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?	VentureWire
	Friday, December 08, 2000	?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	?
?	
	
	
	top stories
	
	* Softbank/Vivendi Venture @Viso Closes Two Offices
	* Emulex Acquires Giganet for $645 Million
	* Global Internet Ventures Launches $140 Million Fund
	* Optical Firm Siwave Gets $7.5 Million in Round One
	
	
	TODAY'S FEATURE
	VCs Kick the Tires at Technology Outlook
	By Matthew Sheahan
	Technology companies involved in distributed computing, enabling 
technologies, and home networks were the hottest topics among venture 
capitalists and industry observers at the Technology Outlook conference in 
Burlingame, Calif. more>>
	
	
	
	
	The elite of the burgeoning optical communications industry
	will be in one place, under one roof Feb 11-14:
	Optix2001 in Pasadena, CA.
	
	This unusual event combines leaders in academia and business
	exchanging the latest on trends, recent developments, and
	the future of optical technology. If you are a player in the
	field, this is a special opportunity to learn from the
	world's experts.
	
	The brightest corporate stars such as Don Smith, President,
	Optical Internet at Nortel Networks are joined by renowned
	academics such as Kerry J. Vahala, Professor of Applied
	Physics at Cal Tech, to provide a breadth of knowledge and
	insider perspective unique to the industry.
	
	Participation at this event is subject to approval and is
	limited to senior executives involved in the optical
	communications industry. For your registration pack link 
to:http://www.optix2001.com/
	
	
	
	new money
	
	* AI-Based Data Firm Volantia Gets $600,000 Seed from nCoTec 
	* Net Services Firm Radiant Raises $4.7 Million Round One
	* Mobile Medic Technology Firm ROAM Has $2.5 Million Round One
	* Networking Firm Digital Harmony Gets $5 Million Series A
	* Zero Stage Leads Data Storage Firm Aprilis' Series A
	* Motorola Invests in Teen Wireless Network Talking Drum 
	* UK Host Provider Attenda Lands $21.6 Million in Second Round
	* Access App Firm Be Connected Raises $15 Million from Cisco 
	* All-Hotels, Online Hotel Marketplace, Raises Second Round
	* Chip2Chip, Changes Name, Caps $40 Million Second Round
	* Teen Quiz Site CraniaMedia Raises $1.2 Million Series B
	* Monterey Designs Systems Has $25 Million Mezzanine Round
	* Virtual Reality App Firm OpenWorlds Raises Funding
	
	
	bad news
	
	* Online Car Dealer Greenlight.com Lays Off 25% of Its Staff
	
	
	new products
	
	* French Mobile Firm Eazywap Changes Name to Antepo
	* Job Board That Offers Signing Bonuses, PeopleBonus, Launches
	* Electronic Trading Solutions Changes Name to Corcentric
	
	
	new deals
	
	* PSINet Takes Equity Stake in Web Site Network MyCity.com 
	
	
	m&a
	
	* Liquid Audio Bids on Scour's Technology Assets
	* E-Business Platform Verano Acquires Agilent Subsidiary
	* E-Kiosk Firm Interactive Information Acquires co.brand.it 
	* ProjectGuides.com Buys Research and Analysis Firm IMS 
	* E-Business App Firm euro99.com Acquires Virus112.com
	
	
	new directors
	
	* Points.com Adds Ex-Toronto Stock Exchange CEO to Board
	* Content App Firm FastTide Taps Ex-AOL Exec and VC for Board
	
	
	new people
	
	* Ebusiness Networks Firm Commerx Names New CEO from Within
	* Ex-CEO of MValue Now Chief Exec at Peer-to-Peer Firm Static 
	* Former Cargill Exec Joins Quivox as New CEO
	
	
	vc fund news
	
	* Incuvest Raises $100 Million Fund
	
	
	vw corrections
	
	* AirMedia
	* InfoMedics
	* Money.net
	* Optical Capital Group
	
	TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... NEW DEALS... M&A... 
NEW DIRECTORS... NEW PEOPLE... VC FUND NEWS... VW CORRECTIONS
	
	
	top
	
	
	Get your mind around it.
	
	As a VentureWire reader, you know how many startups
	are funded every day and how difficult it is to spot
	the patterns in what's happening. ComputerLetter can
	help. Written by analysts who have been following the
	world of high technology for decades, ComputerLetter
	is a lucid, literate guide to the trends behind
	the latest technology.
	
	For the must read that's also a good read, 
visit:http://technologicpartners.com/tp/cl/
	
	
	top stories
	?
	Softbank/Vivendi Venture @Viso Closes Two Offices
	mail this story? top
	
	PARIS (VENTUREWIRE) -- European incubator @Viso, a joint venture between 
Vivendi and Softbank aimed at assisting U.S. Internet companies gain market 
entry into continental Europe, said it will close its offices in Spain and 
the Netherlands. It will also suspend plans to open a Milan, Italy office. 
Managing director Daniel Scolan said the company had been seeking new 
investment opportunities from those offices, but decided to concentrate on 
current portfolio companies at its Paris and Munich offices. 
	http://www.atviso.com
	
	
	Emulex Acquires Giganet for $645 Million
	mail this story? top
	
	COSTA MESA, Calif. (VENTUREWIRE) -- Emulex, a publicly traded supplier of 
Fibre Channel host adapters, said it has agreed to acquire Giganet, a 
developer of IP networking services in a deal worth approximately $645 
million. Emulex will acquire Giganet for approximately 4 million shares in 
common stock and assumed options. Giganet will become the IP Networking group 
of Enulex. Neil Ferris, Giganet president and CEO, will take a seat on 
Emulex's board of directors. Giganet Inc.'s investors include H&Q Venture 
Associates, Innocal, Mariposa Investment Holding, Merrill Lynch, NTT Leasing, 
Telsoft, and W.R. Hambrecht.    
	http://www.emulex.com
	http://www.giganet.com
	
	
	Global Internet Ventures Launches $140 Million Fund
	mail this story? top
	
	VIENNA, Va. (VENTUREWIRE) -- Global Internet Ventures said it launched a $140 
million fund focused on early-stage technology companies based in India, 
China, and the U.S. The fund's average investment will range between $500,000 
and $3 million. The firm's portfolio companies include Tarang, Cvent.com, 
e4e, and Portelco. In addition to its offices here, Global Internet Ventures 
has offices in Beijing, China and Bangalore, India. The firm's founders 
include Bill Melton, founder of Cybercash and Verifone; Jeong Kim, Yurie 
Systems' founder; and Jeff Tonkel, former president of Captial Investors. 
	http://www.givinc.com
	
	
	Optical Firm Siwave Gets $7.5 Million in Round One
	mail this story? top
	
	BURBANK, Calif. (VENTUREWIRE) -- Siwave, an optical routing technology 
company, has received $7.5 million in first-round financing, a source close 
to the company said. Draper Fisher Jurvetson, along with its affiliate funds, 
Zone Ventures and Draper Fisher Jurvetson Portage, provided the funding. DFJ 
and Zone each received a board seat. The company may seek another round in 
the next three to four months. Telephone 818-291-6464.    
	
	
	new money
	?
	AI-Based Data Firm Volantia Gets $600,000 Seed from nCoTec 
	mail this story? top
	
	New York (VENTUREWIRE) -- nCoTec, a new seed fund focused on enabling 
technologies for wireless communications, said it invested $600,000 in seed 
funding in data management software firm Volantia. The investment gives 
nCoTec a 33% stake in the company. Through the agreement, nCoTec has the 
option to invest an additional $2.4 million for a 50% stake. Volantia is 
developing software based on artificial intelligence algorithms to convert 
intuitive data into a database format. nCoTec will take a seat on the 
company's board of directors as a result of the funding. 
	http://www.ncotec.com
	
	
	Net Services Firm Radiant Raises $4.7 Million Round One
	mail this story? top
	
	BELLEVUE, Wash. (VENTUREWIRE) -- Radiant Communications, a Vancouver-based 
Internet services and applications firm that focuses on small and 
medium-sized businesses, said it has raised CDN $7.2 million ($4.7 million) 
in its first round of financing. The round was led by Encompass Ventures, 
which invested $1.5 million. Other participants in the round include Cascadia 
Capital and GrowthWorks Capital, the Working Opportunities Fund of the 
British Columbia provincial government. Mr. Scot Land, a managing partner of 
Encompass Ventures, will sit on the Radiant Communications board. The company 
said it will use the funds to expand into new geographic markets.    
	http://www.radiant.net
	
	
	Mobile Medic Technology Firm ROAM Has $2.5 Million Round One
	mail this story? top
	
	CALGARY, Alberta (VENTUREWIRE) -- ROAM, a provider of patient data technology 
on mobile devices for EMTs, paramedics, and other emergency service 
providers, said it raised $2.5 million in its first round. PangaeaVentures 
and EMerchant Capital participated in the funding. As part of the deal, ROAM 
received $500,000 in cash and $2 million in common share purchase warrants, 
to be issued between now and February 2001. The company will use the funds to 
expand its technology to the U.S. market.  
	http://www.roam-it.com
	
	
	Networking Firm Digital Harmony Gets $5 Million Series A
	mail this story? top
	
	SEATTLE (VENTUREWIRE) -- Digital Harmony Technologies, a developer of digital 
media networking technologies for home and studio, said it closed a $5 
million Series A round of funding. Taiwan-based  Walsin Lihwa, Pan-Pacific 
Venture Capital, and several corporate and individual investors participated 
in the round. The company said it would use the funding for sales and 
marketing and to develop technology for its licensees. Digital Harmony's 
technology is licensed as the DHIVA (Digital Harmony Interface for Video and 
Audio). DHIVA enabled audio and video devices can be connected together into 
an entertainment network with a one wire connection. 
	http://www.digitalharmony.com
	
	
	Zero Stage Leads Data Storage Firm Aprilis' Series A
	mail this story? top
	
	CAMBRIDGE, Mass. (VENTUREWIRE) -- Aprilis, a developer of holographic-based 
data storage products said it received an undisclosed amount of funding from 
lead investor Zero Stage Capital as part of its multi-million dollar Series A 
round of funding. Undisclosed institutional and individual investors also 
participated in the round. The company said it will use the funds to further 
develop its technology. Aprilis' products are targeted at high capacity 
storage markets including Fortune 500 companies; medical image archiving; 
satellite image archiving for weather, geophysical, and intelligence data; 
data warehousing, mining, and analysis; and law enforcement records. A member 
of Zero Stage Capital will receive a seat on Aprilis' board of directors. 
	http://www.aprilisinc.com
	
	
	Motorola Invests in Teen Wireless Network Talking Drum 
	mail this story? top
	
	PALO ALTO, Calif. (VENTUREWIRE) -- Motorola Ventures said it made a strategic 
investment of an undisclosed amount in Talking Drum, a wireless network for 
teens and provider of wireless products. The company, which currently has 
eight employees, launched its network KODE in Sacramento in November, and 
plans to expand it to Los Angeles, New York, and San Francisco in 2001. 
Currently, the KODE network uses Motorola's Mobile Internet Exchange (MIX) 
communications platform for voice and WAP access. KODE customized the MIX 
platform to target teens. The platform enables users to get messages, access 
personal information, and receive content by using voice commands, a WAP 
browser, or a compatible personal computer.
	http://www.dkode.com
	
	
	UK Host Provider Attenda Lands $21.6 Million in Second Round
	mail this story? top
	
	MIDDLESEX, U.K. (VENTUREWIRE) -- Attenda, a European Internet host provider, 
said it raised GBP15 million ($21.6 million) in its second round led by DLJ 
European Private Equity. Other investors were Compaq Computer, UBS Capital, 
and Texas Pacific Group. The company will use the funds to expand to France 
and Germany early next year. The company said it is considering an IPO in 
2001.
	http://www.attenda.net
	
	
	Access App Firm Be Connected Raises $15 Million from Cisco 
	mail this story? top
	
	LOD, Israel (VENTUREWIRE) -- Be Connected, which develops access applications 
for telecommunications operators, said it has received a $15 million 
investment from Cisco Systems. Be Connected is a spin-off of the Telrad Group 
of technology companies.   
	http://www.telrad.co.il
	
	
	All-Hotels, Online Hotel Marketplace, Raises Second Round
	mail this story? top
	
	EDINBURGH, Scotland (VENTUREWIRE) -- All-Hotels, which provides booking 
information and services for hotel reservations, said it raised GBP 3 million 
($4.3 million) in its second round of funding. The round was led by 3i and 
included investments from previous investors The Royal Bank of Scotland, and 
Scottish Equity Partners. The company said it will use the funding to 
continue the development of new products and services.
	http://www.allhotels.com
	
	
	Chip2Chip, Changes Name, Caps $40 Million Second Round
	mail this story? top
	
	SAN JOSE, Calif.  (VENTUREWIRE) -- Chip2Chip, a developer of semiconductors 
for optical networking systems, announced it changed its name to Velio 
Communications. The company also said it closed a $40 million second round of 
funding in October. The round was led by new investor Venture Capital 
Partners and included new investor HarbourVest Partners and previous 
investors Sequoia Capital, IVP, and Global Catalyst. Velio Communications 
will use the funding to form strategic partnerships. 
	http://www.velio.com
	
	
	Teen Quiz Site CraniaMedia Raises $1.2 Million Series B
	mail this story? top
	
	LOS ANGELES (VENTUREWIRE) -- CraniaMedia, which runs an academic quiz Web 
site for teenagers that contains competitions, practice tests, and 
educational games, said it has raised $1.2 million in a Series B round of 
financing from The Sapling Foundation, a private foundation based in the Bay 
area; Thayer Bigelow, former president of Time Warner Cable Programming; and 
undisclosed individuals. The company said it will use the funds to expand its 
Web services and for marketing and advertising.    
	http://www.craniamedia.com
	
	
	Monterey Designs Systems Has $25 Million Mezzanine Round
	mail this story? top
	
	SUNNYVALE, Calif. (VENTUREWIRE) -- Monterey Design Systems, which develops 
and markets physical design software products, said it secured $25 million in 
its mezzanine round of funding led by Fidelity Management & Research. The 
round also included Capital Research and Management, Rho Management, Sevin 
Rosen Funds, Star Ventures, Kaufman, Vexter, Infineon, and LSI Logic Corp. 
Monterey, which has raised a total of $56 million to date, said it will use 
the funds to expand its customer base and evaluate an initial public offering 
sometime next year. The company has received funding from Deutsche Bank, 
Foundation Capital, Sumitomo, and United Microelectronics Corp.  
	http://www.montereydesign.com
	
	
	Virtual Reality App Firm OpenWorlds Raises Funding
	mail this story? top
	
	PHILADELPHIA (VENTUREWIRE) -- OpenWorlds, a 3-D and virtual reality Internet 
applications firm, said it has raised an undisclosed amount from Ben Franklin 
Technology Partners of Southeastern Pennsylvania, a fund that is part of the 
Commonwealth of Pennsylvania's Department of Community and Economic 
Development. The company said it has also raised an undisclosed amount of 
funding from individual investors over the last two months and that it plans 
to use the funds for promotion and technology development.   
	http://www.openworlds.com
	
	
	bad news
	?
	Online Car Dealer Greenlight.com Lays Off 25% of Its Staff
	mail this story? top
	
	LIVERMORE, Calif. (VENTUREWIRE) -- Greenlight.com, an online car buying 
company, said it has laid off 25% of its staff. A company spokeswoman, who 
would not say how many employees remain at the company, said the reduction in 
staff is meant to cut costs, and align with the current market environment. 
Employees, sent home last Friday, received a severance package, the 
spokeswoman said. In addition to providing car buying services on its site, 
GreenLight.com's customers can gain access to the company's new cars section 
at Amazon.com, which is an investor in the company. Greenlight.com is also 
backed by Kleiner Perkins Caufield & Byers, and Asbury Automotive Group's 
investors Ripplewood Holdings, and Freeman Spogli & Co. Also, Techno-Venture 
Co., Comdisco Ventures, Pacific Century Cyberworks, and Spring Creek 
Partners.   
	http://www.greenlight.com
	
	
	new products
	?
	French Mobile Firm Eazywap Changes Name to Antepo
	mail this story? top
	
	PARIS (VENTUREWIRE) -- Eazywap, a mobile Internet and instant communication 
tools provider, said it has changed its name to Antepo. Antepo raised an 
undisclosed amount from individual investors in August of this year and is 
working on its next round of financing.   
	http://www.antepo.com
	
	
	Job Board That Offers Signing Bonuses, PeopleBonus, Launches
	mail this story? top
	
	CHICAGO (VENTUREWIRE) -- PeopleBonus.com, a Web-based job board, announced 
its launch. PeopleBonus offers candidates who get jobs through the site a 
signing bonus of 5% to 10% of their starting salaries. The site also doesn't 
charge companies to post their openings or browse resumes until a candidate 
is hired. PeopleBonus was founded by the founders of StartupSeeker, a 
recruiting firm focused on startup and emerging technology companies: Michael 
Maher, chief operating officer; Brian Scanlon, chief recruiting officer; and 
David Hammond, director of business development. Michael Maher will be 
president of PeopleBonus. PeopleBonus is funded by individual investors.
	http://www.peoplebonus.com
	
	
	Electronic Trading Solutions Changes Name to Corcentric
	mail this story? top
	
	MCLEAN, Va. (VENTUREWIRE) -- Electronic Trading Solutions, which provides 
supply chain businesses with technology that enables them to conduct 
transactions electronically, said it is changing its name to Corcentric. 
Corcentric is funded by HIG Ventures and Litton Industries.
	http://www.corcentric.com
	
	
	new deals
	?
	PSINet Takes Equity Stake in Web Site Network MyCity.com 
	mail this story? top
	
	MIAMI (VENTUREWIRE) -- MyCity.com, a network of local community-oriented Web 
sites, said that PSINet Ventures, the wholly owned corporate ventures unit of 
PSINet, will provide managed hosting services to MyCity.com in exchange for 
undisclosed equity in the company. MyCity will use the services to expand its 
"Local Portal In a Box" program. MyCity.com provides entire infrastructures 
to media and telecommunications companies on a market-by-market basis to 
execute local Internet strategies. PSINet managed hosting services include 
managing and maintaining MyCity.com's platform servers, data base storage, 
monitoring, security, and power supply to the hosted systems. PSINet will 
supply Internet connectivity through its fiber optic division. MyCity.com is  
backed by CrossBow Ventures and New Valley Corporation. It is currently 
raising a $5 million round of funding.  
	http://www.mycity.com
	
	
	m&a
	?
	Liquid Audio Bids on Scour's Technology Assets
	mail this story? top
	
	REDWOOD CITY, Calif. (VENTUREWIRE) -- Liquid Audio, the publicly traded music 
delivery software and services provider, filed a bid for the technology 
assets of Scour in the U.S. Bankruptcy Court in Los Angeles. Scour, which 
provided digital entertainment search engine and file-sharing service, 
previously announced an agreement with Listen.com in November. Scour had been 
embroiled in a much publicized dispute with the Motion Picture Association of 
America, the Recording Industry Association of America, and the National 
Music Publishers Association prior to filing for Chapter 11. Scour is backed 
by Michael Ovitz and The Yucaipa Companies.
	http://www.liquidaudio.com
	http://www.scour.com
	
	
	E-Business Platform Verano Acquires Agilent Subsidiary
	mail this story? top
	
	PALO ALTO, Calif. (VENTUREWIRE) -- Verano, which delivers an electronic 
business platform for integrating business processes and providing 
measurement and reporting capabilities, said it has acquired Agilent 
Technologies' Automation Integration Software business based in Calgary, 
Alberta. The financial terms of the deal were not disclosed. As part of the 
acquisition-deal, Agilent will take an equity stake in Verano. Verano was 
founded in 1996 with funding from TechFarm, Chase Capital Partners, Deep 
River, and Charter Venture Capital.     
	http://www.agilent.com
	http://www.verano.com
	
	
	E-Kiosk Firm Interactive Information Acquires co.brand.it 
	mail this story? top
	
	NEW YORK (VENTUREWIRE) -- Interactive Information, a firm that provides 
electronic information kiosks and kiosk technology support, said it has 
acquired co.brand.it, an electronic kiosk company that focuses on the sale of 
products through e-commerce, in an equity transaction. Financial details were 
undisclosed. The new company said it will be called The E-Kiosk Company and 
that it will deliver and operate kiosks in malls, airports, hotels, transit 
centers, and at entertainment events. Jack Freedman, the CEO of co.brand.it, 
will be the president and Keen Yee, CEO of Interactive Information, will be 
CEO of The E-Kiosk Company. co.brand.it received an undisclosed amount of 
venture funding from CounterPoint Capital in September.     
	http://www.nycravings.com
	http://www.window2web.com
	
	
	ProjectGuides.com Buys Research and Analysis Firm IMS 
	mail this story? top
	
	BELLEVUE, Wash. (VENTUREWIRE) -- ProjectGuides, an exchange for buyers and 
sellers of technical professional services, said it is acquiring Integrated 
Marketing Systems (IMS), which provides relationship based research and 
analysis for firms in the architectural, engineering, environment, and 
related professions. Financial details of the acquisition were not disclosed. 
IMS, which is headquartered in San Diego, will now serve as ProjectGuides' 
western regional sales office and research center and will operate as a 
wholly owned subsidiary. ProjectGuides, a privately held company, is backed 
by Alta Partners, Arch Venture Partners, and Matthew G. Norton Company.    
	http://www.projectguides.com
	
	
	E-Business App Firm euro99.com Acquires Virus112.com
	mail this story? top
	
	COPENHAGEN, Denmark (VENTUREWIRE) -- euro99.com, a publicly traded European 
Internet business applications firm, acquired Virus112.com, a privately held 
virus detection firm that provides 24-hour online virus surveillance and 
technical support. Under the terms of the deal, euro99.com will purchase 
Virus112.com for 1.1 million shares of euro99.com common stock, worth about 
$2 million and up to 1.1 million performance-based warrants tied to 
Virus112.com's profitability during the next three years. Virus112.com has 
received $500,000 in venture funding from undisclosed investors.    
	http://www.virus112.com
	
	
	new directors
	?
	Points.com Adds Ex-Toronto Stock Exchange CEO to Board
	mail this story? top
	
	TORONTO (VENTUREWIRE) -- Points.com, which is building an online portal that 
manages   points, miles, and other loyalty program currencies, said it named 
Douglas Carty as chairman of the board of directors, and Rowland Fleming as a 
board member. Mr. Carty was formerly senior vice president and chief 
financial officer at Canadian Airlines. Mr. Fleming was former president and 
CEO of the Toronto Stock Exchange. Points.com raised $2.2 million from 
Kensington Capital Partners in September.
	http://www.points.com
	
	
	Content App Firm FastTide Taps Ex-AOL Exec and VC for Board
	mail this story? top
	
	MCLEAN, Va. (VENTUREWIRE) -- FastTide, which develops content delivery 
applications for Web hosting and Web content providers, said it has appointed 
Mark Walsh and Mark Ein to its board. Mr. Walsh is the chairman of 
VerticalNet, a network of online business-to-business trading communities, 
and the former senior vice president of America Online, where he founded and 
ran AOL Enterprise, AOL's business-to-business division. Mr. Ein is CEO and 
founder of Venturehouse Group, an early stage equity financing firm. FastTide 
raised $1.8 million in December of 1999 and an additional $6.5 million in 
March 2000 from angles, founders, and Capital Investors and is working on its 
next round of financing.   
	http://www.fasttide.com
	
	
	new people
	?
	Ebusiness Networks Firm Commerx Names New CEO from Within
	mail this story? top
	
	WESTCHESTER, Ill. (VENTUREWIRE) -- Commerx, a builder and operator of online 
business networks for manufacturing companies and their trading partners, 
said it promoted David O'Meara to chief executive officer. Mr. O'Meara 
previously served as Commerx's vice president of corporate development. Prior 
to joining Commerx, he served as vice president of business development for 
Sterling Commerce, an Internet business services provider. Mr. O'Meara 
replaces Jeff Garwood, who has served as interim CEO since late October when 
chairman and CEO Tim Stojka resigned from the position. The company's 
investors include Capital Research and Management, divine interVentures, MC 
Capital, Mitsui & Co., Palantir Associates, Pivotal Asset Management, Ashland 
Distribution, Eastman Chemical, EP Partners, Huntsman, Mitsubishi 
International, MSC Industrial Direct, H. Nuehlstein & Co., Internet Capital 
Gro! up, and individual investors. 
	http://www.commerx.com
	
	
	Ex-CEO of MValue Now Chief Exec at Peer-to-Peer Firm Static 
	mail this story? top
	
	SANTA MONICA, Calif. (VENTUREWIRE) -- Static, a developer of peer-to-peer 
technologies, has named Jay Haynes chief executive officer of the company, a 
source said.  Mr. Haynes is the former CEO of MValue, a company dealing in 
advertising services. In addition to enabling peer-to-peer sharing, Static's 
technology enables the sharing of bandwidth to enable faster file transfers. 
Static is backed by Los Angeles-based Zone Ventures.   
	http://www.static.com
	
	
	Former Cargill Exec Joins Quivox as New CEO
	mail this story? top
	
	LOS ANGELES (VENTUREWIRE) -- Quivox Systems, which develops Internet-enabled, 
browser-based business-to-business software to insurance companies, collision 
repair shops and other trading partners, said it has named Alex Cory as chief 
executive officer. Before joining Quivox, Mr. Cory held a number of general 
management and senior executive positions at Cargill, a global marketer, 
processor and distributor of agricultural, food, financial, and industrial 
products and services. He will lead Quivox in the sales and marketing of its 
new products and the development of additional product lines. Quivox is 
backed by Blue Capital Management, Fenway Partners, and Chase Capital 
Partners.  
	http://www.quivox.com
	
	
	vc fund news
	?
	Incuvest Raises $100 Million Fund
	mail this story? top
	
	LONDON (VENTUREWIRE) -- IncuVest, which develops and operates technology 
companies said it is in the process of raising a $100 million fund. Earlier 
this week, Brightstar, an incubator owned by British Telecommunications (BT), 
said it is creating an alliance with incuVest and said there will be an 
undisclosed equity exchange as part of the deal. A company spokesperson said 
British Telecom's Brightstar and IncuVest may raise a fund together in the 
future.
	http://www.incuvest.com
	
	
	vw corrections
	?
	AirMedia
	mail this story? top
	
	NEW YORK (VENTUREWIRE) -- Yesterday's story about AirMedia's new CEO 
misstated his background. Mark Bregman was most recently general manager of 
IBM's pervasive computing group, not the RS/6000 division. The story gave 
incorrect information about the company's backers. The company has raised $70 
million to date, not $90 million, and is backed by Citigroup Investments, 
Verus International, Prospect Street Ventures, Apex Teletech Resources, and 
Virgin Management Group. Bell Canada, Kleiner Perkins Caufield & Byers, 
Mitsubishi, and Mitsui are not investors in the company.
	
	
	InfoMedics
	mail this story? top
	
	NEW YORK (VENTUREWIRE) -- An item in yesterday's VentureWire about InfoMedics 
contained an incorrect description of the company. InfoMedics provides what 
it calls "experiential" patient data to the pharmaceutical industry, not 
"experimental." The company documents patients' experience with 
pharmaceutical products and provides that data back to physicians and 
pharmaceutical companies to support decision making.
	
	
	Money.net
	mail this story? top
	
	NEW YORK (VENTUREWIRE) -- Due to incorrect information provided by the 
company, an item in yesterday's VentureWire about Money.net's Series C round 
contained incorrect information about a new board member. The story should 
have stated that a member of investor company Mitsubishi will receive a board 
observation seat.
	
	
	Optical Capital Group
	mail this story? top
	
	NEW YORK (VENTUREWIRE) -- An item in Thursday's VentureWire about the opening 
of a San Francisco office by Optical Capital Group incorrectly cited Max 
Struabe, the new president and managing director of private equity at 
Optical, as the former head of W.R. Hambrecht + Co.  Mr. Straube was 
previously the head of corporate finance and equities at W.R. Hambrecht + Co. 
	
	
	company index
	top
	
	@Viso, Agilent Technologies, All-Hotels, Antepo, Aprilis, Attenda, Be 
Connected, co.brand.it, Commerx, Corcentric, CraniaMedia, Digital Harmony, 
Emulex, FastTide, Giganet, Global Internet Ventures, Greenlight.com, IncuVest
, Interactive Information, Liquid Audio, Monterey Design Systems, MyCity.com 
Holdings, nCoTec, OpenWorlds, PeopleBonus.com, Points.com, ProjectGuides.com, 
Quivox Systems, Radiant Communications, ROAM, Scour, Static Online, Talking 
Drum, Velio Communications, Verano, Virus112.com
	
	
	Optix 2001 Features Creme de la Creme of the Industry
	
	Ask yourself: if Patrick Nettles, Chairman and CEO of Ciena,
	and Kerry Vahala, Professor of Applied Physics at the
	California Institute of Technology, are speaking at Optix
	2001, shouldn't I register to attend? It's been labeled the
	"must-attend" event of the year and is certain to be the
	optimal chance for networking with key players in the industry.
	
	In addition, 48 CEOs representing the best and brightest
	private optical communications companies will expound their
	business plans and future goals to others in the industry.
	
	Participation at this event is subject to approval and is
	limited to senior executives involved in the optical com-
	munications industry. For your registration pack, link 
to:http://www.optix2001.com/
	
	
	investor index
	top
	
	3i Group, Ben Franklin Technology Partners, Capital Research Management, 
Cascadia Capital, Cisco Systems, Compaq Computer, DLJ European Private 
Equity, EMerchant Capital, Encompass Ventures, Fidelity Management and 
Research, GrowthWork Capital , Infineon, Kaufmann Fund, LSI Logic, Motorola 
Ventures, Pan Pacific Ventures, Pangaea Partners, Rho Management, Sapling 
Foundation, Scottish Equity Partnership, Sevin Rosen Funds, Star Ventures, 
Texas Pacific Group, The Royal Bank of Scotland, UBS Capital, Vexter, Walsin 
Lihwa, Zero Stage Capital
	
	
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