Summer 2000 @ucla.com
1 | 2 |
3 | 4 |
5 | 6 |
7 | 8 |
and more experienced, she's notably more mellow and less calculating
than her younger counterparts. And she's openly critical of the
lack of social consciousness the dot-com culture has bred. Her parents
were both public school teachers, and her first job out of college
was on the sales floor at Macy's in downtown San Francisco.
if she ever imagined being a CEO of a dot-com, she laughs and says
no. The irony of where she is now doesn't escape her in the least.
"I'm not really an e-commerce person," she says.
applied to Anderson after her roommate brought an application home
for her. When she started, in fall of 1986, it was a primitive world.
"It was the ugly old building," she says of the business
school, "and the big things were investment banking and consulting.
Obviously, nobody was doing any dot-coms." Although the school
did have a computer lab, "I don't think people really used
current M.B.A.s seem to be as savvy about raising money as Donald
Trump, MacDonald was admittedly green when she started PrintPaks.
Thinking it was enough, she and her partner, an investment banker,
launched the company with $100,000 of their own money. A month later,
realizing they needed more, MacDonald called a member of HP's board,
who'd offered to help, who then introduced her to his friend, David
Marquardt. "I hadn't heard of David Marquardt," says MacDonald
with a laugh of the man who put together the financing for Microsoft.
"We met with him, and he was so excited about it. Then, as
soon as the word hit the street, I started getting all these calls
from venture capitalists."
obtaining funding for Kibu.com was a cakewalk. It took MacDonald
and her partners, Molly Lynch, a former executive at Excite@home.com,
and Dave Roux, chairman of Silver Lake Partners, just four months
to raise $22 million. Kleiner Perkins Caulfield & Byers, perhaps
the top venture capital firm in Silicon Valley, kicked in a substantial
amount, while Jim Clark and Tom Jermoluk, Lynch's former boss at
Excite, contributed more than 50 percent of the funding through
their investment arm, the Helix Fund. They also had in their favor
a powerhouse board, including ICM chairman Jeffrey Berg.
venture capitalists have grown stingier in the wake of this spring's
high-tech industry shakeout, MacDonald and her partners weren't
affected. "It was easy for a number of reasons," she explains.
"Last year was a good year to raise money-the fact that we
had management with a track record, we had a very big market that
clearly nobody had gotten attached to and the kind of people who
were already behind it."