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VC Experts Intelligence: Twitter Pre-IPO & Pure Storage Stock Price Analysis

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Twitter Pre-IPO & Pure Storage Stock Price Analysis:
A closer look at the shares authorized with Common and Preferred pricing details, Valuations, Deal Terms, Investors, and more...

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VC Experts Intelligence: Twitter Pre-IPO & Pure Storage Stock Price Analysis

  1. 1. Editors: Anna Hockaday & Amanda Akin Copyright © 2013 VC Experts.com, Inc. Pre-IPO Company Twitter provides blog services which are available via IM, mobile text messaging, or the Web. Twitter is a service for friends, family, and co-workers to communicate and stay connected through the exchange of quick, frequent answers. View Pre-IPO Stock Price Analysis graph for Twitter on page 2. NEW! Twitter Pre-IPO Stock Price Analysis NEW BOOK! Delaware Cases Relevant to the Venture Capital and Private Equity Community By Potter Anderson Corroon LLP VC Experts Encyclopedia added a new book! Potter Anderson & Corroon LLP attorneys will provide updates on decisions of the Delaware Court of Chancery and the Supreme Court of Delaware that are particularly relevant to the venture capitalist community. These courts are among the most influential tribunal in the world regarding corporate matters and alternative entities and therefore contribute significantly to shaping the law that affects sophisticated venture capitalist transactions. View table of contents on page 4. Inside This Issue 2 Investment Profile: Twitter 2 Pre-IPO Stock Price Analysis: Twitter 3 Investment Profile: Pure Storage 3 Valuation Trend Chart: Pure Storage 4 Delaware Cases Relevant to the Venture Capitalist Community 4 VC Experts Calendar of Events VC Experts Buzz VC Experts’ Intelligence Team PRESS@VCEXPERTS.COM 646.290.9254 September 26, 2013 NEW! Pure Storage Hoards $150MM Pure Storage, Inc. provides enterprise storage solutions. The Company's products enhance random I/O-intensive applications, such as server virtualization, desktop virtualization (VDI), database (OLTP, rich analytics/OLAP, SQL, NoSQL), and cloud computing. View valuations, estimated fully diluted shares and preferred price per share on page 3. For Event Listings on Private Equity and Venture Capital Check Out VC Experts' Calendar of Events-2013
  2. 2. Editors: Anna Hockaday & Amanda Akin Copyright © 2013 VC Experts.com, Inc. PAGE 2 VC EXPERTS NEWSLETTER Series of Preferred Authorized Shares Preferred Price Per Share Investment Amount Total Preferred Investment* Series A 79,968,562 $0.0011115 $88,885 $766,181,496 Series B 49,324,068 $0.1111115 $5,480,471 Series C 62,933,628 $0.34331 $21,605,743 Series D 50,981,652 $.7185945 $36,635,134 Series E 38,431,500 $2.6637335 $102,371,274 Incentive Pool** Series F 26,197,900 $7.6342 $200,000,008 159,398,554 Shares Series G-1 10,097,159 $16.0936346 $162,499,987 Series G-2 14,757,387 $16.0936346 $237,499,994 Pre-IPO Stock Price Analysis: Twitter Address: 1355 Market St, Suite 900, San Francisco CA 94103 Region: Silicon Valley Industry: Media and Entertainment Legal Counsel: Fenwick & West LLP Website: www.twitter.com Twitter: @twitter As of the latest filing, the Series G & F are pari-passu with each other in the liquidation stack. None of the preferred is participating. These preferences only come into play if the valuation is not at a point that upon an “exit” all of the preferred holders convert to common. As of 11/18/2011, there was a recent addition of the Class A Junior Preferred, that could account for some of the secondary shares. These shares are at the bottom of the liquidation stack, right above the common shares. As of 07/26/2011 (and prior to the Class A Junior Preferred) the EFDS count was just shy of 500 MM shares. Investment Profile: Twitter as of 08/09/2013 View Deal Terms *Total Series Preferred Investment is based on authorized share count and if all authorized is issued, and does not include any secondary transactions. ** Incentive Pool shares are based on available regulatory filings.
  3. 3. Editors: Anna Hockaday & Amanda Akin Copyright © 2013 VC Experts.com, Inc. PAGE 3VC EXPERTS NEWSLETTER Investment Date Investment Amount Post-Money Valuation Est. Fully Diluted Shares Preferred Price Per Share 08/29/2013 $150MM $1,206,883,376 87,057,879 $13.86 08/08/2012 $40MM $499,316,532 Click to View Click to View 07/27/2011 $1.99MM $232,514,746 Click to View Click to View 07/08/2011 $15MM $230,524,743 Click to View Click to View 06/09/2011 $27.22 $229,304,742 Click to View Click to View Investment Profile: Pure Storage, Inc. Valuation Trend Chart: Pure Storage, Inc. Address: 650 Castro Street, Suite 400, Mountain View CA 94041 Region: Silicon Valley Industry: IT Services Legal Counsel: Cooley Godward & Kronish LLP Website: www.purestorage.com Twitter: @PureStorage View Deal Terms The $150MM Series E round was led by T. Rowe Price, Tiger Global Management and other public market investors. Previous investors including Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures and Sutter Hill Ventures also participated in the round.
  4. 4. Editors: Anna Hockaday & Amanda Akin Copyright © 2013 VC Experts.com, Inc. PAGE 4 VC EXPERTS NEWSLETTER Event Date Location VC Taskforce: Elevator Pitch Roundtable Plus One Hour with an Attorney Oct. 2 Palo Alto, CA Best Practices for Overseeing Private Equity Portfolio Companies Oct. 3 New York, NY Endowment & Foundation Forum Oct. 7-9 Boston, MA High Frequency Trading Leaders Forum Oct. 8 Chicago, IL Hedge Funds Leaders Forum Oct. 8 Chicago, IL Derivatives Trading Forum Oct. 8 Chicago, IL Raising Private Equity Funds from Family Offices & Wealthy Individuals Oct. 10 New York, NY VC EXPERTS Calendar of Events View More Event Listings NEW BOOK! Delaware Cases Relevant to the Venture Capital and Private Equity Community By Potter Anderson Corroon LLP Table of Contents:  Introduction  Potter Anderson Corroon Indices to Delaware Cases  Chronological Index to the year in Review - Key Delaware Cases of 2011  Chronological Index to the year in Review - Key Delaware Cases of 2012  Chronological Index to the year in Review - Key Delaware Cases of 2013  The Year In Review – Key Delaware Cases of 2011  The Year In Review – Key Delaware Cases of 2012  The Year In Review – Key Delaware Cases of 2013

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