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21st Century Nears Wrap on Fund II –

19 years ago

SAN FRANCISCO – With the majority of previous investors returning, 21st Century Internet Venture Partners expected an early September wrap on its second fund, 21st Century VP II, which is projected to exceed its $90 million target. All existing pension funds and endowments except for Telecom Italia returned for the second vehicle, and they were […]

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Brand Equity Preps To Raise $200M –

19 years ago

GREENWICH, Conn. – Brand Equity Ventures at press time was preparing the launch of its sophomore fund, Brand Equity Ventures II, which will target $200 million. Like its predecessor, BEV II will back branded consumer companies including restaurants and retail shops, as well as business-to-business plays targeting small businesses and home offices, said Managing General […]

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idealab! Closes $363 Million Second Fund –

19 years ago

PASADENA, Calif – Continuing its race through the venture capital market, idealab Capital Partners (ICP) recently closed its second fund at $363 million, a scant 18 months after the firm held a first close on Fund I. “We raised this money in a really short amount of time,” said Bill Elkus, co-founder and managing director […]

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VC Firm Hooks Up With Merchant Bank –

19 years ago

LOS ANGELES – Building on his strategic relationship with Palomar Ventures, James Montgomery of consulting firm Montgomery & Associates has formed Digital Coast Partners, a merchant bank in Southern California. Digital Coast will provide the venture firm with expert advice, research and investment opportunities, in exchange for a small portion of Palomar’s standard 20% carry […]

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Netro Corp. –

19 years ago

SAN JOSE, Calif. – Netro Corp., a provider of wireless networking equipment, went public August 19, offering 5 million shares at $8 apiece. The company’s stock priced in the middle of its $7 to $9 filing range. Underwritten by Merrill Lynch & Co., BancBoston Robertson Stephens and Dain Rauscher Wessels, the initial public offering left […]

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MA Deals Gain Cachet: Buyers are paying lofty sums for VC-backed companies, making the sale of portfolio companies a more attra –

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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Portfolio Profiles Atlas Venture –

19 years ago

BOSTON – Atlas Venture invests in early- to late-stage information technology and life sciences companies in the United States and abroad. The firm tends to select companies that are a short distance from its offices in Boston, Menlo Park, Calif., London, Paris, Munich and Amsterdam. Founded in 1980, the firm has raised four funds, the […]

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Barry Leaves Law for Hummer Winblad –

19 years ago

SAN FRANCISCO – Attorney Hank Barry made the transition to venture capitalist this summer when he joined Hummer Winblad Venture Partners from the law firm Wilson Sonsini Goodrich & Rosati. As a partner at Wilson Sonsini, Barry served as counsel to several Hummer Winblad portfolio companies, including networking company Net Dynamics and digital music Internet […]

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MyPoints.com Inc –

19 years ago

SAN FRANCISCO – MyPoints.com Inc., a provider of on-line direct marketing and loyalty programs, went public August 20, offering 5 million shares at $8 apiece. The company’s stock priced exactly at its filing price. Underwritten by BancBoston Robertson Stephens, Bear, Stearns & Co. Inc., Salomon Smith Barney and Wit Capital Corp., the initial public offering […]

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Mortgage.com Inc. –

19 years ago

PLANTATION, Fla.-Mortgage.com Inc., a provider of on-line mortgage services, went public August 11, offering 7,062,500 shares at $8 apiece. The company’s stock priced exactly at its filing price. Credit Suisse First Boston, Deutsche Banc Alex. Brown and U.S. Bancorp Piper Jaffray underwrote the initial public offering, which left 42 million shares outstanding. There were no […]

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Look Smart Ltd. –

19 years ago

SAN FRANCISCO – Look Smart Ltd., a category-based Internet directory provider, went public August 20, offering 7.7 million shares at $12 apiece. The company’s stock priced in the middle of its $11 to $13 filing range. Underwritten by Goldman, Sachs & Co., BancBoston Robertson Stephens and Hambrecht & Quist, the initial public offering left 84.1 […]

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Cobalt Group Inc. –

19 years ago

SEATTLE – The Cobalt Group Inc., a provider of Internet marketing and data aggregation services to the automobile industry, went public August 5, offering 4.5 million shares at $11 apiece. The company’s stock priced below its $13 to $15 filing range. Underwritten by BancBoston Robertson Stephens, Bear, Stearns & Co. Inc, SG Cowen and Wit […]

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IPOs IN REGISTRATION – Be Free Inc. –

19 years ago

MARLBOROUGH, Mass. – Be Free Inc., a provider of on-line performance marketing services, filed to go public August 5. The company placed the offering at $59.8 million, but the number of shares it will offer and the offering price per share have not been posted as yet. Donaldson, Lufkin & Jenrette Securities Corp., Hambrecht & […]

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homestore.com Inc. –

19 years ago

THOUSAND OAKS, Calif. – Homestore.com Inc., an on-line provider of real estate information, went public August 5, offering 7 million shares at $20 apiece. The company’s stock priced at the high end of the $18 to $20 filing range. Underwritten by Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette, Merrill Lynch & Co. and BancBoston […]

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1-800-FLOWERS.COM Inc. –

19 years ago

WESTBURY, N.Y. – 1-800-FLOWERS.COM Inc., an e-commerce provider of floral products and gifts, went public August 3, offering 6 million shares at $21 apiece. The company’s stock priced well above its $16 to $18 filing range. Underwritten by Goldman Sachs & Co., Credit Suisse First Boston and Wit Capital Corp., the initial public offering left […]

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Active Software Inc. –

19 years ago

SANTA CLARA, Calif. – Active Software Inc., a supplier of software used to exchange information between incompatible applications, went public August 13, offering 3.5 million shares at $11 apiece. The company’s stock priced in the middle of its $10 to $12 filing range. Underwritten by Goldman, Sachs & Co., Lehman Brothers and Dain Rauscher Wessels, […]

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Accel VII Garners $480M Quickly –

19 years ago

PALO ALTO, Calif. – Accel Partners in early August closed Accel VII on $480 million, with commitments from several new endowments and all of the firm’s previous backers, said Managing Partner Jim Breyer. The fund was launched in June, seeking $350 million from financial investors and $150 million from entrepreneurs and strategic corporate backers (VCJ, […]

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Dauphin Gets $30M For Health, IT Fund –

19 years ago

LOCUST VALLEY, N.Y. – Amid an ongoing convergence of the Internet and health-care services, Dauphin Capital Partners recently wrapped a 13-month fund raising effort for its first fund at $30 million. “A year ago, I would have expected [the fund] to focus on the traditional medical service industry,” said James Hoover, founder of Dauphin Capital. […]

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