Criterion Capital Partners

Criterion Capital Partners LLC.
Type	Private
Industry	Internet
Founded	2002
Headquarters	San Francisco, California, U.S.
Area served	United States; Canada; United Kingdom
Key people	Christopher Lord; (co-founder); David Riley; (co-founder); Tomoko Fortune; Louis Chang; Matt Perona ; (director of finance); Jeffrey Pisani; (director of operations); Sara Parr ; (director of investor relations); Adam Levin (Bebo); (CEO) [1]
Net income	N/A
Number of employees	3 (2010)
Website	criterioncp.com

Criterion Capital Partners LLC, also known as simply Criterion, is a private equity fund based in Los Angeles. It is best known for being the owner of Bebo, from 2010-2013.

History

Christopher Lord co-founded the company in 2002.[2][3]

Bebo

Criterion acquired social networking service Bebo in 2010. Bebo was previously owned by AOL, who originally purchased the service for $850 million in 2008.[4] The acquisition had failed as Bebo's business was declining. AOL sold the company for less than $10 million to Criterion.[5][6] Following the acquisition, Bebo's business did not improve. In April 2012, the minority shareholders filed a $5 million suit against Criterion for “destroying the site". Then in May, TechCrunch reported that Bebo filed for voluntary Chapter 11 bankruptcy.[7][8]

References

"Criterion Capital Management, LLC: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-02-13.
Cheng, Evelyn (2017-10-04). "Criterion Capital founder likes Mercado Libre but is short iRobot". CNBC. Retrieved 2018-04-12.
"Christopher Hawkins Lord: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-04-12.
"The incredible life of Mike Birch, the Brit who sold Bebo for $850 million before buying it back for $1 million". Business Insider. Retrieved 2018-02-13.
Wauters, Robin. "Confirmed: Criterion Capital Partners Acquires Bebo From AOL". TechCrunch. Retrieved 2018-02-13.
Helft, Miguel (2010-06-17). "AOL Sells Bebo Site to Criterion Capital Partners". The New York Times. ISSN 0362-4331. Retrieved 2018-02-13.
Grant, Rebecca. "Bebo bargain: After selling to AOL for $850M in 2008, founders buy it back for ... $1M | VentureBeat". venturebeat.com. Retrieved 2018-02-13.
Lunden, Ingrid (May 10, 2013). "Social Network Bebo Has Filed A Voluntary Chapter 11 Bankruptcy Petition". TechCrunch. Retrieved 2018-02-13.

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[1] "Criterion Capital Management, LLC: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-02-13.

[2] Cheng, Evelyn (2017-10-04). "Criterion Capital founder likes Mercado Libre but is short iRobot". CNBC. Retrieved 2018-04-12.

[3] "Christopher Hawkins Lord: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-04-12.

[4] "The incredible life of Mike Birch, the Brit who sold Bebo for $850 million before buying it back for $1 million". Business Insider. Retrieved 2018-02-13.

[5] Wauters, Robin. "Confirmed: Criterion Capital Partners Acquires Bebo From AOL". TechCrunch. Retrieved 2018-02-13.

[6] Helft, Miguel (2010-06-17). "AOL Sells Bebo Site to Criterion Capital Partners". The New York Times. ISSN 0362-4331. Retrieved 2018-02-13.

[7] Grant, Rebecca. "Bebo bargain: After selling to AOL for $850M in 2008, founders buy it back for ... $1M | VentureBeat". venturebeat.com. Retrieved 2018-02-13.

[8] Lunden, Ingrid (May 10, 2013). "Social Network Bebo Has Filed A Voluntary Chapter 11 Bankruptcy Petition". TechCrunch. Retrieved 2018-02-13.