Tuesday, March 22, 2005

How a Startup Got to the Exit First

"Cisco's (CSCO) deal to buy Wi-Fi switch maker Airespace for $450 million is likely to be one of the biggest acquisitions of a venture-capital-backed company you'll see all year. A deal that big elicits cheers from nearly everyone in Silicon Valley. But the guy cheering the loudest is Tae Hea Nahm, a Storm Ventures partner, who will make more than $100 million on the deal for Storm and its limited partners. But beyond the money, the success of Airespace is a confirmation of an idea and a company that Nahm founded and managed from its earliest days within Storm Ventures. "

[Business 2.0]

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