encourage tech entrepreneurs ?starting up is cheaper talent is more fluid and people are more inclined to take calculated risks. If we can find more ways to spur investment it will be good for the entrepreneur now and good for society later. As a serial investor I?ve enjoyed backing some good Web 2. 0 companies and it?s helped me develop a shortlist of criteria to cut the wheat from the chaff. After five minutes of a pitch I know if I?m not going to invest and after 30 minutes to an hour I generally know if I will.
Related from Princeharrymemorial: Reid: Roberts Misled Congress
TM WALSH ral care investment draws smiles
Detroit Free Press
And as an odd little tangent to that tale we also share the true story of a house in Ann Arbor that sold in just five days generating four offers and a winning bid that was actually higher than the asking price. Ranir of Grand Rapids is a 30-year-old outfit founded by a dentist who strongly believed in the merits of flossing.
1Q Venture Funding Data Wasn’t Allll Bad
Wall Street Journal
Much of that capital especially the money raised in 2008 is still in venture firms’ hands waiting to be deployed.  If VCs continue at the pace of investing $3. 9 billion per quarter as they did in the first three months they’d invest only $15. 6 billion for 2009 compared with $31. 4 billion the year before.  That’s not likely to happen considering investment historically tracks within a few million dollars of the amount raised by venture firms from the years’ before.
Feds seek receiver for alleged investment Ponzi scheme
Sacramento Bee
21 2009 – 12:00 am| Page 7B Federal officials want a receiver to take charge of the Folsom investment firm accused of running a massive Ponzi scheme. The Securities and Exchange Commission said a receiver would be able to hunt down assets and comb through the business records of Equity Investment Management and Trading Inc. The SEC already obtained a court order freezing Equity Investment’s assets but so far has only been able to find $1. 2 million in a bank account once controlled by the Folsom firm. In court papers the SEC said Equity Investment used investors’ money “for a variety of unauthorized purposes” including loans and real estate purchases.