Austin Ventures drops $50 million to form Atcor Holdings
Austin Ventures, a VC firm managing around $3 billion across nine funds, has invested $50 million to try and create a new media franchise called Atcor Holdings. The firm has partnered with former Intermix chief operating officer Sherman Atkinson, who will lead the new company.
Atkinson plans to use the money to build Atcor into some sort of new media empire that will expand through a combination of internal development and strategic acquisitions. It’s not yet… Continue Reading