Replies to post #7374 on East Coast Diversified Corp (fka ECDC)

[sweet crude]

Simular GPS locator start-up valuations

‘Russia’s Foursquare’ attracts investment from top funds and angel investor Esther Dyson

AlterGeo, a Russian startup inspired by the Foursquare concept, announced yesterday it has closed a third round of financing with Intel Capital, prominent Russian venture fund Almaz Capital — sometimes called the Almaz-Cisco fund, and U.S. angel investor Esther Dyson, who is involved in several Russian IT projects.

The amount of the investment was not disclosed, but Russian business daily Vedomosti reports from a source close to the deal that it could be upwards of $10 million, although blogger Yakov Sadchikov believes it was just $5 million.

The company is estimated to be valued at $20 million to $25 million.

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This move into GPS related social networking could attract 'institutional investors' to help back the company...that wouldnt be out of the question.

If ECDC was valued at $25 million, like this Russian GPS social networking company, that would put ECDC at .15 per share...and this doesnt include their core business and deal with ZSTN.