Topic:

Littlest Angels

Littlest Angels

GroupMe’s Exit to Skype a Big Win for New York’s Young Tech Investors

nakajima selluot

The seed stage investors in GroupMe featured a lot of the same twenty-something investors Betabeat wrote about in our Littlest Angels feature back in February. David Tisch, Ben Lerer and Josh Kushner all saw their first big exits when Skype bought GroupMe, and according to one source, it was a doozy.

The seed stage round for GroupMe was $850,000 dollars, and according to sources, made at a pre-money valuation of around $4 million. That would mean a post-money figure of 4.85 million, which, given the reported exit price of $85 million, would be a multiple of roughly 17X. Read More