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Angel Investor (Individual)
petersterndesign.com

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Investments

3

Portfolio Exits

1

About Peter Stern

Peter Stern is an entrepreneur and angel investor. He is the CEO of Bit.ly and was previously president and co-founder of Zenbe and creator or Datek Online, a online financial services company.

Peter Stern Headquarters Location

New York, New York,

United States

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Latest Peter Stern News

Apple SVP Of Services Eddy Cue Restructuring Team To Focus More On Streaming And Ads, Says Report

May 10, 2022

Apple SVP Eddy Cue is reportedly restructuring the services management operations at the company. These are the details. Apple Inc (NASDAQ: AAPL) senior vice president of services Eddy Cue is reportedly restructuring the services management operations at the company in order to focus more on streaming and advertising, according to a report from Business Insider . Cue believes that streaming and advertising are potential areas where there are opportunities for the company to see significant revenue growth. These are some of the changes that were made. – Peter Stern – Apple’s VP of Services will no longer handle advertising. This will enable Stern to focus more on news, video, books, iCloud, Fitness+, And Apple One. – Todd Teresi – Advertising VP at Apple – will handle more responsibilities. And Teresi started reporting directly to Cue at the beginning of the year. Recently, Apple attained the rights for Friday Night Baseball after a deal was signed with Major League Baseball. Apple is aiming to sign more sports deals and there are rumors that Apple is pushing to secure the NFL Sunday Ticket package. Plus Business Insider noted that Apple wants to gain the rights for NBA games. For the second quarter of 2022, the services division at Apple generated $19.8 billion in revenue compared to $17 billion in the same quarter a year earlier. Plus there are rumors that Apple will be launching a hardware subscription service and Apple Pay is reportedly going to gain a “buy now, pay later” feature. Plus there are reports that Apple considered adding an Instacart-like feature that would also integrate with nutrition data within the Health app. Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

Peter Stern Investments

3 Investments

Peter Stern has made 3 investments. Their latest investment was in Uizard Technologies as part of their Pre-Seed on May 5, 2018.

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Peter Stern Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/22/2018

Pre-Seed

Uizard Technologies

$0.8M

Yes

1

4/21/2009

Series B

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$99M

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0

5/12/2008

Series A

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$99M

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0

Date

5/22/2018

4/21/2009

5/12/2008

Round

Pre-Seed

Series B

Series A

Company

Uizard Technologies

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Amount

$0.8M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

0

0

Peter Stern Portfolio Exits

1 Portfolio Exit

Peter Stern has 1 portfolio exit. Their latest portfolio exit was Knewton on May 06, 2019.

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

5/6/2019

Asset Sale

$99M

2

Date

5/6/2019

Exit

Asset Sale

Companies

Valuation

$99M

Acquirer

Sources

2

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