Remove CPA Remove Option Pool Remove Syndication
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Distribution revenue is CPC and CPA. . Precise valuations are impossible to determine because of adjustments to employee option pools, possible buybacks of common stock, etc. Ad revenue is still mostly performance based CPC, though some sold on CPM basis. as of 12/31/09). But these should be directionally correct.