Featured Content

Cigar Vendor Launches VC Fund –

19 years ago

BOCA RATON, Fla. – From e-commerce start-ups to launching a venture fund – there will certainly be no dearth of celebratory stogies lying around when one of International Internet Inc.’s portfolio companies hits it big. International Internet, a developer and operator of e-commerce and offline, direct marketing companies such as Webhumidor.com Inc., GoldOnline.com Inc., StogiesOnline.com […]

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TheStreet.com Inc. –

19 years ago

NEW YORK – TheStreet.com Inc, a provider of online financial news, went public May 10, offering 5.5 million shares of common stock. The stock priced at $19 apiece, at the top of the company’s $17 to $19 filing range. Underwriters included Goldman, Sachs & Co., Hambrecht & Quist and Thomas Weisel Partners L.L.C. There were […]

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Returns Slump, Commitments Soar –

19 years ago

The venture industry took a breather last year as VC partnerships posted a 17.2% return to investors, compared with the 30% to 40% annual returns enjoyed since 1994, according to the Venture Economics Private Equity Performance database, which tracks 1,050 private equity partnerships. The results will be published in the the 1999 Investment Benchmarks Report. […]

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NextCard Inc. –

19 years ago

SAN FRANCISCO – NextCard Inc., a company that markets an online credit card, held an initial public offering May 14. The company offered 6 million shares of common stock at $20 apiece, above the $17 to $19 filing range. Brentwood Venture Capital, Moore Capital Management, Kleiner Perkins Caufield & Byers, Forest Binkley & Brown, Trinity […]

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NorthPoint Communications –

19 years ago

SAN FRANCISCO – NorthPoint Communications Group Inc., an online network service provider, went public May 5. The company offered 15 million shares of common stock at $24, well above its $16.50 to $19.50 filing range. Accel Partners, Benchmark Capital, The Carlyle Group, Greylock L.P., Charles Ross Partners Investment Fund and Vulcan Ventures Inc. were venture […]

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Pro Athletes Form Fund-of-Funds –

19 years ago

REDWOOD CITY, Calif. – Professional athletes are not your typical venture capital investors, but former professional football players Ronnie Lott and Harris Barton are trying to change that. The pair recently launched Champion Ventures I, a fund-of-funds with a $30 million target, which could reach a first and possibly final close by the end of […]

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Newgen Results Corp. –

19 years ago

SAN DIEGO, Calif. – Newgen Results Corp., a management and marketing service for car dealerships’ repair departments, held an initial public offering May 21. The company offered 2.7 million shares of common stock at $13 apiece, in the middle of the $12 to $14 filing range. Hambrecht & Quist, BancBoston Robertson Stephens and Dain Rauscher […]

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Private Business Inc. –

19 years ago

BRENTWOOD, Tenn. – Private Business Inc., a company that develops and markets software solutions to community banks, went public May 26. The company offered 4.35 million shares of stock at $8 apiece. Underwriters included BT Alex. Brown, BancBoston Robertson Stephens and Lehman Brothers. The offering left 26.4 million shares outstanding. Summit Partners L.L.C., TA Associates […]

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Portal Software Inc. –

19 years ago

CUPERTINO, Calif. – Portal Software Inc., a developer of customer management and billing software for providers of Internet-based services, went public May 5. The company offered 4 million shares at the offering price of $14 per share. Accel Partners is a venture backer. Goldman, Sachs & Co., Credit Suisse First Boston, BancBoston Robertson Stephens and […]

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Radio One Inc. –

19 years ago

LANHAM, Md. – Radio One Inc., which owns and operates radio stations throughout the eastern United States, held an initial public offering May 5. The company offered 6.5 million shares at $24 apiece, at the top of its $22 to $24 filing range. Underwriters included Credit Suisse First Boston, Bear, Stearns & Co. Inc., BT […]

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SalesLogix Corp. –

19 years ago

SCOTTSDALE, Ariz. – SalesLogix Corp., a company that markets sales management software for businesses, held an initial public offering May 27. The company offered 3.3 million shares at $9 apiece, at the bottom of its $9 to $11 filing range. Underwriters included Hambrecht & Quist, BancBoston Robertson Stephens, U.S. Bancorp Piper Jaffray and Charles Schwab […]

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Redback Networks Inc. –

19 years ago

SUNNYVALE, Calif. – Redback Networks Inc., a company that develops and markets software, hardware and support services for Internet providers, went public May 17. The company offered 2.5 million shares of common stock at $23 apiece, above the $18 to $20 filing range. Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Dain Rauscher Wessels underwrote […]

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Scient Corp. –

19 years ago

SAN FRANCISCO – Scient Corp., a provider of online customer service products, held an initial public offering May 13. The company offered 3 million shares of common stock, which priced at $20, above the company’s $17 to $19 filing range. Underwriters included Morgan Stanley Dean Witter, Hambrecht & Quist and Thomas Weisel Partners L.L.C. There […]

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StarMedia Networks Inc. –

19 years ago

NEW YORK – StarMedia Networks Inc., a leading Internet provider in Latin America, went public May 25. The company offered 7 million shares at $15 apiece, at the top of its $13 to $15 filing range. Chase Capital Partners, Flatiron Fund, and Warburg, Pincus Equity Partners were venture backers. There are no selling shareholders. Underwriters […]

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Silknet Software Inc. –

19 years ago

MANCHESTER, N.H. – Silknet Software Inc., a provider of online marketing, sales, e-commerce and customer services, went public May 5. The company offered 3 million shares of common stock at $15, well above its $10 to $12 filing range. Venture backers include CMG @ Ventures, Zero Stage Capital, BancBoston Ventures Inc., Vertex Management, Intel Corp., […]

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Morgan Stanley Dean Witter Ventures –

19 years ago

NEW YORK – Morgan Stanley Dean Witter Venture Partners, a division of Morgan Stanley Dean Witter & Co., invests in growth-stage information technology and health-care companies throughout the country. Since inception in 1985, the firm has raised some $550 million spread across four funds, with investments in more than 90 companies. Morgan Stanley Dean Witter […]

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IPO’s In Regristration – Women.com Networks Inc. –

19 years ago

SAN MATEO, Calif. – Women.com Networks Inc., an Internet network dedicated to women, filed to go public May 13. The company has not yet announced how many shares it plans to offer or a suggested stock price. Morgan Stanley Dean Witter, BT Alex. Brown and Salomon Smith Barney are underwriting the initial public offering. MediaOne […]

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Lehman Brothers Closes Venture Fund –

19 years ago

NEW YORK – Six weeks after launching its first venture capital fund, Lehman Brothers in April closed Lehman Brothers Venture Partners L.P. on $350 million. The firm committed $145 million to the fund, while its employees invested an additional $75 million. The balance of the fund’s capital primarily came from high-net-worth clients of the firm, […]

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