The Capitalization Report v210518 BETA

KEYWORDS: MasterClass, Carrick Capital Partners, Tiger Global, Spectrum Equity, Bessemer Venture Partners, Y Combinator, RHC 21, Red Hook Capital, DailyPay, Goldbelly, Houm

EDITOR: JD M. and Will E.

THE CAPITALIZATION REPORT v210517

DEALS THAT RECENTLY CLOSED

  • MasterClass, a San Francisco, CA-based streaming platform for anyone to learn from the best professionals in their specific field, raised $225M in Series F funding (DISCOLSURE: Red Hook Capital Fund is a co-investor in the deal) PRESS RELEASE URL: https://www.prnewswire.com/news-releases/masterclass-raises-225m-to-further-accelerate-growth-301290700.html
  • DailyPay, a New York City-based provider of on-demand pay solutions for enterprises, raised $175 million in Series D funding. Carrick Capital Partners led the round. (DISCLOSURE: A Red Hook Capital Fund is a co-investor in this deal). PRESS RELEASE URL: https://www.prnewswire.com/news-releases/dailypay-raises-500-million-of-capital-powering-its-mission-to-transform-the-financial-system-301293703.html
  • Goldbelly, a New York City?-based maker of a food e-commerce platform, raised $100 million in Series C funding. Spectrum Equity led the round and was joined by investors including Intel Capital. (DISCLOSURE: A Red Hook Capital Fund has co-invested in the D round with Spectrum Equity)
  • Coiled, a New York-based machine-learning and A.I. data company, raised $21 million in funding. Bessemer Venture Partners led the round. (DISCLOSURE: Red Hook Capital has co-invested in deals with Bessemer Venture Partners )
  • Houm, a Chile-based all-in-one platform for homeowners to rent and sell their propertiesraised $8 million in seed fundingInvestors included Y Combinator, Goodwater Ventures, OneVC, Vast VC, Liquid2, and Myelin. (DISCLOSURE: Red Hook Capital has co-invest in deal with Y Combinator)
  • Platinum Equity agreed to acquire Game Taco, a Sausalito, Calif.-based skill-based mobile gaming platform. Game Taco will also acquire WorldWinner, a skill-game company, from GSN Games, which is owned by Sony Pictures Entertainment. Financial terms weren’t disclosed. (DISCLOSURE: Red Hook Capital has advised Platinum Equity on other mergers and place bids on Platinum Equity portfolio companies in the past).
  • Ankorstore, a Paris-based curated marketplace for independent brands and retailers, raised $100 million in series B funding. Tiger Global and Bain Capital Ventures led the round and were joined by investors including Index Ventures, Global Founders Capital, Alven, and Aglaé. (DISCLOSURE: Red Hook Capital has co-invest in deal with Tiger Global)

TALKING VALUATIONS

  • MasterClass is raising $225 million in a new round of funding that it will use to launch a new enterprise business and expand internationally.
  • It more than triples the start-up’s valuation to $2.75 billion, according to sources.
  • The Series F was led by Fidelity, with participation from Baillie Gifford, Eldridge, IVP and NEA.

Online learning platform MasterClass has been valued at $2.75 billion in a new round of funding. That’s more than triple its valuation from 3q2020, according to Pitchbook.

MasterClass, the streaming platform that makes it possible for anyone to learn from the best, today announced that it has raised $225M in Series F funding, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures. Disclosure: This report is a portfolio company of Red Hook Capital that co-invested in the deal through a SPV in this round).

MasterClass relies on a subscription model for revenue. An annual subscription costs $180 and allows users unlimited access. For EBITDA companies, the number of subscribers could influence the valuation or a multiple of EBITDA.

A member of the The Capitalization Report would be happy to discuss in details valuation of this company with the requirement that they are an accredited investor with proof of funds (can use our PROOF program) or an owner in a company with EBITDA greater than $3 million.

CEO & GENERAL PARTNERS CLOSING DEALS

David Rogier is profiled today for raising $225 million in a new round of funding that it will use to launch a new enterprise business and expand internationally

David Rogier is the founder and CEO of MasterClass, the streaming platform where anyone can learn from the world’s best across a wide range of subjects. As a kid, Rogier loved learning but often struggled in school. In 2015, he created MasterClass to reinvent the traditional model and provide life-long learning opportunities for everyone.

MasterClass has since transformed the online learning category providing intimate access to over 90 of the world’s best practitioners.

In 2020, David Rogier was named one of the most influential leaders in media and entertainment on Fortune’s “40 under 40” list and as one of Variety’s Hollywood New Leaders.

RECENT DEALS THAT CLOSED OF INTEREST

Healogics, a Jacksonville, Fla.-based provider of wound care, raised $240 million. Clayton Dubilier & Rice, Partners Group, and Northwestern Mutual invested $75 million. Marathon Asset Management invested some $165 million  (DISCLOSURE: A member of Red Hook Capital S.E.A. was a former board member of Northwestern Mutual).Merge, a San Francisco and New York City-based business-to-business API company, raised $4.5 million in seed funding. NEA led the round. (DISCLOSURE: A Red Hook Capital Fund has invested in NEA Fund).

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Abay Capital managing rare assets (2020/2021 Porche 911s and a 2020 Porche Speedster)

RHC Abay Capital has access to rare assets. Rare Estates, cars, paintings, wine, and more! Contact Jack, Charlotte, or Sarah about being approved to have access to our friends and family assets. Sample assets:

  1. 2020 Porche Speedster (50 miles)
  2. 2021 911 Carrera 4s cabriolet
  3. Three VERY race cars other after signing a mutual non-disclosure agreement (NDA)

RHC Abay Capital is currently acquiring high end race cars and real estate for rental or ownership. Soon

IMPORTANT: You must go through our PROOF of Funds (POF) program. $250,000 USD proof of funds (POFs) for most cars and $500,000 USD for Porche Speedster (not able to test drive due to insurance issues).

PRESS RELEASE: RHC Family of Funds to invest in Venture Capital Fund

2021-03-26 RHC Family of Funds to invest in Social Leverage, a venture capital (VC) fund

RHC Family funds continue to invest in funds through its SPE program with accredited investors, family offices, and sources of capital with greater than $5 million dry powder and proof of funds. 

RHC Family of funds continues to network with top VCs, HNWI, and Family offices using its PROOF OF FUNDS model to qualify co-investing or investing in deals. Social Leverage has closed on more than $50 million USD of Capital (see the press release or Social Media for final closing amount). 

Social Leverage is a partnership that invests in exceptional entrepreneurs. We partner with promising technology companies, bringing our own entrepreneurial expertise, relationships, and marketing experience to the fore.

 

RHC Family of Funds to invest in Venture Capital Fund Social Leverage through its SPE program co-investing with a single-family office, HNWI, and accredited investors. The final closing of the fund should place Social Leverage as a leading VC firm in the South Western part of the country.  

A spokesman for RHC Family of Funds, JD Morris, says  

We have always watched Gary Benitt as a leader in Southern California’s Venture Capital community. Members of our “Investor Network” will have the option to co-invest with RHC SPEs into Social Leverage deals. We have been doing “Back Door Co-Investing (BDCI)” investing with Tiger Global, The Carlyle Group, TPG Growth, and other co-investment deals through our SPE program. We look forward to adding Social Leverage to our list of top venture capital (VC) partners. I look forward to working with Gary Benitt and Social Leverage witth our single-family office, members of our investor network, and our SPE funds.

 RHC Family funds continue to invest in funds through its SPE program with accredited investors, family offices, and sources of capital with greater than $5 million dry powder and proof of funds. RHC Family of funds continues to network with top VCs, HNWI, and Family offices using its PROOF OF FUNDS model to qualify co-investing or investing in deals. Social Leverage has closed on more than $50 million USD of Capital (see the press release of Social Leverage for final closing amount). 

ABOUT SOCIAL LEVERAGE AND GARY BENITT

Gary, a managing partner with Social Leverage, is a seasoned serial entrepreneur, having been a part of four founding teams in both consumer and B2B companies over the past 18 years. Most recently, he spent three years as COO of Desk.com after his company, Assistly, was acquired in 2011 by Salesforce.com.  

Previously, Gary was with AOL after his company, Goowy Media was acquired in early 2008. Gary has managed various technology and go-to-market teams, including business operations, customer service, client implementation and success, engineering, and quality assurance. He brings broad knowledge across all facets of growing a business from a startup into a mature organization.

Gary has been an active investor in early-stage companies since 2011, with over 20 investments, including Classy, Getaround, Gusto, and Gyft.

ABOUT INVESTOR NETWORK

 Investor Network by JD has been an investment group that has been co-investing for the last 20 plus years into real estate, moon shot deals, funds, fund of funds with accredited investors, self-direct IRAs, single-family offices, private equity firms (PEGs), Venture Capital firms, and other sources of capital. The Morris family has been investing in deals for more than 100 years. From Coca-Cola Bottling to drug stores (Mr. Morris is dissentient well know families in United Sates such Allen, King, Morris, and other well know families in American history).

END

For all press and other request for information contact Sarah@RedHookCapital.co or Jack D Morris via LinkedIn at the following URL: https://www.linkedin.com/in/jdmorrisjr/

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REBLOG: JD Morris featured in Forbes Article on October 17, 2019.

Thanks Forbes for featuring me in one of many articles.

Forbes 5x2 Banking

Choosing The Right Bank Or Credit Card: 10 Tips From Finance Experts

10. Look For Apps That Can Help

Experian and a few others have apps that will provide recommendations based on your credit score. They have apps that will allow you to compare features including annual fees, intro rates, annual percentage rates, etc. Not all people and not all cards are created equal, so take advantage of Experian or others that have apps to help. – JD Morris, Red Hook Capital

For full article visit: https://www.forbes.com/sites/forbesfinancecouncil/2019/10/17/choosing-the-right-bank-or-credit-card-10-tips-from-finance-experts/#165222321733

JD Morris Quoted in Forbes – Seven Clear Signs Your Business Is Ready To Go Public

For the full article from Forbes Online:

https://www.forbes.com/sites/forbesfinancecouncil/2019/07/15/seven-clear-signs-your-business-is-ready-to-go-public/#538332f149d1

JD Morris Quote:

2. You Have A Backup Plan For A Delayed Or No IPO

Billion-dollar-revenue companies get their IPOs pulled! IPOs are expensive and risky. Having a plan for a delayed IPO—or possibly no IPO—is a must. If your company will succeed with or without the IPO, you can safely test the IPO market. This means you have lots of investors wanting to invest in your next round. – JD MorrisRed Hook Capital

 

Forbes JD morris 5x3

REPOST: Our Senior Executive Advisor (SEA) program is looking for mentors

SOURCE URL:  http://redhookcapital.co/2019/04/sea-mentor-hiring/

Our Senior Executive Advisor (SEA) program is looking for mentors

Red Hook Capital is not a company, but a vision. We invest via referrals only and our investors come from our friends, families, and Senior Executive Advisors  (S.E.A.).  Red Hook Capital’s friends and family have been investing through special purpose entities (SPEs) for more than 50 years.

Red Hook Capital is a vision or portal for great people to co-investing in great deals worldwide.  When good people meet in a restaurant in Red Hook in New York City or a yacht anchored in Red Hook in St. Thomas USVI, great things happen!

We are looking for accredited investors to join our Senior Advisor Executive Program to be on board of directors of companies that we mentor. Contact Victoria at Victoria@RedHookCaptial.co anytime to request more information about SEA program or join our investment group called “Investor Network Destinations.”

Red Hook Capital a family of Special Purpose Entities (SPEs) with friends and families.

RISE S.E.A. is a trademark for SEA Program.

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