Jay Hoag Leaves TheStreet.com Board of Directors
Jay Hoag, a founding general partner of Technology Crossover Ventures, has quietly resigned from the board of directors of TheStreet.com (Nasdaq: TSCM). TCV had invested $55 million into TSCM in November 2007 – buying preferred stock that would convert into common at $14.26 per share. TSCM stock was trading at around $13 at the time, but now sits well below $3 per share. TCV has not named a replacement board member, and Hoag did not return requests for comment.
27 January 2009•1 min read
