I am happy to formally announce my partnership with my good friend and mentor Kenny Finkelstein with Knight’s Bridge Capital Partners . It is an $80 million private equity fund. The head office is Toronto, but I will continue to scour for opportunities in Phoenix and New York as well as summers in Toronto of course. If you read this blog you know how I feel about my hometown of Toronto and the opportunities north of the border.
I met Kenny when he founded Ride snowboards and I was an early entrepreneur with The Gripp. They tried to buy our business and we unfortunately turned it down. Kenny was also one of the founders of GSI Commerce (NASD – GSIC).
We have been busy for sure . The fund is more opportunistic in it’s strategy. I anticipate 5-10 percent of the assets to be allocated towards internet angel and VC investments. I have not had the opportunity to talk much about all the activity. I will be pushing Kenny to post to the KBC blog on deal structure and turnarounds and some different topics. He is an operating and investing magician.
To keep things simple, we have also purchased the General Partner interests of my one year old fund Biltmore Ventures . The investments to date are Lifelock.com, MyTrade.com, vSocial.com, AdaptiveBlue.com and CopperKey. The Fund has been renamed as Knight’s Bridge Capital Partners Internet Fund. We will continue to make investments in the internet space with the assets in the fund.
Game on.
Congratulations Howard, you deserve it. I still own and ride a Ride snowboard. I’ve had it for almost 8 years and I still love it. Small word indeed.
thanks soren…go to bed.
It’s good to be the weak guy in a team. Less pressure, plenty of upside.
Congrats Howard, and sounds like a great opportunity.
And, let me know when you’re out here next.
out where jeremy – you are everywhere
eric- too kind especially since I slept through your mybloglog pitch.
no wonder you took the yahoo deal :)
I’m sure Kenny is a great operating guy. However, “The Fly” takes exception to you calling him an “investing magician.”
As you know, that title has been secured and trademarked by me.
Aside from that, congratulations and good luck trying to buyout iBankCoin for less than 5 billion euro’s.
Dude, you never cease to amaze me. Congrats!
like I said fly, 3 billion US dollars…thats it!
buyout is actually buy out in this instance . we are very mindful of grammar on this blog ninny.
Liar!
Howard said:
“we are very mindful of grammar on this blog ninny.”
“Gold is awesome but why route for that even though I am long.”
Why route ?
??? :)
Congratulations!!
Congrats Mr. Lindzon and keep up the great work.
john…at this point, chipotles is a turnaround.
Congrats, but yo! that’s one ugly website.
is quepasacorp worth checking out as a turn around? http://www.quepasa.com QPSA . i understand it is a turn around situation 20 million market cao with billion dollar ideas.
Congratulations, Howard. Sounds like a great opportunity for more fun for you.
Fantastic news, I’m really happy for you. You deserve all your success and much more.
The important question is will you still be blogging for us Internet peons? :D
Long summers in Toronto, cool city. I spent many summers as a kid near St. Catherines.
i still can’t believe you made the gripp.
and now i know how digg can up with their name
digg guys copy everything eddie. I invented the internet and private equity.
Congrats Howard — sounds like a great move! Ping me next time you are in San Francisco to catch up.
You’re such a mogul. Congrats!