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Corporation
enron.com

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Investments

22

Portfolio Exits

12

Partners & Customers

2

About Enron

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy in late 2001, Enron employed approximately 22,000 staff and was one of the world's leading electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion in 2000.

Enron Headquarter Location

Enron Complex Downtown Houston

Houston, Texas,

United States

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Latest Enron News

IBM’s Good Chance to Right the Ship

Dec 4, 2021

December 4, 2021 - Advertisement - Ten Years Ago, IBM’s Watson Was the Winner on Computers Danger! TV show, as in “IBM’s Reboot” (Cover Story, November 26) by Eric J. described by Savitz. While I agree that the computer was indeed the winner, Watson, like the other two contestants, knew the answer. The only way to win the game was to buzz first, and Watson patted him. - Advertisement - As Savitz rightly pointed out, Watson had to “improve medical research and diagnosis”; Unfortunately, the “answers” were not available. In subsequent research, Watson did not perform as expected. Oncology trials and treatments proved less successful than anticipated. One last observation about the quantum metaphor (“Quantum computing remains mostly promising, but probably not for long. How to play it,” November 26): Eventually the coin must “land” and that’s when the unknown answer occurs. It turns out, and unfortunately Watson did not “discuss with the correct answer.” - Advertisement - to the Editor: While it won’t be Microsoft from 2013, IBM has a chance to right the ship. With the way the market has behaved and many companies pushing earnings due to covid-19, I think IBM has multiple expansions and single digit growth in two years to deliver more than 50% returns is a better shot. If the price goes down, I’ll buy more. Terence Favreau, at Barrons.com to the Editor: Enjoyed reading Q&A with Teresa Ghillarducci (“America’s retirement system is broken. How to fix it,” interview, November 25). Despite being an economist, he spoke in common language and not in the common language and terminology of dismal science. The basic conclusion from the article is that most Americans, for a variety of reasons, do not save money throughout their lives and enter retirement deep in debt. I agree with him that the system needs to be changed to help and encourage employees to save money. We just need the will of corporations and politicians to get involved. Ted Fisk, Naperville, Ill. to the Editor: Ghillarducci laments the loss of the defined-benefit pension. I say good riddance—they were a good deal only for those lucky enough to stay at the same employer for 30 years. I am an Electrical Engineer in the Volatile and Dynamic Semiconductor Industry. In my 37-year career, I’ve had eight employers (four of which no longer exist as businesses). My retirement security is due due to pension portability. Another term for pension portability is the 401(k). Shane Milburn, Colorado Spring, Colo. to the Editor: Gillarducci’s observation that retirement plans, including Social Security, are in jeopardy, is correct. However, his proposed solution is a mathematical impossibility because the diagnosis of his cause is incorrect. The problem facing pension plans is not underfunding, although it contributes, but instead the ongoing increase in longevity. Life expectancy was 47 years in 1900, 60 years a century ago and 78 years as of 2018. This growth will not stop. The main causes of death are heart disease, stroke, cancer and trauma. The trajectory for all four is upward, with no signs of slowing down. In 1950, there were 16.5 employees for every Social Security retiree. By 2020, the number was 2.8. The only possible solution to the pension problem is to extend the working years. As a proof of principle, I’m still working at age 88. Dr. Claude Burdick, Livermore, Calif. Rate of interest to the Editor: In Lisa Beilfus’s November 26 Economy column, “Will interest rates go up in 2022? Don’t bet on it,” David Rosenberg makes a strong case for why the zero rate will rise next year and beyond. Since this can devastate senior citizens trying to live on a secure fixed income, as long as interest rates remain below a given value, there should be no IRA required minimum distributions. Ron Minarik, Mystic, Conn. to the Editor: In 1986, PaineWebber included me in their stockbroker training program. An old broker said that baron’s reading will be required. He has been right for many years. Now retired, I have time to read all the authors every week. Recently, Lisa Beilfus’s articles on interest rates, inflation, and consumer sentiment started ringing a sell-off for me. Thanks, Lisa. Dave Wende, Fort Worth, Texas Enron’s Lessons to the Editor: As an ex-Enron executive, I am Michael W. Wholeheartedly agree with Peregrine’s claim that Enron’s lessons still matter (“Why Enron Still Matters 20 Years Later,” Another Voice, November 24). However, he has everything wrong. The lesson everyone learned (and Peregrine alluded to) was that Enron was a bad company with bad strategies run by bad guys who did bad things. The truth is too nuanced and little understood. This lack of understanding has led managements and boards to think that they run low on “Enron risk”. A decade of absent government bailouts and repressed interest rates that have cost taxpayers and trillions of savers, I guess, Enron will be considered a canary in a coal mine, unlike the poster child for corporate misconduct. Those who fail to learn the (real) lessons of the past are destined to repeat them. Stakeholders beware – the object may be closer than it appears in the mirror. Ted Murphy, Edgartown, Mass. send letter to: [email protected] To be considered for publication, correspondence must contain the author’s name, address, and phone number. Letters are under editing. ,

Enron Investments

22 Investments

Enron has made 22 investments. Their latest investment was in Surgient Networks as part of their Series B on November 11, 2001.

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Enron Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/5/2001

Series B

Surgient Networks

Yes

10/8/2001

Unattributed VC

Encorp

$38.1M

Yes

6/21/2001

Series B

AP Engines

$30M

Yes

4/17/2001

Series C

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$99M

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10

11/14/2000

Series B

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$99M

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10

Date

11/5/2001

10/8/2001

6/21/2001

4/17/2001

11/14/2000

Round

Series B

Unattributed VC

Series B

Series C

Series B

Company

Surgient Networks

Encorp

AP Engines

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Amount

$38.1M

$30M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

10

10

Enron Portfolio Exits

12 Portfolio Exits

Enron has 12 portfolio exits. Their latest portfolio exit was Surgient Networks on August 17, 2010.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/17/2010

Acquired

7/10/2007

Acquired

1

6/22/2007

Acquired

$991

00/00/0000

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10

00/00/0000

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10

Date

8/17/2010

7/10/2007

6/22/2007

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

10

Enron Acquisitions

3 Acquisitions

Enron acquired 3 companies. Their latest acquisition was Nutech Energy Alliance on April 06, 2001.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/6/2001

Acquired

$0.68M

Acquired

12/6/2000

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$99M

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10

5/22/2000

Unattributed VC

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$99M

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10

Date

4/6/2001

12/6/2000

5/22/2000

Investment Stage

Acquired

Unattributed VC

Companies

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Valuation

Total Funding

$0.68M

$99M

$99M

Note

Acquired

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Sources

10

10

Enron Partners & Customers

2 Partners and customers

Enron has 2 strategic partners and customers. Enron recently partnered with Energen on May 5, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

5/8/2018

Vendor

Energen

United States

Energen Outlines Contracts With Enron.

Energen also has delivered morethan 1 billion cubic feet of natural gas under a physical sales contractfor which it is owed approximately $ 4 million by Enron Corporation .

1

Client

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10

Date

5/8/2018

Type

Vendor

Client

Business Partner

Energen

Country

United States

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News Snippet

Energen Outlines Contracts With Enron.

Energen also has delivered morethan 1 billion cubic feet of natural gas under a physical sales contractfor which it is owed approximately $ 4 million by Enron Corporation .

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Sources

1

10

Enron Team

15 Team Members

Enron has 15 team members, including former Chief Executive Officer, Rebecca Mark-Jusbasche.

Name

Work History

Title

Status

Rebecca Mark-Jusbasche

Chief Executive Officer

Former

Ashok Rao

Trex Communications

President

Former

Lee Jestings

Senior Vice President

Former

Sean T. Long

Senior Vice President

Former

Howard K Selzer

Controller, Senior Director

Former

Name

Rebecca Mark-Jusbasche

Ashok Rao

Lee Jestings

Sean T. Long

Howard K Selzer

Work History

Trex Communications

Title

Chief Executive Officer

President

Senior Vice President

Senior Vice President

Controller, Senior Director

Status

Former

Former

Former

Former

Former

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