Posted by Chris OBrien on January 19th, 2010 at 12:39 pm | Categorized as Innovation, O'Brien, Strategy | Tagged as elevation partners, Google, IPO, Stock options, techcrunch, Yelp, zynga
For those of you thinking the IPO market is going to come roaring back this year, think again.
I just saw the post from Techcrunch yesterday that Yelp was on the verge of taking a $50 million investment from Elevation Partners. This comes after the failed acquisition talks with Google. Here’s what’s interesting:
“The size of the round is in the $50 million range, but includes both a primary investment component as well as a secondary offering for long time employees. These deals are now being referred to as ‘DST deals,’ since DST first invested in Facebook in May 2009 at a $10 billion valuation and later funded employee buyouts at a $6.5 billion valuation. They did a similar deal with Zynga.”
In other words, part of the investment will allow long-time employees to cash out options. Same deal with Facebook and Zynga. But why? Read the rest of this entry »
Leave a comment
Posted by Jack Davis on March 3rd, 2009 at 3:43 pm | Categorized as Docu-Drama, Palm | Tagged as Economic slowdown, elevation partners, Palm
Palm is expecting sales for its just-ended fiscal 2009 third quarter to be no more than $90 million, far below the $158 million average analyst forecast, and below the $100 million that was the lowest forecast among the 20 analysts surveyed by Thomson Reuters.
The news, released after markets closed, sent Palm’s shares down 10 percent to around $6.62, according to Yahoo Finance.
The company blamed Read the rest of this entry »
Leave a comment
Posted by Chris OBrien on December 22nd, 2008 at 11:49 am | Categorized as Strategy | Tagged as bono, elevation partners, Palm
Just a little over a week ago, I wrote about “The three valley companies most vulnerable in 2009.” My three top picks were Sun Microsystems, AMD and Palm.
I haven’t changed by mind on Palm’s outlook. But on Monday, the company announced that it raised $100 million from Elevation Partners, one of its main backers.
According to the press release:
“The additional capital from Elevation Partners will enable us to put added momentum behind the new product introductions scheduled for 2009 and will provide us with enhanced stability in unsettled economic times,” said Ed Colligan, president and chief executive officer of Palm, Inc. “Elevation has been a great partner to Palm, and we appreciate their continued confidence and support.” Read the rest of this entry »
Leave a comment
Subscribe via RSS all feeds