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myteam.com Announces Second Round of Financing, Raising over $37 Million.


Business/Technology Editors

WOBURN, MA--(BUSINESS WIRE)--March 27, 2000

Canaan Partners Leads Financing; Hockey Legend

Bobby Orr Noun 1. Bobby Orr - Canadian hockey player (born 1948)
Orr, Robert Orr
, Football Great Bernie Kosar Bernard Joseph Kosar, Jr. (born November 25, 1963 in Youngstown, Ohio) is a former American football quarterback in the NFL who played for the Cleveland Browns from 1985 to 1993 and then finished his career with stints with the Dallas Cowboys and Miami Dolphins.  and The

NFL Quarterback Club NFL Quarterback Club is a Super Nintendo Entertainment System game to feature quarterbacks from the NFL. Troy Aikman and Warren Moon are two examples of what players can use during the game.  Join as Investors

Myteam.com (www.myteam.com), the leading online center for amateur sports The of this article or section may be compromised by "weasel words".
You can help Wikipedia by removing weasel words.

Amateurism (from Fr.
 communities, today announced the closing of its second round of financing, with funds raised totaling over $37 million. With this second round, myteam.com has raised over $50 million in financing within the last eighteen months. Myteam.com will utilize these funds for continued site expansion and marketing purposes.

The $37 million financing was led by Canaan Partners and includes investments from Charles River Charles River

River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge.
 Ventures, North Bridge Venture Partners, Trident Capital, Comdisco, Inc., Creative Technologies, Inc, BankBoston Ventures, Dominion Ventures, Shamrock Capital Advisors (the investment arm of the Roy Disney Roy Disney can refer to two different people:
  • Roy Oliver Disney (1893-1971) was Walt Disney's older brother and the financier of his efforts.
  • Roy Edward Disney (1930–) is Roy Oliver's son and Director Emeritus of The Walt Disney Company.
 Family), The Quarterback Club and Cleveland Pacific Equity Ventures. Every venture partner who contributed to myteam.com's initial financing has significantly increased its investment in this second round. Myteam.com has also added several prominent individual investors from the sports and media world, including Bobby Orr, ML Carr, John Smith, Bernie Kosar and Larry Rawson.

"The response from the investment community was extremely enthusiastic," commented Elliot Katzman, 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 myteam.com. "Our vision of connecting amateur sports fans everywhere through a universal online community has resonated with people not only emotionally, but as a solid business model as well." "Myteam.com recognizes the passion and loyalty of athletic involvement on any level - as a player, parent, coach or fan - and invites everyone with a love of amateur sports to become part of the myteam online community," added Boston Bruin Hall of Famer Bobby Orr. "In many ways, it is as rewarding to be a coach and parent as it is to be part of a Stanley Cup Stanley Cup: see hockey, ice.
Stanley Cup

Trophy awarded annually to the winning team of the National Hockey League championship. Named for its donor, the Canadian governor-general Frederick Arthur Stanley, Lord Stanley of Preston
 winning team."

Myteam.com was founded in May 1999 with a mission to be the leading interactive community for amateur sports families. The company quickly forged an exclusive partnership as the official online community and service provider of Little League Baseball. In August 1999, myteam.com merged with Youth Sports Network, becoming the leading online center for amateur sports. Today, in addition to Little League Baseball, myteam.com has exclusive relationships with Amateur Athletic Union The Amateur Athletic Union, widely known as the AAU, was formed in 1888 to sponsor US teams and players in a wide variety of sports, and has sponsored many tournaments throughout the United States. , Amateur Softball Association, Police Athletic League The Police Athletic League (PAL) is an organization in many American police departments in which members of the police force coach young people, both boys and girls, in sports, and help with homework and other school-related activities. , Youth Basketball of America and other premier athletic organizations. CEO Elliot Katzman has recruited key senior executives from Reebok Ree´bok`   

n. 1. (Zool.) The peele.
, Lotus Development and the NHL NHL Non-Hodgkin's lymphoma, see there  to create a dynamic and experienced senior management team.

Myteam.com launched a successful preview site in August 1999; since then, the website has evolved through ongoing enhancements into the multi-layered content site in place today. The official community site launch will offer expanded functionality that will enable athletes and family members to connect with each other in unparalleled ways. The company will be releasing more details on these groundbreaking site developments in the coming weeks.

"In a very short period of time, myteam.com has made great strides, and that growth will be significantly accelerated by this round of funding," added Stephen Green Stephen Green, Steve Green and Steven Green may refer to:
  • Stephen Green (banker)
  • Stephen Green (Christian Voice)
  • Stephen Green (politician) - Democratic member of the Vermont House of Representatives
, General Partner of Canaan Partners. "With a strong management team in place, exclusive relationships with prominent amateur athletic organizations, and exciting new technical developments on the way, myteam.com is uniquely positioned for success."

Bernie Kosar, chairman of The Quarterback Club, added, "I am thrilled to be involved with myteam.com because the company exemplifies the values The Quarterback Club strives to promote. It is very rewarding to be part of a company that encourages youth fitness and sportsmanship, promotes and facilitates family participation, and is committed to enriching youth sports by making athletes who are solid role models accessible to everyone."

About myteam.com

Founded in 1999, myteam.com, the leading online center for amateur sports, is the world's first Internet site dedicated to serving the needs of the sports family and the entire amateur sports community -- players, parents, fans, coaches, league administrators and officials.

Myteam.com has already signed exclusive multi-year agreements with premier youth sports organizations such as Little League Baseball, Amateur Softball Association, Amateur Athletic Union, Police Athletic League, Youth Basketball Organization of America, and many others. The site is also a supporting online partner of Major League Baseball's Reviving Baseball in the Inner Cities program. Myteam.com's potential audience is comprised of the hundreds of millions of people involved in amateur sports worldwide; the company's exclusive relationships, which include more than 30 sports, give myteam.com exclusive access to more than 10 million sports participants and 30 million community members.

About The NFL Quarterback Club

The NFL Quarterback Club is a group of many of football's top players that have banded together for a wide range of activities. One important component of the club is its commitment to giving back to the community by supporting worthwhile youth organizations and encouraging sportsmanship and teamwork. The Quarterback Club, which includes not only quarterbacks, but other top league players as well, collectively represents some of the strongest talent in the NFL NFL
abbr.
National Football League

NFL (US) n abbr (= National Football League) → Fußball-Nationalliga
, and currently consists of 43 members, including Troy Aikman, John Elway, Boomer Esiason, Dan Marino, Warren Moon, Steve Young and chairman Bernie Kosar.
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Publication:Business Wire
Date:Mar 27, 2000
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