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Is That a Hockey Stick In Your Pocket

By Shai Goldman 7/01/11 2:44pm

Is That a Hockey Stick In Your Pocket

Thanks Shai. Numbers are hard!

Zynga’s IPO is a ‘Fund Maker’ for Union Square Ventures

This is a guest post by Shai Goldman, a Director at Silicon Valley Bank

Zynga, the biggest casual gaming company in the nation and the maker of popular games titles such as Farmville, CityVille and Mafia Wars, filed for its IPO today.

To summarize quickly,  Zynga is performing extremely well. They were profitable in 2010 and will continue to be profitable in 2011 (based on 2011 Q1 figures). They are looking to raise $1B through the IPO and have $996.7 in cash on the books.

One of the highlights is that top line revenue is growing quickly, from $19.4M in ’08 to $121.5M in ’09, roughly 600% growth. It jumped another 500% to $597.5M in ’10 and their 2011 revenue run rate is $941.7, roughly 150% growth. Although their run rate is $941.7 for 2011, revenue expectations are closer to $1.5B, which would be 250% growth from 2010.

Zynga has raised over $500M from New York City investors such as Union Square Ventures, who own 5.5%. Based on this IPO, it would be safe to assume that Zynga’s valuation would allow USV to make back their entire fund $150 million fund from 2008. Read More

By Adrianne Jeffries 5/17/11 1:40pm

Is That a Hockey Stick In Your Pocket

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Tumblr Still Growing Like Crazy

Tumblr just hit 250 million pageviews a day, CEO David Karp wrote on the staff blog, with a Quantcast shot of the site’s rapidly-growing traffic, which looks like it started speeding up dramatically around October. More than half Tumblr’s traffic now comes from outside the U.S., the chart shows.

Tumblr has been adding engineering staff to deal with the growth and still has some openings.