1. $14 million, solid board boost TeamOn.com file:///C:/Users/Erist/Desktop/JOBS/Publicity%20Samples/TeamOn%20...
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$14 million, solid board boost TeamOn.com
Business
VC Notebook Wednesday, January 26, 2000
Layoff Tracker
Bill Virgin By JOHN COOK
Personal Finance SEATTLE POST-INTELLIGENCER REPORTER
AP Biz Wire
AP Tech Wire
Boeing
TeamOn.com is still a month away from beginning its e-mail-based
Microsoft messaging system for small businesses, but that did not stop some
Video Gallery heavyweight financial backers from putting their muscle behind the
A&E
Bellevue start-up.
Lifestyle
NW Outdoors
Photos Founded 10 months ago by former MSN executive Shirish Nadkarni,
Special Reports TeamOn.com (formerly 123Office.com) has raised $14 million in venture
capital from Internet Capital Group and Madrona Venture Group.
COMMENTARY
Opinion
Columnists
In addition to the second round of funding, the company announced that
Letters Hotmail founder and former chief executive Sabeer Bhatia, Internet
David Horsey Capital Group managing director Sam Jadallah and former Microsoft vice
Forums
president Pete Higgins have joined the company's board of directors. The
COFFEE BREAK company's board of advisers includes former Starwave chief executive
Comics & Games Mike Slade and Inktomi chief financial officer Jerry Kennelly.
Mike Mailway
TV Listings Madrona's Tom Alberg, an early backer of Amazon.com and
SHOPPING
HomeGrocer.com, calls TeamOn.com one of his firm's "signature
NWclassifieds investments for 2000."
• Jobs
• Autos With plans to start next month, TeamOn.com is trying to create a
• Homes
• Rentals
communications hub on the Internet for small to midsized businesses.
• Place an Ad Employees, customers and business partners will be able to communicate
NWsource with one another through the free e-mail-based system provided by Team
• Coupons
• Online Shop On.com. The company, which says the system takes about two minutes
P-I ANYWHERE for a subscriber to set up, plans to make money by charging fees for HEADLINES
E-mail Newsletters additional online services needed by small businesses. It did not disclose
Area housing market is
PDA what those services would be. white hot
Cell Phones
Desktop
"E-mail has become the language of communication for businesses, and it It may be a good time to
refinance
is really at the crux of what makes a business more productive," said
Nadkarni, an 11-year veteran of Microsoft who was responsible for the Ports remain shut down,
but 'some' progress in talks
software giant's acquisition of Hotmail in 1998.
OUR AFFILIATES
Port of Seattle to close
warehouses, lay off 176
The company, with 30 employees and a branch office in Pune, India, is
one of a number of Seattle-area tech companies looking to sell online Overseas traders feeling
port dispute
services to small-business owners. Eastside start-ups vJungle.com and
Vista.com as well as established players such as Microsoft and Go2Net Retailers fear unhappy
holidays
are aggressively targeting the estimated 7.3 million small businesses in the
country. Architect's moonlighting job
is a big draw
Nadkarni, a native of Bombay, India, who has a master's degree in Forest products companies
not united
business administration from Harvard, realizes it is a competitive
landscape. But he believes the company has the right team in place. Airlines may have to make
seats stronger
In addition to Nadkarni, former Netscape development manager Shaibal Organic food companies
Roy and former Attachmate chief technology officer Dean Kimball have upset by FDA missive
1 of 2 9/19/2008 1:30 AM

2. $14 million, solid board boost TeamOn.com file:///C:/Users/Erist/Desktop/JOBS/Publicity%20Samples/TeamOn%20...
joined the company to lead technology efforts.
Keep your car until the
wheels fall off
Ajoy Banerjee, a marketing expert who was instrumental in Intel's "Intel
Business Digest
Inside" branding campaign, will oversee marketing and business
development.
P-I reporter John Cook can be reached at 206-448-8075 or
johncook@seattle-pi.com
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