Richard Rosenblatt is a veteran of the dot-com world. In fact, in 2004, he led a turnaround of Intermix and focused on an emerging site, MySpace. Of course, it turned out quite well.
His latest gig is Demand Media, which recently raised $100 million -- with Goldman Sachs (NYSE: GS) leading the round. Over the past couple years, the firm has raised a stunning $320 million.
Basically, Demand Media is an M&A machine, which scouts out for cool dot-com properties, especially popular domain names. The belief is that online real estate is a scarce asset and should grow in value over time.
Since it's privately held, it's not clear how things are going at Demand Media. Then again, Goldman usually doesn't waste its time on loser investments. What's more, in light of this support, it's a good bet we'll see Demand Media hit the IPO market at some point.
If you want to check out other recent venture capital deals, click here.
Tom Taulli is the author of various books, including The Complete M&A Handbook
and The Edgar Online Guide to Decoding Financial Statements
.