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Gigya, Inc.The “Private Company Valuation Report” by VC Experts is aimed at providing specific deal terms and estimated pos...
Gigya, Inc.Gigya develops software that inserts multimedia into emails. The Company brings a level of self-expression dire...
Liquidation Pref.: Pari Passu          National: 36%, Regional: 45%, Industry: 42%Liq. Multiple: 0 - 1x                  N...
Valuation Trend                                                                  Valuation Trend                          ...
Methodology for Cost of Capital BenchmarkThe Cost of Capital Benchmark Chart presents a metric of the companys cost of cap...
Methodology for Valuation TickerThe Valuation Ticker Chart presents the estimated movement of the companys valuation over ...
Fair Market Value per Common ShareFiling Date           Shares                                  Price Per Share2011-03-23 ...
VC Experts.com, Inc. Disclaimer: The information contained herein is from sources deemed reliable; it does not, however, p...
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Gigya, Inc. - Venture Capital Financing Deal Terms & Valuations

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Deal Terms, Pricing, and Valuations of the latest financing rounds for Gigya, Inc. Similar data on thousands of private companies is available in the Valuation & Deal Term Database at http://vcexperts.com.

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Transcript of "Gigya, Inc. - Venture Capital Financing Deal Terms & Valuations"

  1. 1. Gigya, Inc.The “Private Company Valuation Report” by VC Experts is aimed at providing specific deal terms and estimated post-money valuations for the venture-backed company Included in the report are national, regional, and industry averages, company comparisons, investment rounds with deal terms, price .per share, estimated fully diluted shares, and valuation trends. VC Experts has compiled this intense level of data from Federal and State regulatoryfilings as well as strategic partners to aid in better transparency of private company information.Table of Contents Gigya, Inc. Key Management Investors (current and historic) Comparable Private Companies Investment Rounds Valuation Trends Methodology for Cost of Capital Benchmark Methodology for Valuation Ticker Fair Market Value per Common Share FilingsGigya, Inc. C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  2. 2. Gigya, Inc.Gigya develops software that inserts multimedia into emails. The Company brings a level of self-expression directly to email. Gigya offers serviceswherein users can create emails with videos, slide shows, music, widgets, games or even MySpace layout. Address: 1975 Landings Drive, Mountain View CA 94043 Geographic Region: Silicon Valley Industry: Software SIC Codes: 7372 - Prepackaged Software (reproduction of software) NAICS Codes: 511210 - Software Publishers Legal Counsel: Fenwick & West LLP Company Website: http://www.gigya.com/Key Management Investors (current and Comparable Private historic) Companies Eran Kutner, CTO, Co-Founder, Director Eyal Magen, Co-Founder, Chief Strategy Adobe Systems, Inc. 3D Marketing Technologies, Inc. Officer, Director Benchmark Capital 6th Sense Analytics, Inc. (Acquired by Rally Michael Eisenberg, Director Duff Ackerman & Goodrich LLC Software) Navin Chaddha, Director Duff Ackerman & Goodrich LLC (AKA: DAG A10 Networks, Inc. Jake Winebaum, Director Ventures) Above All Software, Inc. Patrick Salyer, CEO, Director First Round Capital Adaptive Planning, Inc. Rooly Eliezerov, Co-Founder, President Mayfield Fund Undisclosed FirmInvestment Data - PreferredInvestment Date Investment Amount Round Number Valuation Est. Fully Diluted Shares Preferred Price Per Share2012-06-11 15.3 5 $110,613,135 18,655,974 $5.93 Round: Series D National: 15%, Regional: 15%, Industry: 14% Direction: Up Round National: 56%, Regional: 60%, Industry: 65% Liquidation Pref.: Pari Passu National: 44%, Regional: 50%, Industry: 50% Liq. Multiple: 0 - 1x National: 92%, Regional: 93%, Industry: 97% Stock Type: Conventional Convertible National: 52%, Regional: 65%, Industry: 61% Anti-Dilution: Weighted Average National: 97%, Regional: 98%, Industry: 99% Redemption: No National: 67%, Regional: 81%, Industry: 80% Cumulative Dividends: No National: 82%, Regional: 94%, Industry: 92%2011-03-02 6.0 4 $71,427,709 14,809,502 $4.82 Round: Series C National: 27%, Regional: 30%, Industry: 27% Direction: Up Round National: 44%, Regional: 50%, Industry: 44% Liquidation Pref.: Pari Passu National: 42%, Regional: 48%, Industry: 46% Liq. Multiple: 0 - 1x National: 89%, Regional: 91%, Industry: 87% Stock Type: Conventional Convertible National: 48%, Regional: 59%, Industry: 49% Anti-Dilution: Weighted Average National: 93%, Regional: 95%, Industry: 95% Redemption: No National: 60%, Regional: 81%, Industry: 58% Cumulative Dividends: No National: 75%, Regional: 93%, Industry: 78%2008-09-19 11.0 3 $65,427,710 13,565,489 $4.82 Round: Series C National: 22%, Regional: 21%, Industry: 20% Direction: Up Round National: 55%, Regional: 63%, Industry: 57% Liquidation Pref.: Pari Passu National: 44%, Regional: 54%, Industry: 49% Liq. Multiple: 0 - 1x National: 93%, Regional: 96%, Industry: 96% Stock Type: Conventional Convertible National: 44%, Regional: 54%, Industry: 45% Anti-Dilution: Weighted Average National: 92%, Regional: 95%, Industry: 95% Redemption: No National: 58%, Regional: 79%, Industry: 58% Cumulative Dividends: No National: 73%, Regional: 95%, Industry: 79%2008-03-10 9.5 2 $26,014,870 5,314,489 $4.90 Round: Series B National: 29%, Regional: 33%, Industry: 29% Direction: Up Round National: 50%, Regional: 57%, Industry: 50% C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  3. 3. Liquidation Pref.: Pari Passu National: 36%, Regional: 45%, Industry: 42%Liq. Multiple: 0 - 1x National: 92%, Regional: 95%, Industry: 94%Stock Type: Conventional Convertible National: 38%, Regional: 48%, Industry: 40%Anti-Dilution: Weighted Average National: 91%, Regional: 96%, Industry: 91%Redemption: No National: 47%, Regional: 76%, Industry: 43%Cumulative Dividends: No National: 69%, Regional: 94%, Industry: 70%Valuation Trend C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  4. 4. Valuation Trend Valuation Trend 125M 10 100M 8 Post-Money Valuation Price Per Share 75M 6 50M 4 25M 2 0M 0 2008-03-10 2008-09-19 2011-03-02 2012-06-11 Post-Money Valuation Price Per Share Highcharts.comMethodology for Cost of Capital Benchmark C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  5. 5. Methodology for Cost of Capital BenchmarkThe Cost of Capital Benchmark Chart presents a metric of the companys cost of capital based on whether the deal terms included in its recentfinancing rounds were "company friendly" or "investor friendly", with comparisons to East Coast and West Coast averages. For example, if the companyissues a security with a liquidation multiple of two, a cumulative dividend, and full ratchet anti-dilution protection, while the average security issued byother companies in its region at that time had a liquidation multiple of one, no dividend, and weighted average anti-dilution protection, the Cost ofCapital Chart would likely show a higher cost of capital for that financing round in relation to regional averages. Relative Cost of Capital Cost of Capital Benchmark 2007 2008 2009 2010 2011 2012 East Coast West Coast Gigya, Inc. Highcharts.comMethodology for Valuation Ticker C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  6. 6. Methodology for Valuation TickerThe Valuation Ticker Chart presents the estimated movement of the companys valuation over a year-long period since its last financing round, basedon a basket of publicly traded stocks in its industry sector. For example, if the companys valuation at the time of its last financing round was $100million, and within a year the value of publicly traded stocks in its industry sector have increased 30 percent, the chart will show the value of thecompany increasing to $130 million. Thus, the Valuation Ticker Chart provides you a more up-to-date estimate of the companys valuation than youwould get by looking at the valuation of its last financing round alone. Valuation Ticker 122500k 120000k 117500k 115000k Est. Post-Money Valuation: $121,398,475 112500k 110000k 107500k From 06/11/2012 to 08/20/2012 Gigya, Inc. Highcharts.comTotal Estimated Fully Diluted Shares as of 06/11/2012: 18,655,974Fair Market Value per Common Share C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  7. 7. Fair Market Value per Common ShareFiling Date Shares Price Per Share2011-03-23 139,100 $0.6500002009-06-30 2,129,570 $0.6500002008-01-30 137,623 $1.144000Filings C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.
  8. 8. VC Experts.com, Inc. Disclaimer: The information contained herein is from sources deemed reliable; it does not, however, purport to constituteinvestment advice nor does VC Experts represent that it contains all information concerning the identified Company deemed necessary or appropriatefor investment decisions. VC Experts is neither a broker/dealer nor investment adviser and has no financial interest in the Company analyzed nor in thesale or purchase of any of its securities. The information and data are for reference purposes only and no implied or expressed warranties orassurances as to its accuracy or completeness are furnished by VC Experts. Estimates of valuation are, as indicated, estimates based on suchinformation as we found available, the completeness of which is neither represented or guaranteed; users for any purpose are cautioned and requiredto undertake and perform their own investigations and due diligence. To the extent that the information incorporates content from specified sourcesof financial information, VC Experts disclaims any responsibility for the accuracy or completeness of such content.About VC Experts.com, Inc.: VC Experts.com provides specialized content, valuation & term sheet data on thousands of venture capital financingevents, and analytics for managing & modeling private company capital structures. Visit VCExperts.com for more information. C reated on 2012-08-21 and authorized by VC Experts.com. C opyright © 2012 VC Experts.com, Inc.

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