SOFTBANK Venture Capital's Technology Fund Invests in DoDots, Inc.
SOFTBANK Venture Capital, which manages venture capital funds focused primarily on early-stage Internet companies, today announced it has made a first-round investment in DoDots, Inc.
Heidi Roizen, managing director for the fund, will join the company's board of directors.
DoDots(TM) technology enables users to access and manage live Internet content from multiple online companies at the same time by organizing a collection of Dots(TM) -- free-floating mini-sites -- on the desktop. These "Dots" are a fraction the size of full-screen Web pages, allowing users to "Do" multiple things on the Internet, such as trade stocks, bid on auctions, monitor breaking news, and check online orders, while working in other desktop applications.
Unlike the full-screen document model of the Web which forces users to a single page at a time, DoDots enables onthe user of certain content events, such as reaching a particular stock price, sale price, or auction bid.
"DoDots has the potential to revolutionize the way people use the Internet. They have created a very powerful technology for bace, as well as a rich and robust organization ur team."
About DoDots, Inc.
Palo Alto-based DoDots, Inc., was founded in early 1999 by twin brothers George and John Kembel, and Tony Medrano. For more information, visit www.dodots.com.
About SOFTBANK Venture Capital
SOFTBANK Venture Capital (SOFTBANK VC) manages venture capital funds focused primarily on early-stage Internet companies. SOFTBANK VC's technology fund directors are all experienced technology leaders with prior operating experience as founders of early-stage companies, senior managers of major technology corporations, and leaders in investment banking.
SOFTBANK VC's past and current portfolios include public Internet companies such as Critical Path, E-LOAN, GeoCities, Interliant, MessageMedia, Net2Phone, and TheStreet.com.
About SOFTBANK Corporation
SOFTBANK Venture Capital is an affiliate of SOFTBANK Corporation, the world's leading Internet investor. Through its ownership positions in over 100 Internet companies and its unique Internet-zaibatsu (NETBatsu) management concept, SOFTBANK Corporation creates market synergies for its family of companies on a global scale.
SOFTBANK Corporation is the largest shareholder in leading Internet companies such as Yahoo!, E
RADE and ZDNet, and has launched more than ten Japanese joint ventures with U.S.-based Internet companies such as Cisco Systems, Yahoo!, E*TRADE, GeoCities, CarPoint, and OnSale. SOFTBANK Corporation and its affiliated funds, SOFTBANK Venture Capital and SOFTBANK Capital Partners, and its international partners, News Corporation and Vivendi, will back a company from seed stage to global presence. For more information, visit www.sbvc.com or www.softbank.com.
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|Date:||Oct 13, 1999|
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