- The Washington Times - Monday, July 17, 2000

Sandbox scores

Sandbox.com, a Reston-based on-line games provider, received a $20 million investment from Go2Net Inc., an Internet network company, and Vulcan Ventures Inc., Paul Allen's investment organization.

The company offers interactive sports and entertainment games over the Internet, including fantasy sports, sweepstakes, trivia, financial, arcade, and casino games. It has about 3.7 million registered members.

As part of last week's deal, Vulcan Ventures received a seat on Sandbox.com's board of directors. Also, Sandbox.com will now offer selected versions of its games through Go2Net's games site, www.playsite.com, and Silicon Investor, www.siliconinvestor.com. Over the next three years, the company will customize at least 20 co-branded games for the Go2Net network.

The capital gives Sandbox.com a positive cash flow until early next year.

EqualFooting inks deal

EqualFooting.com, an on-line industrial supplies marketplace that caters to small businesses, finished its second round of financing last week with $60 million.

New investors in the Sterling-based company include Textron Inc., Safeguard Scientifics Inc., Women's Growth Capital Fund, and Yahoo Inc.

The round also includes investments from earlier backers such as New Enterprise Associates, Capital Investors, Draper Richards, Friedman Billings Ramsey Technology Venture Partners, and former Federal Communications Commission Chairman Reed Hundt.

EqualFooting will use the new financing to expand its marketing campaign, and further develop its technologies.

The company last week also entered a marketing agreement with Yahoo to become one of two anchor tenants on Yahoo's business-to-business marketplace, www.b2b.yahoo.com.

"This marketing relationship leverages Yahoo's expertise in aggregating and distributing content and services to one of the largest purchasing audiences on the Internet," said Angie Kim, president and chief customer officer of EqualFooting.

Lining up on line

More than three out of four U.S. Internet users will be purchasing on line by 2003, according to the new eConsumer Shopping Report by New York-based eMarketer. By the end of this year the number of Internet shoppers will increase by 73 percent to 63.4 million and will soar to 106 million by 2003.



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