Austin Ventures provides eyebrow-raising $50M to nascent enterprise social software company
Austin Ventures is pumping $50 million into a company, as yet without a name, that wants to somehow provide social software to enterprises. The founder, and apparently the reason for the large round, is Jeff Dachis, best known as the cofounder of 90’s era web consultancy company Razorfish, that lost billions in market value when the dot-com bubble burst. For a brutal but interesting recap of Dachis’ career, see Valleywag.
I’ve been hearing a lot enterprise… Continue Reading