Austin 360 Home Austin 360 Tech ÔBreaking tech news ÔLocal Tech stocks ÔTech calendar Austin 360 Money ÔBreaking business news Austin 360 Interactive ÔFinancial calculators ÔSearch ÔMessage boards ÔChat ÔShop Weekly Sections Ô Friday:Technopolis Ô Sunday:Insight		business/tech Monday, January 31 Dell, the Web venture capitalist By Jerry Mahoney Monday, January 31, 2000 This just in: Young man named Dell announces plans to create a venture fund in New York to invest in business-to-business Internet startups. Is this news? It's already been reported thatMSD Capital, Michael Dell's private, New York-based investment firm, is putting money into Web enterprises. This time it's Adam R. Dell, the 30-year-old brother of Michael. He's been sort of interning as a VC in California for the past couple of years and now plans to export West Coast strategy to the Northeast with his Impact Venture Partners. Dell has raised $100 million to begin serving a market that he believes isn't getting its share of early-stage B2B financing, according to a spokesman. "He sold his house in Silicon Valley and bought a loft in SoHo," said Richard Dukas of KCSA public relations in New York. "He wants to be the king of business-to-business financing." Impact Venture Partners has backing from MSD Capital; Frank Quattrone, managing director of the investment banking group of CS First Boston; John Mumford, founder of the Silicon Valley venture firm FLAG Ventures; and Crosspoint Venture Partners of Silicon Valley, one of the firms Dell was associated with. The new firm already has written checks totaling $30 million for companies including The National Transportation Exchange, iMark.com of Austin, and Centerbeam, Opus360/FreeAgent.com, CarsDirect.com., Buzzsaw.com and OpenTable.com. A University of Texas law school graduate, Adam Dell spent about two years with Winstead, Sechrest & Minick, the Austin-based firm that does work for Michael and Susan Dell and Dell Computer. The younger Dell left Austin for a stint with the Los Angeles VC firm Enterprise Partners before becoming an associate with Crosspoint.

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