It was 1996 and the head of CKS Group was impressed enough with a young, brash guy from Los Angeles to give him a bit of Angel Funding. Eric Greenberg took that money, grabbed a few folks to get going, and put together a plan that attracted capital from Bill Davidow, Vinod Khosla, and Venetia Kontagouris, VCs from Mohr Davidow, Kleiner Perkins, and Trident Capital, respectively.
3 and a half years later, Viant (without Greenberg) and Scient (Greenberg’s next startup) had created a new way of providing consulting in the Internet age and were carrying public market caps of over $1B. CKS’s investment of about $40,000 was cashed in during Viant’s follow-on offering for a bit over $1,000,000.
The leader of CKS at that time, Mark Kvamme, is now taking a leave from Sequoia Capital to help lead Ohio’s business development in a public service role. He’ll be receiving $1 in compensation. Can he find more straw to spin into gold?