Comments on: Silicon Valley’s David Chao & the killer Japan IPO

By: Big widget company RockYou raises a mere $1M, takes stock » VentureBeat

Big widget company RockYou raises a mere $1M, takes stock » VentureBeat — Sat, 24 May 2008 19:02:49 +0000

[...] DCM, a firm led by aggressive partner David Chao (pictured below), has invested strategically in Internet companies, sometimes later in their growth cycle. I don’t know what the valuation of the RockYou round was, but it was very likely between $200 and $400 million, where offers to Rockyou came in over the past two months. DCM may have wanted to invest in the company at a high valuation for opportunistic reasons: If RockYou ever goes public or gets sold, DCM can point to RockYou as an example of a successful company in its portfolio, even if the profit DCM eventually gets from the deal may not be all that great. Venture firms typically like a return of about two or three times their money when they invest in a late-stage company like RockYou. However, RockYou is increasingly unlikely to produce such a return, at least if a deal happens at a very high valuation of say, $400 million. At least, many investors don’t think RockYou will produce such a return in the short run, which I’ll explain below. On the other hand, $1 million is such a small amount of money for a firm like DCM to invest (DCM has a $500 million fund), the deal is worth it for publicity reasons. At least, that is what I’m hearing about DCM’s rationale, whether you agree with it or not. DCM made a similar very late-stage investment with SMIC, a Chinese semiconductor company that went public in China several years ago, but which had a rocky ride afterward. I’ve reached out to DCM for comment, but haven’t heard back. [...]

By: SiliconBeat

SiliconBeat — Tue, 07 Mar 2006 05:48:17 +0000

ChinaInterActive scores $48M to pursue dizzying growth

ChinaInteractive Corp, the fastest-growing Internet company in China, and which some are calling China’s MySpace, has raised $48 million from a bunch of Silicon Valley and other investors. It has also changed its name to Oak Pacific Interactive. See r…

By: SiliconBeat

SiliconBeat — Fri, 30 Sep 2005 11:04:34 +0000

BitTorrent, its VC backing and RSS

Here’s is story that ran in the Merc yesterday about the hot San Francisco file distributing company BitTorrent, and the backing by DCM’s David Chao — who as we’ve mentioned before, is on a bit of a roll. Note BitTorrent’s position in the far right t…

By: Gen Kanai

Gen Kanai — Mon, 19 Sep 2005 22:03:24 +0000

Also, fwiw, the company itself has a page for investors regarding the IPO on JASDAQ. http://corp.allabout.co.jp/ir/profile/message.htm?FM=all

By: Gen Kanai

Gen Kanai — Mon, 19 Sep 2005 22:01:58 +0000

Found something (Y! Finance Japan) regarding the All About Japan IPO:

http://biz.yahoo.co.jp/ipo/html/d2454.html

That said, news regarding this IPO is definitely scarce. Not sure why…