AllBusiness.com

AllBusiness.com is a private venture capital backed company that provides business information and resources for small businesses, those companies with fewer than 500 employees. The company also conducts research to measure the health and direction of the small business sector.

History

AllBusiness was founded in 1999 and within a year grew to more than 100 employees.[3] It was acquired by NBCi, the Internet venture of NBC, a subsidiary of General Electric, in March of 2000 for $225 million USD.[4] At the time, it was one of the largest purchases of a Dot-com company. NBCi merged AllBusiness with an independent Internet company, BigVine.com, in November 2000 and the combined entity assumed the name AllBusiness.[5]

AllBusiness remained in business through April 2002 until being broken up and sold to various buyers, including the company’s original founder who bought back the core assets of AllBusiness at that time.[6]

AllBusiness is one of the few companies that survived the early Internet frenzy, the burst of the Dot-com bubble and a slow recovery of the Internet publishing industry.[7] AllBusiness raised $10 million USD in a series B round of venture capital funding in July 2004 [8] and $12.4 million USD in a series C round of funding in February 2006.[9] Today AllBusiness.com employs nearly 40 employees and offers more than a million business articles online.

External Links

AllBusiness.com

References

1. ^ Payne, Michelle (2006-02-08). The State of the (Business) Union.
2. ^ Raleighing (2006-11-28). Triangle Ranks #1 for Women Entrepreneurs.
3. ^ New York Times (2000-02-02). COMPANY NEWS; NBC INTERNET AGREES TO BUY ALLBUSINESS.COM.
4. ^ Sandoval, Greg (2000-02-01). NBCi agrees to acquire AllBusiness.com.
5. ^ Small biz site puts assets up for sale (2006-03-15).
6. ^ Brown, Steven E.F. (2004-11-12). Biz portal AllBusiness.com wakes from deep sleep.
7. ^ Sanders, Adrienne (2004-07-29). Business portal, back from the dead, hires online media veteran.
8. ^ AllBusiness.com Announces $10 Million Venture Financing (2006-03-15).
9. ^ Morrissey, Brian (2006-03-15). AllBusiness.com Raises $12 Mil. in Funding.
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A small business may be defined as a business with a small number of employees. The legal definition of "small" often varies by country and industry, but is generally under 100 employees in the United States while under 50 employees in the European Union (In comparison, the
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National Broadcasting Company

Type Broadcast television network
Country  United States
Availability    United States, also distributed in Canada, Mexico, Bermuda and the Caribbean
Founder David Sarnoff
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General Electric Co.

Public (NYSE:  GE )
Founded 1878 in Menlo Park, New Jersey
Founder Thomas Alva Edison
Headquarters Fairfield, Connecticut,[1] USA

Key people Jeff Immelt, Chairman & CEO
Keith Sherin, Vice Chairman, CFO
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The "dot-com bubble" was a speculative bubble covering roughly 1995–2001 (with a climax in 2000) during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields.
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