GSV Capital (GSVC), Firsthand Tech VF (SVVC) on Watch Following Facebook's (FB) Q2 Results
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Investors are keeping an eye on GSV Capital (Nasdaq: GSVC) and Firsthand Technology Value Fund (Nasdaq: SVVC) following Facebook's (Nasdaq: FB) second-quarter earnings report, issued after the market closed Thursday.
It was the first report Facebook made since going public on May 18th. Overall, investors were a little disappointed, with in-line EPS of 12 cents and little in the way of guidance.
At last check, GSV Capital had $10.5 million invested in Facebook, amounting to 3.8 percent of its $150 million IPO fund (according to company data). That puts it fourth, behind names like Dropbox, Twitter, and Violin Memory. Its investment thesis includes:
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It was the first report Facebook made since going public on May 18th. Overall, investors were a little disappointed, with in-line EPS of 12 cents and little in the way of guidance.
At last check, GSV Capital had $10.5 million invested in Facebook, amounting to 3.8 percent of its $150 million IPO fund (according to company data). That puts it fourth, behind names like Dropbox, Twitter, and Violin Memory. Its investment thesis includes:
- Facebook being a powerful platform, with the potential to become the gateway to the "social" internet; and
- Facebook will be able to allow a wide variety of third-party companies to use its API and monetize third-party applications.
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