Heavy hitting angel investor Ron Conway, who’s been called the “Godfather of Silicon Valley” by Gary Rivlin, is now focusing most of his investment attention on “real-time data,” according to an email he sent out to friends and contacts earlier this week. Conway was one of the earliest investors in Google, and has invested in more than 500 startups, he’s said in the past.
Conway is changing his relationship with Baseline Ventures, a fund run by Steve Anderson. Since 2006 Baseline has taken the lead in managing Conway’s deal flow. Now, Conway says, he’s reverting back to doing all of his investments directly. He’ll still work closely with Baseline, he says, particularly in syndicating angel rounds and sharing deal flow.
Conway is also accelerating his investing, he says in the email, and has a goal to invest in 40-50 companies in the next 18 months. His focus will be companies exploiting “real-time data,” which he calls “the next billion dollar market opportunity.” Conway is already an investor in Twitter and Facebook, two companies solidly in the real-time space. He’s recently invested in other very young startups like Scoopler and Twitvid. Both are Y Combinator startups. He’s also an advisor to Topsy, a new real-time search engine that launched recently.
David Lee and Brian Pokorny from Baseline now work with Conway directly. Anderson is re-staffing Baseline and will continue to invest $10 million -$12 million per year in young startups.