RTP VENTURES announced its existence on September 6, 2011 on this blog. I did not want to do a press release, talk about nebulous market trends, or brag about our fund’s raised capital as is often done by venture firms looking to make a big splash. I always wanted and will continue to insist that our actions should speak louder than our words. I felt that theme, investment stage, geography can be understood by looking at the companies in which a fund invests. Whenever I try to understand what a fund is all about, I usually start with the “portfolio” page and look for companies I recognize, then look at the “team” page and see what the partners are all about. So… I wanted to wait and gather a few data points.
Sixty days passed, and I have been gathering the data instead of blogging about it. Here are the facts. Over the last 60 days I met with 48 companies in various parts of the country. Some facts about them….
- 23 were in the Bay Area (which entailed two week-long trips to SF), 19 in New York, the rest elsewhere
- 15 were Seed investments, 21 were Series A, 10 were Series B, and two were Series C
- I passed on 21 of the companies, 3 were put on the “watch” list, and 18 companies are still in the running. We “lost” 2 investments.
- I am happy to say, we made 4 investments (in chronological order):
About MeI am the Managing Director of RTP Ventures, the U.S. operation of a $700M+ international Venture Capital fund. I was also a Venture Partner at Greycroft. I am a three-time founder and CEO of software companies including Plumtree Software and Elastra. Spent most of my life working on databases and working with VCs. Finally bit the bullet and joined one. Ready for something new. Passionate and intense about Software and New York City. (I know where the title comes from, and... the falcon can not hear the falconer)
Tag CloudApple AppStore CloudEra Edward Tufte Entrepreneur Facebook FarmVille finance FlipBoard FourSquare fundraising Getting Funded Google Greycroft Partners Groupon Investing Investment iPhone Kirill Sheynkman Klout Larry Page libertarian LinkedIn Microsoft mobile MuleSoft new york new york city nodejs nyc Online Communities politics privacy Silicon Valley Social graph Social network SpringSource startups targeting Twitter VC Venture Capital Wall Street Journal World of Warcraft Zynga