Saturday, November 18, 2006

VC Ratings: That's more like it; Yahoo buys VCless-MyBlogLog

"After writing how puzzling it is for a venture-backed startup to get acquired within months of its financing for a relatively small multiple of the pre-money valuation, a deal comes around that makes more sense.
Yahoo is acquiring MyBlogLog for a reported $10 million. MyBlogLog never raised venture capital funding, making it a nice payday for co-founders Scott Rafer, Todd Sampson and Eric Marcoullier."

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