Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Tesla Motors Inc    TSLA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Entrepreneur Jason Calacanis raising a $10 million fund

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/04/2013 | 03:35am CET

Jason Calacanis, the entrepreneur behind Launch, a series of technology conferences that introduce startups to potential investors, is raising a $10 million venture fund, a U.S. regulatory filing showed.

Investors in the fund include David Sacks, the founder and chief executive of business-networking site Yammer, which was acquired by Microsoft Corp (>> Microsoft Corporation) last year, Calacanis told peHUB, a unit of Thomson Reuters on Monday. Sacks was previously chief operating officer of PayPal.

Calacanis, based in Los Angeles, is listed as managing member of the fund in the filing with the Securities and Exchange Commission.

The PayPal Mafia, as alumni of the payment service now owned by eBay Inc (>> eBay Inc) are referred to in the industry, includes many successful entrepreneurs. Among them are investor Peter Thiel, LinkedIn Corp <LNKD.O> founder Reid Hoffman, and Tesla Motors Inc (>> Tesla Motors Inc) founder and CEO Elon Musk.

"We are not disclosing the third LP yet," Calacanis said via email, referring to limited partnerships. "There might be one or two more LPs in the coming months. Or not."

The fund will focus "exclusively on folks who come out of LAUNCH Festival, LAUNCH Hackathon, LAUNCH Education & Kids and LAUNCH Mobile (our four events)," Calacanis said. The plan is to invest $25,000 to $100,000 in five to 10 startups a year.

If successful in raising the fund, Calacanis will be following in the footsteps of a growing number of entrepreneurs who have raised venture funds over the last five years or so.

They include Michael Arrington of Crunchfund, with whom Calacanis once worked closely on a series of conferences called the TechCrunch 50. The two parted ways professionally in 2009 and fought publicly afterwards.

Calacanis has founded numerous companies over the years, including video content website Mahalo, which counts Sequoia Capital among its investors and has changed course several times in its 7-year history.

Before Mahalo, Calacanis founded Weblogs, a publishing company whose websites included the popular Engadget tech blog. America Online bought Weblogs in 2005 for roughly $25 million.

Earlier in his career, Calacanis formed Rising Tide Media, parent company of Silicon Alley Reporter, which Calacanis began producing in 1996 by photocopying and stapling together roughly 16 pages of content, and then dropping off the homemade magazines at coffee houses in Manhattan.

In recent years, he has been an active angel investor, backing about 30 companies including car service Uber.

(Reporting by Connie Loizos; Editing by Richard Chang)

By Connie Loizos

Stocks treated in this article : Microsoft Corporation, eBay Inc, Tesla Motors Inc, LinkedIn Corp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TESLA MOTORS INC
01/21 TESLA MOTORS : Alle bleiben Sie ruhig | Calamatta Cuschieri
01/20 TESLA MOTORS : ‘Everybody, stay calm’
01/20 TESLA MOTORS : Research Reports on Auto Makers Equities -- Ford, General Motors,..
01/19 TESLA MOTORS : US ends probe of Tesla fatal crash without seeking recall
01/19 AP SOURCE : US ends probe of fatal Tesla crash without recall
01/19DJTencent-Backed Future Mobility Plans $1.70 Billion Car Factory
01/19 TESLA MOTORS : Construction Set To Start On Long Islands Tesla Science Center
01/19 TESLA MOTORS : In 'Midnight Action' NHTSA Ends Probe of Fatal Tesla Florida Cras..
01/18 TESLA MOTORS TO BUILD MODEL 3 POWERT : Tsla)
01/18 TESLA MOTORS : adds service center to Jacksonville facilities
More news
Sector news : Electrical (Alternative) Vehicles
01/20DJCorrection to inauguration donors article on Thursday
01/20DJFORD MOTOR : Sees Remeasurement Loss of About $3 Billion
01/19 Davos CEOs 'go local' on supply chain in Trump era
01/19DJVOLKSWAGEN : Ex-CEO Denies Prior Knowledge of Emissions Cheating
01/19DJTencent-Backed Future Mobility Plans $1.70 Billion Car Factory
More sector news : Electrical (Alternative) Vehicles
News from SeekingAlpha
01/20 Jinko Solar's Time May Have Come
01/20 TESLA : The Gigafactory Is The Key
01/20 Have Faith In Trump's Agenda - Cramer's Mad Money (1/19/17)
01/19 New Deal Talk As Tesla Hits Ludicrous Speed
01/19 Buy, Sell Or Hold Tesla? A Chartist And Options Trader's Point Of View
Advertisement
Financials ($)
Sales 2016 7 034 M
EBIT 2016 -212 M
Net income 2016 -471 M
Debt 2016 94,9 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 5,62x
EV / Sales 2017 4,08x
Capitalization 39 423 M
More Financials
Chart TESLA MOTORS INC
Duration : Period :
Tesla Motors Inc Technical Analysis Chart | TSLA | US88160R1014 | 4-Traders
Full-screen chart
Technical analysis trends TESLA MOTORS INC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 239 $
Spread / Average Target -2,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Elon Reeve Musk Chairman & Chief Executive Officer
Jason S. Wheeler Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TESLA MOTORS INC14.53%39 423
TOYOTA MOTOR CORP-1.11%193 533
DAIMLER AG-0.11%80 853
VOLKSWAGEN AG9.79%80 006
BAYERISCHE MOTOREN WER..-2.57%60 343
GENERAL MOTORS COMPANY6.23%56 416
More Results