March 13, 2000 |
Internet start-up factory Idealab is celebrated for turning inspirations into corporations, sometimes in mere weeks. In the four years since entrepreneur Bill Gross founded Idealab in a Pasadena warehouse, five of its offspring have become national symbols of sudden Internet stock wealth. The success of online retailer EToys, Web search engine firm GoTo.com, free Internet service provider NetZero, Ticketmaster Online-CitySearch and Tickets.
February 23, 2000 |
A 60-year-old federal securities law is making it difficult for Idealab, the Internet incubator that has helped finance start-ups such as EToys Inc. and Ticketmaster Online-City Search Inc., to put together its own initial public offering, sources familiar with the deal said.
February 7, 2000 |
Last year, Idealab launched MyHome.com to sell furniture, rugs, bathroom fixtures and other home furnishings over the Web. Now the Internet business incubator is starting a company to sell homes to go with all that merchandise. Idealab Chairman Bill Gross will unveil MakeAnOffer.com today at the Demo 2000 conference in Indian Wells, Calif. The company will facilitate the buying and selling of houses, even if they're not officially for sale.
January 29, 2000 |
Idealab received an investment last month that values the Pasadena Internet business incubator at $7.46 billion. Hikari Tsushin, a Tokyo-based telecommunications firm, paid $100 million for a 1.34% stake in Idealab to "pursue financial and strategic opportunities," according to a notice released by the firm. The investment has already begun to pay off: Hikari Tsushin is preparing to launch a joint venture with an Idealab firm, Intranets.com of Woburn, Mass. The venture, Intranets Inc.
January 20, 2000 |
Pasadena venture capital firm Idealab Capital Partners and investment bank Goldman, Sachs & Co. are expected to announce today that they have invested $23 million in PayPal.com, Palo Alto-based developer of e-mail payment systems. "The backing of top-tier investors like ICP and Goldman Sachs validates the growing acceptance of e-mail payments and recognizes the potential of this new e-commerce category," said PayPal Chief Executive Peter Thiel.
January 4, 2000 |
Pasadena-based Idealab has amassed billions of dollars by launching Internet start-ups and taking them public, so it's hard to second-guess the company's financial strategy. But a filing made with the Securities and Exchange Commission on Monday might have some observers scratching their heads. Idealab Holdings, an Idealab subsidiary used to invest in Idealab companies, struck a series of agreements on Dec. 23 to buy nearly 4.1 million shares in Idealab spinoff GoTo.com Inc.
January 2, 2000 |
Who will make big news in the business world this year? Who will emerge from relative obscurity to become a major player? To start the new year, Times business reporters selected people from their beats who they believe will be among those to watch in 2000--in Southern California, across the country and around the world. Some are well known, having made big news in previous years. Others are not exactly household names but nevertheless are likely to make a major impact in their fields.
December 7, 1999 |
In the latest testament to the lure of venture capital's big bucks, prominent Internet stock analyst Mary Meeker might be about to leave Morgan Stanley Dean Witter to join Pasadena business incubator Idealab--if you believe Red Herring magazine, that is. Or she may be joining the Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers--if you believe the New York Post. But Morgan Stanley said Meeker is staying put.
November 25, 1999 |
Internet business incubator Idealab is planning to raise at least $100 million in an initial public offering that could make it one of the most highly valued Web incubators in the country, according to people familiar with the plans.
September 14, 1999 |
Idealab, the Pasadena business incubator that has spawned some of Southern California's flagship Internet firms, said Monday it will open an office in Sunnyvale, Calif., and try to repeat its Southland success in Silicon Valley. The establishment of Idealab Silicon Valley turns tradition on its head.