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Article: The Motley Fool Announces $30 Million in Venture Capital Financing; Softbank, AOL Time Warner Ventures, Maveron, and Mayfield Fund Contribute to Fool's Second Round.
- Article from:
- Business Wire
- Article date:
- January 30, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ALEXANDRIA, Va.--(BUSINESS WIRE)--Jan. 30, 2001
Softbank Finance Group, AOL Time Warner Ventures, Maveron, and Mayfield Fund have invested a total of $30 million in a second round of financing for The Motley Fool, Inc., the Alexandria, VA-based multimedia personal finance company announced today.
"We're fortunate to have such Foolish partners as Maveron, Mayfield, AOL Time Warner, and Softbank," said David Gardner, who co-founded The Motley Fool with his brother, Tom, in 1994. "Like us, they believe in investing for the long term. The Fool is almost seven years old--an eternity in Internet years--but in so many ways we're just ...