Related news...Internet Gorilla CMGI is taking stake in legal internet play...no, not this one...yet
FindLaw Raises $10 Million to Fuel Rapid Growth; @Ventures Leads Initial Venture Round For The Web's Leading Legal Portal
Business Wire - September 22, 1999 09:54
MOUNTAIN VIEW and MENLO PARK, Calif.--(BUSINESS WIRE)--Sept. 22,
1999--FindLaw, the leading Web portal focused on law and government, has secured a $10 million round of venture funding led by @Ventures, the affiliated venture capital arm of CMGI, Inc. (Nasdaq:CMGI).
@Ventures will also take a seat on FindLaw's Board of Directors and joins an assembly of investors committed to the growth and development of FindLaw. These investors include Amicus Investments, Angel Investors LP, Arba Seed Investment Group and Glasser LegalWorks. FindLaw (http://www.findlaw.com) makes the breadth and depth of legal information now available on the Internet easy for users to find and use. The site offers instant access to a comprehensive and fast-growing online library of legal resources suited for use by legal
professionals, consumers and small businesses alike. FindLaw also provides users with a broad array of features that include Web search utilities, cases and codes, legal news, and community-oriented tools, such as a secure document management utility, mailing lists, message
boards and free e-mail.
"We are thrilled to be working with @Ventures," said FindLaw CEO and co-founder Tim Stanley. "Their experience in the Internet space and synergistic portfolio will add tremendous value to FindLaw. This funding will allow us to aggressively expand our offerings and accelerate our lead in the Internet legal market."
"We have been thoroughly impressed with not only the robust information resources and easy-to-use features FindLaw offers consumers, businesses and legal professionals, but with the ingenuity, dedication and skillful leadership of co-founders Timothy Stanley and Stacy Stern," said Brad Garlinghouse, General Partner with @Ventures. "We are looking forward to integrating this industry-leading vertical portal - or 'vortal' -- into the @Ventures and CMGI network."
About FindLaw
FindLaw, Inc. (http://www.findlaw.com/), the leading Web portal focused on law and government, is dedicated to making legal information on the Internet freely available and easy to find. The most highly-trafficked legal Web site, FindLaw offers lawyers, consumers, and small businesses a wealth of legal resources and information, including legal search tools, case law (including U.S. Supreme Court decisions back to 1893), legal news, real-time SEC filings, community discussion areas and online continuing legal education. For more information, see findlaw.com
About @Ventures and CMGI
With nearly 50 companies, CMGI, Inc. (Nasdaq:CMGI) represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies and a growing number of synergistic investments through its venture capital affiliate, @Ventures. CMGI leverages the technologies, content, and market reach of its extended family of companies to foster rapid growth and industry leadership across its network, and the larger
Internet Economy. Microsoft, Intel, Sumitomo and Compaq hold minority positions in CMGI.
CMGI's majority-owned subsidiaries include Engage Technologies Nasdaq:ENGA), Activerse, Adsmart, AltaVista, Cha! Technologies, iCAST, Magnitude Network, NaviSite, NaviNet, Planet Direct and ZineZone. The company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq:LCOS), Critical Path (Nasdaq:CPTH), Silknet(Nasdaq:SILK), Chemdex (Nasdaq:CMDX), Advoco.com, Ancestry.com, Asimba.com, AuctionWatch.com, Aureate Media, blaxxun, BizBuyer.com, uyingedge.com, CarParts.com, CraftShop.com; eCircles.com, Furniture.com, HotLinks, Intelligent/Digital, KOZ.com, Mondera.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com,
ONElist, PlanetOutdoors.com, Productopia, Promedix.com, Raging Bull, Softway Systems, Speech Machines, ThingWorld.com, Universal Learning Technology, Vicinity, Virtual Ink and Visto.
Well...the legal thing is starting to happen...we are in a great position for the next wave, and the best part is we are providing a service which is a SUBSTITUTE for the legal eagles and the high fees they charge.
chris |
