business.com with 10 mio cash infusion

Filed in archive Venture Capital on November 8, 2004

While I certainly like the business model of business.com I wonder for they do with all the money. I mean the directory is built up and the site is out there for some time.

"This new round of funding will enable Business.com to invest in technology infrastructure, product development, and sales and marketing to meet the growing market demand for its vertical business search capabilities. Business.com joins the impressive list of Benchmark Capital investments that includes eBay, Red Hat Software, Handspring and Juniper Networks. The Venture firm has more than $2 billion in committed capital.


Business.com was founded in 1999 on the concept that the information needs of business professionals are different from those of consumers," said Jake Winebaum, CEO and founder of Business.com. "We've focused solely on this large and valuable market segment for the last five years, fine-tuning our service and laying the foundation for what's become a strong, profitable, and fast-growing business. Benchmark's investment now allows us to accelerate our product development and expand our sales and marketing efforts."

But it seems internet publishing is not so much out of vogue for Benchmark Capital, isn't it.