Ancestry.com launches DNA testing, gets $300M investment
updated
The Generations Network, operator of Ancestry.com has just received $300 million from Spectrum Equity Investors, a Silicon Valley buyout firm, which will take a majority stake in the company.
Ancestry.com has also just launched DNA testing of its 5 billion records, so that family members can resolve mysteries about their ancestors, i.e., find out for sure who they are and are not related to. This is smart, because it exploits peoples’ keen interest in their own… Continue Reading
Demand Media raises $100M more for domain name land grab
Demand Media, the 18 month old company founded by former MySpace chairman Richard Rosenblatt, has gulped another $100 million chunk of venture funding for its domain name purchases.
The latest funding, led by Goldman Sachs, is the company’s third. The previous two, for $120 million and $100 million respectively, bring the total to a whopping $320 million.
Companies like Demand buy up lists of Web site names that users are likely to accidentally type into their browsers…. Continue Reading