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Technology Stocks : OffRoadCapital - Offroad Capital .com - Offroadcapital.com -- Ignore unavailable to you. Want to Upgrade?

To: LarryCPA who wrote (1)	10/3/1999 11:57:00 PM
From: JIMMY LIU	Read Replies (1) \| Respond to of 12

Larry Greenstein: Here is another company you can sign up too. garage.com Garage.com Receives $12 million Investment from ETRADE, ATV, Mayfield Fund, and Credit Suisse First Boston Technology Group Web-based Firm Raises More Than $60 Million for 20 Technology Startups in 1999 PALO ALTO, Calif., September 13, 1999 -- Garage.com, a Web-based early-stage venture financing firm, today announced it has successfully completed a $12 million round of financing led by ETRADE Group (NASDAQ: EGRP) with additional investments from Advanced Technology Ventures, Mayfield Fund, Credit Suisse First Boston Technology Group, and other investors. Garage.com will use the funds to continue to expand its operations from Silicon Valley, Boston, and Seattle into high tech centers throughout the United States and around the world. "The private equity market is experiencing explosive growth. Thousands of talented entrepreneurs in garages around the world need seed capital to get their companies up and running," said Guy Kawasaki, CEO of Garage.com. "Garage.com successfully partners talented entrepreneurs with strategic investors, helping them build great high tech companies. The additional capital from ETRADE and our other investors allows us to grow rapidly, expand into high tech corridors around the world, and further reinforces Garage.com?s position as a leader in this market." Garage.com, through its wholly-owned broker/dealer subsidiary, Garage.com Securities, has helped 20 technology startup companies raise more than $60 million in seed capital since January 1, 1999. Among the recently funded startups are iCopyright, Korobra, Tripwire Security Systems, Startups.com, Virtualis, and WebOrder. Garage.com Powers High Tech Startups Garage.com uses the Web to match high-quality entrepreneurs with experienced high tech venture investors. A network of leading professional service firms including PricewaterhouseCoopers, ABD Services, Venture Law Group, Silicon Valley Bank, and Heidrick & Struggles supports Garage.com and its startups. "Garage.com will provide ETRADE with access to a steady stream of high-quality startup investment opportunities," said Tom Bevilacqua, ETRADE?s executive vice president of corporate development and strategic investments. "ETRADE will leverage Garage.com?s proven ability to identify emerging trends in technology and investment strategies, and together we will work to create new services for our customers." About Garage.com