Comments on: Loopt Hires Allen & Co. For Financing Or Sale

By: Wehner has the magic touch?

Wehner has the magic touch? — Tue, 10 Mar 2009 18:47:13 +0000

Let’s see here…Wehner got $310M for StubHub in January 2007 when according to public sources it generated more than $100M in revenue…

StubHub competetor viagogo just raised $15M on a rumored valuation of $300M just three plus years after launching while the economy is in the tank and valuations have plummeted… http://www.tech...attle-seatwave/ Surely viagogo has not yet reached annual revenues of anything close to $100M.

Seems to me that eBay got StubHub for a steal at $310M. Way to go Dave Wehner!

By: Cracklover

Cracklover — Tue, 10 Mar 2009 18:06:44 +0000

Hilarious! Thanks for a good laugh Crackhead.

By: Larry McDonald

Larry McDonald — Wed, 31 Dec 2008 16:40:15 +0000

Loopt has no road map. On one hand they tried to be Facebook with location. What would happen if Facebook ads location? They are done.

Now they’ve added finding people like the iPhone App WhosHere. But they are thousands of users behind WhosHere.

So they’ve got an undefensible front on one side and are playing catchup to a lean an efficient startup on the other. WhosHere is probably already profitable with like a handful of people, Loopt plays catchup at $1 million a month burn rate.

By: Could Facebook Buy Loopt?

Could Facebook Buy Loopt? — Wed, 10 Dec 2008 15:52:11 +0000

[...] not quite sure but back in November Mike Arrington suggested that Loopt was possibly looking to sell the company. Since then, the company has experienced muted [...]

By: Ted

Ted — Sun, 23 Nov 2008 12:38:25 +0000

This company has raised a minimum of $20m and is probably burining $1m a month. Deadpool!

By: Rumor: Loopt.com Is Looking For A Buyer | FuckedStartups

Rumor: Loopt.com Is Looking For A Buyer | FuckedStartups — Sun, 16 Nov 2008 06:00:34 +0000

[...] looking for a buyer. Anyone know if this is true? TechCrunch reported this last Tuesday (here) – “…we’ve heard that they’ve hired investment bank Allen & Co. to represent [...]

By: Loopt hires investment bank Allen & Co. | Startup Meme - Technology Startup and Latest Tech News

Thu, 13 Nov 2008 03:17:26 +0000

[...] by Loopt. Allen & Co. M.D. Dave Wehner is the guy that hooked up the deal, as he also has done in the past: Bebo’s sale to AOL, Powerset’s sale to Microsoft, Stubhub’s sale to eBay, and [...]

By: Train to Jump Higher

Train to Jump Higher — Wed, 12 Nov 2008 21:51:59 +0000

Yeah that is a pretty cool app. I have it on my iphonee

By: LyQuSay Facebook App

LyQuSay Facebook App — Wed, 12 Nov 2008 19:47:03 +0000

OMG! Loopt is valued at $500M!!! Where’s crack-head Tyrone Biggums from the Dave Chappelle’s Show when you need him?

By: Is Loopt Displaying Strategic Smarts, Or Headed For Financial Trouble? — GPS Obsessed

Wed, 12 Nov 2008 18:28:43 +0000

[...] Arrington is reporting on Techcrunch that Loopt has hired investment firm Allen & Co. to represent them in either a sale or new round of financing. I think it’s unlikely [...]

By: answering

answering — Wed, 12 Nov 2008 16:21:39 +0000

Hmmm .. I wouldn’t be at all surprised to see Loopt on the Android platform. Is it in the Android store yet?

By: answering

answering — Wed, 12 Nov 2008 16:15:05 +0000

“I think.” is not a well researched position. Loopt’s origins are through carriers like Boost, Sprint and Verizon. The iPhone app is new, and currently popular, but the vast majority of people who use Loopt are on the smaller Brew/J2ME phones and on other smartphone platforms.

I don’t know what arrangements Loopt has made that allows the iPhone app to be free and without subscription fees. It’s possible that there is some kind of arrangement there, or an alternate revenue model will emerge to indirectly capture revenue from third parties.

Loopt’s location tech is the unique card, and it’s not a space other sites can easily play in. It takes direct negotiation with the telco providers to get access to the GPS and location information _in the background_. This is different than BrightKite and other services that you have to find and click where you are on a map.

So, they have a revenue stream, and it’s significant. That’s a lot more than a ‘bubble’ company generally shows. However, it’s how they grow the business and expand their advantage that will be key.

By: answering

answering — Wed, 12 Nov 2008 16:07:29 +0000

Layoffs? I don’t know where you get your information, but from what I can see it’s the exact opposite. Loopt is hiring in all the departments, and actively interviewing people. It looks like a generally happy, growing company on the whole.

By: Sam B

Sam B — Wed, 12 Nov 2008 15:22:28 +0000

Hey there Loopt, let me introduce you to my good friend, the year 2008. Oh, you haven’t met? Well, I’ll leave you two to get acquainted.

What’s that chomping sound?

By: Fred Grott

Fred Grott — Wed, 12 Nov 2008 11:47:34 +0000

Question, is anyone aware the percentage of their customers who are on failing Sprint?

Its over 50%..this is a sale preparation set up..I woudl look for a Android CDMA Mobile Operator announcement as the trigger behind this announcement..Say Sprint’s competitor Verizon..

By: boost exec

boost exec — Wed, 12 Nov 2008 09:25:28 +0000

lowell please – you guys pushed it through from a brand perspective – you know we made no money in fact lost a lot on the deal. why do you continue pushing this loser?

By: Democrats

Democrats — Wed, 12 Nov 2008 09:14:01 +0000

Somebody silence this liar. Fast.

By: Memetics

Memetics — Wed, 12 Nov 2008 09:11:50 +0000

Somebody is meme-bombing this post with hysterical rhetoric about the Federal Reserve.

There is no reason to doubt the legitimacy of the Fed. The $2,000,000,000,000 worth of bad debt they guarantee is absolutely RISK FREE.

The US Congress (despite an approval rating <10%, lower than Bush’s), is NOT responsible for the SUBPRIME fiasco.

And Obama’s campaign financing DID NOT disable credit card security measures. Nor did he take illegal contributions from FOREIGN DONORS.

By: Crackhead

Crackhead — Wed, 12 Nov 2008 09:02:07 +0000

It ends with the collapse of the US economy.

The Federal Reserve is a private corporation, printing US dollars, like its a fire sale.

Who Cares?!?!?

By: Crackhead

Crackhead — Wed, 12 Nov 2008 08:59:41 +0000

Ignore the Crackhead. We’ve dispatched Obamatons to silence him.

By: Surging on an iPhone commercial, Loopt looking to sell or raise money? » VentureBeat

Wed, 12 Nov 2008 08:57:43 +0000

[...] It looks as if Loopt may be looking for an out — or more likely, an insane new round of funding. The location-based social network for mobile devices has supposedly hired the investment band Allen & Co. to find a potential sale or investment partner, TechCrunch is reporting. [...]

By: Crackhead

Crackhead — Wed, 12 Nov 2008 08:57:24 +0000

You want FREE? Call the US Government for a BAILOUT.

The Federal Reserve (a PRIVATE corporation) is backing $2 TRILLION dollars of bad debt. And wants YOU to ignore it.

$ 2,000,000,000,000

Change!

By: Crackhead

Crackhead — Wed, 12 Nov 2008 08:54:29 +0000

What are you smoking Tristan? Cause I need some of that shit…

Did anybody notice the FED is trying to hide 2TRILLION dollars of bad debt?

I didn’t.

By: Big Picture

Big Picture — Wed, 12 Nov 2008 08:51:55 +0000

That’s negative.

By: Doofus

Doofus — Wed, 12 Nov 2008 08:50:00 +0000

Wow, Marcus. You are well-connected. Are you on Linked-in, the fastest-growing social network on the web? Come check me out over there, and tell your 600 friends to connect. Everyone who is someone is there.