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Investments

1

Portfolio Exits

1

About Chris Saridakis

Christopher D. Saridakis has served as chief executive officer of Global Marketing Service segment since May 2010. From December 2007 to May 2010 Mr. Saridakis served as senior vice president and chief digital officer of Gannett Co., Inc. Prior to joining Gannett, Mr. Saridakis served as chief executive officer of PointRoll, Inc. from June 2003 to December 2007.

Chris Saridakis Headquarter Location

Pennsylvania,

United States

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Latest Chris Saridakis News

Ex-eBay Enterprise exec gets 15 months in prison for insider trading

Oct 1, 2014

Philadelphia's federal courthouse, where Chris Saridakis was sentenced. (Photo by Flickr user It's Our City, used under a Creative Commons license) Chris Saridakis , the former president of King of Prussia’s eBay Enterprise , was sentenced to 15 months in prison for insider trading this morning in federal court. He must turn himself in by Dec. 1. “I’m humiliated, I’m embarrassed, I’m ashamed,” said Saridakis, who tipped off four family members and friends to the sale of GSI Commerce to eBay in 2011. Saridakis, 45, of Greenville, Del., was an executive of GSI Commerce at the time. He went on to become president of the company, which later became eBay Enterprise. The $2.4 billion sale of GSI Commerce was the biggest tech business acquisition  in the Philadelphia region in the last 15 years. When asked why he did it, he told Judge Stewart Dalzell that he thought he was doing his friends and family “a favor.” (One of those people was Jules Gardner, founder of media tech company PointRoll. Gardner, who cooperated with the feds, was only charged in the civil lawsuit filed by the Securities and Exchange Commission. ) The prison sentence, stemming from the criminal charges against him, is on top of the penalties Saridakis faced from the SEC civil suit. He had to pay $664,822 — two percent of his $32 million net worth, Dalzell noted — and agree to a lifetime ban from being an executive at a public company. “His career is over,” said Richard Zack, Saridakis’s attorney, in an attempt to show Dalzell that his client had already paid dearly for his crime. He asked Dalzell to give Saridakis probation, pointing out that Saridakis made no monetary profit from the insider trading tips and that he admitted to his wrongdoing. Dalzell refused. Probation would amount to “a slap on the wrist,” he said. Dalzell also denied Assistant U.S. Attorney Joel Goldstein’s request for two-and-a-half to three years in prison for Saridakis. At the sentencing, four people testified on Saridakis’s behalf, including two from his days at DoubleClick, the ’90s-era online ad service group Saridakis co-ran. (Google acquired DoubleClick in 2008 for $3.1 billion, but Saridakis left the company in 2002 for  PointRoll, which he sold to Gannett for $100 million in 2005. ) Saridakis, said former DoubleClick CEO (and current Twitter board member) David Rosenblatt , hired people who the tech industry would normally not give a chance. People with less experience, people who didn’t speak English very well. Rosenblatt, who runs New York City-based online marketplace 1stdibs, was a GSI Commerce board member. In a choked-up testimony, Saridakis’s wife, Penny Saridakis, asked the judge not to take Saridakis away from his four pre-teen children. Dalzell also ordered Saridakis to pay a $10,000 fine. Saridakis has two weeks to appeal. Related -30- Juliana Reyes began as lead reporter at Technical.ly Philly in July 2012. Previously, she was a city services beat reporter for the Philadelphia Daily News, as part of a project called “It’s Our Money.” She is learning to drive, learning to bike (in the city) but is an expert at taking SEPTA. She grew up in North Jersey and Manila, Philippines but she left the tropics for Bryn Mawr College, where she majored in linguistics. She now lives in West Philly.

Chris Saridakis Investments

1 Investments

Chris Saridakis has made 1 investments. Their latest investment was in Medialets as part of their Series B on August 8, 2010.

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Chris Saridakis Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/19/2010

Series B

Medialets

$6M

Yes

1

Date

8/19/2010

Round

Series B

Company

Medialets

Amount

$6M

New?

Yes

Co-Investors

Sources

1

Chris Saridakis Portfolio Exits

1 Portfolio Exit

Chris Saridakis has 1 portfolio exit. Their latest portfolio exit was Medialets on April 15, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/15/2015

Acquired

$99M

1

Date

4/15/2015

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

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