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Proofpoint – Profile

July 12, 2004

proofpoint logo.bmp
HQ: Cupertino, CA
Founded: July 2003.
Management: Founder and CEO is serial entrepreneur Eric Hahn, 45, formerly CTO of Netscape. Even though Forbes estimates his fortune at $100M, Hahn still likes life in the start-up trenches.
Investors: Two rounds: December 2002 with $7M from Mohr, Davidow Ventures, Benchmark Capital, and Stanford University and a second round of $9M in October 2003 including the orignal investors plus RRE Ventures.
Business Model: Anti-spam, anti-virus, corporate email policy compliance software for the enterprise. Software installed on a server for about $10K base. In most recent quarter, Proofpoint claims more than 50 enterprise wins.
Competitors: Borderware and Symantec Brightmail.
Additional Dirt: Company gets geek cred for using statistical formulas used in genomics to fight spam. High expectations – it will be a major surprise and failure if this one doesn’t float, but enterprise software is always a bear. Founder Hahn is already at work on a new email focused startup.

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