Re:37 YC Companies have valuations of or been sold for at le...
by rdl on Sunday May 26, 2013 @10:21PM
(#5773145)
CloudKick (to Rackspace) was probably over $40mm, or close to it.
Re:37 YC Companies have valuations of or been sold for at le...
by jcampbell1 on Sunday May 26, 2013 @10:52PM
(#5773220)
I doubt your info is correct. IIRC, CloudKick had 10 employees and little revenue. $40M seems like a steep price.
If Cloudkick's product was generating material revenue, they wouldn't have shut it down recently.
My arm chair quaterbacking puts the deal closer to $10M for investors, and maybe a nice bit of earnout.
Re:37 YC Companies have valuations of or been sold for at le...
by rdl on Sunday May 26, 2013 @10:57PM
(#5773231)
https://www.quora.com/How-much-was-Cloudkick-acquired-for
$30-50mm seems to be the consensus in this and some other places.
$30MM cash was in the 10-K filing.
Re:37 YC Companies have valuations of or been sold for at le...
by jcampbell1 on Sunday May 26, 2013 @11:34PM
(#5773303)
Thanks, you are correct. I pulled the Feb 2011 10k, and it is clear -- $30M cash. No other acquisitions were mentioned, so that must be it. That being said, they show no earnouts for FY 2011 or 2012, but that could be because retention payments just got misclassified as comp. I stand by your >$40M comment as justifiable, likely accurate, and definitely more accurate than my estimation.
From the 10K > During 2010, except for the $50 million repayment of our line of credit and cash paid for an acquisition of $30 million, we were able to maintain a consistent level of cash and cash equivalents while growing our business by maintaining our disciplined use of capital.
Heroku - W08 - $212M > Salesforce [1]
OMGPOP - S06 - $180M > Znyga [2]
SocialCam - W12 - $60M > Autodesk [3]
Loopt - S05 - $43.4M > Green Dot [4]
$40M+ Exits with Rumored Prices:
Parse - S11 - $85M > Facebook [5]
[1] http://techcrunch.com/2010/12/08/breaking-salesforce-buys-he...
[2] http://techcrunch.com/2012/04/26/zynga-ceo-mark-pincus-omgpo...
[3] http://techcrunch.com/2012/07/17/socialcam-autodesk-60-milli...
[4] http://www.forbes.com/sites/ericsavitz/2012/03/09/green-dot-...
[5] http://techcrunch.com/2013/04/25/facebook-parse/