| BUSINESSWEEK ONLINE : JULY 26, 1999 ISSUE | ||||||||
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| BUSINESS WEEK E.BIZ -- NET WORTH
The New Venture Capitalists for the New Economy ATHLETES: Ronnie Lott and Harris Barton, two former San Francisco 49er football players, are raising $30 million from other pro athletes so they can cash in on the tech boom. Joe Dumars, the former Detroit Pistons star, has signed on as a special limited partner at Invescare Partners, a backer of medsite.com, where doctors can buy supplies and swap information. FASHIONISTAS: Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton, has been one of the most aggressive European investors in E-commerce. Fashion doyenne Martha Stewart and a group of investors are spending $37.5 million to build Fragrance Counter into a health and beauty portal. INSIDERS: This year, KPMG Peat Marwick has made venture investments averaging $1 million in six companies, including software developer Active Software Inc. and Net solutions provider Silknet. Its typical deal: Backing companies whose technologies KPMG sells to its customers. Andersen Consulting also is using its insider role to invest in promising upstarts, such as Web-software maker ChannelPoint. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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RELATED ITEMS Everybody into the Venture Capital Pool TABLE: The New Venture Capitalists for the New Economy TABLE: Big Money Grabbers CHART: A Hot Growth Business: Venture Capital INTERACT E-Mail to Business Week Online | |||
