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May 1, 2013 08:17 pm GMT
Today at TechCrunch Disrupt NY, Ashton Kutcher took the stage with Guy Oseary to talk about their A-Grade fund. Arrington started right away about a rumor that the fund is raising money at a $100 million valuation. The two partners confirm the rumors, saying that they are raising “enough money.” It means that financial institutions and companies will invest a certain amount of money in exchange for equity in the A-Grade fund. With three partners (Ashton Kutcher, Guy Oseary and Ron Burkle), the fund has been investing for about two and a half years. Until today, the three partners only invested personal money. Among its portfolio companies, the A-Grade fund has invested in Spotify, Uber, Shazam, Soundcloud, Fab and Airbnb. It mainly takes part in seed and Series A rounds. When asked whether it is bundling current investments or creating a new fund, Ashton Kutcher answered that it is doing both. “We’re just somewhat formalizing what we’ve been doing,” Kutcher said. The new fund will keep the A-Grade name. While the new funding is not official yet, Kutcher and Oseary said that it’s mostly a one-time investment. “We are pretty well filled up,” Kutcher said. The partners will make an announcement when the deal finalizes. Developing
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nO7y3noGMWA/
Ashton Kutcher's A-Grade Fund Raising At $100 Million Valuation
Today at TechCrunch Disrupt NY, Ashton Kutcher took the stage with Guy Oseary to talk about their A-Grade fund. Arrington started right away about a rumor that the fund is raising money at a $100 million valuation. The two partners confirm the rumors, saying that they are raising “enough money.” It means that financial institutions and companies will invest a certain amount of money in exchange for equity in the A-Grade fund. With three partners (Ashton Kutcher, Guy Oseary and Ron Burkle), the fund has been investing for about two and a half years. Until today, the three partners only invested personal money. Among its portfolio companies, the A-Grade fund has invested in Spotify, Uber, Shazam, Soundcloud, Fab and Airbnb. It mainly takes part in seed and Series A rounds. When asked whether it is bundling current investments or creating a new fund, Ashton Kutcher answered that it is doing both. “We’re just somewhat formalizing what we’ve been doing,” Kutcher said. The new fund will keep the A-Grade name. While the new funding is not official yet, Kutcher and Oseary said that it’s mostly a one-time investment. “We are pretty well filled up,” Kutcher said. The partners will make an announcement when the deal finalizes. DevelopingOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/nO7y3noGMWA/
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