Charles River Ventures’ Angel Experiment: First Nine Investments
Written by on May 11th, 2007 in Ajax News.
When Charles River Ventures announced its Quick Start program last year to provide a few hundred thousand dollars to startups on an expit caused minor ripples in the Angel funding market. Big VCs were starting to eye lucrative very-early stage deals and muscling in on angel-funding territory. For entrepreneurs it was another option for raising capital, but more than one angel investor we talked to was a little nervous about the big funds moving in on their very lucrative territory.
CRV said they’d make 25-50 investments through Quick Start in the first two years. After six months, they are on track to do about 40 investments. Nine have been completed so far and were disclosed at a Stanford Business School quick pitch event I attended this afternoon. Three of these have completed a subsequent Series A round - Mobeus, Aveksa and Samplify. We’ll be covering a number of these in the near future. The average investment size was $250,000.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/116014935/