Pulse2 Technology and Social Media News » Ted Leonsis

How Much Groupon Executives and Investors Made From The IPO

Amit Chowdhry — Sat, 05 Nov 2011 20:57:39 +0000

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:

Ted Leonsis – Former AOL Vice Chairman – Made $48.27 million from 1,848,770 shares owned
Brian Totty – Groupon SVP of Engineering – Made $16.31 million from 624,786 shares ownde
Howard Schultz – Starbucks CEO/Groupon board member – Made $49.59 million from 1,899,336 shares owned
Kenneth M. Pelletier – Former Groupon CTO – Made $70.47 million from 2,698,944 shares owned
Robert S. Solomon – Former Groupon President and COO – Made $105.88 million from 4,055,000 shares owned
Andreessen Horowitz – VC Firm – Invested $40 million, Earned $132.2 million, Gain of $92.2 million
Maverick Fund – VC Firm – Invested $50 million, Earned $165.3 million, Gain of $115.3 million
Greylock Partners – VC Firm – Invested $65 million, Earned $214.9 million, Gain of $149.9 million
Kleiner Perkins Caufield & Byers – VC Firm – Invested $65 million, Earned $214.9 million, Gain of $149.9 million
Morgan Stanley – VC Firm – Invested $75 million, Earned $248 million, Gain of $173 million
T Rowe Price – Investment Firm – Invested $100 million, Earned $330.6 million, Gain of $230.6 million
Fidelity Investments – Investment Firm – Invested $100 million, Earned $330.6 million, Gain of $230.6 million
Battery Ventures – VC Firm – Invested $58 million, Earned $417.4 million, Gain of $359.4 million
Technology Crossover Ventures – VC Firm – Invested $150 million, Earned $459.9 million, Gain of $345.9 million
The Growth Fund of America – Fund – Invested $175 million, Earned $578.6 million, Gain of $403.6 million
Accel Partners – Invested $20 million, Earned $866.96 million, Gain of $856.96 million
Digital Sky Technologies – Invested $151 million, Earned $1.11 billion, Gain of $959 million
The European Founders Fund – Earned $1.02 billion based on 6.2% ownership in Groupon
Brad Keywell – Groupon Co-Founder – Earned $1.07 billion based on 6.5% ownership
Andrew Mason – Groupon CEO – Earned $1.2 billion based on 7.3% ownership
New Enterprise Associates – VC Firm – Invested $14.8 million, Earned $2.28 billion, Gain of $2.26 billion
Eric Lefkofsky – Groupon Co-Founder – Gained $1.67 billion based on over 10% ownership of the company
Elizabeth Lefkofsky – Wife of Eric – Gained $1.67 billion based on over 10% ownership of the company

Groupon Vice Chairman Ted Leonsis May Have Conflict Of Interest

Amit Chowdhry — Tue, 14 Jun 2011 17:23:52 +0000

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.

Leonsis has been serving as a director at Groupon since June 2009 and became a vice chairman in April 2011. Leonsis also serves as a partner at Revolution Growth. Revolution Growth is an investment company run by AOL co-founder Steve Case. Revolution Growth has stake in LivingSocial as well. Leonsis’ involvement in Groupon and LivingSocial may be questioned since Groupon recently filed to go public.

[BusinessWeek]

Clearspring Technologies Raises $20 Million Led By IVP

Amit Chowdhry — Wed, 11 May 2011 20:01:41 +0000

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]

Steve Case and Ted Leonsis Raising $400 Million As Part Of Revolution Growth Equity Fund

Amit Chowdhry — Mon, 14 Mar 2011 12:32:49 +0000

AOL co-founder and former CEO Steve Case and Revolution Money Chairman Ted Leonsis is raising a $400 million growth equity fund. Both were top execs at AOL in the 1990s and now they are making pitches in New York for a new investment vehicle called Revolution Growth. Revolution Growth will be a part of Steve Case’s company called Revolution. Former AOL executive Donn Davis will be the third partner in Revolution Growth. [AllThingsD]

Online Video Documentary Company SnagFilms Raises $10 Million

Amit Chowdhry — Mon, 17 Jan 2011 02:57:02 +0000

SnagFilms is an online documentary video streaming service that was founded in 2008 by Ted Leonsis. SnagFilms has raised $10 million in funding from New Enterprise Associates, Comcast Interactive Capital, and Steve Case. SnagFilms will use the funding to expand their videos into fiction and to distribute their movies on more platforms.

New Enterprise Associates and Leonsis also have something else in common. The VC firm and he both have invested in Groupon. NEA general partner Peter Barris and Leonsis have board seats in Groupon. SnagFilms currently have 2,000 non-fiction titles that are distributed through ad-support streaming and a pay-per-view option through Comcast. They also sell rentals through YouTube and iTunes. SnagFilms videos are featured in the Starbucks Digital Network.

Steve Case’s Revolution Money Raises $42 Million

Amit Chowdhry — Tue, 07 Apr 2009 07:05:34 +0000

AOL co-founder Steve Case has come a long way since his days as running the dial-up giant. Case was started in 2007 as a payment network. Revolution Money is based in St. Petersburg, Florida. Today the company announced a $42 million round of funding. The Series C round was led by Goldman Sachs. Other investors that participated included Steve Case, Citigroup, Morgan Stanley, former AOL Vice Chairman Ted Leonsis, former Charles Schwab CEO David Pottruck, and JP Morgan Chairman David Golden.

The company previously raised $50 million Series B in September 2007. Thus far Revolution Money raised $92 million.

The idea behind Revolution Money is to lower credit card charges and other payment transfers. Merchants are charged an 0.5% transaction fee.

“It’s a vote of confidence from the insiders and we were able to bring in this affiliate of Goldman [a new investor],” stated Leonsis. “It’s such a big opportunity and big play. There hasn’t been a new entrant since PayPal, which was about a dozen years ago.”

Revolution Money’s two products are called RevolutionCard and RevolutionMoneyExchange. RevolutionCard is a credit card that charges the 0.5% per transaction which is compared to the 1.5% to 4% fee normally charged to traditional companies.

Revolution MoneyExchange is a P2P payment system that allows users to exchange money for free. MoneyExchange has about 400,000 registered users since the service started.

[via WSJ]