Exit Activities. Between 2015 and the first half of 2016, Sequoia Capital realized 21 exits; 4 IPOs and 17 acquisitions. Some of the most important exits refer to (CB Insights, 2016): • The acquisition of cancer drug start-up Stemcentrx by AbbVie for as much as $10.2 billion. Sequoia first invested in the firm in 2014 ($200M in Series F). • The acquisition of Jasper, “a software platform for the Internet of Things”, made by Cisco for $1.4 billion in early 2016. Sequoia was a Series-A investor in this firm. • The IPO of Square at a $2.9 billion valuation in November 2015. Today, Square has a market cap of $3.2 billion. Sequoia first invested in the firm in January 2011 ($31.8 million in Series B). The scatterplot in Figure 6 illustrates the …show more content…
Jim Goetz’s is mainly focused on mobile and enterprise software firms, and he also sits on the boards of three public firms he led to IPO in the last few years: (1) Palo Alto Networks; (2) Barracuda Networks; and (3) Nimble Storage. Among others, his board portfolio also includes gaming companies and game-maker support platforms such as Pocket Gems and Chartboost (ibid., …show more content…
Before joining the firm, he worked for renowned computer companies, e.g. HP, Sun Microsystems, and Prime Computer. His Sequoia portfolio includes companies such as PlanGrid, Nubank, and Medallia (CB Insights, 2016). Alfred Lin is most well-known for leading Zappos from a small start-up firm to its $1.2 billion acquisition by Amazon in 2006. After that, he joined Sequoia and he mainly deals with consumer internet, enterprise, and mobile firms. He represents Sequoia on the board of Airbnb, where Sequoia was the first institutional investor, as well as a crucial partner in all other investment rounds. Among other companies, Lin sits on the boards of DoorDash, Stella and Dot and Houzz (CB Insights, 2016). Roelof Botha started working for Sequoia after leading PayPal through its IPO and acquisition by eBay. At the firm, he led the initial financing of YouTube in 2005 as well as investments in Instagram and Tumblr. In addition, sits on the boards of Square, Natera, MongoDB, Eventbrite, and so on (ibid., 2016). Bryan Schreier came to Sequoia from Google where he took on the role of a senior director. At Sequoia, Schreier sits on the boards of three start-ups valued at more than $1 billion, including Dropbox, Qualtrics, and Thumbtack (CB Insights,
Above is my original data. In the graph, it can be seen that there are
There are over 30 Sr. VPs and VPs holding various positions at the San Francisco
Mark Cuban is the owner of the NBA’s Dallas Mavericks. He has invested in many companies and is a part of the investors in the show “Shark Tank.” He owns Landmark Theatres and Magnolia Pictures along with business partners. Prior to owning those businesses, he took a job with Mellon Bank. Cuban was deeply passionate about the study of machines and networking. In 1982, he left Pittsburgh for Dallas and there he formed his own software consulting business. His business, MicroSolutions specialized in the field of computers and computer networking. He made a profitable company and sold to the firm, Compuserve. He gained $6 million in profits from selling it. Cuban and his business partner, Todd Wagner made AudioNet in 1995. That company proved to a huge success and they renamed the business to Broadcast.net. In 1999, Cuban and Wagner sold
He has served as director in over 40 public companies and also serves as a
BOARD OF DIRECTORS: - There were ten board of directors in Lehman brothers and the CEO (chairman and chief executive officer) was Richard Fuld. His main Motto was that he...
There were many strong points in Bezos’s business plan. He carefully planned every detail of this business. One of the key strengths that Bezos relied upon was his unique understanding of both computer science and marketplace economics. His degree in computer science combined with his years working on Wall Street gave him a broad perspective on the e-commerce market. He understood what the technology would look like in order to make his ideas reality. He also had a firm grasp on the economics of the market. He knew that branding would be the essential differentiating factor between him and his competitors. He also knew that the best way to establish a strong brand was by putting your customers needs and wants first and letting the investors take care of themselves. He did not care for the idea that good customer service was just a way to drive profits. Instead he took the approach that good customer service is a way to drive growth, which in turn would drive better customer service.
The average offer price per share as a multiple of EPS for recent railroad acquisitions is 17.22 times. If we multiply that by Conrail's expected EPS for 1997 of $5.69 we get an offer price per share of $97.98. This is substantially higher than the front-end cash offer from CSX of $92.50. We also looked at enterprise value as a multiple of EBITDA. The average for recent railroad acquisitions is and enterprise value of 10.58 times EBITDA. Conrail's EBITDA for the last four quarters is $1,017 million. This calculation gives us an enterprise value of $10,760 million. We calculated the two-tiered offer to be $8,185 million from CSX in Appendix 3. This is significantly lower than the estimated enterprise value calculated based on
Aside from being CEO of Zappos.com, he is also the co-founder of Link Exchange and the general manager of Venture Frogs, LLC, which is an investment firm that invested in startups like Ask Jeeves, and of course, Zappos.com.
The co-founder, Mark Butler, owes a major note to the other original partner, who Mark bought out. He has a mortgage on his 12-year-old house and no other significant investments. Mark’s personal references indicate that he is hard-working and watches his business very closely.
This graph shows the result that I expect to get, I expect to see a
We are ‘locked-in’ future growth with important new licensees signed and significant contracts renewed. Seven of our top 10 licensees are now on contracts which have at least three years remaining and our pipeline of new licensees and structured agreements remains strong.” He also spoke on how Playtech plans to continue to reward investors, “Due to the strength of its balance sheet and its continuing cash generation, Playtech is in a position to return capital to shareholders with no impact on its ability to make
Sergey Brin Co-Founder he shared responsibility for the company’s day-to-day operations with Larry Page and Eric Schmidt .
After he graduated from Princeton, Jeff joined a high-tech startup in New York called FITEL, which was building a network to facilitate international trade. After two years at FITEL, he joined Bankers Trust Company. At Bankers Trust, he setup computer systems that managed $250 billion in assets and eventually became the company's youngest vice president.
Loos, N. (2006). Value creation in leveraged buyouts: Analysis of factors driving private equity investment performance. Wiesbaden: Deutscher Universitäts Verlag.
Jeff Weiner has been ranked amongst the top 50 CEOs by Glassdoor consecutively for the past 4 years (ranked No.1 in 2014). His humane management skills and charismatic nature has received praise across the industry. After his appointment as CEO of LinkedIn, not only has LinkedIn grown its employee base, but has successfully transformed from a start-up company into a public company in