Gorilla Game Investing in the eWorld Message Board

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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: Teflon who wrote (1349)	2/29/2000 10:18:00 PM
From: stockman_scott	Read Replies (1) of 1817

Teflon: IMO, you are exactly right about CMGI's new $1 Billion "At Ventures" Fund. CMGI also has some existing investments that many would consider to be infrastructure or B2B investments. I also feel that CMGI's ability to execute and get their firms to work together in a productive ecosystem is quite compelling. I continue to hold a lot of my CMGI shares even though the valuation is approaching $30B. I feel that the future is very bright for this internet incubator. They also have a number of catalysts to boost the price. CMGI's purchase of almost 5% of divine interVentures was a VERY smart move, IMO. divine is founded by Flip Filipowski -- the man who built Platinum Technology into a billion dollar firm. He has a vision of turning his new B2B incubator into a leader that will create 'a silicon valley in the heartlands.' Flip has attracted the attention of some heavy hitters....DELL invested $100M and divine opened up an Austin office (that will be run by some former DELL execs). MSFT invested $25M and divine announced plans to open an office in the Seattle area. CS First Boston is a major investor and the primary underwriter. There are also many strategic investments that divine has made in the greater Chicago area so far. divine interVentures will hit the public markets in the next 6 weeks. This is a firm to watch and CMGI will be partnering with them and CMGI will own almost 5% of the equity too. There are a lot of new venture incubators emerging in the internet space. They all seem to be trying to compete with the traditional venture capitalists. I feel quite confident that CMGI's talent, track record, and early mover advantage will allow it to keep 'a Gorilla position' within this arena. I expect a number of firms to thrive but think that CMGI will continue to generate superior returns for their shareholders. Best Regards, Scott

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