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 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:

Riley Kennysmith | August 3, 2011 | 522 views | Add a Comment
Categorized under Accel Partners, Storm8, TeamLava, Technology Crossover Ventures

Mobile gaming development company Storm8 has, according to TechCrunch‘s sources, raised about $300 million in funding. At a rumored $1 billion valuation, possible investors include Accel Partners and Technology Crossover Ventures. Storm8′s games include iMobsters and TeamLava’s Restaurant Story, Farm Story and more. The company boasts more than 210 million downloads.
Amit Chowdhry | April 26, 2011 | 554 views | Add a Comment
Categorized under Battery Ventures, ExactTarget, Greenspring Associates, Scale Venture Partners, Technology Crossover Ventures

ExactTarget has raised $30 million in a new round of funding to fund acquisitions and to expand operations. ExactTarget is an e-mail marketing company that acquired CoTweet in 2009. ExactTarget raised $70 million in May 2009. ExactTarget’s revenues increased 41% to $134 million in 2010. ExactTarget was initially planning on going IPO in late 2007, but decided to raise funding instead. The latest round of funding was led by Technology Crossover Ventures. Battery Ventures, Scale Venture Partners, and Greenspring Associates also participated in this round. [paidContent]
Amit Chowdhry | April 19, 2011 | 1,001 views | Add a Comment
Categorized under Benchmark Capital, Legg Mason, Legg Mason Inc, PAR Capital Management, Technology Crossover Ventures, Zillow

Real estate search engine company Zillow.com has filed an S-1, which means that the company is going public on the stock market. Zillow is aiming to raise $51.75 million. Currently this is a placeholder amount and is subject to change.

Amit Chowdhry | February 20, 2011 | 863 views | Add a Comment
Categorized under Austin Ventures, Deutsche Bank, Goldman Sachs Group Inc., Goldman-Sachs, HomeAway, Institutional Venture Partners, IVP, JPMorgan, JPMorgan Chase and Co., Morgan Stanley, Redpoint Venture Partners, Redpoint Ventures, Technology Crossover Ventures

HomeAway.com is in talks with several banks about a $300 million IPO according to BusinessWeek sources. The banks that HomeAway is talking to include Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., and Goldman Sachs.

Amit Chowdhry | January 10, 2011 | 1,511 views | 2 Comments
Categorized under Accel Partners, Allen & Company, Andreessen Horowitz, Battery Ventures, Ben Horowitz, Digital Sky Technologies, DST, Greylock Partners, Groupon, Kleiner Perkins, Kleiner Perkins Caufield & Byers, Mail.ru, Marc Andreessen, Maverick Capital, New Enterprise Associates, Silver Lake, Technology Crossover Ventures

Group coupon service Groupon.com has completed its $950 million series G round of funding. The best part is the press release title: “Groupon Raises, Like, A Billion Dollars.” I’ve pasted the press release below. The investors in this round include Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake, and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor. The previous funding rounds was led by New Enterprise Associates, Accel Partners, and Mail.ru Group (formerly DST).

Amit Chowdhry | November 22, 2010 | 667 views | Add a Comment
Categorized under Accel Partners, Andreessen Horowitz, Facebook, Technology Crossover Ventures

Accel Partners has sold “very significant chunks” of their stake in Facebook. It turns out the buyers bought the stake based on a $34 billion valuation. The amount sold adds up to less than 20% of Accel’s total stake. Although the buyers are not confirmed, rumor has it that Technology Crossover Ventures bought $200 million worth of shares and Andreessen Horowitz bought $80 million worth. Accel put in $12.7 million in Facebook’s first round of funding. [VentureBeat]