Tuesday, June 14, 2011

Alan Patricof talks about tech IPOs - bubble 2.0?


Alan Patricof, managing director of Greycroft Partners LLC, talks about the initial public offerings of web-based consumer companies such as LinkedIn Corp. and Groupon Inc. Patricof speaks on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)

According to Wikileaks:
Alan Patricof (born 1935) is an American investor and one of the early pioneers of the venture capital and private equity industries. Patricof founded Apax Partners (based on a play on Patricof's name: Alan Patricof Associates Cross (x) Border), which is today one of the largest private equity firms globally.

Career

Over the course of his 40-year career in private equity, Patricoff has been instrumental in growing the venture capital field from a base of high net-worth individuals to its position today with broad institutional backing, as well as playing a key role in the essential legislative initiatives that have guided its evolution.
Patricof was an early investor in venture capital and has been involved in the development of numerous major companies including America Online, Office Depot, Cadence Design Systems, Apple Computer and FORE Systems. He was a founder and chairman of the board of New York magazine, which later acquired the Village Voice and New West magazine.[1] Patricof also acquired style magazine Details (magazine) in 1987.[2] He has also been involved with Cellular Communications, Inc., NTL, and Audible.
By the mid-1990s Apax had become one of the larger private equity firms globally. In 2001, Patricof stepped back from day-to-day management of Apax Partners, Inc., the US arm of the firm to return to his original focus on making venture capital investments in small early-stage companies. In 2006, Patricof left Apax to form Greycroft Partners which focuses on small early-stage venture capital investments.
Patricof received his undergraduate education in finance from Ohio State University and earned his MBA from Columbia Business School in 1957. [3]

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