Last August we broke the news that angel investor Chris Sacca was expanding his operation and bringing in outside capital to leverage his investments. This has been a bit of a trend recently – successful angels like Ron Conway, Jeff Clavier and Mike Maples have all transitioned from pure angel investors to raising funds.
Sacca’s fund, called Lowercase Capital, was meant to be a $6 million fund. But he’s closed on a total of $8.5 million based on heavy demand, he says. Part of that demand is surely due to the fact that Sacca has transferred some of his earlier angel investments – including Twitter – to the new fund. His investments include SimpleGeo, Fanbridge, DailyBooth, Posterous and Stickybits.
Sacca’s investment philosophy is fairly simple – It’s cheap to create new companies relative to ten years ago, and there are lots of investors to choose from. He promises to invest more than money, though. Like other hyper-successful angels, Sacca says he’ll go to work for you, too:
We dive in to work with teams that obsess over user experiences, customer happiness, and that, to quote Paul Graham, “make something people want.” Along with relatively small amounts of money, we give them the time, attention, and the empathy that catalyze winning outcomes for all involved. Rolling up our sleeves, we help design front pages, invent new services, prioritize product features, negotiate partnerships, and deal with the everyday professional and personal challenges of startup life.
Lowercase Capital provides capital and advisory services to start-ups and late-stage companies alike.
An accomplished venture investor, private equity principal, company advisor, and entrepreneur, Chris manages a portfolio of over fifty consumer web, mobile, and wireless technology start- ups as well as an array of mature enterprises through his holding company, Lowercase Capital. While primarily known for its investments in seed and early stage technology companies, Lowercase has quietly become one of the largest momentum investment funds in the country. Previously, Chris served as Head of Special Initiatives at Google Inc. In that...