General Atlantic

Gilt Groupe Raises $138 Million from Softbank and Others for Growth, Acquisitions

Tricia Duryee in Commerce on May 8, 2011 at 11:00 pm PT

Gilt Groupe, the New York-based flash-sales site that offers discounts on apparel, travel, home decor and other categories, has raised a whopping $138 million in capital.

Renren Evades Red Flags to Raise $743M and Soar 40 Percent on IPO Day

Liz Gannes in Social on May 4, 2011 at 10:54 am PT

Investors are ravenous for social networking and Chinese Internet companies. That’s the only rational explanation for Chinese social network Renren’s debut on the New York Stock Exchange today, which raised $743.4 million and saw shares sustain a 40 percent gain in afternoon trading.

Gilt Groupe Leans on Mixture of Equity and Debt to Fund Growth

Tricia Duryee in Commerce on December 15, 2010 at 3:55 pm PT

Gilt Groupe has secured about $15 million in a line of credit, which we’ve learned was primarily used for building out a new warehouse in Louisville, Ky.

Exclusive: Silicon Valley Go-To Guy Peter Currie Joining Twitter Board

Kara Swisher in News on December 1, 2010 at 3:53 am PT

According to sources close to the situation, well-known Silicon Valley power player Peter Currie is joining the board of directors of Twitter. It’s an interesting choice to bring the well-regarded moneyman to the microblogging start-up, and could indicate an intent to push to an IPO eventually. With much hot start-up experience, Currie is also suited to helping Twitter sort through its current funding round.

Gilt Groupe's Susan Lyne Talks About Fashion, Local and (Not) IPO!

Kara Swisher in News on August 26, 2010 at 2:03 pm PT

Yesterday, BoomTown dropped into the lower Park Avenue offices of the New York-based Gilt Groupe, the online fashion retail site, to talk to its CEO, Susan Lyne. Since 2007, the site has raised $83 million, giving it a $400 million valuation and spurring interest from investment bankers who think Gilt might be a good candidate for an initial public offering. That’s doubtful for now, given how important it is for Gilt to expand its business, even as competition increases.

Meet Peter Currie, Facebook's New Money Man (For Now)

Kara Swisher in News on April 1, 2009 at 7:11 am PT

Back in the heyday, Peter Currie was the money man to see in Silicon Valley. As CFO of Netscape Communications, he led the famed browser start-up into history, as the first great Internet rocket ship, when it went public on Aug. 9, 1995. Rising to insane levels, the stock was ground zero of the Internet gold rush, despite the fact that it had no profits to speak of. But it did have a 23-year-old co-founder and tech wunderkind in Marc Andreessen and a growth trajectory that was astounding. If you think it sounds somewhat similar to Facebook today–where Currie will now help out as temporary financial adviser after the social-networking site parted ways with its CFO, Gideon Yu, yesterday–you are correct.

Genachowski to Head FCC–Maybe He Can Finally Fix My Broadband!

Kara Swisher in News on January 13, 2009 at 2:02 am PT

Finally, someone who might actually understand the Internet will be taking charge of the thus-far lackadaisical government body that plays the largest role in spurring its growth. It looks like Julius Genachowski will be tapped by President-elect Barack Obama to take on the always controversial job of chairman of the Federal Communications Commission. The news was reported in several places late yesterday, and sources with knowledge of the situation also confirmed the appointment to BoomTown.