Amit Chowdhry | November 22, 2011 | 265 views | Add a Comment
Categorized under Netflix, T. Rowe Price, Technology Crossover Ventures

Netflix, Inc. (NASDAQ:NFLX) was trading at $300 per share five months ago and it is now trading at less than $75. The company is now planning on raising $400 million to fund their new content investments. Netflix will be raising $400 million by selling $200 million in zero coupon convertible notes to Technology Crossover Ventures and $200 million worth of stock to T. Rowe Price. But the problem is that the Netflix is going to lose money next year as well. Netflix had this information in the prospectus for the stock portion of its stock and convertible bond offerings.

Amit Chowdhry | November 21, 2011 | 342 views | Add a Comment
Categorized under Amazon, Amazon.com, JP Morgan Asset Management, LivingSocial, T. Rowe Price

This past September, I wrote about how LivingSocial was expected to raise $200 million in funding instead of going the IPO route for now. This week the company is expected to confirm the investment as provided by JP Morgan Asset Management, Amazon.com, and T.Rowe Price. This would put LivingSocial’s valuation at between $5 and $6 billion. LivingSocial is also expected to receive a $100 million revolving credit facility from JP Morgan that would allow them to draw funds without singing for a loan each time. [NYT]
Amit Chowdhry | November 5, 2011 | 725 views | Add a Comment
Categorized under Accel Partners, Andreessen Horowitz, Andrew Mason, Battery Ventures, Brad Keywell, Brian Totty, Digital Sky Technologies, Elizabeth Lefkofsky, Eric Lefkofsky, Fidelity Investments, Greylock Partners, Groupon, Groupon.com, Howard Schultz, Kenneth M. Pelletier, Kleiner Perkins, Kleiner Perkins Caufield & Byers, Maverick Fund, Morgan Stanley, New Enterprise Associates, Robert Solomon, T. Rowe Price, Technology Crossover Ventures, Ted Leonsis, The European Founders Fund, The Growth Fund of America

Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:

Amit Chowdhry | April 16, 2011 | 2,598 views | 1 Comment
Categorized under Angie's List, Facebook, Groupon, Ning, T. Rowe Price, Twitter, Youku, Zynga
T. Rowe Price Group, Inc. (NASDAQ:TROW) has revealed some of their investments in social media companies. They have invested a total of $190.5 million in Facebook as of the end of March. The company also invested $71.8 million in Zynga and $86.8 million in Groupon. Two years ago T. Rowe participated in a $100 million round in Twitter along with Insight Venture Partners, Benchmark Capital, and Morgan Stanley. Other investments include $10 million worth of equity in Ning, $35 million equity in Angie’s List, and $114 million equity in YouKu.com. [NYT]
Amit Chowdhry | April 5, 2011 | 812 views | 1 Comment
Categorized under Amazon, Amazon.com, Institutional Venture Partners, IVP, Lightspeed Venture Partners, Lightspeed Ventures, LivingSocial, T. Rowe Price, Tim O'Shaughnessy

Less than four months ago LivingSocial raised $175 million from Amazon.com and now they have raised an additional $400 million. The investors in this round include Amazon.com, Lightspeed Venture Partners, T. Rowe Price, and Institutional Venture Partners (IVP). This puts LivingSocial at a $3 billion valuation.

Amit Chowdhry | January 7, 2011 | 860 views | Add a Comment
Categorized under Capital Group, Digital Sky Technologies, DST, Fidelity Investments, Groupon, Morgan Stanley, T. Rowe Price

Last month a document revealed that Groupon.com had plans to raise $950 million in Series G. So far the company has raised half of that amount. Investors in this round include DST Global, T. Rowe Price, Fidelity, Capital Group, and Morgan Stanley. This investment gives Groupon a $4.75 billion valuation. This is $1.25 billion less than what Google offered to buy them out at. [AllThingsD]
Amit Chowdhry | December 31, 2010 | 694 views | Add a Comment
Categorized under Digital Sky Technologies, DST, Fidelity Investments, Google, Groupon, Morgan Stanley, T. Rowe Price

Group coupon service Groupon.com has raised $500 million in venture capital funding. After turning down a $6 billion offer from Google Inc. (NASDAQ:GOOG), the company decided to file for permission to raise $950 million in Series G.

Amit Chowdhry | September 24, 2009 | 1,089 views | Add a Comment
Categorized under Insight Venture Partners, Institutional Venture Partners, IVP, T. Rowe Price, Twitter

Micro-blogging company Twitter.com is rumored to be closing a deal worth $100 million in venture funding. The rumor is according to a Wall Street Journal source. The investors involved are T. Rowe Price, Insight Venture Partners, Spark Capital, and Institutional Venture Partners (IVP). This is double the rumor that a TechCrunch source predicted earlier this month.
Spark Capital and IVP are previous investors in Twitter. In Twitter’s last round of funding, their valuation was $255 million. At an additional $100 million round of funding, the company is expected to be valuated beyond $1 billion. Despite the valuation Twitter has, the company does not have any substantial revenue model. But as we have learned from YouTube’s acquisition, that really doesn’t matter. YouTube was burning through VC funding before Google bought them out.
How many users does Twitter have? The company expects to have 25 million users by the end of this year. Twitter rival Facebook.com has about 300 million users. At one point Facebook made an offer to buy out Twitter for $500 million, $100 million in cash and $400 million in stock options. Rather than buying out Twitter, Facebook bought out FriendFeed.