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Benchmark Woos Gurley from Hummer Winblad –

19 years ago

MENLO PARK, Calif. – Just 19 months after his arrival at San Francisco venture firm Hummer Winblad, prominent columnist and Internet guru Bill Gurley has defected to Bay Area rival Benchmark Capital. Lateral moves such as Mr. Gurley’s are highly uncommon in the close-knit VC community. Benchmark, however, has been red-hot of late – reaping […]

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ONSET Promotes Bottorff to Investor –

19 years ago

MENLO PARK, Calif. – As a sign of its ongoing commitment to medical deals, ONSET Ventures in mid-March hired its executive-in-residence Leslie Bottorff as a venture investor. Ms. Bottorff, who was vice president of sales and marketing at the medical device company Medtronic Inc., is the firm’s only professional devoted to medical investments. ONSET backs […]

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Western Pa. Fund Closer to Launch –

19 years ago

PITTSBURGH – After nearly a year of speculation, the long-rumored venture fund aimed at capitalizing on Western Pennsylvania’s seed-stage technology companies might be approaching a launch. Sources estimated the proposed vehicle will target $50 million for seed-stage deals, particularly those spun out of Carnegie Mellon University and the University of Pittsburgh. The two universities and […]

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Alloy Online Inc. –

19 years ago

NEW YORK – Alloy Online Inc., an Internet service provider for teens and young adults, filed to go public March 10. An offering size and filing range have not yet been established. The underwriters for the deal include BancBoston Robertson Stephens, Volpe Brown Whelan & Co., Dain Rausher Wessels and Ladenburg Thalmann & Co. There […]

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Autobytel.com –

19 years ago

IRVINE, Calif. – Autobytel.com, an Internet service for the purchase of new and used vehicles, went public March 26. The company offered 4.5 million shares at $23 a share, well above the $20 to $22 filing range. The $103.5 million IPO left 17.8 million shares outstanding, and proceed will be used for general corporate purposes. […]

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TSG Capital Group –

19 years ago

STAMFORD, Conn. – Can venture capitalists invest predominately in companies that are geared toward minority markets? TSG Capital Group, L.L.C., a private equity firm specializing in ethnic market investments, thinks so. The $515 million TSG Capital Fund III closed in January 1999, and one-third of the vehicle is invested. TSG’s first $20 million fund, TSG […]

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Zero Stage Capital –

19 years ago

CAMBRIDGE, Mass. – Zero Stage Capital invests in early- and late-stage health-care, bio-technical and telecommunications companies in the Northeastern United States. Founded in 1981, Zero Stage has about $225 million under management spread across six funds and has invested in more than 90 companies. Zero Stage Capital VI held a $125 million close in October […]

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autoweb.com –

19 years ago

SANTA CLARA, Calif. -Autoweb.com, an automotive Internet service, went public March 22, offering 5 million shares of stock. The stock priced at $14, well above the company’s $10 to $12 filing range. The offering, underwritten by Credit Suisse First Boston, Hambrecht & Quist, BancBoston Robertson Stephens Inc. and U.S. Bancorp Piper Jaffray Inc., left 23 […]

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Cheap Tickets Inc. –

19 years ago

HONOLULU – Cheap Tickets Inc., a retailer of discount airline tickets, went public March 19, offering 3.5 million shares at $15 apiece. The stocks priced within the company’s $14 to $15 filing range. Proceeds from the offering are estimated at $52 million and will be used for general corporate purposes. The initial public offering, which […]

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Critical Path Inc. –

19 years ago

SAN FRANCISCO – Critical Path Inc., a provider of e-mail hosting services, went public March 29. The stock priced at $24, well above the $20 to $22 filing range. The company offered 4.5 million shares. Underwriters for the initial public offering, which left 34 million shares outstanding, include BancBoston Robertson Stephens Inc., Hambrecht & Quist, […]

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FlashNet Communications Inc. –

19 years ago

FORT WORTH, Texas – FlashNet Communications Inc., an Internet service provider, went public March 16, offering 3.1 million shares at $17 a piece. Stocks priced well above the company’s $14 to $15 filing range. The offering, underwritten by BancBoston Robertson Stephens, J.C. Bradford & Co. and EVEREN Securities Inc., left 13 million shares outstanding. Venture […]

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miningco.com –

19 years ago

NEW YORK – Miningco.com Inc., a provider of Internet information services, went public March 24, selling 3 million shares. The stock priced at $25 per share, at the top of the company’s $23 to $25 filing range. The initial public offering was underwritten by Bear, Stearns & Co. Inc., Volpe Brown Whelan & Co., and […]

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Multex.com Inc. –

19 years ago

NEW YORK – Multex.com Inc., a provider of online investment services, went public March 17, offering 3 million shares of common stock. The stock priced at $14, above the company’s $11 to $13 filing range. BancBoston Robertson Stephens Inc., CIBC Oppenheimer and Dain Rauscher Wessels were lead underwriters, leaving 21 million shares outstanding. There were […]

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Neon Systems –

19 years ago

SUGAR LAND, Texas – Neon Systems Inc., a producer of software that integrates data, transactions and applications from a variety of computer systems, went public March 5, offering 2.7 million shares at $15 apiece, according the company’s Securities and Exchange Commission filing price. The IPO, which left 8 million shares outstanding, was underwritten by Donaldson, […]

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RoweCom Inc. –

19 years ago

CAMBRIDGE, Mass. – RoweCom Inc., a software developer that facilitates the online purchase and subscription of various print publications, held an initial public offering March 8, offering 3.1 million shares at $16 each. The stock priced at the high end of the company’s $14 to $16 price range. The IPO, underwritten by J.P. Morgan & […]

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Financing in Purgatory An emerging class of investors is beginning to fill the nether regions of start-up financing – the murky –

By Larry Aragon — 19 years ago

When Hans Severiens, a retired venture capitalist and angel investor, established San Francisco’s Band of Angels in late 1994, he believed he was embarking on a part-time project. He soon realized, however, that running an investment club like the Band, now regarded as the industry’s premier angel network, was an expensive, full-time endeavor – which […]

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Viventures Raises Multi-national Fund –

19 years ago

PARIS – Newly-created Viventures Partners held a second close in late March on its first multinational $100 million-targeted vehicle, Viventures. Launched in September, the fund held a first close in November on FFr 515 million ($85 million) and is capped at $115 million. Some $14 million already is invested, and a final close is expected […]

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Landmark Purchases Pioneer Group’s VC Holdings –

19 years ago

BOSTON – The Pioneer Group Inc.’s venture arm in mid-March spun out and formed its own firm, Ascent Venture Management Inc., and at the same time Pioneer sold its interests in three of its venture subsidiary’s funds to Landmark Partners Inc. Ascent will continue to manage the three funds raised under Pioneer’s umbrella – Pioneer […]

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