Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Another Pre-IPO Windfall


? Report: Shutterfly Going Public |

Main

| King Consumer ?

February 07, 2005

Another Pre-IPO Windfall

Justin Hibbard

Last week, we told you how the founders of FastClick recently cashed out of their late-stage Internet ad startup to the tune of $32 million before the company went public or was acquired. This morning, the wires are buzzing with news of a similar deal. Webroot, a Boulder, Colo.-based maker of anti-spyware software, has raised $108 million from VC firms Technology Crossover Partners, Accel Partners, and Mayfield. Like FastClick, Webroot is a late-stage private venture (founded in 1997) that had never raised a large round of VC before. And like Fastclick's founders, Webroot's founders have sold much of their stake to the VCs who put up the $108 million, according to several news reports. I haven't yet heard how much they sold, but I would wager we'll all know soon -- can an S-1 be far off?

01:34 PM

TrackBack URL for this entry:

http://blogs.businessweek.com/mt/mt-tb.cgi/


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus