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VCExperts: Uber, RingCentral, CirlcleUp Network
VCExperts: Uber, RingCentral, CirlcleUp Network
VCExperts: Uber, RingCentral, CirlcleUp Network
VCExperts: Uber, RingCentral, CirlcleUp Network
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VCExperts: Uber, RingCentral, CirlcleUp Network

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Detailed information on recent funding, pricing, deal terms, valuations, people, and more for Uber Technologies, RingCentral, Inc., and CircelUp Network provided by VCExperts.com.

Detailed information on recent funding, pricing, deal terms, valuations, people, and more for Uber Technologies, RingCentral, Inc., and CircelUp Network provided by VCExperts.com.

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  • 1. August 2013 Spotlight Companies This newsletter contains pricing, valuations and key people data on three trending companies. For more data on any of these companies please visit vcexperts.com. 1 Uber Technologies Picks Up $258 MM The People Behind the $28 MM Valuation Pages 2-4: The following pages have a detailed view of Uber Technologies, RingCentral, and CircleUp. The focus will shift from company to company to show the various data VCE Experts collects. To view the full profile of these companies please visit vcexperts.com. Next Issue: The next issue of Spotlight Companies will examine a pre- IPO company that has filed an S-1. The newsletter will also look at two startups with significant funding early on. www.vcexperts.com (646)290-9254 • Valuation Trend The valuation trend graph shows a company’s post money valuation over time. • Fair Market Value Fair market value is the price a property would sell for in the open market • Key Investors Investors that hold a board seat or have a significant position in the company. RingCentral Dials IPO The software-as-a-service (SaaS) company that provides solutions for business communications filed their S-1 registration statement with the SEC for an Initial Public Offering. Valuation and Pricing history on Pg. 3. The crowdfunding site operates an online social marketplace that supports direct equity investments from individual investors into privately held consumer and retail companies. Details on the people behind the company on pg. 4. The on-demand car service company confirmed they raised a mammoth amount of funding from Google Ventures and TPG. Deal Terms and Valuation metrics on Pg. 2.
  • 2. 2 August 2013: Google Ventures led the $258 MM round with participation from TPG Capital to expand into new markets, accelerate customer and driver acquisition, and fight off protectionist, anti- competitive efforts. Expansion Continues: Uber begins testing in Dubai, and launches in Honolulu, Washington DC, South Africa, Mexico City, Seoul, and Taipei. Valuation Metrics: Investment Amount: $258,000,000.00 Price Per Share: $142.54 (Series C-1) Est. Fully Diluted Shares: 24,417,077 Post-Money Valuation: $3,480,410,247.00 Key People: Travis Kalanick: Co-Founder, CEO Thuan Pham: CTO Ryan Graves: Head of Global Operations Salle Yoo: General Counsel David Drummond: Google Ventures David Bonderman: TPG Capital Uber Technologies Picks Up $258 MM Deal Terms of Investment on 8/1/2013 Round Series C Direction Up Round Liquidation Preference Pari Passu Liquidation Multiple 1.25x Stock Type Conventional Convertible Anti-Dilution Weighted Average Redemption No Cumulative Dividends No Dividend Rate 8% Pay-to-Play Penalties No Reorganization No View the Certificate Address: 800 Market Street, 7th Floor, San Francisco CA 94102 Phone: 650-387-5138 Web: http://www.uber.com Twitter: @Uber
  • 3. 3  About: RingCentral is a Software-as-a –service provider for business communications. The cloud-based approach enables flexibility and a cost-effective solution for effective communication. The Company’s flagship service, RingCentral Office, is a multi-user, enterprise-grade communications solution that enables customers and employees to communicate via voice, text and fax, on multiple devices, including smartphones, tablets, PCs and desk phones.  Growth Strategy: (from S-1 filing) • Focus on Larger RingCentral Office Customers • Continue to Innovate • Grow Revenues from Existing Customers • Expand Distribution Channels • Scale Internationally  Key People: Vladimir Shumnis: CEO, Chairman Clyde Hosein: Exec. VP, CFO David Berman: President Douglas Leone : Sequoia Capital Robert Theis: Scale Venture Partners David Weiden: Khosla Ventures Neil Williams: SVP & CFO Intuit Bobby Yeramilli-Rao: Hermes Growth Partners Tips for Attracting Financing RingCentral Dials IPO Address: 1400 Fashion Island Blvd., 7th Floor, San Mateo, CA 94404 Phone: 650-472-4100 Web: http://www.ringcentral.com Twitter: @RingCentral If you're going to talk “IPO” you have to project a $500 million valuation (i.e., be a big company). Five hundred million dollars is the point at which the dividing line is set between the "holy-grail," (a successful IPO) and the "orphanage" (public issuers whose market cap is too small to attract either analytical coverage or institutional interest on the buy side). * *Tips for Attracting Financing, By Joseph W. Bartlett, Founder VC Experts.com RingCentral: Common vs. Preferred PPS FMV: The price that a property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. Pricing Data: VCE provides a full breakdown of reorganization events, complete with filings. VCE also provides analysis of recapitalization occurrences, disclosure of reverse and forward splits and the price per share of both common and preferred stock. Below is a chart that tracks the price changes of both preferred and common stock. Recently, VCE has been using this chart to predict potential IPO’s. See the whole investment profile at www.vcexperts.com.
  • 4. 4 CircleUp Network’s Key People July 2013: SEC Lifts Ban on General Solicitation: With this new regulation change, startups are able to publicly advertise that they are fundraising. To learn more click here. CircleUp in the Press June 2013: Bloomberg names CircleUp a Titan of Retail. May 2013: CircleUp raises $7.5M Series A: Union Square Ventures, Google Ventures and others participated in the round. VCExperts Valuation: $28MM May 2013: CNBC names CircleUp as a Disruptor 50. Ryan Caldbeck: Co-Founder, CEO. Years in private equity, an MBA from Stanford and plenty of financial licenses have prepared Ryan to help change private fundraising. Rory Eakin: Co-Founder, COO. Rory too has deep understanding of private investment after working at Humanity United, part of the Omidyar enterprises, earning his MBA at Stanford and amassing several licenses. Andy Weissman: Director at CircleUp, Partner at Union Square Ventures. Andy has invested in some awesome companies: Path, Bit.ly, UserVoice, Tumblr, Twitter and more. Google Ventures: Investor in CircleUp. Other investments include: Blue Bottle Company, HomeAway, DocuSign, Airtime and countless others. Google Ventures participated in CircleUp’s most recent round of financing. To see deal terms click here. Address: 1 Hallidie Plaza Suite 503 San Francisco, CA 94102 Phone: 650-387-2444 Web: http://www.circleup.com Twitter: @circleup

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