Combining Portfolio Companies To Save Them

This week I reported that Mohr Davidow had combined two of its cancer-fighting biotech startups -- CELLective Diagnostics and The DNA Repair Company -- into a third, new company called On-Q-ity. Last month I reported that Box.net, a Draper Fisher-funded service to share and store content online, had purchased another Draper, Fisher-backed company -- Increo. It turns out that this is a trend. Mohr Davidow's Sue Siegel said she knew of two other venture firms that are talking about ways to combine each other's portfolio companies, and a glance through the tech blogs of the last couple months shows that Softbank Capital and angel investor Ron Conway may be doing the same.

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