As we heard in September, VC Michael Hirshland (a.k.a. @VCMike) announced he was leaving Polaris Venture Partners, where he was a general partner, to start his own seed fund. Today, Hirshland is debuting his new fund—Resolute.vc.
Hirshland announces on his blog, I’m thrilled to announce that my new firm, resolute.vc, is incorporated, open for business, and has a live website — the name is the url. Please come learn about us! Much, much more to come.
According to a recent SEC filing, Resolute was looking to raise $25 million. Resolute.vc will invest as little as $50,000 and as much as $750,000 in a company’s initial financing. According to the Resolute.vc’s site, the fund prefers being a lead investor in rounds and dislikes ‘“headless” seed rounds that lack a lead investor.’
As an early stage investor at Polaris Venture Partners, Hirshland led investments in Automattic (WordPress), Quantcast, Q1 Labs (acquired by IBM), Six Waves/Lolapps, KISSMetrics, Formspring, BlackArrow, Thing Labs (acquired by AOL) and Mail Bypass. Hirshland also conceived and led the San Francisco launch of Dogpatch Labs.
The fund’s entrepreneur advisory board includes Adam Bain, Ethan Beard, Keith Rabois, Ellen Levy, Tom Conrad, Jason Harinstein, Dave Goldberg, Dave Kenny, Neil Mohan, Matt Mullenweg, Chamath Palihapitiya, Kevin Rose, Nirav Tolia, Hunter Walk and Ryan Sarver.
Obviously this is just the beginning for Resolute.vc. Stay tuned.