3 Comments

Summary:

Seed-stage investing is where it’s at these days. If you’re starting an Internet company with the slightest bit of potential, funders are probably already knocking on your door. Now comes word that three East Coast VCs focused on the web are forming another early-stage fund.

Seed-stage investing is where it’s at these days. If you’re starting an Internet company with the slightest bit of potential, funders are probably already knocking on your door. Now comes word that three East Coast venture capitalists focused on the web are teaming up to form another early-stage fund.

Lee Hower

Former Spark Capital senior associate Rob Go, former Point Judith Capital principal Lee Hower and Venrock VP David Beisel have started a new VC firm, according to Galen Moore at Mass High Tech Business News. Go and Hower both recently left their former jobs to work on projects they didn’t specify. As for track records, Hower has backed Swipely and Oneforty, Go is an investor in Shareaholic, and Beisel has invested in AppNexus and BlogHer.

Rob Go

Moore got ahold of an email from Hower describing the firm as a “seed stage investing initiative” that’s “in the very earliest phases of getting…off the ground.”

I’d be interested to know what effect the surplus of early-stage funders is having on traditional venture capital. If you have any thoughts on that, drop me a line.

See also:

Frothy Times for Web Angel Investing

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By Liz Gannes

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  1. GOOD LUCK!

    I know its going to be a HUGE success….This are people working for their heart to enrich the world.

  2. Michael Troiano (@miketrap) Friday, May 14, 2010

    I’ll second that.

    Every VC claims to be able to see things from an entrepreneurs perspective. These guys really do.

    I wish them the best.

  3. Aakar Vachhani Saturday, July 3, 2010

    There’s undoubtably undoubtedly a major shift happening in the internet seed investment space. Some traditional venture firms are missing out but other have realized the trend early on and have been proactive. In some ways these angel funds restrict dealflow to larger funds, but at the same time, the larger funds have often been unwilling to write smaller checks or dedicated the time and effort to working with entrepreneurs. I took a looks at Lowercase Capital and examined the shift from there on my blog: http://bit.ly/aK7C8X

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