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1. Cypress Communications Inc.
Amount of funding: $79.1 million
Cypress Communications' latest deal registered barely a peep.
About two years after raising $79.1 million, a bonanza trumpeted as one of the biggest venture capital rounds ever amassed by a Georgia company, Cypress Communications Inc. was quietly acquired for $17.5 million by an obscure outfit in Fort Lauderdale, Fla.
U.S. RealTel Inc. (OTC BB: USRT) on Feb. 20 bought Cypress for about a nickel for every dollar Cypress had raised in venture capital and through a $196 million initial public offering in February 2000....