Another Pre-IPO WindfallJustin 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?
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- A L'Oreal Heiress Is Now the World's Richest Woman
- Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
- How Electric Cars Can Create the Biggest Disruption Since the iPhone
- Uber Losing Battle in London After Regulator Revokes License
- A Storm's Never Destroyed a Grid Like Maria Ruined Puerto Rico's