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Netscape Founder Takes Loudcloud Public

     
5:06 pm on Mar 7, 2001 (gmt 0)

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Loudcloud's backers are also gold-plated. Among its investors is Benchmark Capital the Midas-touch venture capital group. It famously took a 25 per cent in Ebay for just $6.5m in 1997, a stake which at one point was worth $5bn. Mr Andreesen's company, based in Sunnyvale California, also has the backing of Silicon Valley's top investment banks, including Goldman Sachs and Morgan Stanley who will be lead managers for the offer, as well as Thomas Weisel Partners and Epoch Partners.

Story here [news.ft.com]

Loudcloud Website [loudcloud.com]