I'm not buying the idea that PlanetAll acquisition helps AMZN's VC liquidate.
Amazon's primary investor is Kleiner Perkings. Here are Plant All's investors, from their web page:
Investors
PlanetAll is privately held. ÿIts lead investors are CMG @Ventures, Lycos, Puma Technology, and @rts @lliance. ÿ CMG @Ventures invests in and integrates advanced Internet, interactive media and database management technologies. The firm and its affiliates have an interest in Lycos, Geocities, and numerous other internet properties. ÿ Lycos, one of the biggest destinations on the internet, made a substantial investment in PlanetAll in April, 1998. Puma Technology, the leader in Mobile Data Exchange(TM) software, has invested in PlanetAll as part of a partnership with PlanetAll for synchronization with a variety of software programs and handheld devices. ÿ@rts @lliance, Ltd. is a UK-based investment firm specializing in the internet.
Yes, CMG Ventures has made out like a bandit, but I don't see how KPC benefits. Am I missing something?
Rob S wrote --
Could it be because Amazon.com (Bezos family) and the VCs saw this as a way to make a large payment to the VC under the cover of an acquisition? |
