Inside Job

Justin Hibbard

Telecom equipment maker Caspian Networks said today that is has raised $55 million in follow-on financing from its existing VC investors: Oak Investment Partners, U.S. Venture Partners, Morgenthaler Ventures, New Enterprise Associates, Alloy Ventures and ABN-AMRO. Back in the bubble days, a so-called inside round--in which no new investors put money into a company--was often a mark of shame, indicating no investors were interested, and the company's valuation didn't increase. Like so much else since then, attitudes about inside rounds have changed.

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