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Phil Mickelson has been known to enjoy making the occasional wager on the golf course over the years, but he's currently upset with a 17-year-old for disclosing the details of one such bet.

Deutsche Bank pointed out that tech IPO activity, overall, was down significantly last year.
The sector saw 26 offerings in total, down 57% from the year before. Proceeds raised were down 41% from 2014 before, excluding that year's record-breaking Alibaba IPO, according to the note.
The Deutsche Bank team noted that tech IPO activity will likely pick up in 2016.

(Reporting by Andy Sullivan and Diane Bartz; Writing by Andy Sullivan; Editing by Alan Crosby)
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The 42-time US PGA Tour winner gave Ruffels 2-1 odds; if Ruffels won, Mickelson would give him $5000, if he lost, Ruffels would have to pay up $2500 when he turned professional.
"I was a few down through nine but then I birdied six of my last seven to win by one shot and took his money, so that was pretty cool," Ruffels said with a laugh.
Mickelson - who reportedly earns more than $40 million annually - was quite upset with Ruffels for going public about their bet. Prior to the Farmer's Insurance Open on Wednesday, Mickelson had this to say of Ruffels:

(Reporting by Svea Herbst-Bayliss; Editing by Cynthia Osterman)
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Ryan Ruffels, an up-and-coming Australian golfer who recently decided to turn pro instead of going to college, infuriated Mickelson when he told the media about a money-match practice round he played against Mickelson. Here's Ruffels:
"We get on the first tee, it's pretty early in the morning and he says, 'I don't wake up this early to play for any less than $2500'," Ruffels recalled of a friendly offer made to him by Mickelson.

Investors saw outsized returns from initial public offerings, or IPOs, and attractive startups became must-haves.
But that started to change last year, and some tech companies began accepting lower valuations in order to go public.

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