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In my LA I often see computer screens open with entrepreneurs talking about digital media. When you’re one fund and have $600 million to invest it’s easier to take that kind of risk. I meet with Bay Area entrepreneurs all the time and am actively looking to make investments there. Hautelook, Gogii, Magento.
I invested in LA-based Gogii , one of the fastest growing, most exciting mobile social networking companies you’ve never heard of and maker of a product called textPlus. I only recently invested and I only got here through persistence. The opportunity came up to invest in this one and I pounced. More on that later.
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