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	<title>VentureBeat &#187; secondary sale</title>
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		<title>VentureBeat &#187; secondary sale</title>
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<copyright>Copyright 2013, VentureBeat</copyright>		<item>
		<title>Stock sale puts Twitter&#8217;s valuation at an estimated $9B</title>
		<link>http://venturebeat.com/2013/01/25/twitter-valuation-ipo-delay/</link>
		<comments>http://venturebeat.com/2013/01/25/twitter-valuation-ipo-delay/#comments</comments>
		<pubDate>Sat, 26 Jan 2013 06:23:39 +0000</pubDate>
		<dc:creator>Tom Cheredar</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Social]]></category>
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		<category><![CDATA[secondary sale]]></category>
		<category><![CDATA[valuation]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=611095</guid>
		<description><![CDATA[<p>Several early employees of Twitter are participating in a deal to sell their stock to BlackRock group at a valuation of over $9 billion, according to a Financial Times report published&#160;today.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=611095&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.files.wordpress.com/2013/01/twittersale.jpg" target="_blank"><img class="aligncenter size-full wp-image-611107" alt="twittersale" src="http://venturebeat.files.wordpress.com/2013/01/twittersale.jpg?w=655&#038;h=513" width="655" height="513" /></a></p>
<p>Several early employees of Twitter are participating in a deal to sell their stock to BlackRock group at a valuation of over $9 billion, according to a <a href="http://www.ft.com/intl/cms/s/0/06376acc-6501-11e2-ac53-00144feab49a.html#axzz2J1p5xVYx" target="_blank" target="_blank">Financial Times</a> report published today.</p>
<p><a href="http://www2.blackrock.com/global/home/index.htm" target="_blank" target="_blank">BlackRock</a>, an investment management firm that&#8217;s known as one of the world&#8217;s largest asset managers, is making an $80 million to the early employee using capital from a fund it manages, according to FT&#8217;s report.</p>
<p>With over $1.16 billion already invested in Twitter, the social network&#8217;s investors are undoubtedly eager to have the company show a transparent path to long-term profitability in preparation of going public. Twitter&#8217;s management team, however, may want to delay an initial public offering a little longer until it&#8217;s satisfied that the business strategy is strong enough to ensure Twitter stock doesn&#8217;t end up like Zynga or Groupon.</p>
<p>If BlackRock deal does go through as FT&#8217;s report indicates, it could be a win-win situation. As <a href="http://thenextweb.com/twitter/2013/01/25/twitters-value-estimated-at-9b-after-blackrock-group-investment-report/" target="_blank" target="_blank">TheNextWeb</a> points out, early investors would be able to cash out, while Twitter would have a better chance of delaying an IPO until its ready.</p>
<br />Filed under: <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/social/'>Social</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=611095&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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	<enclosure url="http://venturebeat.files.wordpress.com/2013/01/twittersale.jpg?w=160" /><source url="http://venturebeat.com/2013/01/25/twitter-valuation-ipo-delay/">Stock sale puts Twitter&#8217;s valuation at an estimated $9B</source>
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		<item>
		<title>Pinterest sees $30M from SV Angel in secondary sale</title>
		<link>http://venturebeat.com/2013/01/24/sv-angel-pinterest/</link>
		<comments>http://venturebeat.com/2013/01/24/sv-angel-pinterest/#comments</comments>
		<pubDate>Thu, 24 Jan 2013 16:35:08 +0000</pubDate>
		<dc:creator>Tom Cheredar</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[secondary sale]]></category>

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		<description><![CDATA[<p>SV Angel raised a $30 million fund to purchase shares of the popular online pinboard social network Pinterest from current investors, SV Angel's David Lee confirmed to VentureBeat&#160;today.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=609789&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.files.wordpress.com/2012/10/ss-money1.jpg" target="_blank"><img class="aligncenter size-full wp-image-566851" alt="Money" src="http://venturebeat.files.wordpress.com/2012/10/ss-money1.jpg?w=1000&#038;h=664" width="1000" height="664" /></a></p>
<p><em>* Updated at 3:20 p.m. with confirmation from SV Angel and clarification of what the fund will be used for.</em></p>
<p><a href="http://svangel.com" target="_blank" target="_blank">SV Angel</a> has raised $30 million fund to purchase shares of the popular online pinboard social network Pinterest from current investors, SV Angel&#8217;s David Lee confirmed to VentureBeat today.</p>
<p>Money from the fund, confirmed in an <a href="http://www.sec.gov/Archives/edgar/data/1553371/000155337113000001/xslFormDX01/primary_doc.xml" target="_blank" target="_blank">SEC filing</a> last week, is part of  Special Purpose Vehicle that will be used to purchase secondary sales of Pinterest at 2 percent of the startup&#8217;s current $1.5 billion valuation, reports <a href="http://techcrunch.com/2013/01/23/sv-angel-invested-30m-in-pinterest-secondary-sale/" target="_blank" target="_blank">TechCrunch</a>, who first reported the news.</p>
<p>The new fund is also independent from the $40 million &#8220;<a href="http://venturebeat.com/2012/08/31/sv-angel-fund/" target="_blank">SV Angel IV</a>&#8220; fund the group raised back in August.</p>
<p>SV Angel, Ron Conway and Lee’s investment firm, has previously invested in Pinterest as well as many other notable startups, including Square, Twitter, Airbnb, Foursquare, and others.</p>
<p><em><a href="http://www.shutterstock.com/pic-112326098/stock-photo-money-background-heap-of-dollars-financial-concept-of-earnings.html?src=8ad03329a6bcd42819c21d66995be5cd-1-59" target="_blank" target="_blank">Money photo</a> via DenisNata/Shutterstock</em></p>
<br />Filed under: <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/social/'>Social</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=609789&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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		<slash:comments>1</slash:comments>
	<enclosure url="http://venturebeat.files.wordpress.com/2012/10/ss-money1.jpg" /><source url="http://venturebeat.com/2013/01/24/sv-angel-pinterest/">Pinterest sees $30M from SV Angel in secondary sale</source>
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