Our Investments

25 Successful exits (acquisitions, IPOs, etc)

Cumulative ROI of 16x, or 47% IRR

  • Audax Health — acquired by United Health
  • Bluekai — acquired by Oracle
  • Boku - IPO
  • Dropbox - IPO
  • Edusoft — acquired by Houghton Mifflin
  • Facebook - IPO
  • Familiar — acquired by Axon
  • Fonality — secondary sale of shares
  • Flixster — acquired by Warner Bros
  • Hampton Creek Foods (now Just) - 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
  • XL2Web — acquired by Google. (now Google Spreadsheets)
  • Zappos — acquired by Amazon

27 still going:

14 unsuccessful (ROI <= 1x):

  • Arivale - company shut down. (only Hadi invested in Arivale)
  • BuyerWeb
  • Causes - Company is still ongoing, but we wrote down our investment
  • DeepScale - Company was acquired and returned our investment, ie a 1x return
  • Earn.com - formerly 21e6, acquired by Coinbase, negative return
  • Farmigo - ran out of cash
  • 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