Angel Investor Chris Sacca To Launch $5 million Early Stage Venture Fund | Hacker News Reader

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

techcrunch.com

39 pointsvaksel10 comments

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?

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

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."

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.

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.

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

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

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.

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

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.

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