Ted Leonsis Posts

CustomInk Raises $40 Million In Funding

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CustomInk is an online clothing company that has raised $40 million in funding from Revolution Growth, the investment fund created by Steve Case, Ted Leonsis, and Donn Davis. Leonsis will be joining CustomInk’s board of directors.

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Groupon Inc (GRPN) Reports $609 Million In Revenues, Names Eric Lefkofsky As Permanent CEO

Groupon Inc (NASDAQ:GRPN) has named co-founder and interim CEO Eric Lefkofsky as the permanent chief executive at the company.  Lefkofsky was made co-CEO with Ted Leonsis after Andrew Mason was fired.  Leonsis will be made the chairman of the company.
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Revolution Growth Invests $40 Million In Bigcommerce

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Revolution Growth is an investment firm that was founded by former America Online executives Steve Case and Ted Leonsis.  The venture firm has just made their largest investment thus far.  The company has put $40 million in the form of a Series C round into Bigcommerce.  Bigcommerce is an e-commerce company that helps small businesses set up an online store.  Bigcommerce has raised a total of $75 million so far.

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SocialRadar Raises $12.75 Million In Series A Funding

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SocialRadar is a a company that has the ability to pair location technology built into smartphones with information in online profiles too.  A beta version of the application is coming to the iPhone this summer and it will be followed by apps for Android and Google Glass shortly after.
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Groupon Co-CEOs Leonsis and Lefkofsky To Get A Combined Salary Of $410,000

Towards the end of February, Groupon CEO Andrew Mason was fired.  Groupon recently filed an 8-K form with the SEC to disclose how much that Mason’s replacements will be making.  Groupon co-CEOs Eric Lefkofsky and Ted Leonsis will make a combined $410,000 salary.  Lefkofsky will receive $200,000 and Leonsis will receive $210,000 on an annual basis.  If a replacement CEO is found, then they will receive a portion of that salary.

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How Much Groupon Executives and Investors Made From The IPO

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:
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Groupon Vice Chairman Ted Leonsis May Have Conflict Of Interest

Ted Leonsis is a former AOL executive that owns the NBA Washington Wizards. Leonsis is currently a Vice Chairman at Groupon Inc., but he is also an investor in competitor LivingSocial. Leonsis also has ties to LivingSocial’s board of directors. This could be a major conflict of interest.
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Clearspring Technologies Raises $20 Million Led By IVP

Clearspring Technologies is the parent company of AddThis, a widget that enables website visitors to share content. Clearspring has raised $20 million in a fourth round of funding, led by Institutional Venture Partners. Former AOL executive and director Ted Leonsis is the company’s chairman and Hooman Radfar is CEO. AddThis is installed on over 9 million websites and is used over 1 billion times per month. [MarketWire]