LivingSocial再融資之謎
????最新消息2:我剛開始瀏覽LivingSocial提交給特拉華州的監管文件。內容很長,但這輪融資顯然是優先股交易(也即股權投資)。這跟PrivCo報告的結論截然不同,該機構稱“今天的這輪融資不涉及股權或股票。” ????此外,這份文件還稱投資者“有權獲得3%的累計優先股股利。”而PrivCo卻稱存在“兩位數的年度現金股利。” ????這份文件沒有指明新一輪融資的投資者都有哪些,但《財富》了解到,其中包括亞馬遜和風投公司Revolution這些原有的投資者,而沒有參與這輪融資的投資者包括Grotech Ventures、光速創投(Lightspeed Venture Partners)以及普萊斯基金(T. Rowe Price)。 ????另外值得一提的是,據我采訪的一位接近LivingSocial的消息人士稱,有外部投資者愿意在同等估值水平上參與融資,但該公司還是決定繼續接受現有投資者的資金。這位潛在的投資者據稱是一個“耳熟能詳的人物”,并非一家風險投資公司。這位消息人士堅稱,LivingSocial并不是再過幾天或是幾周就要破產,該公司在2月份最低點時仍手握2,800萬美元現金,即使沒有新一輪的融資,LivingSocial也在計劃穩步增加現金儲備。即使這個數字沒有增加,新一輪融資也沒能完成,LivingSocial仍然可以存活數月之久。(財富中文網) ????譯者:王燦均 |
????UPDATE II: I have just begun skimming through LivingSocial's charter filing with Delaware. It's long, but this round clearly was preferred stock (i.e., equity). This is in stark contract to what PrivCo reported, when it claimed that "EQUITY or stock was NOT issued today." ????Moreover, the filing says that participants "shall be entitled to receive cumulative dividends at the rate of three percent." Again, PrivCo had claimed "Double-digit annual cash dividends." ????The filing does not identify investors in the new round, but Fortune has learned that they included existing backers Amazon and Revolution. Among those insiders not participating were Grotech Ventures, Lightspeed Venture Partners and T. Rowe Price. ????Also worth noting that I spoke with a source close to the company, who tells me that the competing term sheet was at the same valuation as what insiders offered, but that company decided to stick with its current investors. The prospective investor was said to be a "familiar name," but not a venture capital firm. That same source insists LivingSocial was not days or weeks away from a bankruptcy filing, adding that it had around $28 million in cash at its February low point and was on plan to steadily increase that number even without the new financing. Had that figure not increased, and had no new investment been forthcoming, it still could have survived for several more months. |