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Thursday, February 10, 2005

I couldn't believe that WebRoot raised $108M in VC funding. See CNET article. I mean, what does a startup DO with $108M? I know it's a hot space, but all the startups I know who have raised that kind of money have spent it on, well, who knows what. Today I found out that most of that money went to the founders, who are not staying on with the company. The investors more or less bought them out. From what I understand, the post money is around $200M. Really seems more like a private equity deal than a VC deal - but what a deal.

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