boxonline
SAN FRANCISCO: Some technology-savvy venture capitalists are making a big bet on a promising Internet company run by a 26-year-old college dropout in Palo Alto, California. Only this time, the object of their financial affection isn’t Facebook and its CEO Mark Zuckerberg.
It’s Box.net, a startup that offers online storage lockers for personal and corporate information. The privately held company is getting US$48mil (RM154mil) from a group of investors and financiers, which include two of Facebook’s major shareholders: Venture capital firms Meritech Capital and Andreessen Horowitz.
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