We occasionally make investments in companies. In the past we have invested in the following:
cScape (CSC – AIM Market, London). This was a buy-back after previously selling the company. It was then sold to NetB2B2, a public corporation in London, in August 2000. NetB2B2Â subsequently changed its name to cScape.
NetNames – (NBT.L on the London Stock Exchange). This was a seed investment of about $300,000. NetNames was sold to NetBenefit in 1999.
RealNames Corp. this was a seed investment as founders of approximately $500,000. RealNames filed its S1 in late 1999 but failed to complete an IPO due to market conditions.
Red Swoosh. Now part of Akamai. This was a seed stage of investment of around $25,000.
DayLife. This is Upendra Shardanand’s company. Our investment was a seed investment of $25,000. The company recently received a $4m investment from Getty Images.
s.erious.ly – This is an incubation investment of around $50,000.
We have had the following exits:
EasyNet. An IPO in 1996 and an acquisition by B Sky B for $374.9m in 2005. Investors made more than $1 billion from EasyNet between 1994 and 2008.
cScape. Sold to NetB2B2 in August 2000.
NetNames. Sold to NetBenefit in December 1999.
Red Swoosh. Sold to Mark Cuban in 2006.
edgeio. Sold to LookSmart and Vast.com in 2008.
