Report: Twitter investor Chris Sacca readying venture fund
Well-known angel investor Chris Sacca is about to launch an early-stage venture fund called Lowercase Capital, according to a report in TechCrunch.
The fund would be pretty small, the report says — $5 million in all, with investments of about $50,000 to $150,000 each. Still, it’s encouraging to see new figures entering the venture industry at time when so much of the discussion is doom-and-gloom. As a Twitter backer, former Google employee, and someone who’s outspoken… Continue Reading
‘Separating the men from the boys’ in Government 2.0
Updated
Everyone knows the internet is critical to getting elected nowadays, especially after it played a crucial role in President Obama’s success. But you need to do more than just throw up a Facebook page and a Twitter account, said Obama campaign advisor/Twitter investor Chris Sacca (pictured on the left). At last night’s Startup2Startup event on “Government 2.0,” Sacca told the crowd that politicians shouldn’t just think of online social networking tools as “yet another proxy… Continue Reading
Google’s wireless chief, Sacca, leaves to become angel investor
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Chris Sacca, the head of special initiatives at Google who led Google’s efforts to open up the wireless spectrum to more competition, is leaving Google to invest in early-stage technology companies.
Sacca wielded significant clout at Google. He pushed hard on a free WiFi initiative in San Francisco, but that effort got caught up in a regulatory quagmire, and flagged. However, he succeeded in rolling out free WiFi in Mountain View. Other efforts have been much… Continue Reading
Drug delivery co., Macroflux, raises $75M
Macroflux Corp., a Mountain View developer of drug delivery technology using patches, has raised $75 million in first-round funding, as it spins out from Johnson & Johnson subsidiary ALZA Corp.
Nomura Phase4 Ventures led the deal, and was joined by New Enterprise Associates and HBM Partners. ALZA has a minority position of less than 20 percent in the spin-off, according to VentureWire (sub required), which first reported the news this morning.
Chris Sacca latest Google angel investor
Another Google guy has started investing in start-ups, though this time he is not likely to leave Google anytime soon to do this full-time.
Chris Sacca, a dealmaker at Google and overseer of Google’s WiFi project in San Francisco, says on his blog What is Left that he has invested in popular photo-sharing company, Photobucket — noteworthy, since he’s backing a competitor to Google’s own photo site, Picasa.
But then Sacca isn’t a meek guy. He’s been… Continue Reading