TWTR

Twitter Inc.

TMT


Presented:10/23/2013
Price:$N/A
Cap:N/A
Current Price:$53.70
Cap:$41.09B

Presented

Date10/23/2013
Price$N/A
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book Value$5.69
Div YieldN/A
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price$53.70
Market Cap$41.09B
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, including Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos. The company also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, it offers a set of tools, public APIs, and embeddable widgets that developers can use to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. The company was founded in 2006 and is headquartered in San Francisco, California.

Presented by: Michael Moe, Co-Founder and CIO, GSV Capital at The Excellence in Investing: San Francisco conference

Highlights

Moe provided a quick overview of the IPO market, and explained that over the past 15-20 years the number of IPOs per-year has declined over 70% and the companies coming public are 10x larger (e.g., when Intel and Dell came public, their market caps were $53 million and ~$200 million, respectively). 2013 has been the most robust IPO market since 2000, yet still falls well below the average absolute level of activity seen in earlier years. This limits the upside for investors, and his fund – GSV Capital (GSVC) – is a mechanism for investors to participate in the upside of early-stage, VC-backed investments. Twitter represents roughly 15% of GSV’s holdings, and other investments include, but are not limited to: Palantir, Dropbox, and Facebook (FB). Twitter was the focus of Moe’s presentation, and he explained the bullish case for owning shares of the company post-IPO as follows:

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