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RE: [newtech-1] MakerBot Sold

From: Calvin C.
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


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-----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.




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