Motley Fool Holdings Inc. this week announced it raised $25 million in venture financing. Good for The Fool.
But pulling back the curtain, there’s more than just a simple round of financing here. The deal points to creative ways in which venture firms are finding liquidity other than the standard acquisitions, IPOs and secondary sales.
The funding comes from mezzanine investor BIA Digital Partners and growth investor Patriot Capital, new shareholders in the online investing site. Motley Fool’s early investors - venture firms Maveron and Mayfield Fund, which invested during the dot-com bubble - and secondary firm Saints Capital, which bought shares in 2005, did not reinvest. Instead, they will eventually be bought out.
Another Way VCs Are Cashing Out Beyond IPOs And M
