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Interview with Mark Suster, GRP Partners

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This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com). GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. We invested in Overture, which was sold for $1.2

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Burstly Adds SoftBank, Founder Collective

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Size of the additional investment was not disclosed. investment from Rincon Venture Partners and GRP Partners. Rifkin was the founder of TagWorld/Flux, which he sold to MTVN in 2008. Burstly recently announced a $1.8M

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Burstly Snags $1.8M For Mobile Ad Tools

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The funding round came from GRP Partners and Rincon Ventures. Mark Suster at GRP lead the firm's investment, with Jim Andelman heading up Rincon's involvement. As part of the investment, Burstly said that it is opening up access to its advertising tools and exiting beta for its product. READ MORE>>.

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Burstly Opens Up Mobile Ad Service

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Burstly is venture backed by Founder Collective, GRP Partners, Rincon Venture Partners, and SoftBank Capital. Rifkin is the former founder of Tagworld, which he sold to MTVN in 2008. READ MORE>>.

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GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

I am super excited to announce that today is a day of lots of new things for my partners & me: A new fund, a new office and a new brand. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). Let’s start with the fund. This month we closed our 4th fund of $200 million.

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Here are More Signs that LA Tech is Moving to the Next Level

Both Sides of the Table

I told him that our market was absolutely booming and was worthy of a commensurate investment. Not that I’ll take credit for what I’m about to announce, but I knew that if somebody could commit to building out LA and making the investments required to kick ass in this market it would be Cooley. Invest they have.

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Does the Size of a VC Fund Matter?

Both Sides of the Table

VC’s don’t invest 100% of their own money. They raise money from institutions who want to have some allocation of their investment dollars in a category known as “alternatives,&# which is supposed to mean higher risk, higher returns. And funds also have investments from the partners of the firm.