Our Investments

29 Successful exits (profitable acquisitions, IPOs, etc)

Cumulative ROI of 11x, or 39% IRR

  • airbnb

  • Audax Health — acquired by United Health

  • Bluekai — acquired by Oracle

  • Boku - IPO

  • Break Media - company closed business after returning 2x original investment

  • BrightFarms - company-facilitated buy-out of early investors by new investors

  • Dropbox - IPO

  • Edusoft — acquired by Houghton Mifflin

  • Facebook - IPO

  • Familiar — acquired by Axon

  • 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

28 still going:

15 unsuccessful (ROI <= 1x):

  • 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