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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

Founded in 2009 in Los Angeles by Michelle Crames. Current round: $8.1mm in Series C by S3 Ventures (lead), Adams Capital Mgmt, Triangle Peak Partners. Total raised: $120.3mm; $43.5mm raised prior to 2006 recap; post-recap, raised $7.7mm; Series B in 2009 for $15mm; – Read more: VentureWire (requires subscription).

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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

They started by offering cloud storage (S3) on a super cheap, pay-as-you consume basis. The biggest media attention in our industry went to the so-called “super angels&# during the 2009/10 timeframe and while I don’t believe there is such thing as a super angel I believe that much media attention was deserved.