Detailed information on recent funding, pricing, deal terms, valuations, people, and more for Uber Technologies, RingCentral, Inc., and CircelUp Network provided by VCExperts.com.

1. August 2013
Spotlight
Companies
This newsletter contains pricing, valuations and
key people data on three trending companies.
For more data on any of these companies please
visit vcexperts.com.
1
Uber Technologies Picks Up
$258 MM
The People Behind the
$28 MM Valuation
Pages 2-4:
The following pages have a
detailed view of Uber
Technologies, RingCentral, and
CircleUp. The focus will shift
from company to company to
show the various data VCE
Experts collects. To view the full
profile of these companies
please visit vcexperts.com.
Next Issue:
The next issue of Spotlight
Companies will examine a pre-
IPO company that has filed an
S-1.
The newsletter will also look at
two startups with significant
funding early on.
www.vcexperts.com
(646)290-9254
• Valuation Trend
The valuation trend graph shows a
company’s post money valuation
over time.
• Fair Market Value
Fair market value is the price a
property would sell for in the open
market
• Key Investors
Investors that hold a board seat or
have a significant position in the
company.
RingCentral Dials IPO
The software-as-a-service (SaaS) company
that provides solutions for business
communications filed their S-1 registration
statement with the SEC for an Initial Public
Offering. Valuation and Pricing history on
Pg. 3.
The crowdfunding site operates an online
social marketplace that supports direct
equity investments from individual
investors into privately held consumer
and retail companies. Details on the
people behind the company on pg. 4.
The on-demand car service company
confirmed they raised a mammoth
amount of funding from Google Ventures
and TPG. Deal Terms and Valuation
metrics on Pg. 2.

2. 2
August 2013:
Google Ventures led the $258
MM round with participation
from TPG Capital to expand into
new markets, accelerate
customer and driver acquisition,
and fight off protectionist, anti-
competitive efforts.
Expansion Continues:
Uber begins testing in Dubai, and
launches in Honolulu, Washington
DC, South Africa, Mexico City,
Seoul, and Taipei.
Valuation Metrics:
Investment Amount:
$258,000,000.00
Price Per Share:
$142.54 (Series C-1)
Est. Fully Diluted Shares:
24,417,077
Post-Money Valuation:
$3,480,410,247.00
Key People:
Travis Kalanick: Co-Founder, CEO
Thuan Pham: CTO
Ryan Graves: Head of Global Operations
Salle Yoo: General Counsel
David Drummond: Google Ventures
David Bonderman: TPG Capital
Uber Technologies
Picks Up $258 MM
Deal Terms of Investment on 8/1/2013
Round Series C
Direction Up Round
Liquidation Preference Pari Passu
Liquidation Multiple 1.25x
Stock Type Conventional Convertible
Anti-Dilution Weighted Average
Redemption No
Cumulative Dividends No
Dividend Rate 8%
Pay-to-Play Penalties No
Reorganization No
View the Certificate
Address: 800 Market Street, 7th Floor, San
Francisco CA 94102
Phone: 650-387-5138
Web: http://www.uber.com
Twitter: @Uber

3. 3
 About:
RingCentral is a Software-as-a –service
provider for business communications. The
cloud-based approach enables flexibility
and a cost-effective solution for effective
communication. The Company’s flagship
service, RingCentral Office, is a multi-user,
enterprise-grade communications solution
that enables customers and employees to
communicate via voice, text and fax, on
multiple devices, including smartphones,
tablets, PCs and desk phones.
 Growth Strategy: (from S-1 filing)
• Focus on Larger RingCentral Office
Customers
• Continue to Innovate
• Grow Revenues from Existing
Customers
• Expand Distribution Channels
• Scale Internationally
 Key People:
Vladimir Shumnis: CEO, Chairman
Clyde Hosein: Exec. VP, CFO
David Berman: President
Douglas Leone : Sequoia Capital
Robert Theis: Scale Venture Partners
David Weiden: Khosla Ventures
Neil Williams: SVP & CFO Intuit
Bobby Yeramilli-Rao: Hermes Growth
Partners
Tips for Attracting Financing
RingCentral Dials IPO
Address: 1400 Fashion Island Blvd., 7th Floor,
San Mateo, CA 94404
Phone: 650-472-4100
Web: http://www.ringcentral.com
Twitter: @RingCentral
If you're going to talk “IPO” you have to
project a $500 million valuation (i.e., be a
big company). Five hundred million dollars
is the point at which the dividing line is set
between the "holy-grail," (a successful IPO)
and the "orphanage" (public issuers whose
market cap is too small to attract either
analytical coverage or institutional interest
on the buy side). *
*Tips for Attracting Financing,
By Joseph W. Bartlett, Founder VC Experts.com
RingCentral: Common vs. Preferred PPS
FMV:
The price that a property would sell for on the open market. It is
the price that would be agreed on between a willing buyer and a
willing seller, with neither being required to act, and both having
reasonable knowledge of the relevant facts.
Pricing Data:
VCE provides a full breakdown of reorganization events,
complete with filings. VCE also provides analysis of
recapitalization occurrences, disclosure of reverse and forward
splits and the price per share of both common and preferred
stock.
Below is a chart that tracks the price changes of both preferred
and common stock. Recently, VCE has been using this chart to
predict potential IPO’s. See the whole investment profile at
www.vcexperts.com.

4. 4
CircleUp Network’s
Key People
July 2013:
SEC Lifts Ban on General
Solicitation: With this
new regulation change,
startups are able to
publicly advertise that
they are fundraising.
To learn more click here.
CircleUp in the Press
June 2013:
Bloomberg names
CircleUp a Titan of
Retail.
May 2013:
CircleUp raises $7.5M
Series A: Union Square
Ventures, Google
Ventures and others
participated in the
round.
VCExperts Valuation:
$28MM
May 2013:
CNBC names CircleUp as
a Disruptor 50.
Ryan Caldbeck: Co-Founder, CEO.
Years in private equity, an MBA from
Stanford and plenty of financial
licenses have prepared Ryan to help
change private fundraising.
Rory Eakin: Co-Founder, COO. Rory
too has deep understanding of
private investment after working at
Humanity United, part of the
Omidyar enterprises, earning his
MBA at Stanford and amassing
several licenses.
Andy Weissman: Director at
CircleUp, Partner at Union Square
Ventures. Andy has invested in
some awesome companies: Path,
Bit.ly, UserVoice, Tumblr, Twitter
and more.
Google Ventures: Investor in
CircleUp. Other investments
include: Blue Bottle Company,
HomeAway, DocuSign, Airtime and
countless others. Google Ventures
participated in CircleUp’s most
recent round of financing. To see deal
terms click here.
Address: 1 Hallidie Plaza Suite 503
San Francisco, CA 94102
Phone: 650-387-2444
Web: http://www.circleup.com
Twitter: @circleup