PT  - JOURNAL ARTICLE
AU  - Michael D. Smith
TI  - PIPEs
AID  - 10.3905/jpe.2002.320026
DP  - 2002 Aug 31
TA  - The Journal of Private Equity
PG  - 66--71
VI  - 5
IP  - 4
4099  - https://pm-research.com/content/5/4/66.short
4100  - https://pm-research.com/content/5/4/66.full
AB  - LBO funds made many risky gambles in PIPEs beginning in 1999, and several prominent firms were badly burned. The depressed prices of many venture-backed public companies have attracted the attention of venture capitalists, but VCs can learn several lessons from the failures in the LBO sector. This article explores those lessons.