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Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

Entrepreneurs and investors who have spent any time dealing with convertible debt seed financing transactions are likely to have encountered the subject of valuation caps. The cap is irrelevant if the next equity financing is at a valuation below the cap amount.) Part of the deal was bringing in a new CEO, Richard Rosenblatt.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

He’s personally led more than 50 financing rounds. And finally, Scott demonstrated his internal management tool for managing the metrics of his business. Incubated by Clearstone Ventures in 2008. Based in Palo Alto and founded in 2004 by PayPal alumni. Offers two products: Palantir Government and Palantir Finance.

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VC Evolution: Physician, Scale Thyself.

500hats.com

One of the earliest and most well-known of the Micro-VC funds was First Round Capital , founded in 2004 by Josh Kopelman , a former entrepreneur who sold Half.com to eBay in 2000. Many of these now-trendy Micro-VC funds began as individual angel investors who gradually grew up and started small funds (myself included).

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Scaling is Hard, Case Study: TripAdvisor

Seeing Both Sides

The company agreed to be acquired by Expedia/IAC in 2004 for $210 million in cash, a huge win for all, particularly given their amazing capital efficiency: they had only raised $4 million in venture capital. TripAdvisor And Expedia: From $4 million invested to $4 billion in value . Scaling Lesson 2: Maintain a Sense of Urgency.