Imagine a young startup where two of three founders are pushed out the door. Imagine that this same startup parts ways with its COO, its SVP of Finance, its VP of Guest Experience, its VP of Engineering, its VP of Marketing and roughly half its other full-time employees, all within a period of months. Not […]
First Round Capital
The Industry Gets a New, $50 Million Micro-VC Fund of Funds
Today, Venture Investment Associates, a 21-year-old fund of funds group that commits capital to venture capital, growth capital, and private equity groups, is announcing that it has closed on an oversubscribed $50 million seed fund of funds that counts some pretty tony institutions as LPs. Managing director Chris Douvos — who joined the firm in […]
A Small New Fund with a Game-Changing Idea
Unlike venture capitalists, who get to place dozens of bets in search of a winner, founders typically have one shot at winning the startup game. Kent Goldman, a former partner with First Round Capital, thinks he has struck on a way to improve those odds. Today, Goldman takes the wraps off a new, San Francisco-based, […]
Accel Partners Backs Father-Son Team in Sookasa
Sookasa, a 2.5-year-old, 12-person startup in San Mateo, Ca., is taking the wraps off its business today, as well as unveiling $5 million in Series A funding led by Accel Partners, which it closed on last August. No doubt Accel was attracted to the startup’s technology, which promises to dramatically simplify the protection of sensitive […]