DFJ plans to raise up to $500M to invest alongside its affiliates

June 19, 2007 | Matt Marshall

Draper Fisher Jurvetson plans to raise as much as $500 million for a new “co-investment fund that would invest alongside its growing worldwide affiliate partners,: Managing Director Don Wood told PEHub.com.

See its story here.

By the way, PEHub classifies the break away from DFJ by ePlanet Ventures as a “defection,” but we’ve talked with both parties and concluded there was a more fundamental disagreement about how to continue forward. The real significance of the PEHub story is the news about DFJ’s strategy to raise more money to co-invest.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.