In a powerful demonstration of the value of patient capital, a few days ago Passport Health Communications' latest capital re-infusion -- valued at a minimum $232 million -- allowed dozens of investors to exist the 12-year-old company, presumably feeling pretty good, thanks to investments by two Boston venture capitalists and the continued participation of Primus Capital. Passport officers took pains to emphasize that although the lead investors came from Boston, Passport's marketability and investability were founded on years of support by local angels, local VCs, friends, family and others. Here's today's review of the Passport deal and its background.
Tuesday, August 05, 2008
Staying power: Passport Health investors-as-cicadas
In a powerful demonstration of the value of patient capital, a few days ago Passport Health Communications' latest capital re-infusion -- valued at a minimum $232 million -- allowed dozens of investors to exist the 12-year-old company, presumably feeling pretty good, thanks to investments by two Boston venture capitalists and the continued participation of Primus Capital. Passport officers took pains to emphasize that although the lead investors came from Boston, Passport's marketability and investability were founded on years of support by local angels, local VCs, friends, family and others. Here's today's review of the Passport deal and its background.
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