Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Tesla    TSLA

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Entrepreneur Jason Calacanis raising a $10 million fund

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

SAN FRANCISCO (Reuters) - 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
Stocks mentioned in the article
ChangeLast1st jan.
EBAY 0.20% 39.26 Delayed Quote.2.97%
MICROSOFT CORPORATION 1.00% 101.87 Delayed Quote.17.91%
TESLA 2.74% 362.22 Delayed Quote.15.04%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TESLA
10:26pTESLA : USL Tesla sues former employee for stealing data
07:09pTESLA : sues ex-employee alleging data theft, leaks to media
07:08pTESLA : accuses former employee of hacking and transferring data
05:31pTESLA : Why Lombard Odier won’t invest in Tesla
03:03pTESLA : denies halting orders from mainland
02:49pELON MUSK : Tesla's Musk says Germany a front runner for Europe Gigafactory
01:18pTesla's Musk says Germany a front runner for Europe Gigafactory
09:15aHyundai teams up with VW's Audi to boost hydrogen cars
09:09aHyundai teams up with Volkswagen's Audi to boost hydrogen cars
07:31aTESLA : Elon Musk has accused Tesla employees of 'sabotage' after major data lea..
More news
News from SeekingAlpha
12:51pArcimoto - Stock Price Soars 83% As Retail Production Nears 
11:45aTesla sues former employee over stealing data 
10:21aWill We Hold It Wednesday - NYSE 12,800 Edition 
08:11aTESLA 2018 MODEL 3 PRODUCTION OVER 3 : Business Insider 
06/19Tesla's Silly Price 
Financials ($)
Sales 2018 19 824 M
EBIT 2018 -637 M
Net income 2018 -1 669 M
Debt 2018 8 303 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 631,81
EV / Sales 2018 3,59x
EV / Sales 2019 2,56x
Capitalization 62 965 M
Duration : Period :
Tesla Technical Analysis Chart | TSLA | US88160R1014 | 4-Traders
Technical analysis trends TESLA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 26
Average target price 305 $
Spread / Average Target -13%
EPS Revisions
Elon Reeve Musk Chairman & Chief Executive Officer
Deepak Ahuja Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Gary Clark Chief Information Officer
Kimbal Musk Director
Sector and Competitors
1st jan.Capitalization (M$)
TESLA15.04%62 965
VOLKSWAGEN-6.24%89 920
DAIMLER-13.98%76 444