…after Webroot announced their $108M round of financing, I tried to find all of the VC investment rounds in history that have been at least $90M or more. The three that I found on VentureSource indicate that the track record for $90M+ VC rounds into Software companies is more like a trail of tears. All three of the companies I identified have either gone out of business or have been merged/acquired after they have become shadows of their former selves.
The Fate of Over-Financed Software Firms
By February 8, 2005 · ··