Angel Investor Chris Sacca To Launch $5 million Early Stage Venture Fund

http://www.techcrunch.com/2009/08/28/angel-investor-chris-sacca-to-launch-5-million-early-stage-venture-fund/

by vaksel • 17 years ago

39 10 17 years ago

andreyf• 17 years ago

Said Graham: “This fund could make a difference, because Chris is so different from most VCs. He isn’t driven primarily by fear.”

Is it just me or is PG starting to sound more and more like Yoda?

acangiano• 17 years ago

Absolutely. He was reported saying: "A hacker's strength flows from Lisp."

joez• 17 years ago

"Meaning new investors in the fund will start off with stock in Twitter." !.

wensing• 17 years ago

We definitely need more funds like these. It's been our experience that raising this amount of money is inordinately time-consuming.

I wonder what kind of proposal/plan/due diligence an entrepreneur needs to present to get $150,000.

tlrobinson• 17 years ago

Can someone explain how moving existing investments to a new fund works?

"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."

wheels• 17 years ago

Chris seems like a groovy dude, but I have to admit mild annoyance at people labeling themselves a venture fund when doing basically angel-level investments. It just sets up different expectations and causes a bit of confusion.

wavesplash• 17 years ago

Just means he'll have an excuse to value your investment round instead of just participating in convertible. Now in the valley we have SofttechVC, Lowercase, OATV, FirstRound, Baseline, and a handful of others trying to extract 20% from you for money you used to be able to get for 3-10%. On the bright side, more competition is good.

timtrueman• 17 years ago

Am I the only one who finds the uppercase lettering rather puzzling?

sx• 17 years ago

Interesting timing, after this discussion from a couple days ago: http://news.ycombinator.com/item?id=788504

I think that investments in the $50k-$150K range and possibly a bit more (~$300K) definitely match a need

puzzle-out• 17 years ago

Sacca is a mega impressive guy, when presenting on Google based material. I've seen him present his own lowercase capital stuff since he left and it lacked the wit and insight which he is famed for; infact one presentation was damnright lame, bring a horse to water nonsense. He needs to employ an script writer like his Jesus, Obama, if the Sacca-brand is to continue.

Angel Investor Chris Sacca To Launch $5 million Early Stage Venture Fund

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