Word: sequoia
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Vikram Akula, for one, thinks money-making and good works can be mutually beneficial. Akula runs SKS Microfinance, India's largest microfinancier, which is at the forefront of the new-money trend. Last year SKS sold an $11.5 million stake to the private-equity shop Sequoia Capital in a first-of-its-kind deal. Talk of a projected 23% return on equity snapped many financiers to attention...
...prevents me from wearing most hats. Favorite part about Harvard: Breakfast in a dining hall, breakfast anywhere. Describe yourself in three words: Wondrous strange stuff. In 15 minutes you are: Off to rehearsal with half a peck of delicious apples. In 15 years you are: A park ranger at Sequoia National Monument, teaching kids about John Muir at the visitors center and leading the 1:30 hike to that one tree that you can drive through...
...Numbers $1.65 billion Amount paid by Google to acquire the video-sharing website YouTube last week $11.5 million Amount paid by venture-capital firm Sequoia Capital for an estimated 30% of YouTube. The Google acquisition values its stake at $495 million, a 43-fold return on the investment...
...money off it. Until now, podcasts were personal sound bites--a bit like audio versions of blogs. There has been no advertising. PodShow Inc., Curry's new, San Francisco-- based company, which aims to commercialize podcasting, just landed $8.9 million in venture capital from Kleiner Perkins Caufield & Byers and Sequoia Capital, the Silicon Valley powerhouses behind Yahoo! and Google. PodShow aims to bring podcasting to the masses. "Whoever wants to podcast should be able to do that for free--no matter what--and we're going to facilitate that. And if you want to kick it up and monetize...
...real money, of course, comes from advertising; $30 billion is spent annually on radio ads, and Mark Kvamme of Sequoia Capital sees podcasting grabbing a chunk. "You can easily see it as a billion-dollar advertising market," he says. Internet audio advertising, he estimates, will capture 3% to 4% of all radio advertising over the next 5 to 10 years. "It's a very targeted medium," he says, and "a great place for an advertiser to hit specific audiences." Curry is betting that podcasting will deliver new ways of selling--allowing advertisers to go beyond product placement and permeate...