In my annual tech M&A predictions for The Deal last year, I suggested that TellMe Networks would be the biggest VC exit of 2006. Clearly, I was wrong. But, perhaps, I was just one year too early.
TellMe released a new mobile information product today that could be the beginning of a buzz buildup culminating in an IPO later this year.
For the investors that poured in $238 million into the privately held startup from 1999 to 2001, a successful IPO couldn't happen a day too soon. Shareholders include Attractor, Amerindo Investment Advisors, Bowman Capital, Essex Investment Management, Ignition, Van Wagoner, Benchmark Capital, Kleiner Perkins Caufield & Byers, The Barksdale Group and AT&T.
For more on TellMe, see:
TechCrunch
Business Week
Tags: tellme, vc, kpcb, venture+capital
Continue reading below
238m In?!? thats not a typo is it? for a software company? unless they've discovered time travel, in which case an IPO is totally unnecessary, what in God's green earth did they use the money for. I know the space - those A/B & Z rounds must have had some hypnosis component to them.