Micro cap company, GSV Capital (GSVC), reported they took a 225,000 share stake in privately held Facebook at $29.28 per share, valuing Facebook at more than $70 billion.
The transaction makes up 15% of GSV’s portfolio, who focuses on taking stakes in privately held companies, typically around the $100 million to $1 billion range.
CEO, Michael Moe said “Facebook is a one-of-a-kind business which has created enormous network effects. With over 650 million people on its platform, or approximately 1/10 of the world’s population, Facebook has established itself as a next generation social communications platform.”
Shares of GSVC soared by 41% today, making it a highly visible way to invest in soon to be public Facebook.
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