LivingSocial再融资之谜

    最新消息2：我刚开始浏览LivingSocial提交给特拉华州的监管文件。内容很长，但这轮融资显然是优先股交易（也即股权投资）。这跟PrivCo报告的结论截然不同，该机构称“今天的这轮融资不涉及股权或股票。”

    此外，这份文件还称投资者“有权获得3%的累计优先股股利。”而PrivCo却称存在“两位数的年度现金股利。”

    这份文件没有指明新一轮融资的投资者都有哪些，但《财富》了解到，其中包括亚马逊和风投公司Revolution这些原有的投资者，而没有参与这轮融资的投资者包括Grotech Ventures、光速创投（Lightspeed Venture Partners）以及普莱斯基金（T. Rowe Price）。

    另外值得一提的是，据我采访的一位接近LivingSocial的消息人士称，有外部投资者愿意在同等估值水平上参与融资，但该公司还是决定继续接受现有投资者的资金。这位潜在的投资者据称是一个“耳熟能详的人物”，并非一家风险投资公司。这位消息人士坚称，LivingSocial并不是再过几天或是几周就要破产，该公司在2月份最低点时仍手握2,800万美元现金，即使没有新一轮的融资，LivingSocial也在计划稳步增加现金储备。即使这个数字没有增加，新一轮融资也没能完成，LivingSocial仍然可以存活数月之久。（财富中文网）

    译者：王灿均

    UPDATE II: I have just begun skimming through LivingSocial's charter filing with Delaware. It's long, but this round clearly was preferred stock (i.e., equity). This is in stark contract to what PrivCo reported, when it claimed that "EQUITY or stock was NOT issued today."

    Moreover, the filing says that participants "shall be entitled to receive cumulative dividends at the rate of three percent." Again, PrivCo had claimed "Double-digit annual cash dividends."

    The filing does not identify investors in the new round, but Fortune has learned that they included existing backers Amazon and Revolution. Among those insiders not participating were Grotech Ventures, Lightspeed Venture Partners and T. Rowe Price.

    Also worth noting that I spoke with a source close to the company, who tells me that the competing term sheet was at the same valuation as what insiders offered, but that company decided to stick with its current investors. The prospective investor was said to be a "familiar name," but not a venture capital firm. That same source insists LivingSocial was not days or weeks away from a bankruptcy filing, adding that it had around $28 million in cash at its February low point and was on plan to steadily increase that number even without the new financing. Had that figure not increased, and had no new investment been forthcoming, it still could have survived for several more months.