Mais conteúdo relacionado Gigya, Inc. - Venture Capital Financing Deal Terms & Valuations1. Gigya, Inc.
The “Private Company Valuation Report” by VC Experts is aimed at providing specific deal terms and estimated post-money valuations for the venture-
backed company Included in the report are national, regional, and industry averages, company comparisons, investment rounds with deal terms, price
.
per share, estimated fully diluted shares, and valuation trends. VC Experts has compiled this intense level of data from Federal and State regulatory
filings as well as strategic partners to aid in better transparency of private company information.
Table of Contents
Gigya, Inc.
Key Management
Investors (current and historic)
Comparable Private Companies
Investment Rounds
Valuation Trends
Methodology for Cost of Capital Benchmark
Methodology for Valuation Ticker
Fair Market Value per Common Share
Filings
Gigya, Inc.
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2. Gigya, Inc.
Gigya develops software that inserts multimedia into emails. The Company brings a level of self-expression directly to email. Gigya offers services
wherein users can create emails with videos, slide shows, music, widgets, games or even MySpace layout.
Address: 1975 Landings Drive, Mountain View CA 94043
Geographic Region: Silicon Valley
Industry: Software
SIC Codes: 7372 - Prepackaged Software (reproduction of software)
NAICS Codes: 511210 - Software Publishers
Legal Counsel: Fenwick & West LLP
Company Website: http://www.gigya.com/
Key Management Investors (current and Comparable Private
historic) Companies
Eran Kutner, CTO, Co-Founder, Director
Eyal Magen, Co-Founder, Chief Strategy Adobe Systems, Inc. 3D Marketing Technologies, Inc.
Officer, Director Benchmark Capital 6th Sense Analytics, Inc. (Acquired by Rally
Michael Eisenberg, Director Duff Ackerman & Goodrich LLC Software)
Navin Chaddha, Director Duff Ackerman & Goodrich LLC (AKA: DAG A10 Networks, Inc.
Jake Winebaum, Director Ventures) Above All Software, Inc.
Patrick Salyer, CEO, Director First Round Capital Adaptive Planning, Inc.
Rooly Eliezerov, Co-Founder, President Mayfield Fund
Undisclosed Firm
Investment Data - Preferred
Investment Date Investment Amount Round Number Valuation Est. Fully Diluted Shares Preferred Price Per Share
2012-06-11 15.3 5 $110,613,135 18,655,974 $5.93
Round: Series D National: 15%, Regional: 15%, Industry: 14%
Direction: Up Round National: 56%, Regional: 60%, Industry: 65%
Liquidation Pref.: Pari Passu National: 44%, Regional: 50%, Industry: 50%
Liq. Multiple: 0 - 1x National: 92%, Regional: 93%, Industry: 97%
Stock Type: Conventional Convertible National: 52%, Regional: 65%, Industry: 61%
Anti-Dilution: Weighted Average National: 97%, Regional: 98%, Industry: 99%
Redemption: No National: 67%, Regional: 81%, Industry: 80%
Cumulative Dividends: No National: 82%, Regional: 94%, Industry: 92%
2011-03-02 6.0 4 $71,427,709 14,809,502 $4.82
Round: Series C National: 27%, Regional: 30%, Industry: 27%
Direction: Up Round National: 44%, Regional: 50%, Industry: 44%
Liquidation Pref.: Pari Passu National: 42%, Regional: 48%, Industry: 46%
Liq. Multiple: 0 - 1x National: 89%, Regional: 91%, Industry: 87%
Stock Type: Conventional Convertible National: 48%, Regional: 59%, Industry: 49%
Anti-Dilution: Weighted Average National: 93%, Regional: 95%, Industry: 95%
Redemption: No National: 60%, Regional: 81%, Industry: 58%
Cumulative Dividends: No National: 75%, Regional: 93%, Industry: 78%
2008-09-19 11.0 3 $65,427,710 13,565,489 $4.82
Round: Series C National: 22%, Regional: 21%, Industry: 20%
Direction: Up Round National: 55%, Regional: 63%, Industry: 57%
Liquidation Pref.: Pari Passu National: 44%, Regional: 54%, Industry: 49%
Liq. Multiple: 0 - 1x National: 93%, Regional: 96%, Industry: 96%
Stock Type: Conventional Convertible National: 44%, Regional: 54%, Industry: 45%
Anti-Dilution: Weighted Average National: 92%, Regional: 95%, Industry: 95%
Redemption: No National: 58%, Regional: 79%, Industry: 58%
Cumulative Dividends: No National: 73%, Regional: 95%, Industry: 79%
2008-03-10 9.5 2 $26,014,870 5,314,489 $4.90
Round: Series B National: 29%, Regional: 33%, Industry: 29%
Direction: Up Round National: 50%, Regional: 57%, Industry: 50%
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3. Liquidation Pref.: Pari Passu National: 36%, Regional: 45%, Industry: 42%
Liq. Multiple: 0 - 1x National: 92%, Regional: 95%, Industry: 94%
Stock Type: Conventional Convertible National: 38%, Regional: 48%, Industry: 40%
Anti-Dilution: Weighted Average National: 91%, Regional: 96%, Industry: 91%
Redemption: No National: 47%, Regional: 76%, Industry: 43%
Cumulative Dividends: No National: 69%, Regional: 94%, Industry: 70%
Valuation Trend
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4. Valuation Trend
Valuation Trend
125M 10
100M 8
Post-Money Valuation
Price Per Share
75M 6
50M 4
25M 2
0M 0
2008-03-10 2008-09-19 2011-03-02 2012-06-11
Post-Money Valuation Price Per Share
Highcharts.com
Methodology for Cost of Capital Benchmark
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5. Methodology for Cost of Capital Benchmark
The Cost of Capital Benchmark Chart presents a metric of the company's cost of capital based on whether the deal terms included in its recent
financing rounds were "company friendly" or "investor friendly", with comparisons to East Coast and West Coast averages. For example, if the company
issues a security with a liquidation multiple of two, a cumulative dividend, and full ratchet anti-dilution protection, while the average security issued by
other companies in its region at that time had a liquidation multiple of one, no dividend, and weighted average anti-dilution protection, the Cost of
Capital Chart would likely show a higher cost of capital for that financing round in relation to regional averages.
Relative Cost of Capital Cost of Capital Benchmark
2007 2008 2009 2010 2011 2012
East Coast West Coast Gigya, Inc.
Highcharts.com
Methodology for Valuation Ticker
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6. Methodology for Valuation Ticker
The Valuation Ticker Chart presents the estimated movement of the company's valuation over a year-long period since its last financing round, based
on a basket of publicly traded stocks in its industry sector. For example, if the company's valuation at the time of its last financing round was $100
million, and within a year the value of publicly traded stocks in its industry sector have increased 30 percent, the chart will show the value of the
company increasing to $130 million. Thus, the Valuation Ticker Chart provides you a more up-to-date estimate of the company''s valuation than you
would get by looking at the valuation of its last financing round alone.
Valuation Ticker
122500k
120000k
117500k
115000k
Est. Post-Money Valuation: $121,398,475
112500k
110000k
107500k
From 06/11/2012 to 08/20/2012
Gigya, Inc.
Highcharts.com
Total Estimated Fully Diluted Shares as of 06/11/2012: 18,655,974
Fair Market Value per Common Share
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7. Fair Market Value per Common Share
Filing Date Shares Price Per Share
2011-03-23 139,100 $0.650000
2009-06-30 2,129,570 $0.650000
2008-01-30 137,623 $1.144000
Filings
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8. VC Experts.com, Inc. Disclaimer: The information contained herein is from sources deemed reliable; it does not, however, purport to constitute
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