Texas Startup Blog written by Alexander Muse

Austin Ventures buying Entrepreneur!

July 1, 2008

According to PaidContent, “Austin Ventures and Another PE Firm Buying Entrepreneur Media“.  The story came out in April, but I missed it completely.  The company generated more than $60MM in revenue last year and the deal is reportedly under $200MM.  Rafat explains,

The company was founded as a newsletter in 1973 and launched as Entrepreneur magazine in 1977. It also has a biggish online presence and operates book publishing unit Entrepreneur Press. Entrepreneur.com was launched in 1996, and has been popular and very profitable, a big part of the appeal to the buyers, our sources say.