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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. Let’s start with the fund. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). This month we closed our 4th fund of $200 million.
In his blog he says, “I responded that I thought it was stupid. not near the beach): Factual, founded by Gil Elbaz who built AdSense [CenturyCity]. But if you were going to start a venture capital fund today, you’d want to stand out. My views are pretty well known. I hate Silicon Whatever. LA should be LA.”
Last night, Santa Monica-based Factual (www.factual.com), the data provider and data tools firm, announced a big, $25M funding round from Andreessen Horowitz and Index Ventures. This is a pretty big round and is a lot of funding--what are you using it for? So, with funding in hand, what are your particular goals in the next few months?
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