To: westpacific who wrote (18936 ) 10/19/1999 2:07:00 AM From: 2MAR$ Respond to of 108040
Provocative article mentioning ZANY , from CNET tonight, mentions Paul Allen as a limited partner in venture-capital-fund to promote promising brick&mortar companies on the net :http://yahoo.cnet.com/news/0-1007-200-919077.html <<<A once-secretive company loaded with venture capital is set to launch a service tomorrow that will provide established brick-and-mortar retailers with the funding, technology, and expertise to set up shop online. As previously reported by CNET News.com, New York-based Online Retail Partners is funded by Comcast Interactive Capital, John Malone's Liberty Digital, Pequot Private Equity, and a host of other venture capital firms. A company representative confirmed that Paul Allen is involved as a limited partner in one of the venture capital funds. Cable television mogul Malone owns a major stake in Liberty. Quote Snapshot ZANY 13.19 -0.88 Enter symbol: · Symbol Lookup More from CNET Investor Quotes delayed 20+ minutes The company hopes to help retailers focus on leveraging their brands and marketing prowess as they migrate online. To help a retailer set up an independent e-commerce business, Online Retail Partners plans to contribute much of the initial round of financing. The company will also provide the elements essential to building brands on the Internet, including the technology resources and teams of professionals. It will also assist start-ups with critical logistics and customer-service functions. The first two retailers using its services are Zany Brainy and Dick's Sporting Goods. The company said it plans to recruit more retailers as well as expand the number of venture capital investors backing the company .....more>>> what-cha-think?.... my guess is that ZANY will probably not tank very badly tomorrow. :-) 2MAR$