Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Brian Malloy who wrote (9143)	6/2/1999 10:20:00 PM
From: Tae Spam Kim	Respond to of 19700

RedHerring covers how CMGI's @Ventures has been outflanking the Sand Hill Road venture capital firms. Currently @Ventures receives over 1000 business plans a month and has 46 investments across 3 funds. Mr. Mills would not admit that his firm incubates companies in order to outflank its competition, but @Ventures has had a number of successes nursing neophyte startups. Although @Ventures funded Lycos when it had only one employee, Mr. Mills is most proud of Geocities (Nasdaq: GCTY ), which @Ventures backed when it had the unlikely name of Beverly Hills Internet. Mr. Mills said he threw the business plan on the stack and didn't look at it until Chairman and Founder David Bohnett called him up and gave him the 30-second pitch. According to Mr. Mills, Beverly Hills Internet had been turned down by 100 venture firms before @Ventures decided to stake it. Geocities is now worth over $3 billion. - RedHerring