Article: El Dorado Ventures Forges Ahead in Internet Commerce Contributing to Financial and Business Success of Start-ups; Former VeriFone Executive to Lead Internet Commerce Initiative.

MENLO PARK, Calif.--(BUSINESS WIRE)--Sept. 15, 1998--Recognizing the market potential of Internet commerce as it grows from $8 billion in 1997 to its anticipated $333 billion by 2002, El Dorado Ventures, an early stage venture capital firm, announced today an aggressive initiative to identify, fund and mature emerging Internet commerce technology companies. Former VeriFone executive, George Hoyem, will lead El Dorado's Internet commerce initiative to help the firm generate more client success stories like those of EarthLink Network Inc., Pilot Network Services, POET Software and Women.com Networks.

El Dorado's creative technique of bridging the Bay area ...

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