From the monthly archives:

April 2010

Groupon Raises $135MM From DST At $1.3 Billion Valuation

April 19, 2010

Share DST (Digital Sky Technologies) just invested $135 million into social commerce service Groupon. Like their previous investments in Facebook and Zynga, most of the capital provided by DST will be used to buyback equity from Groupon’s 90+ employees as well as their early investors.  Interestingly, Groupon has only been in business for 18 months.  [...]

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Foursquare, Take Your “Fuck You” Money

April 19, 2010

Share Today Micheal Arrington wrote a post directed to the Foursquare team asking them not to sell out.  My advice to the Foursquare team, take your ‘fuck you’ money off the table.  At the end of the day, founders build companies to create shareholder value and return profits to their investors, employees and co-founders.  Whether [...]

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Arrington Is Dead Wrong About Facebook’s “Bubble Like” Price

April 17, 2010

Share The last month has seen a dramatic 40% increase in the price of Facebook shares on the private market to $50 a share, reflecting a $25 billion market cap.  In a TechCrunch blog post earlier this week, Michael Arrington wrote about this price rise and cited the “tightening supply” as a partial explanation for [...]

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Facebook Shares Keep Rising – Now $50 Per Share on SecondMarket

April 14, 2010

Share Facebook shares are now being sold above $50/share, according to a TechCrunch article. That puts a valuation at around $22.5 billion. Michael Arrington believes that part of the quick rise in the Facebook share price (100% jump since January), is due to a tightening supply. Rumors have been circulating that current Facebook employees are [...]

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New Exit Door Opening

April 14, 2010

Share The National Venture Capital Association recently released data highlighting that Q1 2010 VC fund raising dropped 31% from Q1 2009, to $3.6 billion.  Upon reviewing the data, technology blog TechCrunch wrote that “Until exits pick up again, investors will remain cautious on venture capital as an asset class.”  First, let’s take a look at the [...]

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The Birthing of a Market

April 12, 2010

Share Writing about the social media revolution is so exciting because its changing the world, and that change is happening at a remarkably fast pace.  Another sea change occurring right before our eyes is the emergence of a secondary market for the shares in the companies driving the revolution.  Like Michael Milken at Drexel helped [...]

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China’s Tencent To Invest $300 Million into DST (Russian Facebook Investor)

April 12, 2010

Share Russia’s Digital Sky Technologies (DST) has announced that China’s leading social gaming company, Tencent Holdings (0700.HK) has invested $300 million into DST. Tencent will receive 0.51 percent of the voting rights in DST, which will be paid in cash, and give Tencent approximately a 10.26% economic interest in DST upon completion of the transaction [...]

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Facebook Stock Rises $4.5B In One Month On Secondary Market

April 8, 2010

Share Last Wednesday I wrote about some inconsistencies that I saw on ShareharesPost surrounding the LinkedIn valuation.  In that post I had mentioned their current valuation of Facebook at $11.96B, up from their June 2009 $4-6B valuation. Today in an email newsletter, SharesPost provided a new Facebook valuation of $13.41B.  That’s an amazing jump in [...]

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Zynga $5 Billion Valuation: BUY – Early Leader in Social Gaming is Printing Money

April 6, 2010

Share Current trading price in private market: $9    Price Target:   $15.75 (Download Full Report Here – PDF) Investment Conclusions: Zynga is the clear leader in social gaming.  It is well positioned to build on its pool of 237 million monthly players, increase monetization of its user base, and generate significant levels of free cash flow. [...]

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