Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million
Gust
NOVEMBER 4, 2011
MySpace was incubated by a small team of employees within Intermix in 2003 (Chris DeWolfe, Tom Anderson and four others). VantagePoint Venture Partners came to the rescue in late 2003 with an infusion of $15 million in capital, adding Andrew Sheehan (now at Sutter Hill Ventures ) and David Carlick (now at Rho Ventures ) to the Board.
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