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Billtrust’s First Institutional Investor Sells Stake

PYMNTS

A press release issued Monday (May 14) said Edison sold its stake in Billtrust to private equity firm W Capital Partners. He saw the opportunity in this market before the FinTech ecosystem declared enterprise-focused FinTech a ‘cool’ sector. “I look forward to many more years working in close partnership with the team at Edison.”

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Bain MD On New $1B Fund And Why Seed Rounds Are Sprouting           

PYMNTS

Bain Capital Ventures said Wednesday (November 14) that it has raised $1 billion in investment capital that will be geared toward targeting startup companies spanning seed rounds to growth-stage financing. Bain Capital Ventures traces its genesis back to 2001, and has invested more than $3.6 billion across 240 companies.

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Roots—Not Just Branches

Independent Banker

Leadership Team—Citizens Bank of Las Cruces’ executive management team, from left: Jed Fanning, Tim Hargrove, Ruth Christopher and George Ruth. Since 2001, we have received the distinguished recognition by Independent Banker as a “Best of the Best” community bank, 14 of the past 15 years. Citizens Bank of Las Cruces. Las Cruces, N.M.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

In a deal that aimed to open the Chinese coal markets, US heavy-equipment behemoth Caterpillar paid $677M in 2012 to acquire ERA Mining Machinery Ltd. The Chinese coal market is one of the biggest in the world and this deal looked like easy money. a leading producer of hydraulic coal-mine roof supports in China. Google and Motorola.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

It also owns 50 subsidiary companies that have 200 more subsidiaries themselves, including Geico (acquired in 1996), Dairy Queen (1997), and Fruit of the Loom (2001). You only find out who is swimming naked when the tide goes out.” ( 2001 ). Market volatility. In spring 2001, Cisco’s shareholders had lost a total of 28.6%

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21 Lessons From Jeff Bezos’ Annual Letters To Shareholders

CB Insights

The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. 2001: Measure your company by your free cash flow. The longer a company is able to retain its customers, the less it needs to spend on acquisition or marketing. Just execute.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Crescent Ridge Capital Partners’ elaborate Ponzi scheme. Select Investors: AllianceBernstein, Lightspeed Venture Partners, Glade Brook Capital Partners. Select Investors: CapitalG, Goldman Sachs Investment Partners, Pritzker Group Venture Capital. Select Investors: BlackRock, Norwest Venture Partners, Sands Capital.

Fraud 78