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  • flankenking flankenking Feb 26, 2013 5:09 PM Flag

    Newest Sales of Spreebird

    5-in-1 Ultra iPhone 4/4s Kit
    $12 for One Colorful 5-in-1 Ultra iPhone 4/4s Kit ($69 Value)
    Time Remaining
    5 days, 1 hr, 1 min
    123 Bought

    Diamond Studded Hoop Earrings
    $15 for One Pair of Rhodium-Plated Genuine Diamond-Studded Hoop Earrings in Solid Sterling Silver ($50 Value)
    Time Remaining
    1 day, 0 hrs, 54 mins
    224 Bought
    Limited Quantity Available

    Rotor F/X
    $99 -- Private Flight Lesson over LA w/Video, Reg. $249
    Time Remaining
    1 day, 16 hrs, 53 mins
    55 Bought
    Deal Partner Travelzoo

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Mariah Wilderness Expeditions
      $189 -- Overnight Rafting Trip & Winery Tours this Summer
      Value $358
      Savings $169 (47%)
      Time Remaining
      4 days, 6 hrs, 14 mins
      44 Bought
      Deal Partner Travelzoo

      iPhone/Android Waterproof Case
      $14 for One Shark Pack iPhone/Android Waterproof Case ($40 Value)
      Time Remaining
      2 days, 14 hrs, 8 mins
      74 Bought
      Limited Quantity Available

      PhotoBin
      $39 for Up to 350 Photos, Negatives & Slides Scanned to Digital Format from PhotoBin! ($109 value)
      Time Remaining
      4 days, 14 hrs, 7 mins
      40 Bought
      Limited Quantity Available

    • If Spreebird were valued like Living Social the value must be 5 million
      .

      In the latest round, LivingSocial sold 7.5 percent of the company for $110 million. That suggests the company is worth almost $1.5 billion now. In an earlier round of financing, the company was valued at roughly $4.5 billion.

      "Yes, this was a down round, which I'm sure is not a shock to anyone," the CEO wrote. "Our main comp (comparison) in the market is down significantly from when we last fundraised."

      Taking into account the special rights that the new Series G securities grant to their holders, the valuation is likely lower than $1.5 billion. That is because the preferred shares will effectively give the holders a stake in the company that is larger than 7.5 percent, in most future scenarios.

      The Series G securities include a so-called liquidation preference, O'Shaughnessy noted in the memo.

      Liquidation preferences, common in later rounds of venture capital financing, give investors the right to get back at least their original investment in the case of a liquidity event.

      In the case of LivingSocial, a preference of one times the investment would mean Series G holders get $110 million back from a liquidity event, before other investors receive any proceeds. PrivCo said the round included liquidation preferences up to "several times" the $110 million.

      O'Shaughnessy said in his memo that the preference was nowhere near the four times suggested in PrivCo's report, but conceded that it "slides up or down" based on a metric tied to LivingSocial's financial performance. He did not elaborate.

      "Those investors are looking for some downside protection," said Lou Kerner, managing partner of The Social Internet Fund, which invests in rapidly growing social and mobile companies.

      (Reporting by Alistair Barr; editing by Edwin Chan and Prudence Crowther)

    • South Coast Winery Resort & Spa
      $199 -- Temecula: 4-Star Winery Escape for 2, Reg. $304
      Time Remaining
      4 days, 14 hrs, 20 mins
      475 Bought
      Deal Partner Travelzoo

      The Inn at Occidental
      $159 -- Charming Sonoma Inn Escape for 2, Reg. $33
      Time Remaining
      1 day, 14 hrs, 18 mins
      370 Bought
      Deal Partner Travelzoo

      Club Tesoro at the Wyndham Cabo San Lucas Resort
      $299 -- Cabo: Waterfront Resort Suite for 4 Nights, Save 65%
      Time Remaining
      2 days, 13 hrs, 17 mins
      194 Bought
      Deal Partner Travelzoo

    • Heated Eyelash Curler
      $9 for One Heated Eyelash Curler ($25 Value)
      Time Remaining
      30 mins, 17 secs
      165 Bought

      iPhone 4/4s & 5 Ostrich Wallet Case
      $10 for One Ostrich Wallet Case for iPhone 4/4s OR iPhone 5 ($50 Value)
      Time Remaining
      29 mins, 16 secs
      153 Bought
      Limited Quantity Available

      Teeth Whitening Kit
      $29 for Teeth Whitening Kit with Trays PLUS Maintenance Pen ($299 Value)
      Shipping & Handling Included!
      Time Remaining
      4 days, 0 hrs, 28 mins
      42 Bought

    • lol...locm has to pay a guy to advertise on yahoo message boards for them. you'd think the company would be successful at advertising themselves, you know, since they're an advertising company and all.

 
LOCM
1.85+0.10(+5.71%)Apr 17 4:00 PMEDT

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