M&A activity in the warehouse robotic space
Robots are taking over the heavy lifting work inside warehouses
Read more..."It's a simple story, we liked the team.. we liked the opportunity," said Jeremy Liew, partner at Lightspeed Venture Partners. "This opportunity for white-label social networks is actually a very compelling one as we've seen the growth of those social networks, now more than a million on Ning."
Liew, who was a panelist at AlwaysOn's Summit at Stanford this week, was responding to a question asked by Michael Arrington of TechCrunch, who was sitting in the audience. Arrington asked why Lightspeed invested $15 million in Ning at a seemingly absurd valuation of $750 million, a deal first reported by All Things D.
Liew also likened Lightspeed's investment in Ning to Greylock's $25 million investment in Facebook at a $500 million valuation back in 2006.
Watch the video for more of Liew's explanation.
Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.
All author postsRobots are taking over the heavy lifting work inside warehouses
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