|Sent on:||Thursday, June 20, 2013 10:36 AM|
It was an up-front all equity transaction with an earn-out. $403M in stock and earnouts worth $201M (but will fluctuate with the stock price through 2014...). ______________ Calvin Chu Senior Technology Licensing Officer, Columbia Technology Ventures [address removed] (212)[masked] (voice) (212)[masked] (fax) @cchu (twitter) techventures.columbia.edu Subscribe to our mailing list Interact with our office: Twitter | Facebook | LinkedIn -----Original Message----- From: [address removed] [mailto:[address removed]] On Behalf Of Jonathan Hirschman Sent: Wednesday, June 19,[masked]:22 PM To: [address removed] Subject: Re: [newtech-1] MakerBot Sold On 6/19/2013 5:28 PM, Calvin Chu wrote: > Wow. Rumor has it that the deal was worth ~$400mm. Wow indeed. If you're going drinking with a MakerBot employee, have them pick up the tab ;) I have a feeling that patents were a major driver in this deal. There's been an almost constant stream of $1mm Kickstarter campaigns for 3D printers - which isn't surprising given that most low-end 3D printers use the same technology, and outside of Makerbot, the same software stack. And that open stack is getting pretty good. Now MakerBot gets their hands on stuff that they were waiting to expire. The Replicator 3/4 is going to be a quantum leap over the competition. It was either a deal like this, or have to compete with a growing horde of tiny competitors gnawing at their bottom line. So, today is a (potentially) bad day to be one of those little 3D printer companies. It really depends upon how willing Stratasys is to cannibalize their own low-end range. If they're smart, they'll just do it - it's going to happen over the next 5 years, anyway, better to do it with their own sub-brand. Also - I'll be very curious to see what happens with Thingiverse. I wouldn't be surprised if it gets spun out into an independent entity, or bought by someone else. jh > > ______________ > Calvin Chu > Senior Technology Licensing Officer, Columbia Technology Ventures > [address removed] > (212)[masked] (voice) > (212)[masked] (fax) > @cchu (twitter) > techventures.columbia.edu > > > Subscribe to our mailing list > Interact with our office: > Twitter | Facebook | LinkedIn > > > -----Original Message----- > From: [address removed] [mailto:[address removed]] On Behalf Of > Jonathan Hirschman > Sent: Wednesday, June 19,[masked]:11 PM > To: [address removed] > Subject: [newtech-1] MakerBot Sold > > http://www.fastco... > ase-of > -makerbot > > Well, no hardware startup has gotten to IPO yet, but I think that this > is a seminal event - the same way that Netscape's IPO put Internet > startups on the map. -- Please Note: If you hit "REPLY", your message will be sent to everyone on this mailing list ([address removed]) http://www.meetup... This message was sent by Jonathan Hirschman ([address removed]) from NY Tech Meetup. To learn more about Jonathan Hirschman, visit his/her member profile: http://www.meetup... Set my mailing list to email me As they are sent http://www.meetup... In one daily email http://www.meetup... Don't send me mailing list messages http://www.meetup... Meetup, POB 4668 #37895 NY NY USA 10163 | [address removed]
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