What Company Is About:
Founded by Jim Cramer, the financial news website is looking to grow both organically and through strategic acquisitions, in its effort to become a dominate destination site for information regarding money.
How Much They Got FRom VCs:
Technology Crossover Ventures has purchased a minority stake in TheStreet.com, in a move to help the company continue its growth. For the minority stake, TCV paid $55 million, which includes the purchase of preferred stock and warrants to purchase shared of common stock. TCV’s founding general partner has also joined TheStreet’s board.
How They Are Progressing And What's Further Plan:
Towards the end of organic growth, TheStreet will be launching a new site called Mainstreet.com, which looks to be a lifestyle-oriented online publication for resources regarding money news and money management.
TheStreet will also be re-launching TheStreet and Stockpickr, which is one of the companies it has already acquired. As Stockpickr has a bit of social networking capabilities involved in its site, it’s pretty clear that TheStreet is moving towards a diverse repertoire of money-related online resources and tools. Promotions.com is the other acquisition that’s already been made by TheStreet.
More at:http://www.thestreet.com/
www.stockpickr.com
www.Mainstreet.com
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