Lycos Ventures, an investment fund created by Lycos Inc. and a group of partners, made its
first investments, in LifeMinders.com, a provider of free personal e-mail
reminders, Conducent, a provider of free software and Fogdog Sports, a
sporting goods e-tailer.
Lycos Ventures was created to identify and fund promising new companies with
technology and content offerings that will add value to the Lycos Network and
the Internet industry at large.
Lycos Ventures has invested a total of $8 million in LifeMinders.com,
Conducent and Fogdog Sports.
In addition to this funding, LifeMinders.com and Conducent have strategic
relationships with Lycos to provide content to the Lycos Network.
“At Lycos Ventures, our investment strategy involves identifying breakout
companies and then offering a road to success by combining funding with
distribution on the Lycos Network,” said Dennis Ciccone, managing director of
Lycos Ventures.
“By providing critical capital along with Lycos know-how and
audience reach, we feel strongly that these companies will become shining
stars.”