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Summary:

Amyris, which started trading on the NASDAQ today, has racked up millions of dollars from investors since its founding in 2003, including Kleiner Perkins, Khosla Ventures, and French oil giant Total. For some of those backers who took a chance early on, it’s a decent exit.

Amyris IPO: The S-1, By the Numbers

Amyris, which started trading on the NASDAQ today, has racked up hundreds of millions of dollars from a bunch of investors since its founding in 2003, including venture capitalists Kleiner Perkins, Khosla Ventures, and French oil giant Total. For some of those backers who took a chance on the greentech venture early on, Amyris’ IPO offers a decent exit.

How good? Well, Amyris’ selling stockholders, directors, officers and employees are subject to a lock-up period for 180 days after the IPO, but at the IPO price of $16 per share, Kleiner’s 12.2 percent share is worth about $67 million and Khosla Venture’s 11.4 percent stake is worth around $62 million (I’m simplifying that). I’m not sure how much each firm put in, but Kleiner and Khosla each invested in Series A, B, and C rounds. Here’s the rundown:

Shareholder Pre-IPO Stake Value of shares at $16
Kleiner Perkins 4.18M (12.2 percent) $66.88M
Khosla Ventures 3.89M (11.4 percent) $62.24M
TPG Biotechnology Partners 3.26M (9.5 percent) $52.16M
Temasek Holdings 2.72M (8 percent) $43.52M
Advanced Equities 1.79M (5.2 percent) $28.64M
Amyris CEO John Melo 1.50M (4.2 percent) $24M
Amyris Co-founder Kinkead Reiling 985K (2.9 percent) $15.76M
Total Gas & Power 7.10M shares (20.7 percent) $113.60M

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  1. It’s too bad that Advanced Equities raised that $28.64 million off the backs of sales reps who were told Amyris would have a billion dollar exit. Who were told that at $70 oil, Amyris conceeded estimated EBITDA of $900 million. Based on peer comps, a multiple of 3 to 5 would peg Amyris at $3-4 Billion. Those who were told to sell any unsuspecting grandma so as long as they could squeeze a 100K out of them for the deal. No Wonder the SECOND is heavily investigating Advanced Equities. Nothing but Kleiner and Khosla’s dirtyt little bucket shop.

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