Paul Allen's Wired World Message Board

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Technology Stocks : Paul Allen's Wired World

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To: PatrickMark who wrote (306)	10/24/1999 12:47:00 AM
From: PatrickMark	Read Replies (1) of 361

Re Mercata E-seller Mercata raises $35 million Money will advertise its 'everything' store Tuesday, October 19, 1999 By JOHN COOK SEATTLE POST-INTELLIGENCER REPORTER Mercata Inc., an e-commerce company backed by Microsoft co-founder Paul Allen, has raised $35 million in venture capital to accelerate into new product categories and educate consumers about the company's group buying concept. Investors in Mercata's second round of venture capital include Highland Capital Partners, Global Retail Partners, Europ@web, Amerindo and Watershed Capital. Bellevue-based Vulcan Ventures, Allen's venture capital arm, also participated in the deal. Van Horn would not disclose the total amount of financing in the company, but he noted that this round is larger than the previous investment made by Vulcan Ventures.

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