Investments
5 Investments in 5 Companies
Exits
2 Acquisitions
Founded:
1994
Founders:
Jay M. Tenenbaum
Headquarters:
Palo Alto, CA
Description:
At CommerceNet, they harness the power of the Internet to transform existing processes—making them better, faster, and more efficient.
Website:
http://www.commerce.net

Detailed Description

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At CommerceNet, they harness the power of the Internet to transform existing processes—making them better, faster, and more efficient. They do this by:

-Finding the right talent and backing it

-Tapping the collective intelligence to solve problems and improve decisions

-Redefining processes to put more intelligence into software

-Dramatically lowering transaction costs, creating new categories of products and services

As a result,they've created a balanced portfolio of initiatives—long-term and short, high risk and sure thing, never been tried and retried at the right time, too theoretical to work and so obvious it must have been tried long ago.

Currently, their two biggest passions are changing how Internet security is done and improving healthcare by industrializing therapy development. Both of these initiatives utilize the Internet to radically alter the status quo, introducing novel approaches to long-standing problems.

Current Team (6)

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Past Team (4)

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  • Cb default image

    Rachna Dhamija

    CommerceNet Fellow
    Jan 1, 2008
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    Ash Vasudevan

    Vice President, Strategic Initiatives and Investment
    1999 - Jan, 2003
  • 47b52614ebf3a4da4f5b74466529c8d8

    Jay Weber

    Architect, Entertainment Initiatives
    2003 - Jan, 2003
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    Steve Weiss

    VP, New Business Initiatives
    2003 - Jan, 2005

Investments (5)

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  • F26331da0ba6fe4a3e3cf0172bde1e08

    Angstro

    Angstro delivers critical business news about people and companies across professional networks.

    $225k  / Seed

    May 1, 2007 - Seed Round Details
  • 4f2067fa60b792dbe55f116537c3b4b5

    PatientsLikeMe

    PatientsLikeMe is an online community that allows patients with life-altering diseases to...

    $5M  / Series A

    Feb 5, 2007 - Series A Details
  • Dc2e5a4e6872fab001a1f3f45880bb23

    Powerset

    Powerset is a search engine focused on in-depth natural language processing.

    $2M  / Series A with 2 other investors

    May 1, 2006 - Series A Details
  • A01f38f0104dfab9bf6a48a0c21be12f

    ChipIn

    ChipIn is an online fundraising service that includes a widget and application developer for...

    $200k  / Unknown

    Jan 1, 2006 - Unknown Round Details
  • Tjxfjsve2svgiuhfrnaq

    SupplyFrame

    SupplyFrame is an technology company that exists to make life better for electronics professionals.

    $2M  / Seed

    Aug, 2003 - Seed Round Details

Board Members and Advisors (1)

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Offices/Locations (1)

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  • Palo Alto Office

    169 University Avenue

    Palo Alto, CA 94301

    USA