Twitter - Kleiner Perkins - Deal
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Kleiner Perkins is already selling some of the stock it bought in Twitter just last December, Henry Blodget reports . We heard from a source that Kleiner has already unloaded some of its stock on private markets, quickly making a profit as Twitter's valuation has skyrocketed. Kleiner partner John Doerr has not responded to emails for comment, and we have not confirmed the the stock sales.
Kleiner Perkins Already Selling Its Twitter Stock
“Kleiner Perkins Already Selling Its Twitter Stock” reads one headline on SAI from Friday, alleging that venture firm Kleiner Perkins Caufield & Byers has been selling Twitter stock that they bought only a couple of months ago. “A DISASTER IN THE MAKING” says another lengthy diatribe on SAI. The allegation? That Kleiner invested in Twitter at a $3.7 billion valuation in December, then turned around and sold some of that stock for a profit just a month or two later, at a $7 billion valuation. Some people may say, so what? People invest with a profit motive.
Featuring Kleiner Perkins, John Doerr And A Dentist
Will All That Money Make Twitter Too Serious?:
Updated: An interesting thing happened on Wednesday, after All Things Digital reported Twitter had closed a giant round of funding led by Kleiner Perkins Caulfield Byers, which values the micro-blogging network at close to $4 billion. The story contained the full text of a blog post from Twitter’s CEO Dick Costolo — but the version All Things Digital originally posted is significantly different from the one that is currently on the Twitter blog. The first version contained a number of witticisms from Costolo, including the title “Stocking Stuffer,” but the new version is carefully scrubbed of anything even approaching humor , and is entitled “Meaningful Growth.” ( Update: the All Things Digital post has since been changed as well, with the updated version of Costolo’s post embedded instead of the original).
Kleiner Perkins values Twitter at $4 billion?
Remember when it was a big deal to see rumors that Twitter was raising a $50 million round at a $1 billion valuation ? Or better yet, when they were valued at $250 million ? Rumors swirled Wednesday that a new giant funding round is about to go down, valuing the not-so-fledgling microblogging site at $4 billion. The startup’s supposed valuation had already soared to about $3 billion in the last few weeks, when there was talk that high-stakes investor Digital Sky Technologies (DST), also an investor in Facebook, Groupon and Zynga, was about to inject one its traditionally massive rounds into Twitter.
Various reports in the past couple of weeks have suggested that Twitter is in the process of raising a new round of money that is akin to a hot-and-heavy speed dating session. A couple of weeks ago, the rumor of the day put the company’s valuation in the $3 billion range.
Is Twitter worth $4B? Kleiner Perkins evidently thinks so | VentureBeat
Folks who had a hard time believing that Twitter was worth $1 billion a year ago are going to have an even harder time swallowing the company’s new valuation. AllThingsDigital’s Kara Swisher reports that Twitter just raised a $200 million round that valued the company at $3.7 billion. In a company blog post , CEO Dick Costolo confirmed that the company has raised a new round from Kleiner Perkins Caufield & Byers and existing investors. ( Kleiner partner John Doerr recently said that his firm was wrong to turn Twitter down in its early days). And Twitter has two new board members — Mike McCue, former CEO of Microsoft-acquired TellMe and currently CEO of Flipboard, and David Rosenblatt, former CEO of Google-acquired DoubleClick. (The post doesn’t mention funding amount or valuation.) Earlier speculation has placed Twitter’s new valuation at $3 billion, which led VentureBeat’s executive editor Owen Thomas to ask (since it’s all speculative math), “ Why not $10 billion?
With Kleiner funding, Twitter’s valuation climbs to $3.7 billion
There was a time when white-shoe venture capital firm Kleiner Perkins Caufield & Byers, was the first money in hot new start-ups that defined categories. These days, it seems the best the Sandhill Road firm can do is can try to edge its way into hot Internet start-ups at a massive premium. A good case in point is the recent funding for Twitter. KPCB is leading a $200 million investment round for Twitter which values the fast-growing social information platform at a whopping $3.7 billion. At that price, assuming some, if not all previous investors participated in the round, KPCB got between 4 and 5 percent of Twitter. Now maybe KPCB’s lead partner John Doerr will have to pull out a comment from the archives.
With Twitter Deal Kleiner Perkins Spends for Cachet: Tech News «
Coverage Roundup: Twitter Raises $200M
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Twitter, Now With 125% More Venture Capital
Twitter has raised an additional $200 million in venture capital, primarily from famous VC firm Kleiner Perkins, Kara Swisher reports in a big AllThingsD scoop today. 125% more than all previous rounds of investment in Twitter combined, this brings company's total financing to $360 million. What on earth will it do with all that money? It will attempt to become the communications platform it has always wanted to be. That will probably mean acquisitions, it will probably mean a lot more sales people and advertising and it definitely means that if anyone is going to acquire Twitter, it will need to be for multiple billions of dollars. More likely the company will file to go public on the stock market.
Alexia Tsotsis works for TechCrunch as a writer. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the Media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles... → Learn More photo © 2010 Keith Ramsey | more info (via: Wylio ) The smoke has cleared and the Twitter bidding wars have finally ended , AllThingsD’s Kara Swisher reports that microblogging service Twitter has added another $200 million to its coffers and a $3.7 billion dollar valuation in a funding round led by Kleiner Perkins, beating out DST as we also previously reported . Along with more money Twitter has added two new members to its board, Flipboard’s Mike McCue and DoubleClick’s David Rosenblatt, it confirmed in a blog post it humorously headlined “Stocking Stuffer.”
Twitter Now Worth $3.7 Billion, Nabs $200 Million And Two New Board Members
Affirming reports from a couple weeks ago, Kleiner Perkins Caufield & Byers has led a new $200 million round for Twitter that values the microblogging startup at $3.7 billion. The round is exactly four times larger than the last round raised by Twitter, back in September 2009. Even more amazingly, the round bests other megalithic rounds from earlier this year, including the $147 million Zynga raised from Softbank in June and the $135 million Groupon raised from DST in April. Let’s not forget, however, that Zynga in 2009 raised $180 million from DST at an estimated $3 billion valuation. Just for perspective, while Twitter, Zynga and Groupon are three of the most hyped up Web companies, widely expected to meet and sustain wild success, all three have valuations under $5 billion, a fraction of social titan Facebook’s $50 billion valuation .