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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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WorkMetro, Inc. |
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San Jose, CA
http://www.workmetro.com
David Lambert
CEO & Founder
Two West Santa Clara Street First Floor
San Jose, CA 95113
408-404-3322
Legal Counsel: Gunderson Dettmer Stough Villeneuve Franklin Hachigian, LLP
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Provides locally-focused online recruiting solutions. The Company specializes in the development and operation of employment websites tailored to the local recruiting needs of employers in major metropolitan markets throughout the United States.
Geographic Region: Silicon Valley
Industry Sector: IT Services
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Investors
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Bessemer Venture Partners |
JAFCO Ventures |
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Investments - Tabular Analysis
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08/17/2007 |
12/16/2005 |
Round Number |
2 |
1 |
Total Investment |
1.00 |
2.00 |
Stage |
Expansion |
Expansion |
Investors |
JAFCO Ventures
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Bessemer Venture Partners
JAFCO Ventures
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Deal Terms - Tabular Analysis
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03/15/2005 |
12/13/2005 |
08/15/2007 |
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Post-Money Valuation
(best-estimate based on regulatory filings)
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$ 2,087,279
(© 2008 VC Experts.com, Inc.) |
$ 10,405,364
(© 2008 VC Experts.com, Inc.) |
$ 13,536,709
(© 2008 VC Experts.com, Inc.) |
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Round of Financing
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Series A |
Series B |
Series B |
Natl: 35% |
Reg: 30% |
Natl: 28% |
Reg: 28% |
Natl: 28% |
Reg: 28% |
Type of Preferred Stock
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Conventional Convertible |
Participating Preferred |
Participating Preferred |
Natl: 32% |
Reg: 32% |
Natl: 68% |
Reg: 68% |
Natl: 68% |
Reg: 68% |
Capped Participating Preferred
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Yes |
Yes |
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Natl: 34% |
Reg: 40% |
Natl: 34% |
Reg: 40% |
Liquidation Preference for the Current Round
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Senior |
Pari Passu |
Pari Passu |
Natl: 37% |
Reg: 35% |
Natl: 32% |
Reg: 40% |
Natl: 32% |
Reg: 40% |
Multiple of the Liquidation Preference: 1x; 2x; 3x; > 3x.
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0 - 1x |
0 - 1x |
0 - 1x |
Natl: 92% |
Reg: 90% |
Natl: 92% |
Reg: 90% |
Natl: 92% |
Reg: 90% |
Round Direction
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Up Round |
Up Round |
Up Round |
Natl: 46% |
Reg: 50% |
Natl: 46% |
Reg: 50% |
Natl: 46% |
Reg: 50% |
Anti-Dilution Protection
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Weighted Average |
Weighted Average |
Weighted Average |
Natl: 90% |
Reg: 95% |
Natl: 90% |
Reg: 95% |
Natl: 90% |
Reg: 95% |
Redemption at Investor's Option
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No |
Yes |
Yes |
Natl: 41% |
Reg: 73% |
Natl: 59% |
Reg: 27% |
Natl: 59% |
Reg: 27% |
Pay-to-Play Penalties
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Cumulative Dividends
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No |
No |
No |
Natl: 64% |
Reg: 93% |
Natl: 64% |
Reg: 93% |
Natl: 64% |
Reg: 93% |
Reorganization or Recapitalization
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No |
No |
No |
Natl: 93% |
Reg: 92% |
Natl: 93% |
Reg: 92% |
Natl: 93% |
Reg: 92% |
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.
