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Unprofitable Bazaarvoice Seeks $86.25M IPO

Posted on: August 26, 2011 by Luisa Beltran1 Comment »

Brett Hurt

Bazaarvoice, which is backed by Austin Ventures and Battery Ventures, became the latest unprofitable VC-backed company to file for an IPO. Austin, Texas-based Bazaarvoice filed Friday to raise as much as $86.25 million via an IPO. Morgan Stanley is lead book runner on the deal, which also includes Deutsche Bank and Credit Suisse. Other underwriters [...]

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by joanna

Backers of Biggest Groupon Round Not Among Top Shareholders

Posted on: June 2, 2011 by joannaNo Comments »

Investors may have poured $950 million into Groupon earlier this year. But that didn’t snag any of the newcomers so much as 5% of the fast-growing discount deal site.

That’s the takeaway from an initial reading of Groupon’s IPO filing. The document lists only two of the company’s venture investors — New Enterprise Associates and Accel Partners -– as principal shareholders. NEA, which backed Groupon’s first venture round in 2008, holds a $14.7% stake in the company. Accel, which invested in Groupon’s second round in 2009, among others, according to Thomson Reuters, owns 5.6 percent.

Among those not listed as principal shareholders are the firms that participated in Groupon’s last financing round of $950 million. The backers for that round, announced in January, included Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake and Technology Crossover Ventures.

At the time of that announcement, my colleague, Connie

Cramer Eviscerates LinkedIn IPO, Calls It “Outrageously Overvalued”

Posted on: May 19, 2011 by Lawrence J. AragonNo Comments »

While VCs and entrepreneurs in Silicon Valley were high-fiving each other over the success of LinkedIn’s IPO, a curmudgeon on the other coast went on a long rant about the offering, calling it “outrageously overvalued” and “a travesty.” LinkedIn (NYSE: LNKD) priced Wednesday night at $45 per share, then opened Thursday morning at $83. Its [...]