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Company Description
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Investments
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Graphical Analysis
General Information
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Files
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ChosenSecurity, Inc. |
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Needham, MA
http://www.chosensecurity.com
Jim Harrison
Vice President, Finance
1000 Highland Avenue Suite 200
Needham, MA 2494
866-468-2180
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Develops and provides identity verification and online security solutions and services. The Company offers enterprise authentication services that secure access to VPNs and portals; access control software that can be applied to any form factor, including software, tokens or smart cards; client certificates to allow secure email; root signing and root hosting; and digital signing services for online invoicing, time stamping and signatures.
Geographic Region: New England
Industry Sector: Software
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Investors
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.406 Ventures (AKA: Point 406 Ventures) |
Castile Ventures |
Prism VentureWorks (FKA:Prism Venture Partners) |
St. Paul Venture Capital, Inc. |
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Investments - Tabular Analysis
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05/25/2007 |
Round Number |
1 |
Total Investment |
8.00 |
Stage |
Expansion |
Investors |
.406 Ventures (AKA: Point 406 Ventures)
Castile Ventures
Prism VentureWorks (FKA:Prism Venture Partners)
St. Paul Venture Capital, Inc.
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Deal Terms - Tabular Analysis
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05/25/2007 |
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Post-Money Valuation
(best-estimate based on regulatory filings)
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$ 21,764,673
(© 2008 VC Experts.com, Inc.) |
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Round of Financing
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Series A |
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Natl: 35% |
Reg: 35% |
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Type of Preferred Stock
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Participating Preferred |
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Natl: 68% |
Reg: 58% |
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Capped Participating Preferred
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Yes |
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Natl: 34% |
Reg: 34% |
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Liquidation Preference for the Current Round
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Not Applicable |
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Natl: 31% |
Reg: 30% |
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Multiple of the Liquidation Preference: 1x; 2x; 3x; > 3x.
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0 - 1x |
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Natl: 92% |
Reg: 95% |
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Round Direction
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Not Applicable |
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Natl: 31% |
Reg: 30% |
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Anti-Dilution Protection
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Weighted Average |
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Natl: 90% |
Reg: 90% |
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Redemption at Investor's Option
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Yes |
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Natl: 59% |
Reg: 84% |
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Pay-to-Play Penalties
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Conversion of Preferred Stock into Shadow Preferred Stock |
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Natl: 20% |
Reg: 23% |
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Cumulative Dividends
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Yes |
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Natl: 36% |
Reg: 50% |
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Reorganization or Recapitalization
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No |
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Natl: 93% |
Reg: 93% |
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Cost of Capital Benchmark
The Cost of Capital Benchmark is a analytics tool, defined in a graphical format whose independent variables are time, industry, and region. The value of such a tool lies in its capability to reduce a venture capital deal to a numerical value and then compare that numerical representation to a baseline.
The core of the benchmark involves a propriatary algorithm to establish a numerical representation of the deal. The evaluation scale ranges from -1 (fully company-friendly) to +1 (fully-investor-friendly). Thus a common stock deal with weighted average antidilution would carry a much lower number than a full-ratchet, series D, down round. The algorithm is based on expert, internal research into subjective valuation and feedback from professionals in the industry.
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Last Updated: February 20, 2008
How Does KIT Work?
Each company tearsheet is divided into three tabs: Company Description, Investments, and Graphical Analysis. You can move between each tab by clicking on it at the top of the tearsheet.
Company Description
Here you will find such information as the company location and main executive, or point of contact. You will also receive a breakdown of the investments and investors. By clicking on an investor's name, you will be taken to a brief overview page of that investment firm.
