I am an active watcher and customer of SteepAndCheap (and the parent company Backcountry.com along with its sibling site Dogfunk.com), repeatedly checking the site for quite a few years. I think their implementation of the “woot” model to sell old inventory is superb, especially now (actually integrated about two years ago) that they have [...]
October 22, 2007 – 4:29 pm
Spectrum Equity purchased a majority stake in Wasatch Venture Fund’s portfolio company The Generations Network (previously known as MyFamily.com) for an investment of $300m. The Utah-based Generations Network is comprised of Ancestry.com, Rootsweb, and MyFamily.com that, according to Hitwise, rank as the second, third and fourth largest U.S. “family lifestyle” sites. The Generation [...]
October 12, 2007 – 2:46 pm
It is best for an entrepreneur to try and finance her company through her own resources (bootstrapping, friends and family, etc) because it increases her commitment to the company and she then retains ownership. Yet, many companies will need additional capital and depending on the type of business private investors might be interested [...]
October 12, 2007 – 10:35 am
Wasatch Venture Fund portfolio company Berkeley Data Systems was acquired by EMC, the world leader in information infrastructure solutions. Berkeley Data Systems is the provider of Mozy, an online data backup subscription service. Wasatch invested in Mozy in 2005 alongside Novell co-founder Drew Major and venture capitalist Tim Draper.
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One of my favorite aspects about blogging is the positive nature that can be generated through posts and comments. A local Utah blogger has started weekly postings titled “Giving Props to My Peeps” where the writer, Thom Allen, writes about a person he has been impressed with during the last seven days. [...]
Mozy, one of my favorite companies, just closed a multi-million dollar deal with GE!!!!! Way to go Mozy!
Mozy is a Utah start-up based in American Fork and is led by Josh Coates. The company started with a focus in the consumer market, offering unlimited backup for a mere $5 per month (or [...]