January 22nd, 2008

ATG Buys CleverSet For $10 Million

Last October, at the Web 2.0 Launch Pad, the startup voted “Most Likely to Exit First” was CleverSet. Now three months later, CleverSet has sold itself to e-commerce software company Art Technology Group (ATG) for $10 million. It turns out to be a nice exit for CEO Todd Humphrey and founder Bruce D’Ambrosio, who built the company with about $3 million in capital and a $500,000… → Read More

October 18th, 2007

Dispatch From the Web 2.0 Launch Pad

Today’ Web 2.0 Summit ended with a Launch Pad session where six startups each got six minutes to pitch their companies to the crowd and a panel of venture capitalists. Here’s a thumbnail sketch of each with my initial impressions (For a more thorough take on these startups from a real venture capitalist, read Christine Herron’s post): CleverSet—Best of Show went to CleverSet, a… → Read More