Capital Buzz: Steve and Ted’s big get

December 4, 2011

It’s the company you keep.

So says former AOL chief executive Steve Case when talking about the importance of the investors in the Revolution Growth fund, which is Case’s and D.C. sports teams owner Ted Leonsis’s $450 million investment chest.

Their big get when it came to investors is Pittsburgh’s Hillman Co.

Hillman, founded by the press-shy industrialist Henry Hillman, was an early investor in Kleiner Perkins Caulfield & Byers, the premiere Silicon Valley venture capital firm, and in Kohlberg Kravis Roberts & Co., one of the largest and most successful private equity firms in the world.

“We were as careful about the limited partners and investors as they were about picking us,” Case said. “We wanted to assemble a blue-chip group of investors. We weren’t just looking for money. We were looking for the right limited partners who have track records themselves of backing great investment firms, like Hillman backing Kleiner.”

Another one of Revolution’s two dozen limited partners is Top Tier Capital Partners of San Francisco.

A hunting we will go ...

Catholic University’s new Master of Science in Business Analysis program sent its 18 students to New York City to quiz top execs on coming trends, trying to find what’s hot and what’s not.

“There’s good jobs available in media, and particularly students who are comfortable in new media, digitial, mobile and things like that,” said the school’s MSBA program director, Stewart McHie.

The companies included advertising giant DDB, the Madison Square Garden Co., Fox Business Network, brand consultant Interbrand, Creative Realities, Carat Media and J.P. Morgan Chase.

Looking for last year’s grads?

Try Booz Allen Hamilton, Science Applications International Corp., The Advisory Board, NetApp, Netuitive, Penton Media, BMW of North America, Mercury Radio Arts and others.

The one-year, 36-credit-hour MSBA is designed to bring nonbusiness majors into the business world.

Speaking of hiring

Arlington-based Opower chief executive Dan Yates, who loves his terrier mutt Melvin so much that he hauls the pup to work with him, says the competition is fierce for software engineers.

“We are pulling on such a rarified bunch of people that everyone we are hiring already has a job,” said Yates, whose company works with utilities to encourage customers to cut back on their energy use.

A year ago, Silicon Valley-based venture capital firms Accel Partners and Kleiner Perkins and Chevy Chase-based New Enterprise Associates closed a $50 million fundraising round with the energy startup.

The Buzz hears ...

Thompson Hospitality is moving its digs from Herndon to a 42,000-square-foot building on five acres on Business Center Drive in Reston. Javier Castro, president of Westline Commercial Realty, helped Thompson with the big move, including finding the new home and negotiating the contract.

Thompson is the largest minority-owned food service company and one of the largest minority-owned businesses in the country.

The Museum of the American Cocktail’s fourth annual holiday cocktail seminar, is tentatively planned for Dec. 18 at PS7’s restaurant.

Local mixologists Gina Chersevani of PS7’s, The Gibson’s Jon Harris, J .P. Caceras of Jack Rose, Dan Searing of Room 11, and Derek Brown of The Passenger/Columbia Room will present their favorite recipes — and samples.

It’s $45 at the door, and runs from 5 to 6:30 p.m.

No lump of coal for Jerry

Dallas Cowboys owner Jerry Jones is getting a couple of wine bottles in his Christmas stocking, courtesy of Destination Cellars, which is David Keuhner’s Chantilly-based “wine experience” company.

While most Redskins would prefer Jones get a lump of coal, Keuhner is making a buck delivering thousands of holiday gift-wrapped wine bottles for clients at an average package of $150, which includes the cost of the wine.

One cool contract is with Legends Hospitality, which runs the catering in high-level suites for major sports teams such as the New York Yankees and the Dallas Cowboys.

Keuhner said Legends is sending wine to all of the teams’ best customers, and even throwing some in for owners such as Jones.

“We continue to reach into these corporations, and continue to deal with these folks because we want to own the relationship with the end consumer,” said Keuhner, whose company supplies high-end wine enthusiasts with exclusive purchases and with trips to places such as Italy, France and California’s Napa Valley.

Most popular juice this year? A tossup between Napa cabernet and the perennial French Bordeaux.

Thomas Heath is a local business reporter and columnist, writing about entrepreneurs and various companies big and small in the Washington Metropolitan area. Previously, he wrote about the business of sports for The Post’s sports section for most of a decade.
SECTION: {section=business, subsection=capitalbusiness}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: {allow_comments=true, allow_photos=false, allow_videos=false, comments_period=14, comments_source=washpost.com, default_sort=, default_tab=, display_comments=true, is_ugc_gallery=false, max_items_to_display=15, max_items_to_display_top=3, moderation_required=false, stream_id=}!!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Comments
SECTION: {section=business, subsection=capitalbusiness}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: {allow_comments=true, allow_photos=false, allow_videos=false, comments_period=14, comments_source=washpost.com, default_sort=, default_tab=, display_comments=true, is_ugc_gallery=false, max_items_to_display=15, max_items_to_display_top=3, moderation_required=false, stream_id=}!!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Show Comments
December 4, 2011

It’s the company you keep.

So says former AOL chief executive Steve Case when talking about the importance of the investors in the Revolution Growth fund, which is Case’s and D.C. sports teams owner Ted Leonsis’s $450 million investment chest.

Their big get when it came to investors is Pittsburgh’s Hillman Co.

Hillman, founded by the press-shy industrialist Henry Hillman, was an early investor in Kleiner Perkins Caulfield & Byers, the premiere Silicon Valley venture capital firm, and in Kohlberg Kravis Roberts & Co., one of the largest and most successful private equity firms in the world.

“We were as careful about the limited partners and investors as they were about picking us,” Case said. “We wanted to assemble a blue-chip group of investors. We weren’t just looking for money. We were looking for the right limited partners who have track records themselves of backing great investment firms, like Hillman backing Kleiner.”

Another one of Revolution’s two dozen limited partners is Top Tier Capital Partners of San Francisco.

A hunting we will go ...

Catholic University’s new Master of Science in Business Analysis program sent its 18 students to New York City to quiz top execs on coming trends, trying to find what’s hot and what’s not.

“There’s good jobs available in media, and particularly students who are comfortable in new media, digitial, mobile and things like that,” said the school’s MSBA program director, Stewart McHie.

The companies included advertising giant DDB, the Madison Square Garden Co., Fox Business Network, brand consultant Interbrand, Creative Realities, Carat Media and J.P. Morgan Chase.

Looking for last year’s grads?

Try Booz Allen Hamilton, Science Applications International Corp., The Advisory Board, NetApp, Netuitive, Penton Media, BMW of North America, Mercury Radio Arts and others.

The one-year, 36-credit-hour MSBA is designed to bring nonbusiness majors into the business world.

Speaking of hiring

Arlington-based Opower chief executive Dan Yates, who loves his terrier mutt Melvin so much that he hauls the pup to work with him, says the competition is fierce for software engineers.

“We are pulling on such a rarified bunch of people that everyone we are hiring already has a job,” said Yates, whose company works with utilities to encourage customers to cut back on their energy use.

A year ago, Silicon Valley-based venture capital firms Accel Partners and Kleiner Perkins and Chevy Chase-based New Enterprise Associates closed a $50 million fundraising round with the energy startup.

The Buzz hears ...

Thompson Hospitality is moving its digs from Herndon to a 42,000-square-foot building on five acres on Business Center Drive in Reston. Javier Castro, president of Westline Commercial Realty, helped Thompson with the big move, including finding the new home and negotiating the contract.

Thompson is the largest minority-owned food service company and one of the largest minority-owned businesses in the country.

The Museum of the American Cocktail’s fourth annual holiday cocktail seminar, is tentatively planned for Dec. 18 at PS7’s restaurant.

Local mixologists Gina Chersevani of PS7’s, The Gibson’s Jon Harris, J .P. Caceras of Jack Rose, Dan Searing of Room 11, and Derek Brown of The Passenger/Columbia Room will present their favorite recipes — and samples.

It’s $45 at the door, and runs from 5 to 6:30 p.m.

No lump of coal for Jerry

Dallas Cowboys owner Jerry Jones is getting a couple of wine bottles in his Christmas stocking, courtesy of Destination Cellars, which is David Keuhner’s Chantilly-based “wine experience” company.

While most Redskins would prefer Jones get a lump of coal, Keuhner is making a buck delivering thousands of holiday gift-wrapped wine bottles for clients at an average package of $150, which includes the cost of the wine.

One cool contract is with Legends Hospitality, which runs the catering in high-level suites for major sports teams such as the New York Yankees and the Dallas Cowboys.

Keuhner said Legends is sending wine to all of the teams’ best customers, and even throwing some in for owners such as Jones.

“We continue to reach into these corporations, and continue to deal with these folks because we want to own the relationship with the end consumer,” said Keuhner, whose company supplies high-end wine enthusiasts with exclusive purchases and with trips to places such as Italy, France and California’s Napa Valley.

Most popular juice this year? A tossup between Napa cabernet and the perennial French Bordeaux.

Thomas Heath is a local business reporter and columnist, writing about entrepreneurs and various companies big and small in the Washington Metropolitan area. Previously, he wrote about the business of sports for The Post’s sports section for most of a decade.
SECTION: {section=business, subsection=capitalbusiness}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: {allow_comments=true, allow_photos=false, allow_videos=false, comments_period=14, comments_source=washpost.com, default_sort=, default_tab=, display_comments=true, is_ugc_gallery=false, max_items_to_display=15, max_items_to_display_top=3, moderation_required=false, stream_id=}!!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Comments
SECTION: {section=business, subsection=capitalbusiness}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: {allow_comments=true, allow_photos=false, allow_videos=false, comments_period=14, comments_source=washpost.com, default_sort=, default_tab=, display_comments=true, is_ugc_gallery=false, max_items_to_display=15, max_items_to_display_top=3, moderation_required=false, stream_id=}!!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, defaultsort=reverseChronological, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, includevoteofftopic=false, allow_videos=false, includesorts=true, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, childrenitemsperpage=3, includeheader=true, includeverifiedcommenters=true, defaulttab=all, includerecommend=true, includereport=true, maxitemstop=3, source=washpost.com, allow_photos=false, maxitems=15, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Show Comments