Monster Venture Partners Closing Doors

Venture Capital firm was big backer of generic domain-based firms.

Rob Monster’s Monster Venture Partners is closing its doors, notes TechFlash.

Monster Venture Partners backed a number of firms that were formed with high value generic domain names, such as Alerts.com and Healthcare.com. Other firms Monster Venture Capital invested in were SharedReviews, EvoMedia Group (formerly EvoLanding), and Complaints.com. Since Monster founded the venture capital firm with $7M of his personal money, it’s difficult to determine which firms are backed by Monster Venture Capital and which ones were simply angel investments by Monster.

Rob Monster’s Domain Strategies firm has struck a number of development deals with firms, counting for Wifi.com as well as a deal with Live Current Media (OTCbb: LIVC) to develop Karate.com. Monster is also involved with Patents.com.

All told, Monster Venture Partners invested in regarding 20 firms over two years. As stated by the TechFlash article, most of the firms are now bootstrapping or have raised funds from other investors.

Although it’s unfortunate to see economic conditions force the formal closing of the fund, it’s clear that Rob Monster isn’t leaving the domain space.