Even in the insular echo chamber of Silicon Valley, the name YouWeb doesn’t come up a whole lot. Yet the young incubator, largely a one-man show run by founder Peter Relan, has in just three years taken its initial seed capital of $700,000 and already launched a couple of hot internet startups. YouWeb tells Forbes that by its estimates, the companies it has invested in, including social games company CrowdStar and mobile social games platform provider OpenFeint, are collectively worth about $1 billion.
Because this is the incubator’s own estimate, it should be taken with a grain of salt. But there is evidence and support to believe this number isn’t that far off base either. By YouWeb’s calculations, the value of its companies basically breaks down like this: CrowdStar is worth around $400 to $500 million, OpenFeint around $400 million and its two newer startups Sibblingz and iSwifter each are worth around $100 million. YouWeb has come up with these figures largely by comparing its companies to similar companies with actual exits.
To read the full, original article click on this link: Exclusive: YouWeb, Billion-Dollar Incubator? - Oliver Chiang - SelectStart - Forbes
Author: Oliver Chiang
