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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.
Size of the funding round was not announced, however, a regulatory filing indicates around $11.36M was raised in the round. The funding was led by Bold Capital Partners, the investment firm run by Peter Diamandis, and also included Warner Bros.,
Los Angeles-based Dreamscape Immersive , which is working on opening up physical "VR centers" across the country, said Wednesday that it has raised $30M in a Series B funding round. The company said it is hoping top open up its first location at the Westfield CenturyCity Mall sometime next year. READ MORE>>.
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. Of course if you’re already known you could put your name or location on your fund name. I know that I call them often to co-invest.
Funding is different – In Silicon Valley you have mega venture capital funds and many of them. They not only have gotten bigger but they have an amazing track record of funding the biggest names in the sector: Cisco, Apple, Google, Facebook. As a result many funds are OK with big bets.
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