Monday, November 14, 2005

MercuryNews.com | 11/13/2005 | Hot idea attracts VCs' cold cash

"In the end, Shah raised $8 million from DFJ and USVP, at a valuation of more than $20 million. In other words, VCs agreed that the portion of the company they didn't own, largely controlled by Shah, was worth more than $12 million. Again, a lot of money considering it was little more than an idea. ``That's pretty high for three guys and some slides,'' Shah concedes."

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