ARTICLE | Finance
Ebb & Flow
March 18, 2002 8:00 AM UTC
The quiet shuttering of the doors at DoubleTwist serves as a reminder that even smart money can get cooked when chasing the latest trend.
On the promise of the marriage between information technology and life sciences, the company was able to raise $76 million through a group of blue chip VCs. That group included Mayfield Fund, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, MDS Capital, Boston Millennia Partners, Levensohn Capital Management, Moss Forest Ventures, The Burrill Agbio Capital Fund, Mitsui & Co. (U.S.A.), MPM Asset Management, T. Rowe Price, the INVESCO Global Health Sciences Fund, Lone Pine Capital, and Amerindo Investment Advisors...