Benchmark Capital general partner Bill Gurley tipped an interesting price point for a potential Yammer deal.
He asked on-stage whether it was $1.4 billion to the co-head of Goldman Sachs’ global telecommunications, media and technology investment banking unit Anthony Noto tonight at the F.ounders conference in New York. Noto declined to comment. Benchmark is not an investor in Yammer, although many others including Founders Fund, Charles River Ventures, Draper Fisher Jurvetson and Khosla Ventures are. Update: The Wall Street Journal is reporting a $1 billion price.
We’re hearing from other sources that the talks with Microsoft are serious. If the deal does go down as soon as tomorrow (as reported by Bloomberg), Yammer’s CEO David Sacks will have something to celebrate at his now infamous 40th birthday party. We have heard that he’s invited hundreds of people, sending them cupcakes and a copy of “Marie Antoinette” as an invite — in line with the 18th century costume party theme.
The invitation said, “Let Him Eat Cake.”
Yammer (www.yammer.com) is an Enterprise Social Network that brings together employees, content, conversations, and business data in a single location. Built for the entrprise and loved by users, Yammer empowers employees to be more productive by enabling them to collaborate in real-time across departments, geographies, and business applications. Employees can create groups to collaborate on projects and share and edit documents. It is a new way of working that fosters team collaboration, employee engagement, and business transformation. The service can...
Bill Gurley is the Member Of The Board Of Directors at Uber Inc. Bill Gurley has spent over 10 years as a General Partner at Benchmark. He joined in 1999 after spending two years as a partner with Hummer Winblad Venture Partners. His current investments and board seats include, Brighter, DogVacay, GrubHub, Linden Lab / secondlife, Nextdoor, OpenTable, Sailthru, Scale Computing, Uber, UBNT, Zillow.com . Before entering the venture capital business, Bill spent four years on Wall Street as a top-ranked research analyst, including three...
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