Groupon is giving even “smart money” investors a bad case of buyer’s remorse.
Silicon Valley heavyweights who participated in Groupon’s record $1 billion fundraising round last year have lost a combined $329 million and are down 34 percent on their investment, according to research firm PrivCo.
The list of big-name losers includes venture capital firms Kleiner Perkins Caufield & Byers, Accel Partners and Andreessen Horowitz, along with individual investors such as Starbucks CEO Howard Schultz, whose $15 million investment is now worth about $10 million. Even “Twilight” producer Guy Oseary lost close to $700,000 on his $2 million bet.
Andreessen Horowitz’s $40 million investment is worth about $26 million. VC firms Kleiner Perkins and Greylock, which both invested about $65 million, have lost about $20 million a piece.
Groupon was valued at $5.5 billion in the January 2011 round but has imploded since its November IPO. After a dismal earnings report on Monday, the stock tumbled 25 percent to close at $5.53 — a $3.5 billion market cap.