When Webroot Software Inc. , an anti-spyware company in Boulder, Colo., raised $108 million in venture capital in February, some of it financed business expansion and some went directly into the pockets of company founders Steve Thomas and Kristen Talley, both of whom own shares of the company but neither of whom actually works there. Known as a "founder sale," the practice of VC capital bankrolling vacation homes along with building new products and sales teams is detailed in an article in the Friday, Aug. 5, New York Times. — Kate Gibson
Go to Webroot's funding story from The Deal
Go to story from The New York Times
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