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Pinterest’s IPO & New York Angels

Submitted by admin on Mon, 2020/03/02 - 9:39am

With this single investment I’m done. As soon as I get my liquidity event I will party like there’s no tomorrow.” This is what Brian Cohen told us in 2012, when Alessandro and I interviewed him for “Tech and the City”. The investment was in Pinterest, the popular social network used to share photos, organized as collections of pictures on a pin board. Founded in Palo Alto, Silicon Valley, by three youngsters under 30, and launched in March 2010, Pinterest has become one of the most visited sites. “I helped them start and guided them as a mentor to become what they are,” said Cohen, who is Chairman of the New York Angels since October 2011. He was one of the very first investors in Pinterest.

Now Pinterest is valued $12 billion or more and has just confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering that should happen in the next few months.

Read Complete Article Wednesday, February 27, 2019