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ftd.com Inc. –

18 years ago

DOWNERS GROVE, Ill. – Ftd.com Inc., an Internet and telephone marketer of flowers and specialty gifts, went public September 29, offering 4.5 million shares at $8 apiece. The company’s stock priced below its $10 to $12 filing range. Underwritten by Bear, Stearns & Co. Inc., Thomas Weisel Partners, Volpe Brown Whelan & Co. and E*OFFERING, […]

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eGain Communications Corp. –

18 years ago

SUNNYVALE, Calif. – EGain Communications Corp., a provider of customer service infrastructure for e-commerce companies, went public September 23, offering 5 million shares at $12 apiece. The company’s stock priced above its $9 to $11 filing range. Underwritten by BancBoston Robertson Stephens, Donaldson, Lufkin & Jenrette and Volpe Brown Whelan & Co., the initial public […]

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Internet Incubator Raises $130M Fund –

19 years ago

SANTA MONICA, Calif. – Just three months after commencing operations – two of which were spent on the fund raising trail – e-business incubator eCompanies in late August wrapped its $130 million first venture fund, another clear indication of institutional investors’ deep fascination with cyberspace. Founded in May by entrepreneurs Jake Winebaum and Sky Dayton, […]

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Angel Fund Targets Early-Stage Void –

19 years ago

VIENNA, Va. – Two Washington, D.C.-area entrepreneurs in August held an initial close on their second hybrid angel club/venture fund, aiming to take advantage of early-stage deal flow neglected by a VC industry that is awash in capital and increasingly focused on later-stage investments. By creating the eMedia Club and its more generalist older sibling, […]

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Omega Changes Name, Launches Fund –

19 years ago

SAN FRANCISCO – Omega Ventures, which spun out of Robertson Stephens in the spring, changed its name to Crosslink Capital and held an $80 million first close in early September on its first new fund (VCJ, March, page 5). Crossover III, which is targeting $200 million, is expected to hold a second and final close […]

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Brentwood, IVP, Crosspoint VCs Regroup To Create Industry-Focused Firms –

19 years ago

MENLO PARK, Calif. – The owners of electronic organizers all across Silicon Valley will have to make several adjustments to their address books as Brentwood Venture Capital and Institutional Venture Partners (IVP) divide their enterprises and regroup into separate health-care and information technology firms. Two health-care specialists from Crosspoint Venture Partners also will take part […]

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MA Deals Gain Cachet –

19 years ago

&When the founders of venture-backed home networking company Epigram Inc. first met with their eventual acquirer, high-speed broadband communications provider Broadcom Corp. late last year, Epigram was by no means soliciting a sale. Rather, the two companies approached each other rather guardedly. Viewing each other as potential competitors in an emerging industry, Epigram and Broadcom […]

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FASB After Pooling, Leaves IPRD Alone –

19 years ago

NORWALK, Conn. – The Financial Accounting Standards Board (FASB) made several decisions this summer, two that will please venture capitalists and one that will not (VCJ, June, page 5). The FASB in early September issued a draft proposal to do away with pooling, a method of accounting often used during mergers and acquisitions, leaving purchase […]

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Ex-Principal Sues Sovereign Financial –

19 years ago

DENVER – Gail Marmorstein Sweeney is suing her former employer, private equity adviser and funds-of-funds manager Sovereign Financial Services Inc., along with its parent company and two remaining managing principals, claiming she was wrongly dismissed. In a complaint filed with the Denver District Court, Sweeney’s suit alleges she was inappropriately terminated in April and the […]

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Motorola Steps Up VC Investment Pace –

19 years ago

SCHAUMBURG, Ill.- Rud Istvan has a new title and $50 million burning a hole in his pocket. Christened the “general manger for future businesses” at Motorola Inc. late last summer, Istvan’s job is to invest in young companies that will provide good returns, plus some strategic benefit to the suburban Chicago telecommunications company. Istvan, who […]

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Austin Ventures VII Seeks Hefty $750M –

19 years ago

AUSTIN, Texas – Crediting an abundance of deal flow in the Southwestern United States, Austin Ventures has almost fully invested its $320 million sixth fund and is on the fund-raising trail with another vehicle targeting twice that size. Austin Ventures VII is targeting a $750 million first and final close in late October, said General […]

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Oak IX Expects $1 Billion Wrap –

19 years ago

WESTPORT, Conn. – Oak Investment Partners raised more than $1 billion in 10 working days for its latest fund, Oak Investment Partners IX, after a more than $500 million first close in the second week of September. The firm expected a final close at the end of the month. While Oak did not want to […]

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Deutsche Introduces Fund to Invest in U.S. –

19 years ago

NEW YORK – Deutsche Telekom AG, a European provider of communications services, is about to launch the $100 million T-Venture of America fund, which will invest in early-stage communications and information technology companies in the United States. Although Deutsche Telekom has invested in American companies through its Germany-based vehicle, T-Venture of America will be the […]

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Voice, Datacom Snag Intel’s Attention –

19 years ago

SANTA CLARA, Calif. – To complement the launch of Intel Corp.’s new network platform, the company in early September created a $200 million venture fund dedicated to investing in voice and data communications deals. The newly formed Intel Communications Fund will invest in companies developing software based on Intel’s new Internet Exchange (IX) Architecture, which […]

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ITV Founders Split, Form New VC Firms –

19 years ago

MENLO PARK/PALO ALTO, Calif. – Two of the three founders of Sand Hill’s Road’s Information Technology Ventures have relocated to Palo Alto to open a new firm, Infinity Capital, taking with them the firm’s principals and office staff. Meanwhile, the third founder was preparing a new venture fund of his own. ITV founders Sam Lee […]

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Brentwood, IVP, Crosspoint VCs RegroupTo Create Industry-Focused Firms –

19 years ago

MENLO PARK, Calif. – The owners of electronic organizers all across Silicon Valley will have to make several adjustments to their address books as Brentwood Venture Capital and Institutional Venture Partners (IVP) divide their enterprises and regroup into separate health-care and information technology firms. Two health-care specialists from Crosspoint Venture Partners also will take part […]

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Wink Communications –

19 years ago

ALAMEDA, Calif. – Wink Communications Inc., a provider of an end-to-end system for low-cost electronic commerce on television, went public August 19, offering 4.75 million shares at $16 apiece. The company’s stock priced at the high end of its $14 to $16 filing range. Underwritten by Donaldson, Lufkin & Jenrette, Deutsche Banc Alex. Brown and […]

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Lionbridge Technologies Inc. –

19 years ago

WALTHAM, Mass. – Lionbridge Technologies Inc., a worldwide provider of globalization services to technology companies, went public August 20, offering 3.5 million shares at $10 apiece. The company’s stock priced below its $12 to $14 filing range. Underwritten by Prudential Securities, U.S. Bancorp Piper Jaffray and Adams, Harkness & Hill Inc., the initial public offering […]

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