Investments - Tabular Analysis
| |
03/18/2008 |
11/27/2006 |
11/01/2005 |
07/01/2005 |
02/18/2005 |
06/30/2004 |
Round Number |
6 |
5 |
4 |
3 |
2 |
1 |
Total Investment |
30.00 |
15.00 |
11.00 |
3.00 |
2.00 |
9.00 |
Stage |
Late Stage |
Late Stage |
Expansion |
Expansion |
Expansion |
Startup/Early Stage |
Investors |
Domain Associates LLC
Domain Associates LLC
Individuals
Intersouth Partners
Intersouth Partners
Polaris Venture Partners
Scale Venture Partners (FKA: BA Venture Partners)
Venrock Associates
Venrock Associates
|
Domain Associates LLC
Individuals
Intersouth Partners
Polaris Venture Partners
Scale Venture Partners (FKA: BA Venture Partners)
Venrock Associates
|
C&B Capital (AKA: Croft & Bender)
Domain Associates LLC
Intersouth Partners
Polaris Venture Partners
Scale Venture Partners (FKA: BA Venture Partners)
Venrock Associates
|
Domain Associates LLC
Polaris Venture Partners
|
Domain Associates LLC
Polaris Venture Partners
|
C&B Capital (AKA: Croft & Bender)
Domain Associates LLC
Intersouth Partners
Polaris Venture Partners
Scale Venture Partners (FKA: BA Venture Partners)
|
Deal Terms - Tabular Analysis
| |
03/14/2008 |
11/22/2005 |
|
Post-Money Valuation
(best-estimate based on regulatory filings)
|
$ 127,736,253
(© 2008 - 2009 VC Experts.com, Inc.) |
$ 79,751,518
(© 2008 - 2009 VC Experts.com, Inc.) |
|
Round of Financing
|
Series C |
Series B |
Natl: 20% |
Reg: 18% |
Natl: 29% |
Reg: 28% |
Type of Preferred Stock
|
Participating Preferred |
Participating Preferred |
Natl: 68% |
Reg: 72% |
Natl: 68% |
Reg: 72% |
Capped Participating Preferred
|
No |
No |
Natl: 66% |
Reg: 73% |
Natl: 66% |
Reg: 73% |
Liquidation Preference for the Current Round
|
Pari Passu |
Pari Passu |
Natl: 32% |
Reg: 25% |
Natl: 32% |
Reg: 25% |
Multiple of the Liquidation Preference: 1x; 2x; 3x; > 3x.
|
0 - 1x |
0 - 1x |
Natl: 92% |
Reg: 89% |
Natl: 92% |
Reg: 89% |
Round Direction
|
Up Round |
Up Round |
Natl: 46% |
Reg: 46% |
Natl: 46% |
Reg: 46% |
Anti-Dilution Protection
|
Weighted Average |
Full Ratchet |
Natl: 90% |
Reg: 88% |
Natl: 10% |
Reg: 12% |
Redemption at Investor's Option
|
Yes |
Yes |
Natl: 59% |
Reg: 65% |
Natl: 59% |
Reg: 65% |
Pay-to-Play Penalties
|
|
Conversion of Preferred Stock into Common Stock |
| |
|
Natl: 77% |
Reg: 83% |
Cumulative Dividends
|
Yes |
Yes |
Natl: 36% |
Reg: 57% |
Natl: 36% |
Reg: 57% |
Reorganization or Recapitalization
|
No |
No |
Natl: 93% |
Reg: 95% |
Natl: 93% |
Reg: 95% |
Valuation Ticker
The Valuation Ticker is a venture capital valuation tracking tool that utilizes the average daily close prices of public companies in particular industries. Each of these companies received venture capital or private equity funding prior to their IPO.
Utilizing averages from 1999 to present, these daily figures are then applied to the most recent post-money valuation of a private, venture-backed company within the same industry, as calculated by VC Experts, to simulate the movement of that company's valuation on a daily basis.
Additional data is utilized as a comparative measure, including the NASDAQ and S&P 500 indexes. With this tool, VCs, hedge fund managers, investment bankers and other investor groups can create a bucket of comparable analysis, as well as determine potential entry points when to go public.
