To IPO or not to IPO
The Social Network
Once upon a time, explains the Gray Lady, an IPO was like a bar mitzvah, a rite of passage that marked a boyish tech startups transformation to adult business.
But with companies like Facebook and Zynga generating real revenue and raising monster capital on the private market, an IPO looks less attractive.
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When news of Goldman Sachs $2 billion investment in Facebook first broke, many interpreted it as the final sign of an imminent IPO.
Goldman was injecting cash into Facebook on favorable terms in order to win itself the inside track to manage the IPO, many reasoned.
But NYU professor Scott Galloway has an intruiging theory. He says Read More
Word on the street is that Tumblr has secured a large new investment from top-flight Silicon Valley VC Sequoia Capital.
Details are scarce right now. Business Insider, which broke the story, has no official confirmation or details on the size of the investment beyond “big.”
Tumblr has great growth, but no real revenue Read More
Chubby Brain released a snapshot of the early stage investments in NYC startups this year.
The numbers may be far from flawless: Chris Dixon of Founders Collective tweeted that they underestimated his group’s NYC deals by a factor of three. Still, the list gives a good sense of the VCs putting money into Read More
The New York Times has joined Gannet, USA Today and The Washington Post to invest $12 million in Ongo, a Silicon Valley startup that helps aggregate news from multiple publishers.
Ongo was founded by eBay veteran Alex Kazim, who has also held roles as President of Skype and VP Marketing at PayPal.
As a thunderstorm raged outside, the mood of dozens of real estate investors at Wednesday’s Distressed Investing Leaders Forum at One World Financial Center was that of general gloom.
“The most optimistic thing I heard today is we won’t be like Japan. It won’t be 20 years,” said Jan Jekielek, the Epoch Times’ director Read More
The all-girls Brearley School has agreed to buy the 12-story, 57-unit building at 85 East End Avenue, just across the street from its building at 610 East 83rd Street.
The school had been eyeing the building for years, and now plans to renovate and remodel it for academic uses, according Read More