Rebound waits for market rebound

B2B consumer products exchange Rebound plans to stagger its second round financing in the hope that valuations pick up.

B2B business to business exchange Rebound is burning $500,000 a month and needs more money if it is to continue further down the P2P path to profitability. This is before it makes the grade for an initial public offering on Nasdaq in mid-2001. The company provides an online exchange for excess inventory, a market that is estimated to be worth around $100 billion a year, two thirds of which is in Asia-Pacific and North America.

The company, which has some 80 employees in 14 cities around the Asia-Pacific region, had start-up capital of $650,000 and in November last year secured $3 million of first round financing from Goldman...

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