Allen & Company Posts

Nextdoor Raises $18.6 Million

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Nextdoor is a San Francisco based startup company that runs social networks for over 3,500 neighborhoods across the country.  Nextdoor has raised $18.6 million in financing from investors such as Benchmark Capital, DAG Ventures, Greylock Partners, Shasta Ventures, Allen & Company and Pinnacle Ventures.

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Evernote Raises $70 Million At A $1 Billion Valuation

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Evernote has raised a $70 million Series D round of funding at a $1 billion valuation. Meritech Capital and CBC Capital lead the round because these companies could eventually help the company go public. Evernote did not even need this round of funding because a lot of the $96 million that they have raised from the previous round is still left over in their bank account, plus they have one million paying customers out of their 25 million users.
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AVG Files For Proposed IPO

AVG, the software company that was founded in 1991 and is known for their anti-virus software, has announced that they have filed a Registration Statement on Form F-1 with the U.S. SEC in connection with a proposed IPO of their ordinary shares. AVG will sell on the New York Stock Exchange with the symbol “AVG.” Morgan Stanley, JP Morgan, and Goldman Sachs will be running the books on the IPO. Co-managers for the IPO include Allen & Company and JMP Securities.

TaskRabbit Raises $17.8 Million In Series B

TaskRabbit is a Bay Area based startup company that helps you find personal assistants for having your house cleaned, running errands, building IKEA furniture, delivering groceries, etc. Former Disney CEO Michael Eisner is joining TaskRabbit’s board of directors as a strategic adviser.
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Microsoft and Silver Lake Submitting A Plan To Buy Minority Stake In Yahoo!

A consortium of investors that are being led by Microsoft Corporation (NASDAQ:MSFT) and Silver Lake are submitting a plan to buy a minority stake in Yahoo! Inc. (NASDAQ:YHOO). TPG Capital is another company that will be making a proposal for Yahoo! Both of these proposals would lead to taking a stake of around 20% of the company.
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Leaked Memo From Yahoo! Indicates Company Hired Allen & Co. For Acquisition Help

Yahoo! Inc. (NASDAQ:YHOO) recently fired CEO Carol Bartz. To explain the decision made by the board, Yahoo! co-founder Jerry Yang sent out a memo to employees explaining what has been happening at the company. The memo indicates that Yahoo! hired Allen & Company to field “inquiries from multiple parties that have already expressed interest in a number of potential options.” Below is the memo:
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Rumor: Ning Being Shopped Around For $150 Million

Ning has recently been shopping around themselves for roughly $150 million according to sources with AllThingsD. Ning, co-founded by Marc Andreessen, gave a pitch to Google, Groupon, and several private equity companies.
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Beyond Oblivion Raises $77 Million In Round Led By New Corp

Beyond Oblivion has raised $77 million in funding in a round led by News Corp and Wellcome Trust. Beyond Oblivion is a digital music discovery service that launched in 2011.
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