PE Hub on Philadelphia Magazine's Guggenheim Ventures article

Dan Primack of Private Equity Hub (Thomson Reuters) has a piece today titled "A Good VC Story Gone Bad", concerning an article by Philadelphia Magazine on Guggenheim Venture Partners of King of Prussia and its Managing Director, Mike Burns.

The article, which appeared in the June issue, was written by Larry Platt, the former editor of Philadelphia Magazine who left shortly afterward amidst reported issues concerning his behavior. The thrust of Primack's piece is that the article, which was later pulled from the magazine's website, was full of inaccuracies and misleading information. Burns'attorney, Richard Sprague, told Primack that "the Philadelphia Magazine article was written tongue-in-cheek".




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Daily Links 8/11/2010: DreamIt Ventures Graduates 14 Startups

Philly-Based Incubator DreamIt Ventures Graduates 14 Startups (TechCrunch)

SMB Innovator: Brown Coffee Company Let's You Pay Via Text Message (PC Magazine)
Using Venmo.

Boomi Extends Lead in Enterprise Cloud Integration With Key Wins, Record Growth and Continued Innovation
Company Notes Accelerated Adoption of Cloud Integration by Large Enterprises (Marketwire)
Reports "more than tripling its subscription revenues (in the first six months of 2010) versus the same period in 2009"

Facebook's Foursquare competitor is imminent (CNET News)
Facebook also reportedly acquires First Round Capital-backed Hot Potato, primarily for founder's abilities, CNET reports.

Comcast spending multimillions to fight for NBCU merger (Philadelphia Inquirer)


AT&T: Verizon's FiOS Slowdown Justifies Our U-Verse Plan
'Investment strategy and the network strategy was the right one.' (Broadband Reports)

Broadband Additions Hit a New Low in the U.S (GigaOM)

Mistras Group, Inc. Announces FY2010 Results: Demonstrates Continued Growth in Revenue and Profitability - Provides FY2011 Guidance
FY2010 Revenue Grows 30% and Adjusted EBITDA* Increases 25% (Globe Newswire)

MedQuist Reports Second Quarter 2010 Results with Revenue Up 26% Primarily Due to Spheris Asset Acquisition in April 2010 (PR Newswire)

IBM Datacap buy is a health care play (ZDNet Blogs)




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