>Kleiner Perkins Backs Start-Up Doublebill.com
>Kleiner Perkins Caufield & Byers is the proud parent of a new
>company, Doublebill.com, which will be based in the San
>Francisco bay area.
>"We are delighted about the start-up of Doublebill.com,
>both in concept and in terms of the top management team we
>have been able to assemble," stated Vinod Khosla, a partner at
>Kleiner Perkins and a member of the new Doublebill.com
>Board of Directors. Khosla was a co-founder of Daisy Systems
>and founding chief executive officer of Sun Microsystems Inc.
>Eric J. Gertler, the new company's president and chief
>executive officer, commented, "This is just a beginning as we
>expect to significantly enhance the depth and breadth of this
>team in the near future." Gertler most recently served as presi-dent
>and chief operating officer of the magazine group that pub-lishes
>US News & World Report, The Atlantic Monthly and
>Fast Company.
If you actually visit the site,
>Welcome to Doublebill.com
>We are presently working on an exciting web launch. *
They do have their initial press release as the only bit of content
there. The last line is a doozy! But why, then would they have Louis
Monier on board (one smart cookie!)?
>DOUBLEBILL.COM, NEW COMPANY BACKED BY KLEINER
>PERKINS,ANNOUNCES SENIOR MANAGEMENT AND BOARD MEMBERS;SANFORD
>ROBERTSON TO JOIN BOARD OF DIRECTORS
>
>
>SAN FRANCISCO, April 26, 1999 - Kleiner Perkins Caufield & Byers, in
>conjunction with several highly experienced executives, today
>announced the creation of a new company, Doublebill.com. The
>executives bring extensive backgrounds from the media, technology
>and electronic commerce industries. The start-up, which will be
>based in the San Francisco bay area, has received initial-round
>financing from Kleiner Perkins, a Menlo Park, California-based
>venture capital firm.
>"We are delighted to develop Doublebill.com in conjunction with
>Kleiner Perkins," said Eric J. Gertler, who will be the new
>company's President and Chief Executive Officer. "Importantly, this
>is just a beginning as we expect to significantly enhance the depth
>and breadth of this team in the near future." Mr. Gertler most
>recently served as president and chief operating officer of the
>magazine group that publishes U.S. News & World Report, The Atlantic
>Monthly and Fast Company.
>Other members of the management team include Louis Monier, chief
>technology officer, who was the founder and chief technology officer
>of Alta Vista (the web site and the search engine), and Bippy M.
>Siegel, who will be Doublebill.com's co-chairman. Mr. Siegel also
>co-founded AmeriCash, a private company that developed and marketed
>advanced ATMs with an e-commerce platform. The company recently was
>sold to American Express Company.
>"We are delighted about the start-up of Doublebill.com, both in
>concept and in terms of the top management team we have been able to
>assemble," stated Vinod Khosla, who has been named to the
>Doublebill.com Board of Directors. Mr. Khosla, who is a partner at
>Kleiner Perkins, was a co-founder of Daisy Systems and founding
>chief executive officer of Sun Microsystems Inc.
>Also named to Doublebill.com's Board of Directors are Sanford
>Robertson, the founder and former chairman of Robertson Stephens
>Inc., and William R. Hearst III, a partner with Kleiner Perkins.
>The company has not yet disclosed details of its business plan.
My best guess is they've hit upon the porn business' best moneymaking
scam of all, from the name...
Just remember this prospectus from the days of the South Sea Bubble:
"A Company Chartered to Undertake an Enterprise of Great Advantage,
Yet No One To Know What It Is."
Rohit