There’s more at stake in Twitter Inc.’s initial public offering than just shares held by employees and investors. The performance will influence how Silicon Valley’s dealmakers value emerging Web startups.
Twitter Inc. co-founder Evan Williams is the company’s biggest shareholder with about 15 percent, said people familiar with the matter, leaving him in position to become a billionaire after the initial share sale.
Facebook Inc.’s initial public offering will give Chief Executive Officer Mark Zuckerberg access to more than $15 billion that may step up the pace and size of acquisitions after a $1 billion deal for Instagram.
Lightspeed Venture Partners, an investor in LivingSocial.com, has almost completed raising two funds, one in the U.S. and one in China, totaling about $875 million, according to two people with knowledge of the matter.