That's more like it; Yahoo buys VCless-MyBlogLog (Tech Confidential

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That's more like it; Yahoo buys VCless-MyBlogLog

[Posted on November 17, 2006 - 2:31 PM]

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Update: TechCrunch is reporting this is not a done deal. The two sides are just in early stage discussions.

After writing how puzzling it is for a venture-backed startup to get acquired within months of its financing for a relatively small multiple of the pre-money valuation, ~~a deal comes around that makes more sense.~~

~~Yahoo is acquiring MyBlogLog for a reported $10 million. MyBlogLog never raised venture capital funding, making it a nice payday for co-founders Scott Rafer, Todd Sampson and Eric Marcoullier.~~

The deal is the latest example of the new "dual track", which occurs when a startup weighs raising venture capital against acquisition offers. MyBlogLog was reportedly considering raising a first round of venture capital when Yahoo swooped in.

Rafer, MyBlogLog's CEO, is an entrepreneurial guy involved in a number of side projects when he's not running MyBlogLog. Prior to co-founding MyBlogLog, he was CEO of blog search engine Feedster. I interviewed him about his work there last summer. Watch the video below:

Scott Rafer of Feedster
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Tags: mybloglog, m&a, scott+rafer, yahoo, yhoo, vc, venture capital

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