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  September 5, 2001
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Home > Company Index > Financial Services > Venture Capital Firms > idealab!

idealab!
 PROFILE
When entrepreneur Bill Gross wanted to coddle his Internet-related brainchildren, he created idealab! Before the Tech Wreck, the firm provided seed capital, facilities, management, and other support to entrepreneurs willing to invest their time in bringing Gross' ideas to fruition. Affiliated venture capital firm idealab Capital Partners (now Clearstone Venture Partners) often invested in the hatchlings, as well as in software and telecommunications startups unrelated to the incubator. idealab! launched some 50 offspring, including defunct Internet retailers eToys and eve.com. The firm is struggling, like many other incubators, with poor investments that drained it of cash.

 COMPETITION
CMGI, Inc. (CMGI)
Internet Capital Group, Inc. (ICGE)
SOFTBANK CORP. (9984)

 DEALS
Deal: CarsDirect.com Receives Private Equity Investment
Date Announced: 11.15.99
Value of transaction (US $Mil): 280
Description: CarsDirect.com receives latest-round of financing from group of original and new corporate investors 6 months after forming.

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 21.20
1-Yr. Sales Growth: 2,528.3%
Employees: 198
Revenue per employee: $107,070.71

 KEY PEOPLE
• William Gross
    CEO
• Bradley Ramberg
    CFO

 CONTACT INFO
130 W. Union St.
Pasadena, CA 91103
US
Phone: 626-585-6900
Fax: 626-535-2701
Online: Web Site

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