Venture capitalists, whether part of a firm or independent angel investors, play an important role in financing tech innovation. These movers and shakers dominate venture funding.
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In 1999, brothers Alexander, Marc, and Oliver Samwer founded Alando.de, which became the market leader of Internet auctions in Germany. The brothers later sold to eBay and worked for the online auction giant, turning eBay Germany into the most profitable international site of eBay worldwide. A year later, the trio founded Jamba! AG, which became the market leader for wireless content, such as music, pictures, games, and videos for mobile phones. In 2004, Verisign acquired Jamba! AG and, then two years later, News Corp. acquired 51% of the company. As European Founders, the brothers leverage their expertise to work with early- and later-stage investments in technology companies, especially with an Internet, software, or wireless focus. To date, European Founders has invested in businesses such as LinkedIn, Facebook, HomeAway, and Sport1.