Internet Company: eGroups (YHOO)
Company Ovierview
eGroups provides a comprehensive communication platform for groups and communities to send and receive emails, schedule meetings, share files and photos or initiate private chats. When acquired by Yahoo! (NASDAQ: YHOO) in June 2000, eGroups.com hosted over 600,000 groups with a total of more than 14 million members.
BV Insight - Why is this company interesting?
By providing a very simple and inexpensive communication platform, eGroups dramatically reduces the friction to communicate in groups. The power of eGroups also resides in its viral marketing model as communities advertize the service on behalf of the company when they become end-users of the product.
Perspective
"The BV partners’ sincerity, enthusiasm and knowledge of their portfolio companies is unequalled. The do a great job of treading the line between adding value and not getting in the way." -Michael Klein, CEO