PALO ALTO, Calif. - According to Warren Marshall, CEO of Stanford FCU's CyberBranch, an Internet solutions CUSO, the CUSO will bring on new investors over the coming months. In a report in the San Francisco Business Times, Marshall said the CUSO has been visiting with venture capitalists for the past 45 days. He said CyberBranch will do $3 million in sales this year and that will climb to $14 million next year. Marshall said the credit union's ownership stake in the CUSO could be reduced as investors join in. Marshall had previously told Credit Union Times that there are no plans to convert CyberBranch from its CUSO structure, nor to go public. -pgentile@cutimes.com
CyberBranch looking for venture funds
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