Thursday, June 2, 2011

Meet The Soon-To-Be Groupon Billionaires


andrew mason

Groupon filed for a $750 million IPO today.

The S1 filing assumes that there will be about 296 million shares floated as of June 11, but doesn't reveal how Groupon expects those shares to be priced -- those details will be worked out closer to the IPO date.

But the company was reportedly looking for a valuation of $25 billion back in March.

So assuming this is still true, here are the big winners from the IPO.

Accel Partners: $1.4 billion.

Accel put $30 million into the company back in December 2009 and owns 5.6% of the common shares. Partner Kevin Efrusy (pictured here) sits on Groupon's board.





Former president Robert Solomon: $1.7 billion

He just left the president job in March, and has 6.8% of the company's common shares. He's on the right in this picture, next to CEO Andrew Mason.





Cofounder Brad Keywell: $1.7 billion.

His 6.9% stake is actually owned by an entity called Rugger Ventures, which is owned by his wife and children. He also owns some extra-voting Class B shares.





See the rest of the story at Business Insider

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Meet The Soon-To-Be Groupon Billionaires


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