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Home > Company Index > Financial Services > Venture Capital Firms > idealab!
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idealab! |
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PROFILE |
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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 |
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CMGI, Inc. (CMGI)
Internet Capital Group, Inc. (ICGE)
SOFTBANK CORP. (9984)
DEALS |
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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.
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FINANCIAL OVERVIEW |
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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 |
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William Gross
CEO
Bradley Ramberg
CFO
CONTACT INFO |
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130 W. Union St.
Pasadena, CA 91103
US
Phone: 626-585-6900
Fax: 626-535-2701
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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