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News Corp. - Intermix: VC Payday: Bill Burnham picks up on VCs victorious in a detailed look at the financing of MySpace and Intermix or, as he puts it, "A VC Social Networking Payday ... Finally." Burnham writes: "For VCs, this sale is significant because it represents the first real payday in the social networking space, a space that to date has seen lots of VC hype but very little returns." He taps into the Intermix SEC filings for data. Redpoint invested $4 million in Intermix in December 2004 and $11.5 million in MySpace two months later for a 25 percent stake. Intermix negotiated in the right to buu the MySpace shares it didn't own for a fixed price -- $125 million -- if the company sold within 12 months. As a result, Burnham explains, Redpoint's share of MySpace is worth $31.25 million, a 2.7X return. The investment in Intermix should bring about $13.2 million, a 3.3X return.
VantagePoint stands to make $139 million at the rate of $12 a share, some of it because someone at Sony didn't do their homework when constructing a deal to sell VantagePoint options on shares once held by a Sony VC fund 550 Digital Media Ventures. The return on VantagePoint's total investment: 9.1X. Many more details for VC aficianados in Burnham's piece. [by staci] [Jul.18, 05] | Fox Interactive |VC/M&A |
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i tried quoting the ebay link for best friend but messed up.
anyways, .99 cents is cheaper than a happy meal.
i'd say she got a raw deal on that one.
did you win that bid?
Ebay Best Friend Auction
click the link for bonus pics
lol
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One of TEH BEST lines in a movie EV4R:
"What you just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response were you close to anything that could be considered a rational thought. Everyone in this room is now dumber for having heard it. I award you no points and may God have mercy on your soul."
Oh, and shampoo. Duh.