One of NAS's Queensbridge Start-Up's Acquired by Amazon.
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Here’s Who Made Money On Ring’s $1B+ Purchase
Business StartupsVenture
February 28, 2018
Alex Wilhelm is the Editor in Chief of Crunchbase News, covering the intersection of startups and money.
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Morning Report: Amazon spent a lot of money on a thing called Ring. Who put money into it? These folks.
The Show That Shall Not Be Named missed the boat on Ring, a WiFi-connected doorbell company. But 21 individuals and groups did not. And now that Amazon has spent over $1 billion on the smart home company, those folks made out pretty well.
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But too often we don’t really spend much time looking at the folks behind the deal. So in that vein—and bearing in mind the usual Crunchbase News disclosures given that some of these people might own part of our parent company—here’s the list, first of rounds, and then investors, that Ring picked up before it exited to one of Seattle’s giants.
How Much
For reference, that sums to $209.2 million, giving Ring a roughly 5x multiple on invested capital. For how that fits into the greater constellation of exits, check here.
- Seed: $1 million
- Series A: $4.5 million + $5.5 million
- Series B: $28 million
- Series C: $61.2 million
- Series D: $109 million
Who Came Out Ahead
And here’s the list of who put capital into the company, in paragraph form, as bulleted lists get long in the tooth after the fifth entry. From top to bottom: Kleiner, First Round, Goldman, CRV, True, Felicis, Qualcomm Ventures, Upfront, VTF Capital, QueensBridge Ventures, Cherubic Ventures, DFJ Growth, Shea Ventures, Virgin Group, Amazon Alexa Fund, Grishin Robotics, Sidekick Fund, American Family Insurance, Konstantin Othmer, Stephen Russell, Shea Tate-Di Donna.
Look at all those people smarter than a stupid television show.
Here's Who Made Money On Ring's $1B+ Purchase - Crunchbase News
Nas personal Investments.
https://www.crunchbase.com/person/nasir-bin-olu-dara-jones/investments/investments_list
QBVP Investments
https://www.crunchbase.com/organiza...estments/investments_list#section-investments
Emagen Investment Group
https://www.crunchbase.com/organization/emagen-investment-group-inc/investments/investments_list
This is just crazy!
Wow
OC's finest
All Star
so 4.5 million invested in series A among 5 different investment groups? am i reading that right?
Let my cash invest in stocks
Came a long way from blasting Tecs on blocks!
Came a long way from blasting Tecs on blocks!
OC's finest
All Star
props to nas for doing things big
kinda crazy he went from being the GOAT at rapping, to essentially becoming a VC
looking at the other startups he invested in, theres some potential other gems in there too
VC game is crazy
hope nas hits some goldmines
Good times back thenremember on hip hop forums for a good decade it was a running joke that nas was broke and nas lost. He who laughs last laughs hardest.
Sooner or later, you all see who the Prohet is..
BK The Great
Veteran
guess we ain't getting any music from him anytime soon unless i'm wrong 
he don't need to drop anything now off of making all that bank.
he don't need to drop anything now off of making all that bank.
IllmaticDelta
Veteran
Fat Joe:
"Nas i take back what i said"
What's the story about Fat Joe said about Nas?
UpAndComing
Veteran
Something along the lines of Big Pun and the Terror Squad had beef with Jay Z back in the 90s. Plus Terror squad was also cool with Nas
So naturally when Nas had beef with Jay-Z, Fat Joe sided with Nas in the beef
Fat Joe was mad that Nas, cause Nas ended the beef with Jay-Z. For some reason he wanted Nas to keep attacking him
Then Fat Joe goes on this weird thing where he's on various radio shows on how he should have never sided with Nas, and that he should have sided with Jay-Z instead. Most people figure cause Jay-Z has become this big millionaire mogul
Knowing Fat Joe's wave riding/dikk riding nature, hearing this Nas investment news might make him regret what he said and give Nas a call
Something along the lines of Big Pun and the Terror Squad had beef with Jay Z back in the 90s. Plus Terror squad was also cool with Nas
So naturally when Nas had beef with Jay-Z, Fat Joe sided with Nas in the beef
Fat Joe was mad that Nas, cause Nas ended the beef with Jay-Z. For some reason he wanted Nas to keep attacking him
Then Fat Joe goes on this weird thing where he's on various radio shows on how he should have never sided with Nas, and that he should have sided with Jay-Z instead. Most people figure cause Jay-Z has become this big millionaire mogul
Knowing Fat Joe's wave riding/dikk riding nature, hearing this Nas investment news might make him regret what he said and give Nas a call
OH.......I remmy that shyt. Fat Joe just two-faces mfer. How crazy would be if Big Pun was still alive to this today?...
