Two weeks ago Brian Pokorny resigned as a partner at SV Angel, which most people would call the premier angel investing firm in the world, to run a website where teens and pre-teens post pictures of themselves all day long. Ok, it’s one of the fastest growing sites in Silicon Valley right now, but we can still make fun of him a little bit.
SV Angel is in the process of closing its first outside round of funding – to date the firm only has invested capital from founding partner Ron Conway. And given their heavy investment rate of 3-4 companies per month, they needed to find someone to fill Brian’s shoes.
Enter Mike Ghaffary, the newest partner at SV Angel.
Ghaffary joins SV Angel from TrialPay (a SV Angel investment). He was previously a vice president at Summit Partners, a venture capital and private equity fund. And he also co-founded Stitcher, an mobile audio service.
Mike Ghaffary is the Vice President of Business Development at Yelp. He is also the co-founder of the $999.99 iPhone app, BarMax, and advises them. Previously, he was the Co-Founder and Vice President of Business Development of Stitcher, and the Director of Business Development at TrialPay. He was most recently a Vice President at Summit Partners, a venture capital and private equity fund. Previously, Mike worked at the Boston Consulting Group and MSC Software, and also co-founded a startup...
SV Angel is the micro VC firm located in Silicon Valley and founded by angel investors, Ron Conway and David Lee. SV Angel provides capital investments to early stage companies focused on the Internet, e-commerce, and information technology markets. SV Angel is a venture fund which has raised investment from external investors or limited partners in industry parlance. In April 2010, the fund announced its size of $20 million. Per the firm, SV Angel initially expected to raise a...
TrialPay enables customers to pay for one item by trying or buying something else. Their system is used by merchants like Skype to provide users with free trials in exchange for participating in deals from their advertising partners.
DailyBooth lets users follow their friends and update them in real-time through the use of pictures and status updates.
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