Musical chairs in Silicon Valley’s venture world: Theis, Brown, Lisbonne, Marshall, Ringo
updated
Four venture capital personnel moves:
Robert Theis, a venture capitalist who left Silicon Valley firm DCM last year after serving for eight years, has joined Scale Venture Partners, also in Silicon Valley, as managing director. Thies will focus on investment in “technology infrastructure and applications.” At DCM, Theis invested in companies PGP, Roamware, NeoPath (acquired by Cisco) and the now-public VanceInfo. We’re not certain why things didn’t work out at DCM (all sides say something different),… Continue Reading
TCV planning new fund targeted at $2B to $2.5B
Technology Crossover Ventures, the Palo Alto investment firm that invests in both private and public companies, is planning to raise between $2 billion and $2.5 billion for its seventh fund, according to VentureWire (subscription required).
This is more than its previous funds, which were $1.4 billion and $900 million in size.