Angel Investor Chris Sacca To Launch $5 million Early Stage Venture Fund
Sacca was previously the head of strategic initiatives at Google (he left Google in 2007), has invested in at least twenty or so startups in the last three years. Investments include Photobucket, Twitter, bit.ly, Someecards, Posterous and others.
Our understanding is that the fund is partially closed, and some or all of Sacca’s previous investments, including Twitter, will be moved to the new fund. Meaning new investors in the fund will start off with stock in Twitter.
Sacca didn’t respond to my request for comment. But I did track down Y Combinator cofounder Paul Graham and asked for his thoughts on Sacca, who has invested in a number of Y Combinator startups. Said Graham: “This fund could make a difference, because Chris is so different from most VCs. He isn’t driven primarily by fear.”