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Gil Elbaz On Factual's New Warchest

socalTECH

The firm is headed by Gil Elbaz , who is known for co-founding Applied Semantics, the firm which invented Google's AdSense product. That very big vision is an open database platform, providing data as a service across different verticals. This is a pretty big round and is a lot of funding--what are you using it for?

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Want to Start a Technology Company in LA?

Both Sides of the Table

It’s not uncommon for incredibly smart and talented Phd’s or CS majors from Stanford to raise $10 million on an early-stage “platform&# that if it succeeds it will be huge. If you want to hire very experienced product managers there are less of these than I would like. As a result many funds are OK with big bets.

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