McNamee strikes again
The past few days, we've learned why he was so busy. Here's our story in today's Merc about the second move within a week by Elevation Partners -- this time, an investment of $100 million into Homestore, a provider of real estate information.
As we wrote at length before, McNamee has thrived at the center of the valley's investment scene, and has returned upward of...
20 percent year after year. Elevation is interesting because it is the first buyout fund focused on media and entertainment technology.
Also, here is last week's Merc story on McNamee's investment in two game developer companies. Note that Elevation is setting up a holding company headquarters for these game companies at the firm's Menlo Park offices. Doesn't surprise us. When we visited McNamee at Elevation late last year, he showed us with excitement a special conference room that they'd dedicated to filling with games and gizmos. Even then, when the room was still pretty bare, McNamee had dropped his voice to a whisper in reverence to this shrine as he cracked the door to show us inside.
Anyway, maybe now that he's got a couple of deals under his belt, he'll update his The New Normal blog for the first time in six months?
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