Series A1
Cambrian Ventures, $250 000 pre $1M. Founders of Kosmix and Junglee.
Series A2
Alloy Ventures, $5M PRE $6M
Sevin Rosen, $5M PRE $6M
Stanford Technology Fund
Series A3
Alloy Ventures & Sevin Rosen $5M PRE $6
(Yes that is $10M from those suckers)
Series B
Alloy Ventures
Sevin Rosen
Sigma Partners
Series C
TBA soon!
Yes indeed, we founded YouSendIt in January 2004 (well slightly earlier) with three grads from McGill University. Two brothers and one guy who stabbed the other guys in the back just to ensure he could move forward as CEO and keep control of the company.
We were making $1M/year back in July 2005 before the $5M PER $6M round and right around then, together with a GSB grad, the founder tried to call up California to make himself CEO kicking out the previous CEO without his knowledge.
Unfortunately California would not let him do this, so he had to concoct a story that the other CEO would believe so that he’d sign over the company then he could fire the two brothers.
Well done!
YouSendIt Lawsuit posted an ad on Craigslist this weeks in hopes of getting the attention of a lawyer that didn’t want to charge $500/hour to make money. YouSendIt’s lawyers Fenwick & West had covered up lies in board meetings to ensure its clients are paying their $500/hour.
I saw this first hand, complete with board members of Yahoo on the board of YouSendIt.
YouSendIt is my company! I created it but got kicked out in 2006. Started it in 2004 and since then have moved onto building new businesses.
But while this one is still around and looking for a Series C, we may as well talk about it. Put up some google ad words and ensure that new investors know about the details of how YouSendIt works. Where it was founded, what kind of revenue it is doing so that they can best value the company.
After all its all about business value isn’t it?
YouSendIt Lawsuit 