As per form n-2, GSVC announced investments in Twitter, Groupon and an indirect investment in Zynga, via PJB Fund. In my opinion, this makes GSVC the best way to play the booming private market, hands down. They are pricing a $100 million deal, led by new underwriter, Citigroup—another major upgrade. I realize the market is fucked up here and people don’t know much about GSVC, but this is fantastic news.
Here are GSVC’s current allocations, after investing 82% of capital raised in IPO.
| Investment (1) (2) | Amount Invested (3) |
Source(s) | Description | |||
| Bloom Energy Corporation | $1,771,335 | Secondary marketplace and direct from stockholder | Provider of solid oxide fuel cell technology that generates power onsite from a wide variety of fuel sources | |||
| Chegg, Inc. | $5,999,996 | Direct from stockholder | Online textbook rental company serving students nationwide | |||
| Facebook, Inc. | $6,587,500 | Secondary marketplace | Leading online social network | |||
| Gilt Groupe, Inc. | $5,499,250 | Secondary marketplace and direct from stockholder | Online shopping destination offering its members access to discounted prices on merchandise, restaurants and vacations | |||
| Groupon, Inc. | $2,035,200 | Secondary marketplace | Online provider of daily coupons for various consumer products | |||
| Kno, Inc. | $2,250,000 | Direct from issuer | Provider of education software, digital textbooks and social engagement tools for students | |||
| PJB Fund LLC (4) | $4,000,000 | Direct from borrower | Investment linked to the value of Zynga, Inc., a developer of online social games | |||
| Serious Energy, Inc. | $712,380 | Secondary marketplace | Products and services to make buildings more energy-efficient | |||
| SharesPost, Inc. | $2,250,000 | Direct from issuer | Online marketplace for the exchange of private company equity | |||
| Silver Spring Networks, Inc. | $200,000 | Secondary marketplace | Hardware, software and services that connect devices on the smart grid | |||
| Twitter, Inc. | $6,932,493 | Secondary marketplace and direct from stockholder | Short messaging platform | |||
| Total | $38,238,154 |
On this news, I am bidding for more shares of GSVC and have executed several orders.
If you enjoy the content at iBankCoin, please follow us on Twitter
zombie is a looser
GSVC seems sortta like a CMGi from yesteryear !
.
…“internet incubator” … was the HOT NEW word back then !
.
>>GSVC announced investments in Twitter, Groupon and an indirect investment in Zynga…<<
I don't know about the profitability of those other companies but Groupon isn't a business. They're running out of cash and the insiders were dumping like crazy. I agree with the guy above who called GSVC the reincarnation of CMGI– smart money wouldn't be investing in Groupon nor, by association, in GSVC, which is paying bubble-era prices for most of this stuff.
Their plan is to exit said investments upon IPO. They intend to serve as a bridge between private and public markets.
Right, understood, but I wouldn’t be surprised if most of those companies wind up IPO’ing (if they get off at all) at lower prices than their most recent private rounds.
Which stocks are most affected by the hurricane hysteria? Insurers? Refiners? Home builders? Hardware retailers? This storm gives an interesting time frame as the damage will likely occur sometime between Friday’s close and Monday’s open.
Refiners are the best plays
I’m buying this dip.
the new web page look pretty cool.