Jason Del Rey

Recent Posts by Jason Del Rey

Early Groupon Backer NEA Dishes Out $226 Million in Deal Site’s Stock

groupon_tv screens

New Enterprise Associates, a venture firm that was one of Groupon’s earliest investors, distributed 20 million shares of Groupon common stock to its general partners and its own investors on Friday, according to a document filed with the SEC on Tuesday.

The 20 million shares are worth about $226 million in total at the current trading price of $11.32. NEA was Groupon’s first outside backer, investing $4.8 million into the company in 2008, when it was still called The Point.

NEA investors, or limited partners, who received shares in this distribution had contributed to the firm’s 12th fund. Last summer, NEA raised its 14th fund, which totaled $2.6 billion.


Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work