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JMP Securities Elite 80 Report (Formerly Super 70)
Cybersecurity, Data Management & ,7 Infrastructure FEBRUARY 201 ELITE 80 THE HOTTEST PRIVATELY HELD &<%(5SECURITY, '$7$0$1$*(0(17 AND ,7,1)5$6758&785( COMPANIES &RS\ULJKWWLWLSRQJSZO6KXWWHUVWRFNFRP Erik Suppiger Patrick Walravens Michael Berg [email protected] [email protected] [email protected] (415) 835-3918 (415) 835-8943 (415)-835-3914 FOR DISCLOSURE AND FOOTNOTE INFORMATION, REFER TO JMP FACTS AND DISCLOSURES SECTION. Cybersecurity, Data Management & IT Infrastructure TABLE OF CONTENTS Executive Summary ............................................................................................................................ 4 Top Trends and Technological Changes ............................................................................................ 5 Funding Trends ................................................................................................................................ 11 Index by Venture Capital Firm .......................................................................................................... 17 Actifio ................................................................................................................................................ 22 Alert Logic ......................................................................................................................................... 23 AlgoSec ............................................................................................................................................ 24 AnchorFree ...................................................................................................................................... -
Database Software Market: Billy Fitzsimmons +1 312 364 5112
Equity Research Technology, Media, & Communications | Enterprise and Cloud Infrastructure March 22, 2019 Industry Report Jason Ader +1 617 235 7519 [email protected] Database Software Market: Billy Fitzsimmons +1 312 364 5112 The Long-Awaited Shake-up [email protected] Naji +1 212 245 6508 [email protected] Please refer to important disclosures on pages 70 and 71. Analyst certification is on page 70. William Blair or an affiliate does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. This report is not intended to provide personal investment advice. The opinions and recommendations here- in do not take into account individual client circumstances, objectives, or needs and are not intended as recommen- dations of particular securities, financial instruments, or strategies to particular clients. The recipient of this report must make its own independent decisions regarding any securities or financial instruments mentioned herein. William Blair Contents Key Findings ......................................................................................................................3 Introduction .......................................................................................................................5 Database Market History ...................................................................................................7 Market Definitions -
October 1, 2001
“Don’t mistake activity for achievement.” –John Wooden April 22, 2021 «Title» «First_Name» «Last_Name» «Job_Title» «Company» «Address1» «Address2» «City» «State_» «Postal_Code» Dear «Salutation»: If Hollywood made a movie based on the events that drove financial markets during 1Q 2021, most viewers would find the plotline too farfetched. (Then again, the same could probably be said for most of 2020’s major headlines!) The year started out with the Georgia senate runoff races securing Democratic control of Congress (via the Vice President’s Senate tiebreaking authority), paving the way for more fiscal stimulus than would have occurred with divided government. Then, on January 6, protesters in support of then-President Donald Trump stormed the Capitol as Congress met to confirm President-elect Joe Biden’s election victory. The protests turned violent, causing lawmakers to shelter in place. Ultimately more than 140 people were injured, and 5 people died, including a police officer. And all this occurred within the first seven days of the year! Then the Reddit/WallStreetBets crowd burst on the scene, with nonprofessional investors informally banding together to buy stocks that in many cases were heavily shorted (presumably by hedge funds), causing a “short squeeze” in certain stocks, most notably mall-based video game retailer GameStop. At one point during January, GameStop shares had advanced 1,741% for the year! This short squeeze destroyed some hedge funds and left former star hedge fund manager Gabe Plotkin of Melvin Capital nursing a 53% loss for January, causing him to seek a capital injection from his former boss, Steven Cohen, and Citadel Securities’ Ken Griffin. -
Introduction: the Carried Interest Loophole 7
Simply stated, the carried interest loophole is the mistreatment of hedge fund and private equity fees as capital gains, rather than ordinary income. CONTENTS 3 | Introduction: the Carried Interest Loophole 7 | What is the Carried Interest Loophole? 10 | The Fight to Hold New Jersey Billionaires Accountable 11 | Meet The Billionaires – MFP Investors, Michael Price – Omega Advisors, Leon Cooperman – Redwood Capital Management, Jonathan Kolatch – Glenview Capital, Larry Robbins 19 | Methodology 22 | Who Are the Hedge Clippers? 23 | Press + General Inquiry Contacts INTRODUCTION: THE CARRIED INTEREST LOOPHOLE Understanding what the Instead, with last year’s new federal tax law, Trump and Republicans chose to increase the trillions of Carried Interest Loophole dollars going to billionaires and corporations while is and why Trump and threatening vital investments in housing, education 2 Congressional Republicans and healthcare. During his presidential campaign, President Donald kept it alive in the Federal Trump pledged to close the loophole, saying that “the Tax Law. hedge fund guys are getting away with murder...I have hedge fund guys that are making a lot of money The carried interest loophole is that aren’t paying anything.” among the most costly and wasteful Now, of course, many of those “hedge fund guys” are tax loopholes out there. in the Trump administration or otherwise advising or funding Trump. It’s a massive giveaway to hedge fund and private equity firms that costs federal taxpayers $18 billion each year. Here’s how it works: These firms charge their investors fees for managing their money, but rather than classifying this as income they deem it carried interest, allowing them to pay lower tax rates. -
The Uptick Rule 3.96 Background Briefing –Is A
defending a market attack - the uptick rule 3.96 CLEARED FOR RELEASE 07/16/2020 [Economic Battle PlanTM points: 100) Background Briefing –Is a planned stock market attack in the works? What we must do now to stop it! A stock market crash can determine an election’s outcome. It has happened before…. On September 11, there was a naked short-selling attack on Lehman Brothers, triggering the worst market collapse since the Great Depression. It was done right before the 2008 election and it literally shifted the outcome. The stock market has been a strength for the Trump administration, but there are indications history could repeat itself soon. Economic Warfare expert Kevin Freeman reviews how the stock market can be used as a secret weapon to influence the 2020 Presidential election. Statistically, the stock market performance in the last three months before an election determines who wins the White House 87% of the time. July through November is the critical point in the financial markets and our adversaries recognize it. Even George Soros warns Trump of a potential economic doom before election. In this briefing Kevin Freeman explains potential attacks adversaries have considered and a simple rule that could prevent a timed economic attack on the US stock market. It is critical action is taken to reinstate this rule now! Your Mission: To understand the economic tactics adversaries have used against the US in the past and to help avoid another economic attack on the US stock market. Also, to help us take on Wall Street to: 1. Reinstate the Uptick Rule 2. -
Private Companiescompanies
PrivatePrivate CompaniesCompanies Private Company Profiles @Ventures Kepware Technologies Access 360 Media LifeYield Acronis LogiXML Acumentrics Magnolia Solar Advent Solar Mariah Power Agion Technologies MetaCarta Akorri mindSHIFT Technologies alfabet Motionbox Arbor Networks Norbury Financial Asempra Technologies NumeriX Asset Control OpenConnect Atlas Venture Panasas Autonomic Networks Perimeter eSecurity Azaleos Permabit Technology Azimuth Systems PermissionTV Black Duck Software PlumChoice Online PC Services Brainshark Polaris Venture Partners BroadSoft PriceMetrix BzzAgent Reva Systems Cedar Point Communications Revolabs Ceres SafeNet Certeon Sandbridge Technologies Certica Solutions Security Innovation cMarket Silver Peak Systems Code:Red SIMtone ConsumerPowerline SkyeTek CorporateRewards SoloHealth Courion Sonicbids Crossbeam Systems StyleFeeder Cyber-Ark Software TAGSYS DAFCA Tatara Systems Demandware Tradeware Global Desktone Tutor.com Epic Advertising U4EA Technologies ExtendMedia Ubiquisys Fidelis Security Systems UltraCell Flagship Ventures Vanu Fortisphere Versata Enterprises GENBAND Visible Assets General Catalyst Partners VKernel Hearst Interactive Media VPIsystems Highland Capital Partners Ze-gen HSMC ZoomInfo Invention Machine @Ventures Address: 187 Ballardvale Street, Suite A260 800 Menlo Ave, Suite 120 Wilmington, MA 01887 Menlo Park, CA 94025 Phone #: (978) 658-8980 (650) 322-3246 Fax #: ND ND Website: www.ventures.com www.ventures.com Business Overview @Ventures provides venture capital and growth assistance to early stage clean technology companies. Established in 1995, @Ventures has funded more than 75 companies across a broad set of technology sectors. The exclusive focus of the firm's fifth fund, formed in 2004, is on investments in the cleantech sector, including alternative energy, energy storage and efficiency, advanced materials, and water technologies. Speaker Bio: Marc Poirier, Managing Director Marc Poirier has been a General Partner with @Ventures since 1998 and operates out the firm’s Boston-area office. -
Fidelity Insurance Group, Inc
Fidelity Insurance Group, Inc. ww w.fidelityinsgroup.com/ Fidelity National Title Group (NYSE: FNF) FNF Title International FNF Title International is a subsidiary of Fidelity National Financial (New York Stock Exchange Symbol:FNF), and provides title insurance and indemnity for FNF's international customers. American Fidelity Assurance Company www.afadvantage.com/ We're a family-owned company providing supplemental insurance in four key industries: education, healthcare facilities, auto dealerships and municipalities. ... City and County Government: Just One of Our Specialties ***************** Fidelity Insurance Group, Inc. Fidelity Insurance Group provides a competitive offering of Jacksonville Insurance, Orange Park Insurance, and St. Augustine Insurance products including ... www.fidelityinsgroup.com/ - Cached - Similar Fidelity National Property and Casualty Insurance Group Fidelity National Property & Casualty Insurance Group: Your First Stop for All Your Insurance Needs. If you are a Fidelity Title/Escrow officer, ... www.fnicproducer.com/fnpac/index.html - Cached - Similar Am erican Fidelity Assurance Company : Main Site Content We're a family-owned company providing supplemental insurance in four key industries: education, healthcare facilities, auto dealerships and municipalities. ... www.afadvantage.com/ - Cached – Similar Claim Status Flex Claim Status • F AQs Please select a category or type your question in the box below All FAQs Contact us by phone: (800)654-8489 FIDELITY – FNF (Fidelity National Financial)-CORPORATION TRUST COMPANY -American Fidelity Assurance Company 1 of 39 © American Fidelity Assurance Company 2011 Home About AFA News Center Privacy Policy Terms of Use Licensing Site Map ***************** http://www.afadvantage.com/home.aspx http://www.afadvantage.com/for-employers/municipal.aspx City and County Government: Just One of Our Specialties Municipalities are unique in their insurance needs, with special considerations that should be carefully considered in an overall benefits plan. -
Atlantic Drift Venture Capital Performance in the UK and the US
Research report: June 2011 Atlantic Drift Venture capital performance in the UK and the US Josh Lerner, Yannis Pierrakis, Liam Collins and Albert Bravo Biosca NESTA is the UK’s foremost independent expert on how innovation can solve some of the country’s major economic and social challenges. Its work is enabled by an endowment, funded by the National Lottery, and it operates at no cost to the government or taxpayer. NESTA is a world leader in its field and carries out its work through a blend of experimental programmes, analytical research and investment in early- stage companies. www.nesta.org.uk Executive summary The importance of a vibrant venture capital Key findings industry in supporting growth is widely recognised, and consequently governments 1. The returns performance of UK and US VC across the world have sought to promote funds in recent years has been very similar. the industry. But the development of the VC UK funds have historically underperformed industry in the UK (and in many other countries) US funds, but this gap has significantly has been hampered by the low returns it delivers narrowed. The gap in fund returns (net to its investors. Understanding how the UK IRR) between the average US and UK fund venture capital market compares with other has fallen from over 20 percentage points ones, particularly the US market, is the first step before the dotcom bubble (funds raised towards improving the performance of the UK in 1990-1997) to one percentage point VC industry. afterwards (funds raised in 1998-2005). However, this convergence has been driven This report sheds further light on the by declining returns in the US after the magnitude of the performance gap between burst of the dotcom bubble, rather than US and UK venture capital funds, its evolution by increasing returns in the UK. -
Business Plan Korzortia 2020
Business Plan CONTENTS 1. INTRODUCTION........................................................................ 4 2. EXECUTIVE SUMMARY.................................................................. 5 3. FINANCIAL PLAN.......................................................................12 Forecast 12 Financial Highlights by Year 12 4. BUSINESS MODEL......................................................................18 a. Value Proposi�on 18 i. The Problem 18 ii. The Product 18 b. Channels 24 c. Customer Rela�ons 25 d. Partners 26 5. COMPANY SUMMARY.................................................................. 27 a. Vision 27 b. Mission Statement 27 c. Business Objec�ves 27 d. Registered Name and Corporate Structure 28 e. Company Ownership 28 i. Company Loca�on 29 ii. Risk Management 29 iii. Management Summary 30 Organiza�onal Chart................................................................... 32 6. THE MARKET.......................................................................... 33 a. Financial Markets 33 i. Crowdfunding 35 ii. NAO Stats 35 iii. NAOs 35 iv. Remi�ance 35 v. How Is the Interna�onal Money Transfer Market Evolving? 37 vi. Remi�ances: Fees are Falling and MTOs Dominate 38 vii. The Pressure to Lower Fees is Affec�ng MTOs 39 b. Target Market 40 i. Retail Investor Demographics 40 ii. Forex Technology Stats 40 iii. Forex Trader Stats 40 iv. Global Crowdfunding Market – Segmenta�on 41 v. Remi�ance 41 vi. Digital Exchange 42 c. Compe�tors 43 i. Crowdfunding 43 ii. Remi�ance Compe�tors 44 a. Stock/Forex Brokers/Money Managers 45 Compe��ve Analysis 46 7. COMPETITIVE ADVANTAGE............................................................. 49 a. Differen�a�on 49 b. SWOT Analysis 51 8. EXECUTION PLAN...................................................................... 52 002 Road Map 52 Key Ac�vi�es 52 Go-To Market Strategy 53 Financial Plan 55 9. FINANCIAL INFORMATION.............................................................. 57 a. Resources 57 b. Costs and Expenses 58 i. Konzor�a Capital 58 ii. InveStart 59 iii. -
Teledyne and Dr. Henry Singleton, Case Study in Capital Allocation
Teledyne and Dr. Henry Singleton, Case Study in Capital Allocation Teledyne and a Study of an Excellent Capital Allocator, Mr. Dr. Henry Singleton Case Study Edited by John Chew ([email protected]), Telephone: (203) 622-1422 INTRODUCTION Many students of investing know about the great investment record of Warren Buffett but few even know of the man Buffett called one the greatest capitalists and capital allocators of all-time, Dr. Henry Singleton, who built Teledyne Corporation from scratch during 1960 to 1986. The best investors are avid students of history of the market, companies, and great investors. The more you learn from others, the less expensive your own tuition will be. Not to study the Teledyne story and the managerial success of Dr. Henry Singleton and his management teams would be tragic. Excerpts are from the book, Distant Force, A Memoir of the Teledyne Corporation and the Man who Created it by Dr. George A. Roberts (2007). Dr. Henry Singleton was more than just a great capital allocator, he was a visionary, entrepreneur, and excellent business person who believed that the key to his success was people—talented people who were creative, good managers and doers. Once he had those managers in place, he gave them complete autonomy to meet agreed upon goals and targets. He and his co-founder and initial investor, George Kozmetsky, bootstrapped their investment of $450,000 into a company with annual sales of over $450 million, an annual profit of some $20 million, and a stock market value of about $1.15 billion. An investor who put money into Teledyne stock in 1966 achieved an annual return of 17.9 percent over 25 years, or a 53x return on invested capital vs. -
Organizing Venture Capital: the Rise and Demise of American Research & Development Corporation, 1946–1973
Industrial and Corporate Change, Volume 14, Number 4, pp. 579–616 doi:10.1093/icc/dth064 Advance Access published June 21, 2005 Organizing venture capital: the rise and demise of American Research & Development Corporation, 1946–1973 David H. Hsu and Martin Kenney While venture capital (VC) has become an important element of the twentieth- century US innovation system, few studies have systematically examined the ori- gins and evolution of this financial institution. We take a step in this direction by analyzing the evolution of the early and influential VC firm, American Research & Development Corporation (ARD), in the period that it was independent from 1946 to 1973. We place the creation and subsequent evolution of ARD within its historical context and show how it was an innovation by Boston-area civic elites. Using new historical data, we examine the evolution of ARD’s practices over time. We argue that ARD’s funding model constrained its functioning as a venture capital firm and contributed to its demise. ARD was a pioneering organization whose business model ultimately failed as a newer organizational model, the limited partnership, was created and had a better fit with the business environment. Nevertheless, ARD has had a lasting imprint on the practice of modern venture capital. 1. Introduction This paper explores what during the Great Depression was a minor, almost footnote-size, response to the overall crisis, the creation of the venture capital firm. The 1929 stock market collapse was reflected and magnified in the bankruptcies of enormous num- bers of smaller firms as the financial system ground to a halt. -
Full Version
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of ThinkGeek Network Technology Co., Ltd. (A company incorporated in the Cayman Islands with limited liability) WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and the Securities and Futures Commission solely for the purpose of providing information to the public in Hong Kong. This Application Proof is in draft form. The information contained in it is incomplete and is subject to change which can be material. By viewing this document, you acknowledge, accept and agree with the Company, its respective sponsors, advisers and members of the underwriting syndicate that: (a) this document is only for the purpose of providing information about the Company to the public in Hong Kong and not for any other purposes. No investment decision should be based on the information contained in this document; (b) the publication of this document or any supplemental, revised or replacement pages on the Stock Exchange’s website does not give rise to any obligation of the Company, its respective sponsors, advisers or members of the underwriting syndicate to proceed with an offering in Hong Kong