InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 92.27

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Jan 2 9:30 AM EST

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To: Carolyn who wrote (9775)	7/20/1999 11:28:00 AM
From: Lizzie Tudor	Read Replies (1) of 28311

$70 million venture capital fund in collaboration with a group of partners, including Microsoft cofounder Paul Allen's Vulcan Ventures. The fund hopes to leverage traffic to Lycos's network to kick-start early stage Internet companies through technology, content, and commerce agreements. Lycos will pump $10 million into the fund with the remaining $60 million coming from other partners, including Bear Stearns, Mellon Ventures, Mirae, Sumitomo, and others. I'm trying to find more information on this but based on what I see here it looks like just another investment vehicle for Allen. 70mm is sure not much and how much did he put in anyway, being as he is only one of Bear, Mellon etc.? Gnet spent 90mm on one acquisition after all.

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