From Mobius Venture Capital ashes, arises Foundry Group with $160M-plus fund
A new venture firm has emerged from ashes of Mobius Venture Capital, a well-known venture firm in Silicon Valley which struggled after it failed to perform after the Internet bubble burst.
A group led by Brad Feld, who was in the Colorado office of Mobius, and who has written a popular blog for the last several years, had formed a new firm called Foundry Group.
PE Wire reports it has raised $158.75 million from limited partners like… Continue Reading
Ask the VC
Brad Feld, of Mobius VC, and his colleague Jason Mendelson, have launched a blog called Ask the VC where you can ask VCs questions about how the business works.
The pair learned their lessons, that’s for sure — so are as qualfied as any to dole out advice.
Mobius faction aims to raise $175 million to $200 million fund
We’ve mentioned the decision by Silicon Valley firm Mobius Venture Capital to throw in the towel, and to not raise another fund, due to poor performance.
Now Brad Feld, one of its partners, is joining up with four other Mobius professionals to strike out on their own. That Feld was trying to do this has been known, but VentureWire (sub required) has more details, mentioning that the plan is to raise $175 million to $200 million.
The… Continue Reading
VC Mobius doled out capital “as if there was no tomorrow.”
We’ve mentioned the demise of the well-known Silicon Valley venture firm Mobius Venture Capital before.
The WSJ’s Rebecca Buckman follows up on the story (sub req), and explains how things turned sour after the Internet bubble burst, and how leaders such as Gary Rieschel and Charles Lax, moved on. Lax left in 1999 to form Grand Banks Capital, and Rieschel left a couple of years ago to launch a fund in China.
The firm invested in companies… Continue Reading