I don’t like to leave loose ends.

I reported back on May 29 that NexTag was being sold for $1B. Yes, I knew it was a done deal back then, but wanted the company to confirm…I don’t post rumors.

According the the WSJ (June 8), NexTag sold aprx. 66% of the company for aprx. $833M, giving NexTag a total valuation of aprx. $1.2B.

There are plenty of ex-Taggers out there kicking themselves for not staying an extra couple months and vesting their options (there are lots of ex-Taggers who left after about 7 months on the job). Interesting question now is whether the current employees were taken care of or if the founders and VCs were the only ones who profited from the deal. If it’s the later, expect a whole new wave of ex-Taggers.