$2 Billion In Angel/VC Funding + 10 Acquisitions By Public Companies.
Clock Tower Law Group: Helping Smart Companies(TM)
Over the last ten years, Clock Tower Law Group clients have been acquired by publicly traded companies ten times.
Over the last ten years, Clock Tower Law Group clients have raised $2 billion from angel investors and venture capital (VC) firms.
Over the last ten years, Clock Tower Law Group clients have done about one deal per quarter, at an average value of about $57 million.
Here are the details.
True Ventures, Google Ventures, Mark Gerson, Shikhar Ghosh, Scott Kurnit, Peter Lehrman, Thomas Lehrman, Dharmesh Shah, et al. Invest $1.25 Million In Smarterer Investment
Tesco’s (LSE: TSCO) Dunnhumby Acquires BzzAgent For $60 Million Acquisition
Helium Raises $10 Million Investment
North Bridge Venture Partners, Bessemer Venture Partners, Kleiner Perkins Caufield & Byers’s (KPCB) iFund, CommonAngels, and LaunchCapital Invest $9.5 Million In Apperian Investment
First Round Capital, Floodgate Fund, et al. Invest $5.1 Million In Monetate Investment
Kayak.com Files For $50 Million IPO  IPO
Microsoft, Venrock, Kodiak, Venture Partners, First Round Capital, et al. Invest $50 Million In AppNexus Investment, Series C
Citrix (NASDAQ: CTXS) Acquires VMLogix Acquisition
PatientsLikeMe Raises $8 Million Investment
Matrix Partners, North Bridge Venture Partners, et al. Invest $12 Million In Unidesk Investment, Series B
Kodiak Venture Partners, Venrock, and First Round Capital Invest $5 Million In AppNexus Investment
New Enterprise Associates (NEA), High Peaks Venture Partners, et al. Invest $5 Million In Apprenda Investment
Commonwealth Capital Ventures, Pilot House Ventures Group, et al. Invest $10.2 Million In Copanion Investment
RR Donnelley Invests In Helium Investment, Minority Stake
OurStages Raises $3 Million Investment
Commonwealth Capital Ventures, Matrix Partners, Atlas Ventures et al. Invest $8 Million In CloudSwitch Investment, Series B
Atlas Ventures, Matrix Partners, et al. Invest $7.4 Million In CloudSwitch Investment, Series A
Signature Capital LLC, Northport Private Equity, et al. Invest $17M In Helium Investment, Series A
TRUE Ventures, Scott Kurnit, et al. Invest $3.1 Million In Appssavvy Investment, Series A
Venrock, Kodiak Venture Partners, et al. Invest $8 Million In AppNexus Investment, Series B
Stata Venture Partners II, NeoNet LLC et al. Invest $7 Million In NeoSaej Investment, Series B
Checkpoint Systems (NYSE: CKP) Acquires OATSystems Acquisition
Alpond Capital and JLL Ventures Invest In ZeeVee  Investment
Monitor Ventures, Greycroft Partners, et al. Invest $3 Million In Buzzd Investment, Series A
Flybridge Capital Partners Invests $3 Million In GamerDNA Investment, Series A
103 Angels Invest $13 Million In OurStage Investment
Angels Invest $1.1 Million In SANBlaze Investment
Matrix Partners, North Bridge Venture Partners, et al. Invest In Unidesk  Investment, Series A
Sequoia Capital, General Catalyst Partners, Accel Partners, , Norwest Venture Partners, Trident Capital, Oak Investment Partners, Lehman Brothers Venture Partners, and Silicon Valley Bank, and Gold Hill Capital Invest $196 Million In Kayak.com Investment
ProductFactory – Agile
Oracle (NASDAQ: ORCL) Acquires Agile (NASDAQ: AGIL) For $495 Million Acquisition
Yahoo! (NASDAQ: YHOO) Acquires Right Media, Buys Remaining 80% For $680 Million Acquisition
Collaborative Seed; Growth Partners, LLC; Invus, LP; et al. Invest $5 Million in PatientsLikeMe Investment
Verizon Directories Corp., A Subsidiary Of Verizon Communications Inc. (NYSE: VZ), Acquires Inceptor Acquisition
Accel Partners et al. Invest $11.5 Million In Kayak.com Investment, Series C
General Catalyst Partners, IDG Ventures Boston, et al. Invest $13.75 Million In BzzAgent Investment, Series B
The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ) Acquires Shareholder.com Acquisition
Redpoint Ventures Invests $7.25 Million in Right Media Investment
Sequoia Capital et al. Invest In Kayak.com  Investment, Series B
General Catalyst And American Online Invest In Kayak  Investment, Series A
Agile Software Corporation (NASDAQ: AGIL) Acquires ProductFactory Acquisition
Brunswick Corporation (NYSE: BC) Acquires Northstar Technologies Acquisition
TOTAL acquisitions by publicly traded companies =
AVERAGE value of deals =
TOTAL value of deals =
0. This chart only includes investments valued at $1M or more and acquisitions by publicly traded companies.
1. Kayak.com’s corporate backgrounder says that $30M was raised in Series A, Series B, and Series C combined. Press reports indicate Series C was $11.5M, leaving $18.5 million for the A and B rounds. The Series A date was not disclosed.
2. Unidesk’s Series A date and amount were not disclosed.
3. ZeeVee investment amounts were not disclosed but were reported to be double-digit millions, so at least $10 million.
4. OK, technically Kayak.com has not yet raised $50M. But I include the number here for completeness. And to push the total over $2B. Which I think is reasonable, given that there are so many “not disclosed” numbers.
These stats would be impressive for a firm of any size.
But Clock Tower Law Group is a 3-person firm: 2 lawyers, 1 paralegal.
Assuming we’ve been a 3-person firm for ten years (we haven’t), the average deal value per person per year (deals/person/year) for Clock Tower Law Group is about $67 million. That stat may not be the best of any IP law firm in the nation, but we’re pretty sure it’s in the top two.
$67 million deals/person/year.
True, Clock Tower Law Group did not DO these deals (we’re not M&A lawyers).
We did not even do 100% of the IP work for all of these clients.
But we did a good chunk of it.
And we helped with IP due diligence (you’re welcome).
We saw the value that IP added to each company’s bottom line.
We are acutely aware that IP is a huge part of a company’s value in the digital economy.
We’re pretty sure the value of these companies would have been substantially less without IP.
Because smart companies know that an ounce of prevention is worth a pound of cure.
Smart companies acquire US and foreign trademarks, domain names, and patents.
Smart companies call us before launching any new product or service.
Smart companies are not patent trolls.
In short, we’re glad to have helped our
cool clients achieve their goals.
Glad, and a little bit proud.
Proud of our smart clients.
Smart rich clients.
OK, a lot proud.
IP is our job.
Clock Tower Law Group: Helping Smart Companies(TM).
2011-06-14 – Added Smarterer $1.25M round.
2011-05-24 – First version.
Clock Tower Law Group [trademarks | domain names | patents]
2 Clock Tower Place, Suite 255, Maynard, MA 01754-2545
http://www.lawlawlaw.com [ subscribe]
“The person who says ‘it cannot be done’ should not interrupt the person doing it.” – Chinese Proverb