Cumulative ROI of 11x, or 38% IRR
Audax Health — acquired by United Health
Bluekai — acquired by Oracle
Boku - IPO
Break Media - company closed business after returning 2x original investment
Bridge International Academies / New Globe Schools
BrightFarms - company-facilitated buy-out of early investors by new investors
Codecademy - acquired by Skillsoft
Convoy - although Convoy itself folded, we sold ~10% of our shares for a net positive return.
Dropbox - IPO
Edusoft — acquired by Houghton Mifflin
Facebook - IPO
Familiar — acquired by Axon
Fivestars -acquired, although ROI depends on achieving earn-out milestones
Fonality — secondary sale of shares
Flixster — acquired by Warner Bros
Just (previously Hampton Creek Foods) - secondary sale of shares
iLike — acquired by MySpace
IronPort — acquired by Cisco
LinkExchange — acquired by Microsoft
Nervana — acquired by Intel
OPOWER - IPO, followed by acquisition by Oracle
Pinterest (via acquisition of Livestar) - IPO
Playfab — acquired by Microsoft
Snapvine — acquired by WhitePagers
Tellme Networks — acquired by Microsoft
Thinkfuse — acquired by Salesforce
Trialpay — acquired by Visa
Uber - IPO
Vamo — acquired by airbnb
WideOrbit — 6x return after company-facilitated share purchase from early investors
XL2Web — acquired by Google. (now Google Spreadsheets)
Zappos — acquired by Amazon
Startups in which Hadi invested alone (after Ali started Neo):
Arc.io (Neo also invested)
Reputation.com (via acquisition of PaperKarma)
Startups in which Hadi invested alone (after Ali started Neo):
Arrived Homes (Neo also invested)
Gavel (Neo also invested)
GitStart (Neo also invested)
Luminous (Neo also invested)
MNTN (also on the Board of Directors)
Saturn (Neo also invested)
Arivale - company shut down. (only Hadi invested in Arivale)
BuyerWeb
Causes - Company is still ongoing, but we wrote down our investment
Change.org - the for-profit effort became a non-profit foundation
DeepScale - Company was acquired by Tesla and returned our investment, ie a 1x return
Earn.com - formerly 21e6, acquired by Coinbase, negative return
Farmigo
JamLegend - shutdown and acquired by Zynga
OpenHarbor
Opzi - ran out of cash
Panna - company was acquired but investment return for early investors was 0. (only Ali invested)
Planetary Resources - ran out of cash
PracticeFusion - acquired at a low valuation, negative return
VigLink - acquired, negative investment return
Unnamed - a company that negotiated not to be named here