There’s an age-old debate in Silicon Valley over whether or not you have to have started a company before to be a great VC. While many of the best VCs in Valley history weren’t entrepreneurs, the bias is heavily on investors who know firsthand what entrepreneurs are going through. But what about VCs who are building companies at the same time they are backing them?
It’s a growing trend as serial… → Read More
Now here’s a funding deal you don’t get to write about everyday. True Ventures has invested $2.5 million in a tongue scraper. That’s not high-tech jargon for, say, a scummy site that steals private data off of your social networks and sells it to marketers. True Ventures newest portfolio company is a small consumer package good company out of Provo, Utah that sold a million tongue brushes last… → Read More
In the midst of the implosion of the financial markets in 2008, True Ventures raised its second fund. Founder and partner Phil Black tells us that shortly after this raise in early 2009 (which he calls the “dark days in the financial world”), the fund’s partners were sitting at a meeting looking for innovative ways they could help jump start the tech economy. Inspired by President Obama’s 2009… → Read More
Looks like Jaiku founder and former Googler Jyri Engeström is up to something new. According to an SEC filing, a startup listing Engeström as chief executive officer called Pingpin has just raised $775,000 in financing.
A new seed fund called Resonant Venture Partners opened its office doors in Ann Arbor, Michigan today.
Founded by Michael Godwin and Jason Townsend, Resonant aims to raise $10 million within the next 18 months, and to invest up to $500,000 per seed round in regional firms across a variety of high-tech sectors: IT, life sciences, advanced manufacturing, alternative energy and defense.
Though… → Read More
Kleiner Perkins Caufield & Byers led the Series B round, while existing investors True Ventures and Radar Partners – which participated in the Series A round back in June 2009 – also contributed to the… → Read More
BackType, one of the better conversation tracking tools we’ve come across so far, is releasing a couple of new features today that arguably make it a top gun in the space. The startup, launched in August 2008 on $15k thanks to Y Combinator’s summer program, has also closed a round of seed funding to the tune of $300,000 from True Ventures, led by the firm’s founder and partner Toni Schneider… → Read More