Within six months, they raised well over $1 million, most of it from a local private equity firm.
He and his wife sold the company to a private equity firm in 2008.
He served as president of Vault.com until its sale in 2007 to a private equity firm.
But it could participate in a deal with a private equity firm or another company.
He is a managing director at a private equity firm, and lives in Florida.
It would be the first of the major private equity firms to go public.
The business was able to buy out these two private equity firms a few years later.
In 2007 3i, the private equity firm, purchased 80% of the company for £60m.
"That is what probably led the private equity firms to put together the deal," he said.
It was sold to a private equity firm in 1994.