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VC Buzz - $257.92+ Million in Today's Deals - Page 9

By Mary Evelyn Arnold   |    December 14, 1999
Page 9 of 12   |   Back to Page 8

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Mohr, Davidow Ventures Invests in Shutterfly

MENLO PARK, Calif.-- Mohr, Davidow Ventures invested in Shutterfly, a new company that has launched an all-digital photo printing service. Chaired by Jim Clark, Shutterfly takes images from digital cameras and delivers 35mm-quality prints to the doorsteps of photographers, their friends and families. George Zachary, general partner at MDV, helped build Shutterfly from the ground up with Jim Clark and the company's founding team and now serves on the company's board. MDV and Clark are the co-investors in the company.

http://www.shutterfly.com

http://www.mdv.com



campsix Closes Series A Financing

SAN FRANCISCO-- A team of Internet industry veterans launched campsix Inc., an Internet incubator to address the needs of Internet entrepreneurs in the heart of Silicon Valley - San Francisco. campsix will provide portfolio companies' seed capital and office infrastructure as well as transition services to next round funding and new office space. Since its inception in October, campsix has signed on its first "incubatee" College411, closed Series A financing and secured its initial portfolio investments: Red Ladder, Best Self and Get Connected.

http://www.campsix.com



Starbucks Invests in Online Cookware Retailer Cooking.com

SANTA MONICA, Calif.-- Cooking.com, an online retailer of cookware and specialty foods, received an equity investment from Starbucks Coffee Co. (Nasdaq:SBUX). In addition to the equity stake, the two companies have developed a strategic operating agreement making Cooking.com the exclusive cookware merchant featured within starbucks.com. Terms were not disclosed.

http://www.cooking.com



BEA and Warburg, Pincus Form New Company

SAN JOSE, Calif. -- BEA Systems Inc. (Nasdaq: BEAS) and Warburg, Pincus Ventures, the investment firm which funded BEA, have joined forces to form an independent company to focus on developing "power tools" that simplify and accelerate e-commerce software development. In its first move towards that goal, the BEA/Warburg, Pincus company has signed a definitive agreement to acquire the VisualCafe product line of Symantec Corp.'s (Nasdaq: SYMC) Internet Tools Business Unit. Personnel of the Internet Tools Business Unit will join the new company. The BEA/Warburg, Pincus company has agreed to fund the purchase from Symantec through a one-time cash payment of $75 million.

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