Puget Sound Business Journal (August 12, 2005)
The partners at The Madrona Venture Group have always considered themselves to be on the front lines of new Internet technologies.
After all, this is the venture capital firm that made early bets on Internet pioneers such as Amazon.com, Classmates.com, VacationSpot.com and ShareBuilder Inc.
Now, the Seattle venture firm is backing two second-generation startups in the fast-growing online services market employing the same strategy used in the late 1990s -- invest early and don't be afraid to get dirty.
The two new startups -- group travel site TripHub Inc. and Farecast Inc., whose technology helps predict airline ticket prices -- are both products of Madrona's entrepreneur-in-residence, or EIR, program.