this capital structure affected the offer from Robertson & Stephens? How would RSC’s participating preferred interact with other tranches of preferred stock? The RSC offer of $11.75 million is more than Metapath has previously raised in all four rounds combined, so RSC is taking on more risk by offering this much funding. Because RSC will be putting
The purpose of this briefing note is to provide recommendations for Metapath Software Corp. (“Metapath”) on its financing offers received in September 1997. These two offers came from 1) a fund consortium led by Robertson Stephens Omega Fund (“RSC”) and Technology Crossover Ventures (“TCV”) and 2) CellTech Communications (“CellTech”), a vendor of wireless technology which had recently gone IPO. 2. EXECUTIVE SUMMARY Metapath has made good progress in developing its business since its inception
For the exclusive use of J. MOTA Harvard Business School 9-899-160 Rev. November 30, 1999 Metapath Software: September 1997 On September 29th, 1997, John Hansen called together his board to debate an interesting choice that his company had to make. Hansen—the CEO of Metapath Software Corp., a Seattle-based provider of software and services to wireless carriers—had two offers to describe to his board. The first was an offer to be acquired by CellTech Communications, a wireless products company