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Dan Primack

Viacom Discloses YouTube Investor Payouts

Posted on: March 18th, 2010

When Google bought YouTube in 2006 for $1.65 billion, we knew that the video sharing site's investors had hit a home run. Now we know exactly how far it went, thanks to documents released today as part of Viacom's copyright infringment suit against Google.

Sequoia Capital invested a total of $9 million over two funding rounds in 2005 and 2006, and ultimately received $516 million worth of Google stock. This is higher than prior reports of a $442 million payout. If Sequoia held onto its shares, they would now be worth an additional $68 million.

Artis Capital, a hedge fund with ties to Sequoia, invested around $3 million in YouTube's Series B round and received $85 million in Google stock. It would be worth another $11 million or so on today's market.

Read more »


Alexander Haislip

Skype, Dodgeball and Other Acquisition Disasters

Posted on: March 17th, 2010

It’s common knowledge in academic circles that acquisitions seldom provide the benefits that acquirers initially expect. Most researchers blame this on a principal-agent problem, where executive incentives diverge from shareholder interests.

That can take two major forms: The first is executives awarding themselves major bonuses for making deals go through. The second is manager demand for higher salaries that come with larger fiefdoms and more cubicle serfs.

But there’s another school of thought blames executive hubris for synergy disappointments. The theory is that executives systematically over-estimate their ability to unlock the potential of corporate assets. They believe that they are superior managers than the schmoes running the acquisition target. Call it a crime of excessive self-esteem.

Yet deals keep getting done.

Read more »


peHUB

Google Takes Aim At Microsoft with DocVerse Acquisition

Posted on: March 5th, 2010

(Reuters) Google said on its company blog on Friday that it has acquired San Francisco-based DocVerse. Terms of the deal were not disclosed. "With DocVerse, people can begin to experience some of t...


Connie Loizos

Google to Topeka: Please Stop, This is Embarrassing

Posted on: March 2nd, 2010

Oh no you didn't, Topeka. According to the San Francisco Business Times, in a bid to lure Google and its ultrafast fiber-optic network to its fine city, Topeka, Kansas has renamed itself Google, ...


peHUB

Google To Buy Social Search Co Aardvark

Posted on: February 11th, 2010

SAN FRANCISCO (Reuters) - Google Inc (GOOG.O) has acquired Aardvark, a San Francisco start-up whose service melds Internet search and social networking. Aardvark co-founder and top strategy manager...


Alastair Goldfisher

Teens in Tech: They’re Here, They’re Young, Get Used To It

Posted on: February 10th, 2010

I spent part of my day last Saturday doing something that most adults try to avoid. I hung out with some teens. Specifically, I attended the second annual Teens in Technology conference at Googleâ€...


Deborah Gage

Google Faces Federal Scrutiny On AdMob Acquisition

Posted on: December 23rd, 2009

The Federal Trade Commission has been talking to Google about AdMob for several weeks and has issued a formal second request for information, Google said today. Given Google's dominance in search a...


Deborah Gage

Whoever Buys Yelp Will Inherit The Lawsuits

Posted on: December 18th, 2009

In light of today's reports that Google and maybe other companies are negotiating to buy Yelp, we wonder what an acquisition would mean for the various lawsuits that are filed against Yelp's users. ...


peHUB

Google Buys VC-Backed Gizmo5

Posted on: November 16th, 2009

Google has acquired Gizmo5, a San Diego-based provider of calling software for mobile phones and computers. No financial terms were disclosed. Gizmo5 had raised around $6 million in VC funding from fi...


peHUB

Google Buying AdMob for $750 Million

Posted on: November 9th, 2009

SAN FRANCISCO (Reuters) - Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could...


peHUB

Jon Steinberg Leaves Google for Polaris

Posted on: October 27th, 2009

Jon Steinberg has joined Polaris Venture Partners as a New York-based executive-in-residence, according to a message on his blog. He previously was strategic partner development manager for Google’...


Deborah Gage

Seed Investing A New Emphasis For CMEA

Posted on: September 29th, 2009

Per Dan's post this morning that early-stage VC shop CMEA Capital has scrapped plans to raise a $500 million green growth fund, the firm also has gotten more aggressive about seed-stage investing. It...


Lawrence Aragon

Will Google Break Three-Year Dry Spell?

Posted on: September 23rd, 2009

Google CEO Eric Schmidt told Reuters today that the worst of the recession is behind the company and he expects to start doing about one acquisition a month. “Acquisitions are turned on again at ...


peHUB

Silver Spring Networks Buys Greenbox Tech

Posted on: September 23rd, 2009

Silver Spring Networks, a smart grid networking company, will acquire Greenbox Technology for an undisclosed price. The company has raised around $170 million in venture backing from investors such as...


peHUB

Kai-Fu Lee Forms Chinese Business Incubator

Posted on: September 6th, 2009

Kai-Fu Lee, who last week resigned as president of Google China, has launched Innovation Works, an incubator for Chinese IT startups. It has been funded with $115 million, including from lead investor...


Alastair Goldfisher

Head of Google China to Leave as Speculation Abounds About his Next Project

Posted on: September 4th, 2009

Google announced Thursday night that Kai-Fu Lee, president of its Chinese operations, will leave the company later this month to launch an undisclosed project. Kai-Fu, who joined the Internet searc...


Deborah Gage

And Here’s A Genomics Company That’s Not Getting Funding…

Posted on: August 24th, 2009

TruGenetics -- which emerged in June with the promise of free personal genetic scans to the first 10,000 people who registered -- has stopped taking registrations while "we work on developing a new st...



VC Bookworm By Jeff Bussgang



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