American Capital just plunked 160 million into GeoSign. This wasn’t a purchase - it was an investment.

GeoSign is one of my favorite companies on the internet. I ran across them roughly two years, but really got to know what they were upto about a year ago. They do domains (owning fantastic domains like GolfCourses.com and Hockey.com), they do content (a ton of writers/editors), and they do local search (TrueLocal). Take my company, giantize it by a factor of roughly 15, and you have GeoSign

As a follow up Frank has an interview with Tim Nye, GeoSign founder.

This likely won’t make the news on sites like TechCrunch or Read/Write, but this is a significant investment. GeoSign is a strong company, claiming over 35 million unique visitors a month. And since I highly doubt they gave up more than 50%, we can say that this investment values the company at over $300,000,000. In seven years, Tim has taken the company from nothing to such a valuation. Kudos to that success.

I can only guess what they are going to do with that money.