January 17, 2000 |
The founders of Classic Sports Network, the sports channel sold to ESPN for $175 million in 1997, are jumping into cyberspace. Brian T. Bedol and Stephen D. Greenberg have formed Fusient Media Ventures in New York as an incubator for entrepreneurs developing content for the Internet. Tom Lassally, former executive vice president of Warner Bros. and also a founder of Fusient, will be president of West Coast operations.
November 8, 1999 |
Redpoint Ventures, a Menlo Park, Calif.-based venture capital firm formed two months ago by principals at Brentwood Venture Capital and Institutional Venture Partners, is expected to announce today that it has raised $600 million in its first fund. The fund, which will invest in companies developing technologies for the Internet, electronic commerce, broadband communications and digital television, is the largest first fund of its type ever formed, according to Venture Economics, a data firm.
August 14, 2000 |
Redpoint Ventures is expected to announce today that it has raised $1.25 billion in its second venture fund, joining a host of other $1-billion-plus venture funds formed in the last year. The fund is about twice as big as Redpoint's first fund. The well-connected venture firm, based in Menlo Park, Calif., and Los Angeles, invests without geographical restrictions.
November 20, 1999
Three prominent names in technology--former Ingram Micro executive David Dukes, AST Research founder Safi Qureshey and John Walecka, founding partner of Redpoint Ventures--have been named to the board of Nexgenix Inc., an Irvine electronic business consulting firm.
CALIFORNIA | LOCAL
September 26, 2000
Internet Machines Corp. of Agoura Hills announced it has received $30 million in second-round venture funding to accelerate growth and development of next-generation networking products. The funding was led by Meritech Capital Partners and includes additional investments from the current investor, Redpoint Ventures, and several others.
April 15, 2005 |
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Thursday that it would buy Topspin Communications Inc. for $250 million to add to its line of products that connect data network components. The price for closely held Topspin includes cash and stock options, Cisco said. Topspin, a Mountain View, Calif.-based company with 135 employees, makes so-called fabric switches that connect computer servers to form grids for networks and data storage.