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Technology and the Internet

THE CUTTING EDGE/TECHNOLOGY NEWS : ECompanies Invests in Start-Up EHobbies

By Karen Kaplan
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The venture capital arm of Internet business incubator ECompanies has invested several million dollars in Santa Monica-based EHobbies, which is launching an electronic-commerce Web site next month focused on the $3-billion-to-$5-billion hobby market. The investment, announced Wednesday, is the first for the 3-month-old incubator, which has raised $130 million to invest in Internet start-ups. EHobbies will not be moving into ECompanies’ Santa Monica incubator, but the start-up will work with ECompanies’ business consultants and mentors, said Brad Sobel, chief executive and co-founder of EHobbies. The firm plans to sell model trains, radio-controlled cars, rocketry kits and other items, as well as provide an online gathering place for serious hobbyists.

Technology and the InternetBusiness
Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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