JobsOnline Secures $10 Million Financing; Leading Internet Career Site to Use Funding for Development and Expansion.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 8, 2000 JobsOnline.com, Inc., the most-visited career site on the Internet, today announced it has secured $10 million in venture capital, including funding from First Analysis Venture Capital, which led the round, and William Blair
"We're thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to have such strong strategic partners," said Peter I. Mason, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of JobsOnline. "The contributions from First Analysis and New World Ventures will go well beyond their financial commitments -- both firms clearly understand this space and will contribute to our ongoing success." JobsOnline also announced the addition of three board members. James Macdonald The name James MacDonald may refer to
"We look forward to working with the strong management team at JobsOnline to help them build on their leadership position in a very attractive market," said Maxwell. "We were able to move very quickly with this transaction, largely due to the excellent execution by the company's senior management." Lisa Flashner, of William Blair New World Ventures, added, "JobsOnline has already outpaced its competitors in what we believe is a market with significant future growth opportunities. With strong strategic and financial backing, we expect JobsOnline to continue to build on its leading site on the Internet." "JobsOnline is the leading job-related site in the U.S. It taps an under-represented segment of the job market by offering employers the chance to post positions for free," said Macdonald. "Our investment will enable JobsOnline to further improve the site and add content, driving growth and helping it further develop its business model." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Media Metrix data for July, 2000, JobsOnline ranked first among Internet career sites, based on the number of unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. . About First Analysis Venture Capital First Analysis Venture Capital (www.firstanalysisvc.com) is a leading early-stage venture investor. With more than $600 million in capital under management, FAVC FAVC Fort Ancient Valley Conference (Ohio) FAVC Florida Association of Volunteer Centers has funded over 150 successful companies, providing the infrastructure for an enhanced business-to-business environment. FAVC plays an active role in developing and scaling early-stage companies by providing entrepreneurs with assistance in strategy and corporate development, business development and alliances, as well as financing events. FAVC's investment professionals are located in Chicago and Silicon Valley. Other FAVC investments include: Exodus Communications Exodus Communications was a high-flying internet hosting and service provider to dot-com businesses that went broke along with their customers. Exodus inception Exodus was founded in 1992 as Fouress, Inc., and reincorporated in 1994 to Exodus Communications. , Inc. (Nasdaq:EXDS), Ariba, Inc. (Tradex) (Nasdaq:ARBA), Network Commerce, Inc. (Nasdaq:NWKC), ValiCert, Inc. (Nasdaq:VLCT VLCT Vermont League of Cities and Towns ), Witness Systems, Inc. (Nasdaq:WITS), and EmployeeService.com. About William Blair New World Ventures, L.P. William Blair New World Ventures is a $100 million venture capital fund created through a strategic alliance between William Blair Capital Partners, L.L.C., William Blair & Co. and New World Ventures. The fund, led by New World Ventures Managing Directors J.B. Pritzker, Chris Girgenti and Lisa Flashner, invests in early-stage B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , networking and technology infrastructure companies. New World Ventures is a Chicago-based venture capital firm that has invested in early-stage technology companies since 1996. WBNW is the firm's third fund. New World Ventures' investment portfolio includes Away.com, BulkMarkets.com, eCollege.com (Nasdaq:ECLG), eppraisals.com, Tavve Software Company, iLink Global and others. For more information visit www.newworldvc.com. About Jobsonline.com JobsOnline.com is the leading career site on the Internet and the only major career site that is free to both job seekers job seeker also job·seek·er n. One who seeks employment. and employers. Headquartered in Chicago, the company was founded in 1999 and has rapidly become a top 50 Internet site. www.jobsonline.com |
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