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
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