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

39 points by vaksel 17y ago

andreyf 17y 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 17y ago
  Absolutely. He was reported saying: "A hacker's strength flows from Lisp."
joez 17y ago
"Meaning new investors in the fund will start off with stock in Twitter." !.
- deleted 17y ago
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deleted 17y ago
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wensing 17y 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 17y 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 17y 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 17y 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 17y ago
Am I the only one who finds the uppercase lettering rather puzzling?
sx 17y ago
Interesting timing, after this discussion from a couple days ago: http://news.ycombinator.com/item?id=788504 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 17y 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.

39 points by vaksel 17y 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 17y ago
Absolutely. He was reported saying: "A hacker's strength flows from Lisp."

joez 17y ago

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

deleted 17y ago
[deleted]

deleted 17y ago

[deleted]

wensing 17y 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 17y 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 17y 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 17y 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 17y ago

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

sx 17y ago

Interesting timing, after this discussion from a couple days ago: http://news.ycombinator.com/item?id=788504 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 17y 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.