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VCs Engage In a First Half Spending Spree –

20 years ago

Venture capitalists put a record $12.6 billion to work in the first half of this year, completing more deals with bigger price tags than ever before. About half of the money, almost $6.1 billion, went into Internet companies, mostly content, e-commerce and services enterprises, according to Venture Economics Information Services (VEIS), a sister company to […]

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Interliant Inc. –

20 years ago

CAMBRIDGE, Mass. – Interliant Inc., a provider of hosting and enhanced Internet services that allows users to deploy and manage Web sites and network-based applications more effectively than internally developed solutions, went public July 7. The company sold 7 million shares at $10 per share, within its $9 to $11 filing range. The company’s venture […]

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Net2Phone Inc. –

20 years ago

HACKENSACK, N.J. – Net2Phone Inc., developer of a technology that allows users to make inexpensive telephone calls over the Internet, went public July 29, offering 5.4 million shares. The company’s stock priced at $15, above its $12 to $14 filing range. Hambrecht & Quist, BT Alex. Brown and Wit Capital Corp. underwrote the initial public […]

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Focal Communications –

20 years ago

CHICAGO – Focal Communications Corp., a provider of data and voice communications to large corporate customers, held an initial public offering July 28. The company offered 9.95 million shares at $13 apiece, above its $10 to $12 filing range. Salomon Smith Barney, Donaldson, Lufkin & Jenrette, Morgan Stanley Dean Witter, Credit Suisse First Boston and […]

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InsWeb –

20 years ago

REDWOOD CITY, Calif. – InsWeb Corp., an on-line insurance marketplace operator that allows consumers to shop for automobile, term life, homeowners, renters and individual health insurance, held an initial public offering July 22. The company offered 5 million shares at $17 per share, at the top of its $16 to $17 filing range. Softbank Corp., […]

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Benchmark’s Lawyer Joins Firm as Partner –

20 years ago

MENLO PARK, Calif. – Steve Spurlock, an attorney for Benchmark Capital for the last four years, was hired as a partner in July to help with the firm’s daily operations. Unlike Benchmark’s six other partners, Spurlock will not work on investments in portfolio companies but instead serve as an “operating partner,” managing the firm’s non-investment […]

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Dauphin Gets $30M For Health, IT Fund –

20 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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Accel VII Garners $480M Quickly –

20 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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Digital Island Inc. –

20 years ago

SAN FRANCISCO – Digital Island Inc., a global business network, held an initial public offering June 29, offering 6 million shares at $10 apiece. The company’s stock priced at the low end of its $10 to $12 filing range. Bear, Stearns & Co. Inc., Lehman Brothers and Thomas Weisel Partners L.L.C. underwrote the initial public […]

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E-LOAN Inc. –

20 years ago

DUBLIN, Calif. – E-LOAN Inc., an online mortgage provider, went public June 28, offering 3.5 million shares at $14 apiece. The company’s stock priced at the high end of its $12 to $14 filing range. Goldman, Sachs & Co., Donaldson, Lufkin & Jenrette, Hambrecht & Quist, DLJdirect Inc. and E*Trade Securities Inc. underwrote the initial […]

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Cybersource Corp. –

20 years ago

SAN JOSE, Calif. – Cybersource Corp., a provider of real-time e-commerce transaction services, held an initial public offering June 23. The company offered 4 million shares at $11 apiece, at the high end of its $8 to $11 filing range. Merrill Lynch & Co., J.P. Morgan & Co., PaineWebber Inc. and C.E. Unterberg, Towbin underwrote […]

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GoTo.com Inc. –

20 years ago

PASADENA, Calif. – GoTo.com Inc., an Internet search engine, held an initial public offering June 18. The company offered 6 million shares at $15 apiece, above its $13 to $14 filing range. Donaldson, Lufkin & Jenrette Securities Corp., Thomas Weisel Partners, DLJdirect and Salomon Smith Barney Holdings Inc. underwrote the initial public offering, which left […]

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F5 Networks Inc. –

20 years ago

SEATTLE – F5 Networks Inc., a provider of network server traffic management solutions, held an initial public offering June 4. The company offered 3 million shares at $10 apiece, the low end of its $10 to $12 filing range. Hambrecht & Quist Inc., BancBoston Robertson Stephens and Dain Rauscher Wessels underwrote the IPO, which left […]

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High Speed Access Corp. –

20 years ago

DENVER – High Speed Access Corp., a high-speed broadband Internet access provider, went public June 4. The company offered 13 million shares at $13 apiece, the high end of the company’s $11 to $13 filing range. Lehman Brothers, J.P. Morgan & Co., Banc of America Securities L.L.C. and CIBC World Markets underwrote the initial public […]

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iXL Enterprises Inc. –

20 years ago

ATLANTA – iXL Enterprises Inc., an Internet strategy consulting company, held an initial public offering May 2. The company offered 4.8 million shares at $12 apiece, at the high end of its $10 to $12 filing range. Underwriters included Merrill Lynch & Co., Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens and SG Cowen. The offering […]

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Software.com Inc. –

20 years ago

SANTA BARBARA, Calif. – Software.com Inc., an outsourced Internet messaging software provider, went public June 24, offering 6 million shares at $15 apiece. The company’s stock priced above its $12 to $14 filing range. Credit Suisse First Boston, Merrill Lynch & Co. and BancBoston Robertson Stephens underwrote the initial public offering, which left 40.67 million […]

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ShowCase Corp. –

20 years ago

ROCHESTER, Minn. – ShowCase Corp., a developer of data warehousing software, went public June 30, offering 3 million shares at $9 apiece. The company’s stock priced at the low end of its $9 to $11 filing range. Merrill Lynch & Co., U.S. Bancorp Piper Jaffray, Dain Rauscher Wessels and FAC/Equities underwrote the initial public offering, […]

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