Making a mark: The Haas School alumni in e-commerce
and internet ventures
About one in seven Haas School 1999 MBA graduates entered careers in the
Internet/e-commerce industry. The class has produced more entrepreneurs --
most of them in dot.coms -- than any other class in Haas School history.
Here are some of the Internet startups that were launched by Haas School
entrepreneurs in the last few years.
CompareNet, which offers consumer product information and pricing
comparisons, was founded by Trevor Traina, MBA 96. Microsoft recently bought
CompareNet for $100 million.
The Big Network, a company developing games that attract viewers to
their clients’ web sites, was founded by Steve Sellers and John Hanke, both
Haas School MBAs 96. The Big Network recently was acquired by eUniverse for
$17.1 million. The Big Network is Seller and Hanke’s second startup. Their
first Internet game company, Archetype sold for $7 million in 1997, within a
year from their graduation.
MyPoints, formerly called Intellipost, rewards customers for visiting
web sites and reading email messages that contain product information by
various advertisers. The company was founded by a team of five Haas School
MBAs who graduated in 1996.
Jed Katz, MBA 95, founded Rent Net and sold it for $3 million to
Cendant Corporation before he even graduated.
Inktomi, which markets the Hotbot search engine and a variety of
Internet software applications, was the creation of Eric Brewer from the
College of Engineering and Kevin Brown, Haas School MBA 96.
Andre Marquis, also a Haas School MBA 96, was a founding member of
Cybergold, which rewards Internet customers for reading ads targeted to
them.
Timbre Technologies was the winner of the Haas School’s first annual
Business Plan Competition in 1999, and recently received $300,000 in seed
funding from Sevin Rosen Funds, one of Silicon’s most highly respected VC
firms. Sevin Rosen will also incubate Timbre Technologies at their office in
Palo Alto, a special bonus, considering that Sevin Rosen only incubates one
venture at a time. Timbre Technologies markets a software that, according to
some of the VCs participating in the B-Plan Competition, will save
semiconductor manufacturers billions of dollars in improving their
manufacturing, quality, and time-to-market processes.
Rich Roberts and Mitchel Harad founded GetRelevant in March of this
year. GetRelevant just closed a venture capital-led seed financing round in
June and will soon finish a $5,000,000 Series B offering. GetRelevant
distributes hundreds of promotional offers (like two free months of leading
magazines or discounts at leading retailers) across a diverse and wide
reaching network of popular web sites.
Senior Marketing Director Gleb Budman at kendara said that they
received $7 million in funding in the summer of 1999. With their business plan
still under wraps, all he could say is that kendara is creating tools to
enhance community on the internet.
Chuck Kao, director of marketing at Portal Wave , announced that
they have received seed round financing from an early-stage venture fund and
are growing quickly. Portal Wave is working quickly to define the
next-generation enterprise portal, so more developments should come
soon.
RedLadder secured its funding from 21st Century Internet Venture
Partners in October 1999. The venture, which was co-founded by Steve Peletz
and James Hong and was later joined by classmate Drew Parker Rose, offers a
construction portal and e-commerce site for professional construction cost
estimators, project managers, and property managers.
Over at zipRealty.com, which raised approximately $2,000,000 in the
summer of 1999, the first online transactions were successfully completed in
October; and their first customers have already moved into their new homes.
The company has just expanded to Southern California, and expects to go
national soon. Founded by Juan Mini and Scott Kucirek, the company also
employs classmate James Cook.
[Other
e-preneurial Haas School alumni]
[E-commerce courses at the Haas School for MBA students]
[E-commerce courses at the Haas School's Center for Executive Development]
[E-commerce courses at the Haas School for undergraduate students]
[E-commerce courses elsewhere at UC Berkeley]
[E-commerce home page]
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