 Its founders raised over $10 million, mostly from Jim Bidzos and ElDorado Ventures, a Menlo Park venture capital firm between May and December 1999.InternetCash's founders were Charles Doherty, Yiannis Tsiounis, Jason Richelson, and Ben Reddy.Doherty, an entrepreneur, had the idea about a pre-paid card system and contacted Yiannis Tsiounis, who had recently completed his Ph.D. in electronic cash, in order to build a suitable architecture for the system and write the appropriate patents.