Hogan, the former chief of dot-com software firm Vignette, took over HP's software unit in 2006 and quickly launched a turnaround.

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"We're disappointed, but I am hoping that the DOT will give us a firm date, " Mr. Van Bramer said.

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New York venture capital firm Flatiron Partners rocketed to fame during the dot-com delirium by investing in a slew of Silicon Alley startups, including TheStreet.com and now-defunct Kozmo.com.

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He launched online trading two decades later, took his firm public in 1997 and built a national name during the dot-com boom by offering cut rates, bare-bones service and Stuart, a ponytailed spokesman who taught his boss how cool it was to trade online.

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Starlight Runner initially set out to develop software that would allow other companies to tell stories on the Web, but it lost its venture funding after the dot-com bubble burst, so the company retooled into a consulting firm.

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The aftermath of the dot-com bust may seem like an odd place for a venture capital firm to get its start, but that was the case for Emergence Capital and in the decade-plus since the firm started it has eschewed the consumer-centric booms and blowups of the first wave of the Internet in favor of business-focused services.

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