Bad news for the investors in Good Technology. After pouring in more than $200 million since May 2000, investors in the enterprise mobile e-mail company can't be pleased with the news that the startup is being sold to Motorola for an undisclosed amount. Good had been one of Silicon Valley's best funded startups.

Now, I don't know how much that undisclosed amount Motorola is paying amounts to. But it surely must be less than $500 million since that represents 1% of Motorola's $50 billion market capitalization. Anything above that should be considered material and therefore, needs to be disclosed. The actual purchase price was probably far below $500 million. UPDATE: The Deal has reported that Motorola paid $500 million in cash for Good.

Good's earliest backers were Benchmark Capital and Kleiner Perkins Caufield & Byers. Later stage investors that will be earning less of a return off of this exit include Advanced Equities, BA Venture Partners, Broadview Capital Partners, Crosslink Capital Inc., K1 Ventures Ltd. and Maveron LLC.

For more on Good Technology's disappointing exit, see:
News.com
Tom Taulli

Tags: good+technology, motorola, mobile, m&a, vc, venture+capital