Monster Venture Partners Closing Doors
Venture Capital firm was big backer of generic domain-based companies.
Monster Venture Partners backed a number of companies that were formed with high value generic domain names, such as Alerts.com and Healthcare.com. Other companies Monster Venture Capital invested in were SharedReviews, EvoMedia Group (formerly EvoLanding), and Complaints.com. Because Monster founded the venture capital firm with $7M of his personal money, it’s difficult to determine which companies are backed by Monster Venture Capital and which ones were simply angel investments by Monster.
Rob Monster’s Domain Strategies company has struck a number of development deals with companies, including for Wifi.com as well as a deal with Live Current Media (OTCbb: LIVC) to develop Karate.com. Monster is also involved with Patents.com.
All told, Monster Venture Partners invested in about 20 companies over two years. According to the TechFlash article, most of the companies are now bootstrapping or have raised funds from other investors.
Although it’s unfortunate to see economic conditions force the formal closing of the fund, it’s clear that Rob Monster isn’t leaving the domain space.