DOCSLIB.ORG

Weekly Internet / Digital Media / Saas Sector Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Weekly Internet / Digital Media / SaaS Sector Summary Week of July 14th, 2014 Industry Stock Market Valuation Internet / Digital Media / SaaS Last 12 Months Last 3 Months 180 120 14.6% 160 11.9% 60.8% 10.4% 10.4% 110 7.9% 140 22.3% 7.7% 21.0% 6.6% 20.4% 5.9% 120 20.0% 5.1% 16.3% 100 13.9% 100 13.0% 10.8% 80 90 7/12/13 9/23/13 12/5/13 2/16/14 4/30/14 7/12/14 4/11/14 5/4/14 5/27/14 6/19/14 7/12/14 (1) (2) (3) (4) Search / Online Advertising Internet Commerce Internet Content Publishers (5) (6) (7) (8) NASDAQ Diversified Marketing Media Conglomerates Gaming SaaS Notes: 1) Search/Online Advertising Composite includes: BCOR, BLNX-GB, CNVR, CRTO, GOOG, FUEL, MCHX, MM, MRIN, MSFT, QNST, RLOC, RUBI, TRMR, TWTR, YHOO, YNDX, YUME. 2) Internet Commerce Composite includes: AMZN, AWAY, COUP, CPRT, DRIV, EBAY, EXPE, FLWS, LINTA, NFLX, NILE, OPEN, OSTK, PCLN, PRSS, SSTK, STMP, TZOO, VPRT, ZU. 3) Internet Content Composite includes: AOL, CRCM, DHX, DMD, EHTH, IACI, MOVE, MWW, RATE, RENN, RNWK, SCOR, SFLY, TRLA, TST, TTGT, UNTD, WBMD, WWWW, XOXO, Z. 4) Publishers Composite includes: GCI, MMB-FR, NWSA, NYT, PSON-GB, SSP, TRI, UBM-GB, WPO. 5) Diversified Marketing Composite includes: ACXM, EFX, EXPN-GB, HAV-FR, HHS, IPG, MDCA, NLSN, VCI, WPP-GB. 6) Media Conglomerates Composite includes: CBS, CMCSA, DIS, DISCA, LGF, SNE, TWX, VIA.B. 7) Gaming Composite includes: 2432-JP, 3632-JP, 3765-JP, 700-HK, ATVI, CYOU, EA, GA, GAME, GLUU, NTES, PWRD, UBI-FR, ZNGA. 1 8) SaaS Composite includes: BCOV, BV, CNQR, CRM, CSOD, CTCT, CVT, DWRE, ECOM, JIVE, LPSN, MRIN, MKTG, MKTO, N, NOW, RNG, RP, ULTI, WDAY, ZEN. Public Company Valuations Internet / Digital Media / SaaS: Financial Metrics $MM, Except Per Share Data Stock LTM EPS Price Price Range Equity Net Aggregate AV / Revenue AV / EBITDA Price / EPS Long Term Revenue Growth 7/14/14 Low High Value Debt Value LTM CY 14E CY 15E LTM CY 14E CY 15E LTM CY 14E CY 15E Growth PEG 15E/14E Y/Y MRQ Search / Online Advertising Google Inc. $594.26 $418.00 $614.44 $400,825 ($48,880) $351,945 5.6x 5.4x 4.6x 18.9x 13.5x 11.3x 32.9x 22.4x 19.0x 17.2% 1.1 16.3% 19.1% Microsoft Corporation 42.14 30.84 42.45 348,094 (64,192) 283,902 3.4 3.0 2.8 8.8 8.8 8.0 15.8 15.5 14.6 8.4% 1.7 5.2% (0.4%) Yahoo! Inc. 35.70 26.73 41.72 35,943 (1,773) 34,228 7.3 7.6 7.4 38.6 25.1 23.2 29.8 22.2 19.8 10.3% 1.9 3.0% (0.7%) Yandex N.V. 32.49 21.70 45.42 10,442 (141) 10,301 8.5 7.1 5.8 21.9 17.1 13.5 27.3 26.0 20.8 27.7% 0.7 23.6% 20.1% Criteo SA 32.04 25.16 60.95 1,849 (273) 1,577 2.3 1.7 1.3 36.9 24.0 13.1 NM 76.8 36.8 63.8% 0.6 35.5% 72.9% Conversant, Inc. 24.53 18.62 28.79 1,643 (30) 1,613 2.8 2.6 2.4 7.9 7.6 6.8 20.3 14.1 12.6 14.3% 0.9 8.1% 8.5% Rocket Fuel Inc. 25.20 19.31 71.89 886 (189) 697 2.5 1.6 1.1 NM NM 18.7 NM NM 98.0 45.0% 2.2 55.9% 94.7% Blucora, Inc. 17.44 16.65 30.12 717 (77) 640 1.0 1.0 0.9 5.7 5.6 5.1 28.6 8.3 7.3 17.3% 0.4 8.7% 30.8% Marchex, Inc. 12.39 5.43 12.84 524 (39) 486 2.9 2.6 2.4 60.1 33.4 27.2 NM 71.1 55.4 NA NA 9.8% 45.4% Millennial Media Inc. 3.69 2.90 10.48 395 (98) 297 1.1 0.9 0.8 NM NM 13.3 NM NM NM 36.8% NM 16.3% 46.9% Marin Software Incorporated 10.40 8.41 14.37 351 (91) 260 3.1 2.7 2.2 NM NM NM NM NM NM 20.0% NM 19.8% 33.0% Sizmek Inc. 9.77 8.40 13.25 297 (83) 214 1.8 1.2 1.0 6.7 9.1 6.5 NM NM NM NA NA 13.1% NA The Rubicon Project, Inc. 10.97 10.93 23.20 284 (99) 186 2.1 1.6 1.3 NM NM 34.1 NM NM NM 45.0% NM 31.1% 18.4% QuinStreet, Inc. 5.42 5.10 9.71 237 (39) 199 0.7 0.7 0.7 9.4 7.6 6.8 NM NM NM 15.0% NM 3.8% (9.0%) Blinkx plc 0.59 0.46 4.01 234 (127) 107 0.4 0.4 0.4 3.5 NA 3.9 18.4 13.4 9.4 33.6% 0.3 16.1% 17.0% ReachLocal, Inc. 7.13 5.87 14.45 206 (74) 132 0.3 0.3 0.2 28.4 47.4 5.4 NM NM NM 27.5% NM 7.9% 2.6% Tremor Video, Inc. 4.05 3.59 11.09 204 (87) 117 0.8 0.7 0.6 NM NM NM NM NM NM NA NA 24.7% 40.8% YuMe, Inc. 6.15 4.72 12.08 199 (50) 149 0.9 0.8 0.6 56.7 59.7 14.3 NM NM NM NA NA 26.6% 40.1% Mean 2.6 x 2.3 x 2.0 x 23.3 x 21.6 x 13.2 x 24.7 x 30.0 x 29.4 x 27.3% 1.1 18.1% 28.2% Median 2.2 1.6 1.2 18.9 15.3 12.2 27.3 22.2 19.4 23.8% 0.9 16.2% 20.1% Internet Content IAC/InterActiveCorp $66.61 $48.65 $80.64 $5,531 $37 $5,596 1.9x 1.7x 1.6x 10.6x 9.3x 7.7x 21.7x 18.5x 14.8x 10.4% 1.4 9.1% (0.3%) Zillow, Inc. 131.43 63.72 145.49 5,192 (309) 4,882 21.7 15.7 11.6 NM 97.3 55.5 NM NM NM 63.2% NM 35.4% 70.0% AOL Inc. 41.10 32.19 53.28 3,285 24 3,319 1.4 1.3 1.2 7.6 6.6 6.0 44.8 19.3 16.0 14.7% 1.1 7.6% 8.4% WebMD Health Corp. 51.50 28.03 53.30 1,944 174 2,118 3.9 3.7 3.3 24.4 13.6 11.3 NM 40.8 33.1 12.5% 2.6 11.4% 18.7% Bankrate, Inc. 17.75 14.44 23.14 1,859 53 1,912 3.9 3.5 3.1 16.7 12.9 11.1 NM 26.0 21.5 20.7% 1.0 11.6% 25.8% Shutterfly, Inc. 47.48 36.30 59.93 1,829 (91) 1,738 2.2 1.9 1.6 22.1 10.2 8.2 NM NM 67.5 26.3% 2.6 15.5% 17.5% Trulia, Inc. 41.23 26.35 52.71 1,522 9 1,532 8.8 6.1 4.6 NM 73.1 29.8 NM NM NM 26.1% NM 31.5% 127.0% Web.com Group, Inc. 27.09 25.21 37.72 1,398 544 1,942 3.8 3.3 2.9 19.8 11.2 9.9 NM 10.7 9.1 14.7% 0.6 11.1% 15.8% comScore, Inc. 37.15 24.69 38.98 1,295 (29) 1,266 4.3 3.9 3.4 50.1 19.6 15.7 NM 30.1 23.6 25.6% 0.9 15.5% 11.7% Renren Inc. 3.21 2.76 4.79 1,153 (985) 168 1.2 1.7 1.0 NM NM NM NM NM NM 20.0% NM 66.9% (39.9%) eHealth, Inc. 34.67 23.12 63.32 660 (98) 561 3.0 2.7 2.2 NM 32.7 19.5 NM 77.8 42.6 30.3% 1.4 19.6% 17.9% Move, Inc. 14.96 9.47 18.36 592 (32) 560 2.4 2.2 1.9 49.6 18.7 13.8 NM 48.0 28.6 14.0% 2.0 13.6% 7.0% Monster Worldwide, Inc. 6.42 4.03 8.50 584 114 750 0.9 0.9 0.9 7.5 6.3 5.7 NM 16.2 12.9 12.0% 1.1 2.3% (6.5%) Everyday Health, Inc. 17.99 11.84 19.89 541 (12) 530 3.3 2.9 2.6 38.4 15.5 11.8 NM 40.6 22.8 37.1% 0.6 15.3% NA Dice Holdings, Inc. 7.66 6.50 9.86 416 103 519 2.3 2.1 2.0 8.3 6.9 6.5 33.8 23.6 18.4 17.5% 1.1 4.8% 20.3% Demand Media, Inc.
Recommended publications
  • 2019 Was a Fantastic Year for Our Company, Thanks to the Hard Work of Our Talented Teams, Who Achieved Incredible Accomplishments and Milestones

    2019 Was a Fantastic Year for Our Company, Thanks to the Hard Work of Our Talented Teams, Who Achieved Incredible Accomplishments and Milestones

    YEAR IN REVIEW 2019 was a fantastic year for our company, thanks to the hard work of our talented teams, who achieved incredible accomplishments and milestones. We are proud of all of our successes in 2019, and thrilled to share some of the highlights with you here. January Xfinity Internet: Comcast launches Xfinity xFi Advanced Security to protect WiFi-connected devices in the home Sky: Sky Ocean Rescue and World Wildlife Fund launch a renewed campaign to encourage people to reduce their plastic usage Xfinity Internet: Comcast announces partnership with Xfinity xFi Advanced Security monitors, blocks Intel to deliver faster speeds, more capacity and responsive and informs customers of online threats and networks for broadband customers provides seamless protection in the home. Fusion Arena, a first-of-its-kind venue, will serve as a premier destination for competitive gaming events, as well as a variety of live entertainment programming and experiences. February Corporate: Comcast NBCUniversal is named #3 on Fortune’s ‘Best Big Companies to Work For’ list Comcast Ventures: Comcast Ventures invests in Dandelion Energy, which offers modern, cost-effective geothermal heating and cooling systems to homeowners March Film: Universal’s Green Book wins Academy Award for Best Picture Xfinity: Comcast launches Xfinity Flex streaming platform for Xfinity Internet-only Sports: NBC Sports Group partners customers with Rory McIlroy to create GolfPass Digital Membership Experience Corporate: Comcast acquires BluVector, a developer of AI-powered cybersecurity
  • Corporate Venturing Report 2019

    Corporate Venturing Report 2019

    Tilburg University 2019 Corporate Venturing Report Eckblad, Joshua; Gutmann, Tobias; Lindener, Christian Publication date: 2019 Document Version Publisher's PDF, also known as Version of record Link to publication in Tilburg University Research Portal Citation for published version (APA): Eckblad, J., Gutmann, T., & Lindener, C. (2019). 2019 Corporate Venturing Report. Corporate Venturing Research Group, TiSEM, Tilburg University. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 24. sep. 2021 Corporate Venturing 2019 Report SUMMIT@RSM All Rights Reserved. Copyright © 2019. Created by Joshua Eckblad, Academic Researcher at TiSEM in The Netherlands. 2 TABLE OF CONTENTS LEAD AUTHORS 03 Forewords Joshua G. Eckblad 06 All Investors In External Startups [email protected] 21 Corporate VC Investors https://www.corporateventuringresearch.org/ 38 Accelerator Investors CentER PhD Candidate, Department of Management 43 2018 Global Startup Fundraising Survey (Our Results) Tilburg School of Economics and Management (TiSEM) Tilburg University, The Netherlands 56 2019 Global Startup Fundraising Survey (Please Distribute) Dr.
  • Downloading of Movies, Television Shows and Other Video Programming, Some of Which Charge a Nominal Or No Fee for Access

    Downloading of Movies, Television Shows and Other Video Programming, Some of Which Charge a Nominal Or No Fee for Access

    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 001-32871 COMCAST CORPORATION (Exact name of registrant as specified in its charter) PENNSYLVANIA 27-0000798 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) One Comcast Center, Philadelphia, PA 19103-2838 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (215) 286-1700 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of Each Class Name of Each Exchange on which Registered Class A Common Stock, $0.01 par value NASDAQ Global Select Market Class A Special Common Stock, $0.01 par value NASDAQ Global Select Market 2.0% Exchangeable Subordinated Debentures due 2029 New York Stock Exchange 5.50% Notes due 2029 New York Stock Exchange 6.625% Notes due 2056 New York Stock Exchange 7.00% Notes due 2055 New York Stock Exchange 8.375% Guaranteed Notes due 2013 New York Stock Exchange 9.455% Guaranteed Notes due 2022 New York Stock Exchange SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
  • Private Equity

    Private Equity

    PRIVATE EQUITY Viney Sawhney <[email protected]> Introduction – Course Description This course is the study of private equity money invested in companies that are not publicly traded on a stock exchange or invested in as part of buyouts of publicly traded companies. The objective of the course is to provide a comprehensive overview and in-depth understanding of the private equity markets. Private equity finance will be explored from a number of perspectives, beginning with the structure and objectives of private equity funds; followed by the analysis and financing of investment opportunities; and finally crafting strategies for harvesting investments. There has been an increase in both the supply of and demand for private equity. On the supply side, the amount of private equity under management - by partnerships investing in private equity, growth investments, leveraged buyouts, distressed companies, real estate, etc. - has increased dramatically in recent years. On the demand side, an increasing number of individuals and companies are interested in starting and growing their respective businesses. Collectively, small and medium businesses are focused in gaining access to Private Equity and understanding the dynamics of this unique funding source. Course objectives The main objective of the course is to provide students with the necessary theoretical and conceptual tools used in private equity deals. The course provides the intellectual framework used in the private equity process, valuation in private equity settings, creating term sheets, the process of due diligence and deal structuring. Other learning objectives include building an understanding of harvesting through IPO or M&A, public-private partnerships and sovereign wealth funds.
  • The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder? by BRUCE KOGUT *

    The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder? by BRUCE KOGUT *

    ID#190414 CU242 PUBLISHED ON MAY 13, 2019 The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder? BY BRUCE KOGUT * Introduction Uber Technologies, the privately held ride-sharing service and logistics platform, suffered a series of PR crises during 2017 that culminated in the resignation of Travis Kalanick, cofounder and longtime CEO. Kalanick was an acclaimed entrepreneur, building Uber from its local San Francisco roots to a worldwide enterprise in eight years, but he was also a habitual rule- breaker. 1 In an effort to put the recent past behind the company, the directors of Uber scheduled a board meeting for October 3, 2017, to vote on critical proposals from new CEO Dara Khosrowshahi that were focused essentially on one question: How should Uber be governed now that Kalanick had stepped down as CEO? Under Kalanick, Uber had grown to an estimated $69 billion in value by 2017, though plagued by scandal. The firm was accused of price gouging, false advertising, illegal operations, IP theft, sexual harassment cover-ups, and more.2 As Uber’s legal and PR turmoil increased, Kalanick was forced to resign as CEO, while retaining his directorship position on the nine- member board. His June 2017 resignation was hoped to calm the uproar, but it instead increased investor uncertainty. Some of the firm’s venture capital shareholders (VCs) marked down their Uber holdings by 15% (Vanguard, Principal Financial), while others raised the valuation by 10% (BlackRock).3 To restore Uber’s reputation and stabilize investor confidence, the board in August 2017 unanimously elected Dara Khosrowshahi as Uber’s next CEO.
  • How to Catch a Unicorn

    How to Catch a Unicorn

    How to Catch a Unicorn An exploration of the universe of tech companies with high market capitalisation Author: Jean Paul Simon Editor: Marc Bogdanowicz 2016 EUR 27822 EN How to Catch a Unicorn An exploration of the universe of tech companies with high market capitalisation This publication is a Technical report by the Joint Research Centre, the European Commission’s in-house science service. It aims to provide evidence-based scientific support to the European policy-making process. The scientific output expressed does not imply a policy position of the European Commission. Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use which might be made of this publication. JRC Science Hub https://ec.europa.eu/jrc JRC100719 EUR 27822 EN ISBN 978-92-79-57601-0 (PDF) ISSN 1831-9424 (online) doi:10.2791/893975 (online) © European Union, 2016 Reproduction is authorised provided the source is acknowledged. All images © European Union 2016 How to cite: Jean Paul Simon (2016) ‘How to catch a unicorn. An exploration of the universe of tech companies with high market capitalisation’. Institute for Prospective Technological Studies. JRC Technical Report. EUR 27822 EN. doi:10.2791/893975 Table of Contents Preface .............................................................................................................. 2 Abstract ............................................................................................................. 3 Executive Summary ..........................................................................................
  • FT PARTNERS RESEARCH 2 Fintech Meets Alternative Investments

    FT PARTNERS RESEARCH 2 Fintech Meets Alternative Investments

    FT PARTNERS FINTECH INDUSTRY RESEARCH Alternative Investments FinTech Meets Alternative Investments Innovation in a Burgeoning Asset Class March 2020 DRAFT ©2020 FinTech Meets Alternative Investments Alternative Investments FT Partners | Focused Exclusively on FinTech FT Partners’ Advisory Capabilities FT Partners’ FinTech Industry Research Private Capital Debt & Raising Equity Sell-Side / In-Depth Industry Capital Buy-Side Markets M&A Research Reports Advisory Capital Strategic Structuring / Consortium Efficiency Proprietary FinTech Building Advisory FT Services FINTECH Infographics Partners RESEARCH & Board of INSIGHTS Anti-Raid Advisory Directors / Advisory / Monthly FinTech Special Shareholder Committee Rights Plans Market Analysis Advisory Sell-Side Valuations / LBO Fairness FinTech M&A / Financing Advisory Opinion for M&A Restructuring Transaction Profiles and Divestitures Named Silicon Valley’s #1 FinTech Banker Ranked #1 Most Influential Person in all of Numerous Awards for Transaction (2016) and ranked #2 Overall by The FinTech in Institutional Investors “FinTech Excellence including Information Finance 40” “Deal of the Decade” • Financial Technology Partners ("FT Partners") was founded in 2001 and is the only investment banking firm focused exclusively on FinTech • FT Partners regularly publishes research highlighting the most important transactions, trends and insights impacting the global Financial Technology landscape. Our unique insight into FinTech is a direct result of executing hundreds of transactions in the sector combined with over 18 years of exclusive focus on Financial Technology FT PARTNERS RESEARCH 2 FinTech Meets Alternative Investments I. Executive Summary 5 II. Industry Overview and The Rise of Alternative Investments 8 i. An Introduction to Alternative Investments 9 ii. Trends Within the Alternative Investment Industry 23 III. Executive Interviews 53 IV.
  • Content Remains King, but Youtube Builds the Throne of the Future Content Creation May Have the Lowest of All Barriers to Entry

    Content Remains King, but Youtube Builds the Throne of the Future Content Creation May Have the Lowest of All Barriers to Entry

    Sector Bulletin_ Digital Media and Internet Technology_ March 2014_ Content Remains King, but YouTube Builds the Throne of the Future Content creation may have the lowest of all barriers to entry. Anyone with access to a smartphone and wi-fi can create and distribute endless GBs of content. However, replicating this process at scale, demonstrating audience reach, authentication and measurement and then syndicating this content, that same list of creators contracts to a few. Fewer still are the options available to a producer to reach a mass audience in today’s increasingly fragmented, device agnostic world. Available platform alternatives include obtaining distribution with a major cable television or satellite operator, partnering with an over the top (OTT) provider such as Netflix, Hulu or Amazon, or joining one of thousands of multi-channel networks on YouTube . Distribution Alternatives National Cable Distribution Nirvana for any producer or content creator is signing a distribution agreement with a cable, telco or satellite provider. In October 2013, music mogul Sean Combs launched Revolt TV, filling the void of music television left by MTV. Revolt launched on both Comcast and Time Warner Cable to 25 million subscribers. It is rare for a new, non-repurposed cable channel to obtain national distribution. In addition to Combs’ celebrity (he produced a number of hit shows for MTV in the 2000s), the fledgling network looks to rely upon a strong online and social presence. The hope is the latter could help mitigate the cable TV boogieman of “cord cutting” or removal of cable service for other online or OTT alternatives.
  • 2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100 ������� ������ ������� ��������

    2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100

    2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100 Leadin loba Fintec nnovators 1 1 2016 2017 Fintech100 Report FINTECH100 Leadin loba Fintec nnovators Company #00 1 | Fintech Innovators 2016 1 2015 Fintech100 Report FINTECH 100 Leading Global “ Fintech Innovators Report 2015 Company Description At a Glance Tag Line Located Year Founded Key People Website Specialisation Staff Enabler or Disruptor Key Investors Ownership Size User Engagement $ $ $ $ $ The 100 Leading Fintech Innovators Report 2016 Fintech100 Report The 50 Best Fintech Innovators Report 2014 Fintech100 Report 2 About the List The Fintech100 is a collaborative effort between H2 Ventures and KPMG. In its fifth year, the Fintech100 uncovers and evaluates the most innovative Fintech companies globally. The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally that are taking advantage of technology and driving disruption within the financial services industry. A judging panel comprised of senior partners from H2 Ventures and KPMG has decided the final composition of the Fintech100 list. H2 Ventures H2 Ventures is a global thought leader in fintech venture capital investment. Founded by brothers Ben and Toby Heap, and based in Sydney, Australia, it invests alongside entrepreneurs and other investors in early stage fintech ventures. H2 Ventures is the manager of the H2 Accelerator – Australia’s only dedicated fintech accelerator – and operates out of Sydney’s dynamic Startup Hub. Twitter @H2_Ventures LinkedIn H2 Ventures Facebook H2 Ventures KPMG Global Fintech The financial services industry is transforming with the emergence of innovative, new products, channels and business models. This wave of disruption is primarily driven by evolving customer expectations, digitalisation, as well as continued regulatory and cost pressures.
  • MARK S. THOMSON, on Behalf of Himself: No

    MARK S. THOMSON, on Behalf of Himself: No

    IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ___________________________________ MARK S. THOMSON, on behalf of himself: No. ___________________ and all others similarly situated, : : CLASS ACTION COMPLAINT Plaintiff, : FOR VIOLATIONS OF THE : FEDERAL SECURITIES LAWS v. : : MORGAN STANLEY DEAN WITTER : & CO. and MARY MEEKER, : : Defendants. : JURY TRIAL DEMANDED ___________________________________ : Plaintiff, by his undersigned attorneys, individually and on behalf of the Class described below, upon actual knowledge with respect to the allegations related to plaintiff’s purchase of the common stock of Amazon.com, Inc. (“Amazon” or the “Company”), and upon information and belief with respect to the remaining allegations, based upon, inter alia, the investigation of plaintiff’s counsel, which included, among other things, a review of public statements made by defendants and their employees, Securities and Exchange Commission (“SEC”) filings, and press releases and media reports, brings this Complaint (the “Complaint”) against defendants named herein, and alleges as follows: SUMMARY OF THE ACTION 1. In October 1999, Fortune named defendant Mary Meeker (“Meeker) the third most powerful woman in business, commenting, “[h]er brave bets – AOL in ‘93, Netscape in ‘95, e-commerce in ‘97, business to business in ‘99 – have earned her eight “ten-baggers”, stocks that have risen tenfold. Morgan Stanley’s “We’ve got Mary” pitch to clients has been key to its prominence in Internet financing. Her power is awesome: If she ever says “Hold Amazon.com”, Internet investors will lose billions.” 2. Fortune almost got it right. Investors did lose billions, but not because Meeker said “Hold Amazon.com”. Rather, investors were damaged by Meeker’s false and misleading statements encouraging investors to continue buying shares of Amazon.
  • Weekly Internet / Digital Media / Saas Sector Summary

    Weekly Internet / Digital Media / Saas Sector Summary

    Weekly Internet / Digital Media / SaaS Sector Summary Week of January 13th, 2014 Industry Stock Market Valuation Internet / Digital Media / SaaS Last 12 Months Last 3 Months 200 135 180 78.8% 28.5% 125 54.5% 160 16.5% 48.4% 13.9% 48.0% 115 10.6% 42.3% 10.1% 140 40.5% 9.5% 34.7% 105 8.7% 33.6% 7.8% 120 7.7% 25.2% 95 100 80 85 1/11/13 3/4/13 4/25/13 6/16/13 8/7/13 9/28/13 11/19/13 1/10/14 10/11/13 10/24/13 11/6/13 11/19/13 12/2/13 12/15/13 12/28/13 1/10/14 (1) (2) (3) (4) Search / Online Advertising Internet Commerce Internet Content Publishers (5) (6) (7) (8) NASDAQ Diversified Marketing Media Conglomerates Gaming SaaS Notes: 1) Search/Online Advertising Composite includes: BCOR, BLNX-GB, CRTO, GOOG, FUEL, MCHX, MM, MRIN, MSFT, QNST, RLOC, TRMR, TWTR, VCLK, VELT, YHOO, YNDX, YUME. 2) Internet Commerce Composite includes: AMZN, AWAY, CPRT, DRIV, EBAY, EXPE, FLWS, LINTA, NFLX, NILE, OPEN, OSTK, PCLN, PRSS, SSTK, STMP, TZOO, VPRT. 3) Internet Content Composite includes: AOL, DHX, DMD, EHTH, IACI, MOVE, MWW, RATE, RENN, RNWK, SCOR, SFLY, TRLA, TST, TTGT, UNTD, WBMD, WWWW, XOXO, Z. 4) Publishers Composite includes: GCI, MMB-FR, NWSA, NYT, PSON-GB, SSP, TRI, UBM-GB, WPO. 5) Diversified Marketing Composite includes: ACXM, EFX, EXPN-GB, HAV-FR, HHS, IPG, MDCA, NLSN, VCI, WPP-GB. 6) Media Conglomerates Composite includes: CBS, CMCSA, DIS, DISCA, LGF, SNE, TWX, VIA.B.
  • GMO Trust Annual Report February 28, 2021

    GMO Trust Annual Report February 28, 2021

    GMO Trust Annual Report February 28, 2021 Climate Change Fund Cyclical Focus Fund Emerging Domestic Opportunities Fund Emerging Markets Fund International Equity Fund Japan Value Creation Fund Quality Fund Resources Fund Tax-Managed International Equities Fund U.S. Equity Fund U.S. Small Cap Value Fund For a free copy of the Funds’ proxy voting guidelines, shareholders may call 1-617-346-7646 (collect), visit GMO’s website at www.gmo.com or visit the Securities and Exchange Commission’s website at www.sec.gov. Information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 will be available without charge on GMO’s website at www.gmo.com and on the Securities and Exchange Commission’s website at www.sec.gov no later than August 31 of each year. The Funds file their complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarter of each fiscal year on Form N-PORT, which is available on the Commission’s website at www.sec.gov. The Funds have a policy with respect to disclosure of portfolio holdings under which they may also make a complete schedule of portfolio holdings available on GMO’s website at www.gmo.com. This report is prepared for the general information of shareholders. It is authorized for distribution to prospective investors only when preceded or accompanied by a prospectus for the GMO Trust, which contains a complete discussion of the risks associated with an investment in these Funds and other important information.