Skype provides record return on capital
Summary
Venture capitalists have made record profits on their investment in Skype, the Luxembourg-based internet telephone group bought by eBay, the US online auction company, for $4.1bn (€3.3bn) last week. Bill Draper, a partner at Draper Richards, the San Francisco-based venture firm, told Financial News last week: "This was the best return Ive ever had." Draper and his partner Howard Hartenbaum were the first outside investors in Skype and personally invested about $250,000 in 2002 for a 5% stake. The report said Skype...
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EduTech - institutions
applications
Collaboration & Communication
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Linked Companies
Skype
$100M to $250M