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GSV Capital is the first publicly traded security giving growth equity investors access to the world's most dynamic, VC-backed private companies.

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NASDAQ: GSVC
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Why We Like

$0 million NAV|0% of GSVC

Founded

1997

Capital Raised

$591 million

Investors

GSV Capital along with Andreessen Horowitz, BlackRock, Fortress, JP Morgan, Khosla Ventures, KPCB, Sequoia and others.

GSV Investment Theme

  • Cloud/Big Data
  • Marketplaces
  • Sustainability
  • Education

Overview

Jawbone is a wearable technology maker and puts strong emphasis on design. Its products are aimed for the modern mobile lifestyle and are unique due to their cool design. The devices are sensor enabled bracelets that track and analyze activity. Star designer Yves Behar is Jawbone’s Chief Creative Officer, putting its products amongst the most demanded in their respective categories. Additionally, the company’s emphasis on data analytics is highly innovative and disruptive.

4Ps
Why We Like It: The Four Ps

Why We Like Jawbone

Jawbone is aiming to disrupt wearable technology by combining hardware with software, with design, with data. Its opportunity is to become a leader for the “Internet of Things” category.

People

Hosain Rahman founded Jawbone in 1999 and has been its CEO since then. Hosain successfully managed to overcome two difficult time periods with the company, one in 2005 when it almost shut down, and recently when Jawbone had to recall its popular UP wristband. Today, he has positioned Jawbone to be a leading wearable technology brand. Hosain graduated from Stanford University.

Product

Currently, Jawbones fitness tracker products include: The UPmove wristband, the UP2, and the UP3. The devices are slick jewelry-like wristbands that tracks daily activity, sleeping and eating habits, and display the analysis on a phone app.

Potential

Wearable technology is an emerging trend that will likely shape our lifestyle in the next 10 years. Research estimates peg wearable technology to be a $34 billion market by 2020. Jawbone’s position among the leaders in this category gives it a strong advantage to capture a significant part of the market.

Megatrends

Internet

Brands

Knowledge

Demographics

Network Effects

Cloud Computing

How Big Can This Be?

Jawbone has the potential to grow to a multi billion dollar business in the next 3-5 years.

Predictability

The UP wristband has had material problems in the past, and competitors like Apple, FitBit and Xiaomi are challenging Jawbone’s position in the field. By focusing on the software-as-a-service component (driven by the large amount of data it collects), Jawbone could increase customer and revenue visibility.

Risks

Competitive headwinds from FitBit, Xiaomi and Apple are among the largest risks. Additionally, Jawbone and FitBit have been in legal disputes over patents.

GSVC percentage figures are based upon the fair value of each holding as of the quarter ended December 31, 2016, or the cost basis of the holding (exclusive of transaction costs) if the investment closed subsequent to December 31, 2016. In either case, these values are divided by the fair value of total portfolio investments of GSV Capital as of December 31, 2016.

GSV stands forGlobal Silicon Valley
Learn more at GSV.com