DOCSLIB.ORG

How Private Investors Can Invest in Pre-Ipo Companies

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
How Private Investors Can Invest in Pre-Ipo Companies MAINTM Webinar Series HOW PRIVATE INVESTORS CAN INVEST IN PRE-IPO COMPANIES October 18, 2016 Webinar Overview Moderator: Presenter: Meg Zwick SVP, Director of Alternative Kaylock Yam Custody Services Distribution Lead Millennium Trust Company and EquityZen are not affiliated. Millennium Trust does not endorse any platform or investment, including platforms and investments accessible through MAIN. Millennium Trust performs the duties of a custodian and, as such, does not provide any investment, tax or legal advice, or perform any due diligence on behalf of account holders or any third party. How Private Investors Can Invest in Pre-IPO Companies Agenda • Public vs. private markets • Institutional private investing experience • Democratizing pre-IPO investment access via technology o Research and monitor potential investments o Secure and transparent transaction structures October 2016 CONFIDENTIAL 4 Public vs. private markets Investment returns are increasingly generated in the private market. October 2016 CONFIDENTIAL 5 Shift from public to private markets The shift from IPO to late-stage funding has caused returns to move from public to private investors. Source: Andreessen Horowitz October 2016 CONFIDENTIAL 6 Institutional private investing experience Access to private markets has been limited to institutional investors. October 2016 CONFIDENTIAL 7 Private investing experience – Venture Capital Fund Avg. Net IRR Previous Investments Current Investments 52% Etsy, Twitter, Tumblr Foursquare, Duolingo, MongoDB 49% Etsy, Facebook, Groupon Cloudera, Dropbox, Hotel Tonight 41% Apple, Google, Oracle Instacart, Airbnb, Stripe 41% Nest, Facebook, Groupon Square, Jawbone, Spotify 38% Nest, GrubHub, DoubleClick Bonobos, Outbrain, Nutanix 35% Twitter, Tumblr, OculusVR Foursquare, Slack, WealthFront 34% ExactTarget, Groupon, Wayfair HotelTonight, Nutanix, Practice Fusion 30% Netflix, Twitter, Zynga AppDynamics, Dropbox, Prosper 26% Facebook, Groupon, Netflix Spotify, Dollar Shave Club 23% Twitter, Tumblr, Yext Indiegogo, Hootsuite, Qualtrics Sources: Preqin and Pension returns (CalPERS, OPERF, UTIMCO) Note: Past performance does not guarantee future results. October 2016 CONFIDENTIAL 8 Private investing experience – Endowments and Foundations Source: Cambridge Associates Note: Past performance does not guarantee future results. October 2016 CONFIDENTIAL 9 Historical limitations for individual investors • High investment minimums ($1M+) • Difficult to access private funds o High investor fees (management and performance fees, including carried interest) o Exclusive availability for pre-existing investors • Broader market inefficiencies o Relationship-driven market o Lack of available research o Inability to customize investment selection October 2016 CONFIDENTIAL 10 Democratizing pre-IPO investment access via technology pre-IPO investing for private investors October 2016 CONFIDENTIAL 11 EquityZen Overview EquityZen is a technology platform to invest easily and securely in pre-IPO companies • Shares purchased from pre-existing shareholders (via secondary transactions) • Opportunity to invest in companies before they IPO or get acquired • All transactions are company-approved • Paperless transaction process • Minimum investment: $20,000 • SEC, FINRA registered October 2016 CONFIDENTIAL 12 How does EquityZen get shares of pre-IPO companies? Shareholder Content + Marketing Company-Friendly Approach • All transactions are company-approved • EquityZen Liquidity Manager • Online deal-room for companies • Stores a full audit trail of transactions • Includes share price history for all previous transactions October 2016 CONFIDENTIAL 13 Sourcing advantage through EquityZen’s platform Recently transacted deals on platform Valuation: $5.5bn Valuation: $800m Opens door to further sourcing via follow-on Valuation: $2.1bn Valuation: $2.2bn transactions Valuation: $5.9bn Valuation: $700m $30M+ transacted in 45+ companies 4,500+ shareholders already on EquityZen platform October 2016 CONFIDENTIAL 14 Research and monitor potential pre-IPO investments How can an investor keep track of 177 Unicorns? Source: CB Insights October 2016 CONFIDENTIAL 15 EquityZen has a tool to research and compare private companies EZ Advantage allows investors to filter companies by sector, VCs, funding, and other factors… …and select companies to compare October 2016 CONFIDENTIAL 16 EZ Advantage: company comparison A side-by-side summary and one-click “Add to Watchlist” to easily monitor potential investment opportunities October 2016 CONFIDENTIAL 17 Secure and transparent transaction structures EquityZen has devoted significant time and resources to ensure full compliance. October 2016 CONFIDENTIAL 18 Secure and transparent transaction structures Traditional share transfers • Company-approved • Investors are members of an LLC that owns the shares until a liquidity event (IPO or acquisition) October 2016 CONFIDENTIAL 19 Established partners and compliant operations Compliance Supervision & Insurance Counsel Fund Administration Cash Management Auditor October 2016 CONFIDENTIAL 20 A differentiated asset class The pre-IPO secondary market continues to grow… fast. October 2016 CONFIDENTIAL 21 A growing asset class that is increasingly accessible Secondary transaction volumes in private companies have been increasing (1) (billions; includes LP transactions) $35.0 $30.0 $30.0 $25.0 $20.0 $15.0 $12.4 $9.3 $10.0 $8.2 $5.7 $4.6 $5.0 $3.0 $2.4 $0.3 $0.5 $0.6 $0.9 $1.3 $0.0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Addressable market for 177 largest VC-backed companies is $150 billion Total valuation of 177 Employee + Founder Available Addressable $1BN+ VC-backed firms ownership Investor Supply market $629 billion (2) est.15% est.10% ~$150 billion Source: (1) NYPPEX, (2) CB Insights October 2016 CONFIDENTIAL 22 EquityZen’s team and management • Founded: 2013 • Received funding from: 500 Startups, WorldQuant, sovereign wealth funds, family offices, wealth managers, and executives from Finance, Venture, and Law around the world • EquityZen Securities LLC is a SEC-registered broker-dealer and FINRA member Atish Davda Founder, CEO Phil Haslett Founder, Head of Investments • Former VP of Product at Ampush, grew from 1st • Former VP at Pomelo Capital ($350M hedge fund) employee to $30M revenue business • Previously at Barclays Capital (Proprietary Trading) • Previously investment analyst at • Series 7, 24, 66 and 79 certified AQR Capital Management Shriram Bhashyam Founder, Head of Legal Affairs Kaylock Yam, CAIA Distribution Lead • • Former attorney at Shearman & Sterling focused on Former Executive Director and Key Accounts manager securities and Broker-Dealer regulation at Arden Asset Management • • Series 7, 24 and 66 certified Built distribution for private and registered multi- manager hedge fund products • Series 7 and 63 certified October 2016 CONFIDENTIAL 23 Press coverage “Individual Investors like you and me have been shut out. Until now…” “This isn’t another one of those crowdfunding platforms that have been emerging over the market recently. Instead this is a quick way for investors to invest in startups.” “Secondary markets today are broken … EquityZen, by contrast, is designed with the company in mind, giving it control over who gets to sell equity, how much, and when.” October 2016 CONFIDENTIAL 24 Visit us at: www.equityzen.com/lp/mtinvestor ABOUT MILLENNIUM TRUST COMPANY • Privately-owned independent custodian located in Oak Brook, IL • Over 481,000 client accounts • $19.6 billion of assets under custody • $2.5 million in expanded FDIC coverage provided by multiple banks in a Cash Sweep Program for idle cash in retirement accounts • Regulated by the Illinois Department of Financial & Professional Regulation WHY CHOOSE MILLENNIUM TRUST Client Technology Focused Enabled Streamlined Account Processes Management Tools Expanded 27 Custody Solutions MILLENNIUM ALTERNATIVE INVESTMENT NETWORK TM (MAIN) Marketplace Lending Private Equity Platforms Crowdfunding and Precious Metals Portals Hedge Funds Other SOURCE: Millennium Trust Company, Schematic Illustration Millennium Trust does not endorse any platform or investment, including platforms and investments accessible through MAIN. Millennium Trust performs the duties of a custodian and, as such, does not provide any investment, tax or legal advice, or perform any due diligence on behalf of account holders or any third party. 28 Question & Answer Session MAIN WEBINAR SERIES Tuesday, November 15 3:00 p.m. CT MarketplacePresented Lending by: Street Shares Private Equity Platforms and Precious Metals Portals Hedge Funds Other CLICK TO EDIT MASTER TITLE STYLE Thank you for attending! www.mtrustcompany.com www.equityzen.com 866-388-9419 800-936-7943 .
Load more

Recommended publications
  • Chinese Internet Companies and Their Quest for Globalization
    International Conference on Information, Business and Education Technology (ICIBIT 2013) Chinese Internet Companies and Their Quest for Globalization Harlan D. Whatley1 1Swiss Management Center, Zurich, Switzerland Abstract players in the technology market (Sun, 2009). Chinese internet companies have seen an This qualitative research paper unprecedented growth over the past explores the quest for globalization of decade. However, very few are two successful Chinese internet recognized brands outside of China while companies: Baidu and Tencent Holdings. some seek to develop their brands in In this case study, the focus is on the foreign markets. This paper analyzes the marketing strategies of these expanding marketing strategies of two internet multinational enterprises and the companies: Baidu and Tencent and their challenges they face to become quest for globalization. recognized as global brands. All of the firms in this study were founded as Keywords: Baidu, Tencent, internet, private enterprises with no ownership ties branding, marketing, globalization, China to the Chinese government. Furthermore, an analysis of the countries and markets 1. Introduction targeted by the firms is included in the study. In addition to a review of the Innovation efforts by technology current academic literature, interviews companies in China are driven by adding were conducted with marketing and significant value to imported foreign strategy professionals from the technologies or by developing new perspective firms as well as journalists products to satisfy specific domestic that closely follow Chinese internet firms demands (Li, Chen & Shapiro, 2010). and the technology sector. This study on Firms in the emerging market of China do the globalization of Chinese internet not possess the R&D resources that their firms will contribute to marketing developed Western counterparts have.
    [Show full text]
  • Ebay Response to Carl Icahn
    February 24, 2014 eBay Inc. Responds to Carl Icahn's Feb. 24 Open Letter to Stockholders SAN JOSE, Calif.--(BUSINESS WIRE)-- New eBay shareholder Carl Icahn has cherry-picked old news clips and anecdotes out of context to attack the integrity of two of the most respected, accomplished and value-driven technology leaders in Silicon Valley. Marc Andreessen and Scott Cook bring extraordinary insight, expertise and leadership to eBay's board, which is scrupulous in its governance practices and fully transparent with regard to its directors' other affiliations and businesses. And eBay Inc. President and CEO John Donahoe is widely respected for his turnaround of eBay and leadership of the company over the past six years. As we are sure our other shareholders would agree, we prefer to engage in more constructive and substantive discussions of why, in our view, PayPal and eBay are better together. Instead, Mr. Icahn unfortunately has resorted to mudslinging attacks against two impeccably qualified directors. Mr. Icahn has nominated two of his employees to eBay's board. As we have said, the board's nominating committee will review the nominations of his employees in due course. Even if our board does not support the nominations, ultimately shareholders will decide whether they believe Mr. Icahn's employees are better qualified than directors such as Mr. Cook (Mr. Andreessen is not up for re-election this year) to sit on the board of a leading technology company. The board has been clear in its view that shareholders are best served by keeping PayPal part of eBay. The board regularly assesses all strategic options for the company; should circumstances change the board is entirely capable of evaluating alternatives for optimizing shareholder value.
    [Show full text]
  • August 4, 2021 the Honorable Charles
    August 4, 2021 The Honorable Charles Schumer The Honorable Mitch McConnell Majority Leader Republican Leader United States Senate United States Senate Washington, D.C. 20510 Washington, D.C. 20510 Dear Majority Leader Schumer and Minority Leader McConnell, We’re writing to express support for the bipartisan amendment to the infrastructure bill offered by Senator Wyden, Senator Lummis, and Senator Toomey. We share the Senators’ concern that the existing provision regarding the taxation of cryptocurrency transactions is overly broad and will sweep in non-intermediaries, such as network validators and software developers, and would stifle innovation by imposing what would be an unworkable reporting requirement on those groups. The infrastructure bill is too important to be left vulnerable to future legal challenges based on the text as currently written. This bipartisan amendment is the right solution to address these concerns in a simple way. As the leaders of the largest crypto venture fund, we are encouraged by the government’s recognition that this emerging sector is here to stay and is only growing. For diverse constituencies – from musicians, artists, and other creators to small business owners and those left out of the traditional financial system – there is so much untapped potential in crypto and blockchain. A proper regulatory strategy needs to reflect one important fact: crypto is not a monolith. The crypto universe extends far beyond its financial origins, encompassing artwork, community development, and new ways of forming organizations. These use cases will only continue to grow as whole new economies are built on decentralized protocols, much like the internet was built on top of protocols like TCP/IP.
    [Show full text]
  • Complaint for Patent Infringement
    Case 1:16-cv-00122-LPS Document 1 Filed 03/02/16 Page 1 of 17 PageID #: 1 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE INTERNATIONAL BUSINESS MACHINES ) CORPORATION, ) ) Plaintiff, ) C.A. No. ________________ ) v. ) JURY TRIAL DEMANDED ) GROUPON, INC. ) ) Defendant. ) COMPLAINT FOR PATENT INFRINGEMENT Plaintiff International Business Machines Corporation (“IBM”), for its Complaint for Patent Infringement against Groupon, Inc. (“Groupon”) alleges as follows: INTRODUCTION 1. IBM is a world leader in technology and innovation. IBM spends billions of dollars each year on research and development, and those efforts have resulted in the issuance of more than 60,000 patents worldwide. Patents enjoy the same fundamental protections as real property. IBM, like any property owner, is entitled to insist that others respect its property and to demand payment from those who take it for their own use. Groupon has built its business model on the use of IBM’s patents. Moreover, despite IBM’s repeated attempts to negotiate, Groupon refuses to take a license, but continues to use IBM’s property. This lawsuit seeks to stop Groupon from continuing to use IBM’s intellectual property without authorization. NATURE OF THE CASE 2. This action arises under 35 U.S.C. § 271 for Groupon’s infringement of IBM’s United States Patent Nos. 5,796,967 (the “’967 patent”), 7,072,849 (the “’849 patent”), 5,961,601 (the “’601 patent”), and 7,631,346 (the “’346 patent”) (collectively the “Patents-In- Suit”). Case 1:16-cv-00122-LPS Document 1 Filed 03/02/16 Page 2 of 17 PageID #: 2 THE PARTIES 3.
    [Show full text]
  • Marc Andreessen on Why Software Is Eating the World
    Why Software Is Eating The World By MARC ANDREESSEN This week, Hewlett-Packard (where I am on the board) announced that it is exploring jettisoning its struggling PC business in favor of investing more heavily in software, where it sees better potential for growth. Meanwhile, Google plans to buy up the cell- phone handset maker Motorola Mobility. Both moves surprised the tech world. But both moves are also in line with a trend I've observed, one that makes me optimistic about the future growth of the American and world economies, despite the recent tur- moil in the stock market. In short, software is eating the world. More than 10 years after the peak of the 1990s dot-com bubble, a dozen or so new Inter- net companies like Facebook and Twitter are sparking controversy in Silicon Valley, due to their rapidly growing private market valuations, and even the occasional successful IPO. With scars from the heyday of Webvan and Pets.com still fresh in the investor psy- che, people are asking, "Isn't this just a dangerous new bubble?" I, along with others, have been arguing the other side of the case. (I am co-founder and general partner of venture capital firm Andreessen-Horowitz, which has invested in Facebook, Groupon, Skype, Twitter, Zynga, and Foursquare, among others. I am also personally an investor in LinkedIn.) We believe that many of the prominent new Inter- net companies are building real, high-growth, high-margin, highly defensible business- es. Today's stock market actually hates technology, as shown by all-time low price/earn- ings ratios for major public technology companies.
    [Show full text]
  • Apple , Amazon, Facebook,Generalelectric, Google, Groupon
    Apple , Amazon, Facebook,GeneralElectric, Google, Groupon, Intel,Microsoft,Twitter Zynga……………….. Brand element choice mix Roles that brands play Consumers Identification of source of product Assignmentof responsibility to product maker Risk reducer Search cost reducer Promise, bond, or pact with maker of product Signalof quality Roles that brands play Manufacturers Means of identification to simplify handling or tracing Meansof legally protecting unique features Signalof quality level to satisfiedcustomers Means of endowing products with unique associations Sourceof competitiveadvantage Source of financial returns Functionalrisk: The product does not perform up to expectations. Physical risk: The product poses a threat to the physical well-being or health of the user or others. Financial risk: The product is not worth the price paid. Social risk: The product results in embarrassment from others. Time risk: The failure of the product results in an opportunity cost of finding another satisfactory product. Psychological risk: The product affects the mental well-being of the user. Founded in 1998 by two Stanford University Ph.D. students, Google takes its name from a play on the word googol—the number 1 followed by 100 zeroes— a reference to the huge amount of data online. Google’sstated mission is “To organize the world’s information and make it universally accessible and useful.” The company has become the market leader in the search engine industry through its business focus and constant innovation. Its home page focuses on searches but also allows users to employ many other Google services. By focusing on plain text, avoiding pop-up ads, and using sophisticated search algorithms, Googleprovides fast and reliable service.
    [Show full text]
  • Table of Contents
    Table of Contents Rpt. 21255179 RUSSIAN ECOMMERCE: AT THE TIPPING POINT 2 - 19 06-Jan-2013 MORGAN STANLEY - HILL-WOOD, EDWARD, ET AL Rpt. 21172912 YANDEX NV 20 - 24 10-Dec-2012 RENAISSANCE CAPITAL (RUSSIA) - FERGUSON, DAVID, ET AL Rpt. 20990586 YANDEX NV 25 - 34 31-Oct-2012 OTKRITIE - VENGRANOVICH, ALEXANDER, ET AL Rpt. 20990750 YANDEX NV 35 - 48 31-Oct-2012 MORGAN STANLEY - HILL-WOOD, EDWARD, ET AL Rpt. 20986606 YANDEX NV 49 - 52 30-Oct-2012 JPMORGAN - GOGOLEV, ALEXEI, ET AL Rpt. 20988742 YANDEX NV 53 - 62 30-Oct-2012 DEUTSCHE BANK RESEARCH - SEMENOV, IGOR, ET AL Rpt. 20976882 URALSIB: THE RUSSIAN INFORMER, 29 OCTOBER 2012 63 - 79 29-Oct-2012 URALSIB - CHERNYSHEV, KONSTANTIN, ET AL Rpt. 20943399 YANDEX NV 80 - 92 24-Oct-2012 DEUTSCHE BANK RESEARCH - SEMENOV, IGOR, ET AL Rpt. 20864279 YANDEX NV 93 - 106 09-Oct-2012 MORGAN STANLEY - HILL-WOOD, EDWARD, ET AL Rpt. 20797687 YANDEX NV 107 - 125 20-Sep-2012 DEUTSCHE BANK RESEARCH - WALMSLEY, LLOYD, ET AL These reports were compiled using a product of Thomson Reuters www.thomsonreuters.com 1 MORGAN STANLEY RESEARCH EUROPE Happy 5th Birthday, Risk-Reward Morgan Stanley & Co. International Edward Hill-Wood plc+ Triangle! And it works. [email protected] +44 (0)20 7425 9224 Find out why... Morgan Stanley & Co. International Nicholas J Ashworth, CFA plc+ [email protected] +44 (0)20 7425 7770 Morgan Stanley & Co. International Maryia Berasneva January 6, 2013 plc+ [email protected] +44 (0)20 7425 7502 Morgan Stanley & Co. International Liz A Rich Industry View Russian eCommerce plc+ In-Line OOO Morgan Stanley Bank+ Polina Ugryumova, CFA At the Tipping Point We forecast the Russian eCommerce sector to grow Russian eCommerce: 44% CAGR 2012-14e 35% pa to 2015, reaching 4.5% of retail sales.
    [Show full text]
  • Social Enterprise and Investment Professionals: Sacrificing Financial Interests?
    Social Enterprise and Investment Professionals: Sacrificing Financial Interests? J. Haskell Murray CONTENTS INTRODUCTION ..................................................................................... 766 I. IMPACT INVESTING AND SOCIAL ENTERPRISE LEGAL FORMS .......... 767 A. Low-Profit Limited Liability Companies .................................... 767 B. Benefit Corporations, Public Benefit Corporations, and Benefit LLCs ................................................................................................. 769 C. Social Purpose Corporations ...................................................... 773 II. THE STATE OF SOCIAL INVESTING ................................................... 773 A. Impact Investing and ESG Factors .............................................. 774 B. Publicly Traded Social Enterprises ............................................. 775 C. Private, Outside Funding of Social Enterprises .......................... 776 III. ERISA AND ECONOMICALLY TARGETED INVESTMENTS ................ 778 A. ERISA Title I, Sections 403 and 404 ........................................... 778 B. Interpretive Bulletin of 1994 ....................................................... 778 C. Interpretive Bulletin of 2008 ....................................................... 779 D. Interpretive Bulletin of 2015 ....................................................... 780 IV. WALKING THE LINE: PROFIT AND PURPOSE ................................. 781 A. Economically Targeted Investments and ERISA .........................
    [Show full text]
  • Pande Vijay Satyanand Form 3 Filed 2021-06-09
    SECURITIES AND EXCHANGE COMMISSION FORM 3 Filing Date: 2021-06-09 | Period of Report: 2021-06-09 SEC Accession No. 0001628280-21-011909 (HTML Version on secdatabase.com) REPORTING OWNER Pande Vijay Satyanand Mailing Address 2865 SAND HILL ROAD, CIK:1840663 SUITE 101 Type: 3 | Act: 34 | File No.: 001-39434 | Film No.: 211006709 MENLO PARK CA 94025 ISSUER Nautilus Biotechnology, Inc. Mailing Address Business Address 425 PONTIUS AVE N, STE 425 PONTIUS AVE N, STE CIK:1808805| IRS No.: 000000000 | State of Incorp.:DE | Fiscal Year End: 1231 202 202 SIC: 6770 Blank checks SEATTLE WA 98109 SEATTLE WA 98109 206-333-2001 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND OMB APPROVAL FORM 3 OMB Number: 3235-0104 EXCHANGE COMMISSION Expires: 02/28/2011 Washington, D.C. 20549 Estimated average burden hours per response 0.5 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting Person * 2. Date of Event Requiring 3. Issuer Name and Ticker or Trading Symbol Statement (Month/Day/ Pande Vijay Satyanand Year) Nautilus Biotechnology, Inc. [NAUT] 06/09/2021 4. Relationship of Reporting Person(s) to Issuer 5. If Amendment, Date Original Filed (Last) (First) (Middle) (Check all applicable) (Month/Day/Year) __X__ Director _____ 10% Owner C/O NAUTILUS BIOTECHNOLOGY, _____ Officer (give title _____ Other (specify INC., 425 PONTIUS AVE N, STE 202 below) below) 6.
    [Show full text]
  • View/Download This Product's Brochure (PDF)
    Social, Mobility, Analytics and Cloud (SMAC): Market Opportunity Analysis and Forecasts 2015 - 2020 Product ID R-1504SMA | Research Report: 75 pages, published April 2015 o Single user license $1,995 o Team license $2,995 o Companywide license $4,995 Related Courses and Curricula Courses: Telecom for non-engineers Courses: Cloud Computing Report in a Nutshell The convergence of social media, mobile, analytics, and cloud (SMAC) is one of the most impactful trends for both consumer and enterprise realization within digital media, communications, applications, content, and commerce. Instead of implementing solutions separately SMAC encourages an organization to build and deploy integrated solutions wherein social/mobile adds connectedness and cloud/analytics make the organization more agile and responsive. This convergence also increases innovation to create new products, services, and customers. We predict that SMAC convergence will continue shaping the future enterprise, making them ready to adopt more end-to-end technology solutions. SMAC has changed the traditional work pattern of organization enabling internal and external customers to interact with enterprise and to become more informed decision maker. The SMAC solution market is predicted to generate considerable revenue through 2020 holding 80% of total enterprise IT investment. Individually, mobile related applications are going to contribute highest percentage of SMAC market. By way of example, IBM invested $4 billion last year and is expecting $40 billion in annual revenue by 2018. This research evaluates SMAC market from a 360 degree perspective such as overview of SMAC technology, its impact on both market and enterprise, the SMAC induced structure of post-digital Website: www.eogogics.com or www.gogics.com Tel.
    [Show full text]
  • Is Groupon (GRPN) Worth the $13.24 Billion the Market Is Currently Valuing It At?
    Is Groupon (GRPN) worth the $13.24 billion the market is currently valuing it at? On November 4th, 2011 Groupon raised $700 million in the largest IPO for a U.S. Internet-related firm since Google raised $1.66 billion in August 2004. Groupon finished the day up nearly 31% valuing the local e-commerce discount marketplace at $16.65 billion – more than Nordstrom ($10.7 billion) and The Hershey Company (13.91 billion). Today, many investors remain skeptical of Groupon’s valuation discounting its strategy for a glorified email directory and others believe Groupon is the market leader in a distributive technology that has been opportunistic in capturing a massive e-commerce market. We look forward to a collaborative discussion on the valuation of Groupon - Monday, February 30th at 7pm in N100 BCC! We have attached a few articles that we have selected to give us some common ground to become familiar with Groupon and differing perspectives on its valuation. This is simply a starting point we encourage everyone to research at least one additional source to add to the potential depth of our discussion. For those who are really motivated and ambitious the S-1 filing and prospectus are a great source of information as well! Articles: - “Groupon Therapy” (Vanity Fair, Lauren Etter) - “Groupon Gropes for Growth” (Barron’s, Andrew Bary) - “I Wouldn’t Touch Groupon’s Stock At The IPO Price With A 50-Foot Pole” (Business Insider, Henry Blodget) - “How to justify Groupon’s Valuation” (Reuters Opinion, Felix Salmon) Valuation Tool - Trefis (GRPN) Interview (Optional, But Insightful!) - “The Death-Stare Stylings of Groupon’s Andrew Mason: The Full D9 Interview (Video)” (All Things D, Kara Swisher) .
    [Show full text]
  • Amazon Invests $175M in Groupon Competitor 3 December 2010, by RACHEL METZ , AP Technology Writer
    Amazon invests $175M in Groupon competitor 3 December 2010, By RACHEL METZ , AP Technology Writer (AP) -- Amazon.com Inc. said Thursday that it was founded in 2007 and initially offered the social invested $175 million in social coupon service discovery Facebook app "Visual Bookshelf" and LivingSocial - the latest sign that the online retailer later another one called "PickYourFive." The is delving into promising new methods of e- company began rolling out daily deals in July 2009. commerce. So far, that more recent business venture seems to Similar to popular online coupon site Groupon, be working. Spokeswoman Korina Buhler said LivingSocial lets users sign up for daily discounts LivingSocial is booking, on average, more than $1 that are generally for 50 to 70 percent off at local million in revenue each day from its daily deals, and businesses like pizzerias and hair salons. If you expects to earn more than $100 million this year. refer three friends who end up buying the same The company is on track to book more than $500 deal, you get the deal for free. million in revenue from deals in 2011, she said. The investment comes as published reports say Amazon shares rose 47 cents to $177 in after- Google Inc. may be close to buying Groupon, hours trading. The stock had finished regular which launched in late 2008 and kickstarted the trading down 2 cents at $176.53. market for group discounts online, in a deal worth as much as $6 billion. Such a deal would be ©2010 The Associated Press. All rights reserved.
    [Show full text]