EFTA01153933.pdf

The "Company Intelligence Report" by VC Experts is aimed at providing specific deal terms and estimated post-money valuations for the venture-backed company. Included in the report are national, regional, and industry averages, company comparisons, investment rounds with deal terms, price per share, estimated fully diluted shares, and valuation trends. VC Experts has compiled this intense level of data from Federal and State regulatory filings as well as strategic partners to aid in better transparency of private company information. AliphCom AKA: Jawbone, the company develops noise cancellation technology that eliminates dynamic background noise. Known for its popular Bluetooth headsets, they are the creator of an award-winning line of intelligent Bluetooth headsets (Jawbone ERA & ICON), the inventor of NoiseAssassin technology, the world's first and only military-grade noise-eliminating technology, of JAMBOX, the first intelligent wireless speaker and speakerphone, as well as THOUGHTS, a free mobile service that allows users to utilize their voice in a new way. • Address: 99 Rhode Island Street, 3rd Floor, San Francisco, CA, 94103 • Geographic Region: Silicon Valley • Industry: Consumer Products and Services, Electronics / Instrumentation, Telecommunications • sic Codes: 3679 - Electronic Components • NAICS Codes: 334419 - Other Electronic Component Manufacturing • Legal Counsel: Cooley LLP • Company Website: http://www.jawbone.com/ Key Management Investors Similar Companies • Luna, Michael cro • J.P. Morgan Chase & Co. • Horowitz, Benjamin • mem. • Undisclosed Firm • Weiden, David osockx • Mayfield Fund • Asseily, Alexander - oirecior • Khosla Ventures LLC • Botha, Roelof orocior • Kleiner Perkins Cautield & Byers LLC • Mayer, Marissa • Director • Sequoia Capital • Williams, Michael Drector. Marketing & Seategy • Andreessen Horowitz LLC • Youssef, !lathed • oirecior. Product Management • Thorner Ventures • Rahman, Hosain • Founder. GEO. Okada • Undisclosed Venture Firm • Mount, Melinda • Prescient • Drysdale, Richard - svP • Tchakarov, Mann vv a Head of Finance • Bogard, Travis • VP Product Management & Strategy • Robison, Jeremiah VP. Software Created on OB1812014 and authorized by VCExperts.com. Copyright ©2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153933 Investment Data Valuation Eat Fully Diluted Shares Preferred Price Per Share 04114/2014 $11.27 Preferred Price Per Share: $11.27 Participating Preferred Cap: Round: Series E or greater Anti-Dilution: Weighted Average Direction: Up Round Redemption: No Liquidation Preference: Senior Cumulative Dividends: Yes Liquidation Multiple: 0 - lx Dividend Rate: 10 Stock Type: Conventional Convertible Reorganization: No Capped Participation: No Pay to Play: No Pay to Play Penalties: Date 09/12/2013 Amount $63.99 Valuation $1.817.000.701 Est. Fully Diluted Shares 252.672.487 Preferred Price Per Share $7.19 • Preferred Price Per Share: $7.19 Participating Preferred Cap: Round: Series E or greater Anti-Dilution: Weighted Average Direction: Flat Round Redemption: No Liquidation Preference: Senior Cumulative Dividends: No Liquidation Multiple: 0 - lx Dividend Rate: Stock Type: Conventional Convertible Reorganization: No Capped Participation: No Pay to Play: No Pay to Play Penalties: [ Date i Amount Valuation Est Fully Diluted Shares Preferred Price Per a a 0310912012 $24.32 [Date Amount Valuation Eat. Fully Diluted Shares Preferred Price Per 9111 07/1312011 $40.00 $1.443.778.864 200.772.182 $7.19 Preferred Price Per Share: $7.19 Participating Preferred Cap: • Round: Series E or greater Anti-Dilution: Weighted Average Direction: Up Round Redemption: No Liquidation Preference: Pad Passu Cumulative Dividends: No Liquidation Multiple: 0 - lx Dividend Rate: B Stock Type: Conventional Convertible Reorganization: No Capped Participation: No Pay to Play: No Pay to Play Penalties: - Created on 08.118i2014 and authorized by VCExperts.com. Copyright O2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153934 Date Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share ca 1&2011 $29.00 $731.416.169 186.300.604 $3.93 Preferred Price Per Share: $3.93 Participating Preferred Cap: - Round: Series E or greater Anti-Dilution: Weighted Average Direction: Up Round Redemption: No Liquidation Preference: Senior Cumulative Dividends: No Liquidation Multiple: >1 2x Dividend Rate: B Stock Type: Conventional Convertible Reorganization: No Capped Participation: No Pay to Play: No Pay to Play Penalties: Date Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share 01106)2008 $30.00 $197.102.074 145.796.341 $1.35 Preferred Price Per Share: S1.35 Participating Preferred Cap: Round: Series E or greater Anti-Dilution: Weighted Average Direction: Up Round Redemption: No Liquidation Preference: Senior Cumulative Dividends: No Liquidation Multiple: 0 - lx Dividend Rate: 8 Stock Type: Conventional Convertible Reorganization: No Capped Participation: No Pay to Play: No Pay to Play Penalties: Date Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share 11,68/2007 $2.00 $21,268,788 119.689,294 80 '8 Preferred Price Per Share: $0.18 Participating Preferred Cap: 3 Round: Series D Antl•Dllutlon: Weighted Average Direction: Down Round Redemption: Yes Liquidation Preference: Senior Cumulative Dividends: No Liquidation Multiple: 0 - lx Dividend Rate: 8 Stock Type: Participating Preferred Reorganization: No Capped Participation: Yes Pay to Play: No Pay to Play Penalties: Date Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share 07'18,2007 $4.00 $14.340.063 80.698.162 $0.18 Preferred Price Per Share: $0.18 Participating Preferred Cap: 3 Round: Series 0 Anti-Dilution: Weighted Average Direction: Down Round Redemption: Yes Liquidation Preference: Senior Cumulative Dividends: No Liquidation Multiple:0 - lx Dividend Rate: 8 Created on 0811812014 and authorized by VCExperts.com. Copyrighl O2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153935 Stock Type: Participating Preferred Reorganization: No Capped Participation: Yes Pay to Play: No Pay to Play Penalties: Date Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share 04/24/2003 $5.00 Date Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share 04130'2001 $1.00 Created on 0&'l&2014 and authorized by VCExperts.com. Copyright O2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153936 Fair Market Value per Common Share Filing Date Shares Price per Sham 09/20/2013 12.000.000 $1.07 04/01/2011 2.016.000 $0.54 08/18/2010 5.800.000 $0.36 10/16/2007 44.263.800 $0.03 03/09/2006 8,117.180 $0.01 Created on 08118:2014 and authorized by VCExperts.com. Copyrighl O2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153937 Price Per Share With Valuation I I Valuation IMMI Preferred PPS =I Common PPS 1.82 Billion $11.27 1.64 Billion $10.14 1.45 Billion $9.01 1.27 Billion $7.89 1.09 Billion $6.76 is 909 Million $5.63 O z To 727 Million $4.51 545 Million $3.38 363 Million $2.25 182 Million $1.13 0 $0.00 i i CO rn O O O O O O O O O O O O O O O c\I \ O (r) O O O O CO Created on 0ilf18i2014 and authorized by VCExperts.com. Copyright ©2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153938  (/ VC EXPERTS Valuation Preferred PPS Si Common PPS A Date Valuation Date PPS Data PPS IM 07/18,•'2007 514.340,063.00 07/18/2007 $0.18 03/002006 $0.01 11108.2007 $21,268,788.00 11/08/2007 $0.18 10/16/2007 $0.03 01108•'2008 $197,102,074.00 01/06/2008 $1.35 08/18/2010 $0.36 03116;2011 $731,416,169.00 03/16/2011 $3.93 04/01/2011 $0.54 07/112011 $1,443,778.864.00 07/1312011 $7.19 09202013 $1.07 09/12/2013 31.817,000.701.00 09/1212013 $7.19 04/1412014 $11.27 Created on 08.1812014 and authorized by VCExperts.com. Copyright O2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153939 Filings Filing Filing Date Certificates of Incorporation 02/18/2014 Certificates of Incorporation 07108/2013 Certificates of Incorporation 12/05/2011 Certificates of Incorporation 06108/2011 Certificates of Incorporation 03/04/2011 Certificates of Incorporation 12/2112007 Certificates of Incorporation 09/1912007 Certificates of Incorporation 06/27/2007 Employee Plan Exemption Notice 09/2012013 Employee Plan Exemption Notice 0410112011 Employee Plan Exemption Notice 08/18/2010 Employee Plan Exemption Notice 10/16/2007 Employee Plan Exemption Notice 03/0912006 Limited Offering Exemption Notice 09/1912013 Limited Offering Exemption Notice 06/2512013 Limited Offering Exemption Notice 03/06/2009 Limited Offering Exemption Notice 03/13/2008 Limited Offering Exemption Notice 10/12+2007 Form D 09/12+2013 Form 0 03/2612012 Form D 03/12+2012 Form 0 08/02+2011 Form D 03/2512011 Regulation D 01/15/2008 Regulation D 01/07/2008 Regulation 0 11/14/2007 Regulation D 07/24/2007 Regulation 0 09/2512006 Regulation D 12106/2004 Regulation D 05/09/2003 Regulation D 06/0612002 Created on 0811812014 and authorized by VCExperts.com. Copyright ©2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153940  (/ VC EXPERTS What Do The Deal Terms Mean? Preferred Stock: A class of capital stock that may pay dividends at a specified rate and that has priority over common stock in the payment of dividends and the liquidation of assets. Many venture capital funds use preferred stock as their investment vehicle. This preferred stock is convertible into common stock. Dividends: The payments designated by the Board of Directors to be distributed among the shares outstanding. The type of share determines the amount. On preferred shares, it is generally a fixed amount. With common shares. the dividend can be omitted if the Directors decide to invest the money in a capital expenditure or if the business is slumping. If the dividend is paid, the amount varies depending on the amount of cash on hand. There are several types of dividends: Cumulative—Missed dividend payments that continue to accrue. Non-cumulative—Missed dividend payments that do not accrue. Liquidation Preference/Multiple: The amount per share that a holder of a given series of Preferred Stock will receive prior to distribution of amounts to holders of other series of Preferred Stock or Common Stock. This is usually designated as a multiple of the Issue Price. for example 2X or 3X, and there may be multiple layers of Liquidation Preferences as different groups of investors buy shares in different series. For example. holders of Series B Preferred Stock may be entitled to receive 3X their Issue Price. and then if any money is left, holders of Series A Preferred Stock may be entitled to receive 2X their Issue Price and then holders of Common Stock receive whatever is left. The trigger for the payment of the Liquidation Preference is typically a sale or liquidation of the company, such as a merger or sale of assets. Conventional Convertible Preferred Stock: A type of preferred stock that can also be referred to as Non•Participating Preferred Stock. This preferred stock typically receives a liquidation preference prior to the common stock, and does not participate on an as if converted basis with common stock in any remaining proceeds of a defined liquidation event. Upon such a liquidation event, holders of Conventional Convertible Preferred Stock must choose whether to receive their liquidation preference or convert their shares to Common Stock in order to participate in the pro rata distnbution of assets. Participating Preferred Stock: A preferred stock entitles the owner to receive a predetermined sum of cash (usually the original investment plus accrued dividends), and also allows its holders to participate on an as•if•converted•basis with the common stock holders in any remaining proceeds of a defined liquidation event. The holder need not elect to convert or receive the liquidation preferred. hence the name double dip. The right. however, to double dip may be capped at. say, the recoup of sale proceeds no greater than 2X, or two times the liquidation preference: to make more. the holder must convert. And Dilution Protection: Contractual measures that allow investors in convertible preferred shares an automatic reduction in the conversion price, meaning more common shares on conversion, if a subsequent round is a down round, thereby mitigating down round dilution. Full Ratchet Anti Dilution: The sale of a single share at a price less than the favored investors paid reduces the conversion price of the favored investors' convertible preferred stock to the penny, for example, from $1.00 to 50 cents, regardless of the number of lower priced shares sold. Weighted Average Anti Dilution: The Investor's conversion price is reduced, and thus the number of common shares received on conversion increased, in the case of a down round: it takes into account both: (a) the reduced price and. (b) how many shares (or rights) are issued in the rilutive financing. Learn more about Weighted Average Anti Dilution Pay•to-Play Provisions: A Pay to Play provision is a requirement for an existing investor to participate in a subsequent investment round, especially a Down Round. Where Pay to Play provisions exist, an investor's failure to purchase its pro-rata portion of a subsequent investment round will result in conversion of that investors Preferred Stock into Common Stock or another less valuable series of Preferred Stock. Redeemable Preferred Stock: Redeemable preferred stock, also known as exploding preferred, is redeemable at its cost plus accrued dividends, at the holder's option after (typically) five years. which in turn gives the holders (potentially converting to creditors) leverage to induce the company to arrange a liquidity event. The threat of creditor status can move the founders off the dime if a liquidity event is not occurring with sufficient rapidity. Post•Money Valuation: The valuation of a company immediately after the most recent round of financing. For example, a venture capitalist may invest $3.5 million in a company valued at $2 million pre-money (before the investment was made). As a result, the startup will have a post-money valuation of $5.5 million. View more private company financing terms in VC Experts Glossary. Created on 0W18:2014 and authorized by VCExperts.com. Copyright C/2014 VC Experts.com. Inc. 2031 Kings Hwy. Shreveport. LA 71103 EFTA01153941 VC Experts.com, Inc. Disclaimer: The information contained herein is from sources deemed reliable: it does not, however. purport to constitute investment advice nor does VC Experts represent that it contains all information concerning the identified Company deemed necessary or appropriate for investment decisions. VC Experts is neither a broker/dealer nor investment adviser and has no financial interest in the Company analyzed nor in the sale or purchase of any of its securities. The information and data are for reference purposes only and no implied or expressed warranties or assurances as to its accuracy or completeness are furnished by VC Experts. Estimates of valuation are, as indicated, estimates based on such information as we found available, the completeness of which is neither represented or guaranteed; users for any purpose are cautioned and required to undertake and perform their own investigations and due diligence. To the extent that the information incorporates content from specified sources of financial information. VC Experts disclaims any responsibility for the accuracy or completeness of such content. About VC Experts : VC Experts provides powerful data on the linandng of private companies, along with industry leading content on fundraising. We conduct exhaustive analyses of all state and federal regulatory filings by private companies. Information gathered by VC Experts includes valuations. share prices, terms and conditions, board members, and behind the scenes details for improved deal context. We maintain an online library of 6,000 articles and more than 300 downloadable forms commonly used to construct private equity Investment agreements. VC Experts has become an indispensable resource for entrepreneurs. investors, lawyers, and various services provides in the venture capital and private equity industries. Created on M1812014 and authorized by VCExperts.com. 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