SANTA MONICA, CA -- December 22 -- VENTUREWIRE ã Like many failed dot coms, BizBuyer.com announced earlier this week it will close its doors. Unlike most before it, BizBuyer.com called it quits with money still in the bank. Despite having $35 million in remaining funds from previous rounds of funding, the online request-for-quote Web site determined it couldn ft reach profitability with its current resources.
The leadership plans to return the remaining cash to its investors. The company will shut down its Web site by the end of next week. BizBuyer was funded by CMGI fs @Ventures, TMCT Ventures, Redpoint Ventures, U.S. Venture Partners, Staples.com, Intel, eCompanies Venture Group, and Morgan Stanley Dean Witter Ventures.