FedEx alumni fail in VC cap raise

Ken May, a former CEO of FedEx Office, and Bill Doherty, who oversaw the eastern U.S. for FedEx Office, have, according to Saturday's Commercial Appeal, sold their interests in Memphis-based online auction site Bidtopia.com, after failing to attract more TCs for the venture's expansion. Parent company Warehouse86 principal Paul St. James said bidtopia.com and sister Web site bargainland.net will be operated by a new parent company, SellerTech. The CA has it.