The location of the Los Altos home meant that Jobs would be able to attend nearby Homestead High School, which had strong ties to Silicon Valley. He began his first year there in late 1968 along with Fernandez. Neither Jobs nor Fernandez (whose father was a lawyer) came from engineering households and thus decided to enroll in John McCollum's "Electronics 1." McCollum and the rebellious Jobs (who had grown his hair long and become involved in the growing counterculture) would eventually clash and Jobs began to lose interest in the class. He also had no interest in sports and would later say that he didn't have what it took to "be a jock. I was always a loner."
This approach became impractical in the 1990s with private equity increasing demand for highly leveraged capital structures that created the market in high-yield and mezzanine debt. Increased volume of distressed debt drew in hedge funds and credit derivatives deepened the market—trends outside the control of both the regulator and the leading commercial banks. A company that has been restructured effectively will theoretically be leaner, more efficient, better organized, and better focused on its core business with a revised strategic and financial plan.
institutional investorsinstitutionalInstitutional Investors Alpha
Others like pension funds can predict long ahead when they will have to repay their investors allowing them to invest in less liquid assets such as private equities, hedge funds or commodities. Finally, other institutions have an extended investment horizon, allowing them to invest in illiquid assets as they are unlikely to be forced to sell them before term. In various countries different types of institutional investors may be more important. In oil-exporting countries sovereign wealth funds are very important, while in developed countries, pension funds may be more important.
IRRannualized rate of returninternal rates of return
IRR is also used for private equity, from the limited partners' perspective, as a measure of the general partner's performance as investment manager. This is because it is the general partner who controls the cash flows, including the limited partners' draw-downs of committed capital. Given a collection of pairs (time, cash flow) involved in a project, the internal rate of return follows from the net present value as a function of the rate of return. A rate of return for which this function being zero is the internal rate of return.
equityshareholders' equityequity capital
Equity (beginning of year). + net income. − dividends. +/− gain/loss from changes to the number of shares outstanding. = Equity (end of year) if one gets more money during the year or less or not anything. Art equity. Private equity.
San Jose Mercury NewsMercury NewsSan Jose Mercury
Because of its location in Silicon Valley, the Mercury News has covered many of the key events in the history of computing, and it was a pioneer in delivering news online. It was the first American newspaper to publish in three languages (English, Spanish, and Vietnamese). The paper's name derives from the San Jose Mercury and San Jose News, two daily newspapers that merged to form the Mercury News. The San Jose Mercurys name was a double entendre. The word "mercury" refers to the importance of the mercury industry during the California Gold Rush.
Forbes.com - Heidi Roizen, Looking Outside Silicon Valley 'Cocoon,' Joins Daily Mail's Board. Forbes.com - How To Build A Unicorn From Scratch -- And Walk Away With Nothing.
William SimonBill SimonWilliam E. Simon Foundation
In 1990, he partnered with several investors to form Catterton-Simon Partners, a private equity firm focused on beverages and other consumer products, which today is known as Catterton Partners. In the Anchor Glass case, Simon made millions more through deals with the company wherein the company leased its land, buildings, and equipment from Simon. Wesray also received banking fees for handling the subsequent purchase by Anchor of Midland Glass Company. Anchor Glass also bought casualty, liability, employee health and benefit insurance from a brokerage firm partially owned by Simon. The Anchor Glass corporate headquarters in Tampa was leased from Simon.
Régional Advantage: Culture and Competition in Silicon Valley and Route 128 Harvard University Press, 1994, ISBN: 9780674753396. The New Argonauts: Regional Advantage in a Global Economy Harvard University Press, 2007, ISBN: 9780674025660. Il vantaggio competitivo dei sistemi locali nell'era della globalizzazione. Cultura e competizione nella Silicon Valley e nella Route 128 FrancoAngeli, 2002, ISBN: 9788846439710. Silicon Valley's new immigrant entrepreneurs Public Policy Institute of California, 1999, ISBN: 9781582130095. The Silicon Valley-Hsinchu Connection: Technical Communities and Industrial Upgrading Stanford Institute for Economic Policy Research, 1999.
Stanford Research InstituteSRIStanford Research Institute International
SRI is primarily based on a 63 acre campus located in Menlo Park, California, which is considered part of Silicon Valley. This campus encompasses 1300000 sqft of office and lab space. In addition, SRI has a 254 acre campus in Princeton, New Jersey, with 600000 sqft of research space. There are also offices in Washington, D.C., and Tokyo, Japan. In total, SRI has 2300000 sqft of office and laboratory space. SRI International is organized into seven units (generally referred to as divisions) that focus on specific subject areas. SRI has had a chief executive of some form since its establishment.
Palo AltoPalo Alto, CAMayfield
Palo Alto serves as a central economic focal point of the Silicon Valley, and is home to more than 7,000 businesses employing more than 98,000 people. Many prominent technology firms reside in the Stanford Research Park on Page Mill Road, while nearby Sand Hill Road in the adjacent city of Menlo Park is a notable hub of venture capitalists. The city's economy generally follows the economic trends of the rest of the Silicon Valley.
Google Inc.Google, Inc.Googling
In 2013, Google launched Google Shopping Express, a delivery service initially available only in San Francisco and Silicon Valley. Google Alerts is a content change detection and notification service, offered by the search engine company Google. The service sends emails to the user when it finds new results—such as web pages, newspaper articles, or blogs—that match the user's search term. In July 2015 Google released DeepDream, an image recognition software capable of creating psychedelic images using a convolutional neural network.
mezzanine debtmezzaninemezzanine financing
History of private equity and venture capital. Hybrid security. PIK loan. Private equity secondary market. Private equity. Senior debt. What is Mezzanine Debt. Mezzanine Finance—White paper. List of Mezzanine Financing Companies. Mezzanine Finance in UK.
Woodside is located on the San Francisco Peninsula, midway between San Jose and San Francisco, just north of Silicon Valley, in San Mateo County. The infamous San Andreas fault runs through town. This fault is a major source of earthquake activity in California, including the 1906 San Francisco earthquake. Much of Woodside is wooded, with redwoods and Douglas fir dominating in the western hills and more oaks and eucalyptus in the lower areas. San Francisco Bay lies to the east, while Pacific Ocean beaches lie to the west. The Santa Cruz mountains separate Woodside from the ocean and extend down to Monterey Bay about forty miles south.
Since becoming known, in 2012, for filing a gender discrimination suit against former employer Kleiner Perkins, Pao has expressed vocal criticism of the hiring and promotion practices in Silicon Valley. In 2015, unpopular decisions made during Pao's tenure at Reddit generated a wave of controversy that culminated in her stepping down. The backlash she received sparked debates both on the treatment of women in technology and the need for transparency in a company that relies on volunteers. Ellen Pao was born in 1970 in New Jersey. She is the middle child of three daughters born to Tsyh-Wen Pao and Young-Ping Pao, immigrants from Taiwan.
Ellen Pao v. Kleiner Perkins Caufield & Byers LLC and DOES 1–20a gender discrimination suitloses in a gender discrimination lawsuit
Kleiner Perkins Caufield & Byers is a venture capital firm located in Menlo Park in Silicon Valley. The Wall Street Journal and other media have called it one of the "largest and most established" venture capital firms and it has been called "one of Silicon Valley's top venture capital providers" by "Dealbook". The firm specializes in investments in incubation and early stage companies.
Markets & Securities Services includes investor services and direct custody and clearing, hedge fund and private equity servicing, and issuer businesses. It provides financial products through underwriting, sales & trading of a range of investment assets. Products offered include servicing of equities, commodities, credit, futures, foreign exchange (FX), emerging markets, G10 rates, municipals, prime finance/brokerage services, and securitized markets, such as collateralized debt obligations and mortgage-backed securities.
The high-water mark of cov-lite loans came in the 2007 acquisition by Kohlberg Kravis Roberts, a US private equity firm, by way of a record $16bn cov-lite loan for its buy-out of First Data. The tendency towards cov-lite loans ended abruptly with the 2007 subprime mortgage financial crisis. Some commentators subsequently sought to attribute the credit crunch arising from crisis to cov-lite loans, although the LBO market is almost entirely unconnected with the sub-prime mortgage market in terms of exposure.
secondary marketSecondary investmentsSecondaries
In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive. Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds.