Business Services Industry
The Boston Globe Venture Capital Column.
Knight Ridder/Tribune Business News, August, 2001
By Beth Healy, The Boston Globe Knight Ridder/Tribune Business News
Aug. 20--You've got to wonder what's up when they bring in the big guns.
Cereva Networks last week announced that venture heavyweights Paul Ferri of Matrix Partners and Ed Anderson of North Bridge Venture Partners had joined the Internet storage-system maker's board of directors. The move was positioned as good news.
But coming more than two years after the company's launch, and more than a year after the last big batch of funding was made public, the story can't be all good.
It's doubtful that Ferri and Anderson joined the Marlborough company's board to watch it coast to an IPO. (In case you haven't noticed, nobody's going public these days.) But both VCs,...
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