Palo Alto Corporate Attorney Douglas Y. Park discusses three reasons for lower venture capital returns: (1) Weak IPO market, (2) VCs making fewer early stage investments, (3) Fewer VCs have operational experience.
Category Archives: Mergers and Acquisitions
Why Strategy, Law, And Organization?
In this post, I advance a simple argument: A combined Strategy, Law, and Organization lens provides superior solutions to difficult business and legal problems. Good business lawyers understand that legal problems are necessarily business problems. Yet, understanding the law, by itself, is ...
Intellectual Property Rights, Merger And Acquisition Strategy, And Transaction Costs
Do the transaction costs of allocating intellectual property rights in collaborative R&D influence merger and acquisition strategy? When it is difficult to write intellectual property agreements, does it makes sense for managers to turn ...
What Venture Capitalists See For 2010: IPOs, M&A, But Not Cleantech
What do venture capitalists like in 2010? Not cleantech. But they are optimistic about more big IPOs and mergers and acquisitions coming through. An article in the New York Times discusses the technology sectors that VCs are bullish on. VCs are excited about ...
How To Make High Tech Mergers Work
Mergers are difficult to make work. Many large mergers have failed to meet expectations for a variety of reasons. What can companies do to make high tech mergers work? Jon Schwarz, a member of the Executive Board of SAP with extensive merger and acquisition ...
How Disney Will Impact Marvel
Now that Disney has acquired Marvel and its characters for $4 billion (a 29% premium), the question is how will Disney impact Marvel? Both Disney and Marvel touted the deal as huge win for both companies. Will Disney ...
Strategic Implications of China’s Draft Regulations On Price Monopolies
China's Anti-Monopoly Law, implemented in August 2008, continues to take shape. The National Development and Reform Commission recently issued draft regulations regarding price monopolies. The proposed regulations apply to monopoly price activities both within and outside China, when the activities ...
What Clients Want From Their Lawyers: Good Business Strategy Advice
What do clients want from their lawyers? According to a new survey by Clemente Communications Group, middle-market companies want their professional services firms (including lawyers) to help them increase revenue growth and diversify strategically. These companies are looking for advisors who understand the ...
Pepsi v. Coke: China Strategies
Coke is not the only beverage company looking to expand in China. Pepsi has its eyes on China. Pepsi has about one third of the carbonated beverage market in China, while Coke has about one half of the market. Since the Chinese are not big soda ...
Coke Will Grow Organically In China After Antitrust Setback
On March 18, 2009, the Chinese Anti-Monopoly Bureau of the Ministry of Commerce (“AMB”) rejected Coca-Cola’s bid to acquire Huiyuan Juice Group, China’s largest beverage company. This was the AMB’s first rejection of a pre-merger filing under the Anti-Monopoly Law (”AML”) enacted in August 2008. The ...