VC Bio: Josh Kopelman

Josh has been an active entrepreneur and investor in the Internet industry since its commercialization. In 1992, while he was a student at the Wharton School of the University of Pennsylvania, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange.
Josh founded Half.com in July of 1999, and led it to become one of the largest sellers of used books, movies and music in the world. Half.com was acquired by eBay in July 2000 -- and Josh remained with eBay for three years, running the Half.com business unit and growing eBay’s Media marketplace to almost half a billion dollars in annual gross merchandise sales.
In late 2003 Josh helped to found TurnTide, an anti-spam company that created the world's first anti-spam router. TurnTide was acquired by Symantec just six months later.
In addition to being an active angel investor, Josh has served as an Entrepreneur-in-Residence at Comcast Interactive Capital - a $350 million venture capital fund affiliated with Comcast Corporation.
Josh is an inventor on eight U.S. Patents for his work in Internet technology. In June 2000, he was awarded Ernst and Young’s prestigious “Entrepreneur of the Year” award for the Greater Philadelphia region. Josh has also been recognized as one of the “10 Most Influential People in Philadelphia Technology” by the Philadelphia Inquirer, one of the “76 Smartest Philadelphians” by Philadelphia Magazine and as one of forty individuals under the age of forty who have made the biggest impact on the Philadelphia region by the Philadelphia Business Journal.
Josh is often quoted in industry trade journals and national newspapers, has appeared on numerous national television shows, and is a frequent speaker at industry-wide conferences on entrepreneurship, Internet marketing and the future of Internet services.
In 2001 Josh and his wife created the Kopelman Foundation, a non-profit organization focused on angel philanthropy to provide “start-up” grants to social entrepreneurs. He currently serves on the Board of Directors of Main Line Health, suburban Philadelphia's most comprehensive healthcare resource, operating four of the region's most-respected hospitals. He also serves on as a member of the advisory boards for Wharton Entrepreneurial Center and the Weiss Tech House at the University of Pennsylvania.
Josh earned a Bachelor of Science degree cum laude in Entrepreneurial Management and Marketing from The Wharton School of the University of Pennsylvania.

Mint.com Raises $14MM - Benchmark, Shasta, First Round Capital, Sherpalo

Mint.com is the nation's leading online personal finance service, providing over 1.4 million users a fresh, easy and intelligent approach to money management. And it's free. Mint is tracking over $175 billion in transactions, $47 billion in assets and has identified $300 million in potential savings for its users.

"Over 1 million people already use our online money management and budgeting software today, and we’re adding over 3,000 users every day. Mint.com is tracking $175 billion in transactions, $47 billion in assets and has identified more than $300 million in potential savings for its users."

At Mint, we believe that money is for living. That's why we’ve created the simplest and most effective way to manage your money…and why Mint.com is free.

Mint.com (www.mint.com), the nation's leading online personal finance and budgeting service, today announced that the company has raised $14 million in a Series C financing round led by DAG Ventures. This was a preemptive round, with new participation from The Founder's Fund, and investment from existing investors Benchmark Capital, Shasta Ventures, First Round Capital, and Sherpalo. Valuation is not being disclosed, but it represents a significant up round.

Mint.com is the leading online personal finance service, now with over 1.4 million registered users. Mint is tracking over $175 billion in transactions, $47 billion in assets and has identified $300 million in potential savings for its users. Specific revenues are undisclosed, but are up 8x year over year.

This round of funding will be applied to expanding Mint's already award-winning team, particularly its engineering staff, to accelerate product upgrades and new partnership launches scheduled for the next 6-12 months.

"To be approached with funding in this climate is acknowledgement of our progress and potential in helping Americans to save and do more with their money," said Aaron Patzer, CEO and founder of Mint.com. "Now that we have a sampling of about 2% of the nation's online households, we can see some interesting economic trends, and are establishing ourselves as a source of close to real-time insights into the US economy."

This latest round brings Mint.com's total funds raised to date to $31 million. The company's Series B was led by Benchmark Capital; Series A was led by Shasta Ventures; and their seed round was led by First Round Capital.