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Liquidity Events |
Since GBP Capital began its fund in April, 2005, it has yet to realize any liquidity events for its portfolio, but prior to founding GBP Capital, David Wetherell started the first venture firm for the Internet, @Ventures, in January, 1995. He served as a managing partner of @Ventures until March, 2002, spanning four funds. During that period, he oversaw and/or served on the boards of several dozen ventures investments, resulting in one of the highest returns over a similar period for any venture fund in history.
Profitable liquidity events for these investments, all of which were early stage, included (in alphabetical order):
- Chemdex (IPO)
- Critical Path (IPO)
- GeoCities (IPO and later sold to Yahoo)
- Half.com (sold to eBay)
- Lycos (IPO and later sold to Terra Networks)
- MyFamily - Ancestry.com
- NetCarta (sold to Microsoft)
- PlanetAll (sold Amazon.com)
- Reel.com (sold to Hollywood Entertainment)
- Vicinity (IPO and later sold to Microsoft)
- WebCT (sold to Blackboard)
Two of these investments, GeoCities and Lycos, had initial investments of $2-3M and yielded over $1B in returns to @Ventures within five years. |
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