Our Investments
34 Successful exits (profitable acquisitions, IPOs, etc)
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)
31 still going:
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)
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