Crains New York - May 27, 2013 - (Page 1)
CRAIN’S
NEW YORK BUSINESS
VOL. XXIX, NO. 21
®
LETTUCE
PREY Foragers
market picks up
on local food fad
PAGE 25
WWW.CRAINSNEWYORK.COM
MAY 27-JUNE 2, 2013 PRICE: $3.00
REPORT LARGEST COMPANIES
Stock
shocker!
This company’s
shares have returned
2,448% since 2000.
Is it Coach?
Or Amazon?
FPO
BY ADRIANNE PASQUARELLI
buck ennis
TAXES Apple
SPINOFFS
THE LIST
isn’t the only
big company
not paying The
Man P. 19
The latest
diet fad to hit
Wall Street
bloomberg news
INSIDE
PAGE 13
Largest
publicly held
companies in
NY P. 15
P. 13
Yahoo’s $1.1 billion purchase will add to cadre of young,
ambitious NYC techies with cash to seed more startups
BY MATTHEW FLAMM
NEWSPAPER
Yahoo’s announcement last week that it would
purchase Tumblr for $1.1 billion was a landmark
event, not only because it was the biggest deal
ever for a venture-backed New York tech firm.
The payouts will create a cluster of instant
millionaires—starting with Tumblr founder
and Chief Executive David Karp (right)—
some of whom will use their newfound wealth
to become angel investors and entrepreneurs in
the New York tech scene. The
filing last week for an initial
public offering by Manhattan-based Tremor Video—
the second such filing by a
New York tech company in recent months—raised the possibility of more money being
reinvested in the marketplace.
“We’re going to see a pretty
significant infusion into New
York’s tech ecosystem that could
start fairly soon,” said Jonathan
Bowles, executive director of think
tank Center for an Urban Future,
referring to the Tumblr deal. “Even
if David Karp is going to continue
working at Tumblr, I don’t see why he
can’t become an active investor in
See TUMBLR on Page 23
buck ennis
Tumblr’s instant millionaires look to reinvest
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Table of Contents for the Digital Edition of Crains New York - May 27, 2013
In the Boroughs
In the Markets
Small Business
The Insider
Business People
Opinion
Alair Townsend
Greg David
Steve Hindy
Report: Largest Companies
The List
Classifieds
For the Record
Real Estate Deals
New York, New York
Source Lunch
Out and About
Snaps
Crains New York - May 27, 2013
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130812
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130729
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130722
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130715
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130708
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130624
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130617
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130610
https://www.nxtbook.com/nxtbooks/crainsnewyork/20130603
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