While IPOs might be a tough bet for the rest of the year, venture capitalists still are optimistic. They continue to pour huge amounts of money into high-growth companies. And, as seen with the recent public offerings of companies like Zillow (NYSE:Z), HomeAway (NASDAQ:AWAY) and LinkedIn (NYSE:LNKD), it still looks like investors are interested in next-generation dot-coms.
So what companies are VCs looking at? One interesting example is GrubHub, which raised $50 million in a new funding. The investors include Lightspeed Ventures, Mesirow Financial, Benchmark Capital, Greenspring Associates and DAG Ventures.
GrubHub got its start back in 2007. The founders met while at Apartments.com but got the entrepreneurial itch. Basically, they saw an opportunity to transform the restaurant business. GrubHub would make it extremely easy to order food online, then have it delivered. The service would be free to users, but companies would be required to pay a commission for each lead. Read