The Fine Art of the Deal - ArtFace.com acquires EArtGroup.com - Company Business and Marketing

Industry Standard, The, Dec, 2000 by Reena Jana

Paint by Numbers
Investors eagerly signed on as patrons of art sites but haven't seen
much for their money.
Site            Early Investors
Artnet.com      $6 million - Prime Asset Management
Circline.com    $7.4 million - Bessemer, Trinity Ventures
eArtGroup.com   $2.4 million - Archery Capital
Guild.com       $3.5 million - Benchmark Capital
iCollector.com  $4.2 million - Bernard Arnault
NextMonet.com   $5 million - CMGI Atventures
Site            Status
Artnet.com      Stock sunk low on Neuer Markt.
Circline.com    Adding employees and boosting
                office space, but lost some
                top staff.
eArtGroup.com   Cut staff. To be sold to
                Artface.com.
Guild.com       Nabbed another $10 million in
                August.
iCollector.com  Postponed IPO, but grabbed an
                additional $9.4 million.
NextMonet.com   Fighting rumors of layoffs -
                even as it adds staff.