Venture Capital

Wang Gonquan is known as “an icon in Chinese investing circles.” Recently, WG decided to make an honest woman out of his mistress and decided to let his followers, friends and family know Sina Weibo, China’s Twitter. “I am giving up everything and eloping with Wang Qin,” he wrote. Then he got reflective and penned “An Ode To Elopement,” which he then shot himself singing softly in front of “an expanse of water in dim light.” According to the Journal, the lyrics go something like this: Continue reading »

Remember Anna Chapman? She was among the ten Russian spies deported last year and since returning to the motherland has been pretty busy. She posed in Maxim in her underwear holding a deadly weapon. She started hosting a TV show called “Secrets of the World.” She adopted a lion cub. She posed in a magazine called Heat and then got in trouble for posting outtakes of her ass on Facebook. She waved off a rocket launch. She modeled in a fashion show (in which carried a gun and stuck it in a male model’s neck). For her next project, Chapman has teamed up with Vladimir Putin to “lure technology investment to Russia.” Apparently tech has always been a passion of Chapman’s (“I’ve always been fascinated with technology,” she told Bloomberg) and now, she says, “I want to make my own input into developing this industry.” For you thinking Chaps will have a hard time being taken seriously, think again. According to Moscow hedge fund manager Roland Nash, she’s “very well known and respected in Russia, by Russians in general and young Russians in particular, so in that sense she’s quite an imaginative solution.” As for the West, Nash concedes, “she’s got to turn around part of her image.” Continue reading »

A new proposal to tax carried interest as ordinary income was just attached to a larger tax and spending bill that could be voted on by the House as early as tomorrow.

The bill would have a huge impact on private equity, venture capital and other private partnerships that rely on carried interest as their main source of income. The move would also impact some hedge funds that pay significant long-term capital gains. Washington has been toying with the tax increase for nearly three years, but the the current bill, sponsored by Sen. Max Baucus and Rep. Sander Levin, marks the first time the Senate and the House have come together on the issue. Continue reading »