Guru.com Raises $16 Million in Second-Round Financing

Guru.com, an Internet startup focused on
serving the needs of independent professionals, said it has secured $16
million in second-round financing.

The financing was co-led by Greylock and August Capital, and also included
several individual investors. This financing follows a $3 million first round
that closed in July 1999.

Guru.com provides community, advice-oriented content, job-matching and deals
on products and services to solo professionals. The second-round financing
will be used for team building, product expansion, and marketing to increase
Guru.com’s reach, the company said.

Joining the Guru.com board will be Andrew Anker, partner at August Capital
and founder and former CEO of Wired Digital, along with Aneel Bhusri, partner
at Greylock and vice chairman of Peoplesoft.

“Millions of people are leaving the corporate world to work for themselves.
Guru.com is extremely well-positioned to capture the spirit and loyalty of
this massive and rapidly growing market,” said Anker.

“Both Andrew and Aneel impressed us with their integrity, commitment,
and relevant operating experience,” said Jon Slavet, Guru.com CEO. “They
bring valuable new perspective to the board, and they’ll help us continue
along the path of building a great company.”