Kleiner Perkins Caufield & Byers is finding sufficient worthwhile propositions into which to sink cash from its startling $100m Java venture capital fund, and the latest to become a beneficiary is start-up ClickOver Inc, Palo Alto, which has a program designed to track who is viewing advertising on the Web in beta test – but how much was invested, and on what terms, is a secret between the company and its benefactor. ClickOver is due to make a formal company and product introduction this month. Thomas Churchill, president of ClickOver says Java is a key competitive advantage – we are developing better, more reliable solutions in less time as a direct result of our using Java. The support of the Java Fund will give us an added advantage in building our company and extending our product line. The Java Fund has already provided finance to several start-ups, including Marimba Inc, Active Software Corp and Calico Technology Inc.
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