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Though there’s no lack of venture capitalists in Silicon Valley, you can count one more. Maveron this week announced it is opening a San Francisco office, headed by partner Amy Errett, the former CEO of Olivia.com who joined Maveron as an entrepreneur in residence two years ago.
Errett (a fly-fishing enthusiast, as pictured) told us that Maveron differentiates itself because it will only fund consumer-focused businesses, and it spans the range of seed to late-stage investments. With portfolio companies such as kids’ browser KidZui, language education site Livemocha and online college enabler Altius Education, Errett said her two main areas of focus are “web-enabled consumer services — classically things consumers did offline — and online education.”
Some areas she’d like to invest in: social shopping (where Maveron is already incubating a company), virtual goods and currency, disintermediation of markets (Errett was formerly an executive at Etrade), real estate, autos, classifieds — basically, any business usually conducted offline that can become more efficient online. How does that thesis apply to the venture business? Errett said she expects venture to become more efficient, too, but that Maveron’s close relationships with its companies through all the stages of their business will pull it through.