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Private Company Valuations: Slide, Inc.

Posted by Justin Byers, Lead Business Intelligence Analyst on August 07, 2008

If you've ever used a social networking site, chances are that you have either used or seen widgets from Slide, Inc. Their widgets can be found on numerous different social networking sites. The VC Experts team has analyzed several rounds of financing from the company, and the findings of the most recent round are below. The complete report can be found here.

• On June 23, 2005, the company filed an "Amended and Restated Certificate of Incorporation" The results of this filing were:

  • Authorized the company to issue 20,000,000 shares of Common Stock

  • Authorized a second class of stock to be designated as "Preferred Stock". The first series of "Preferred Stock" was designated as "Series A Preferred Stock" and consisted of 10,000,000 authorized shares. The deal terms of the "Series A Preferred Stock" were as listed below:

• On July 28, 2005, the company filed its "Second Amended and Restated Certificate of Incorporation". The results of this filing were:

  • Increase in the number of authorized "Common Stock" shares to 28,000,000

  • Decreased the number of authorized shares of "Series A Preferred Stock" to 9,600,000

  • A second series of preferred stock was created and designated as the "Series B Preferred Stock" and it consisted of 8,000,000 authorized shares.

  • Investors of this round included BlueRun Ventures and The Founders Fund

  • The deal terms of the "Series B Preferred Stock" were as listed below:

• On October 27, 2006, the company filed its "Third Amended and Restated Certificate of Incorporation". The results of this filing were:

  • Increase the number of authorized "Common Stock" shares to 37,650,000

  • A third series of preferred stock was created and designated as the "Series C-1 Preferred" and it consisted of 1,250,000 authorized shares.

  • A fourth series of preferred stock was created and designated as the "Series C Preferred" and it consisted of 6,000,000 authorized shares.

  • Investors in this round included BlueRun Ventures, Mayfield Fund, The Founders Fund, and Khosla Ventures

  • The deal terms of the "Series C Preferred Stock" were as listed below:

• On December 29, 2006, the company filed its "Fourth Amended and Restated Certificate of Incorporation". Upon the filing of this Amended and Restated Certificate of Incorporation, there was a 1 to 3 "stock split" of every issued and outstanding share of the companies Common and Preferred stock. The adjusted authorized share amounts and price amounts of each class and series were as follows:

  • The total number of shares of Common Stock authorized was adjusted to 112,950,000

  • The total number of shares of Series A Preferred stock authorized was adjusted to 28,800,000 and the Series A Preferred price per share was adjusted to $.0417.

  • The total number of shares of Series B Preferred stock authorized was adjusted to 24,000,000 and the Series B Preferred price per share was adjusted to $.3333.

  • The total number of shares of Series C-1 Preferred stock authorized was adjusted to 3,750,000 and the Series C-1 Preferred price per share was adjusted to $.833

  • The total number of shares of Series C Preferred stock authorized was adjusted to 18,000,000 and the Series C Preferred price per share was adjusted to $1.14

• On January 14, 2008, the company filed its "Fifth Amended and Restated Certificate of Incorporation". The results of this filing were:

  • Increase the number of authorized "Common Stock" shares to 132,450,000

  • A fifth series of preferred stock was created, "Series D Preferred Stock" and it consisted of 13,000,000 authorized shares

  • Investors in this round included Fidelity Investments and T. Rowe Price.

  • The deal terms of the "Series D Preferred Stock" were as listed below:

Cost of Capital Benchmark (What's This?)

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