Ribbit investor Robert Ackerman talks about good returns, bad markets and ‘Communication 2.0′
Today was probably a good day for Robert Ackerman, managing director and co-founder of Allegis Capital. Less than a year after Allegis led the $10 million second venture round for Ribbit, “Silicon Valley’s first phone company,” BT announced that it has acquired Ribbit for $105 million. That’s supposedly a return of more than 500 percent for Allegis.
I spoke to Ackerman this afternoon, and he described the sale as another validation of Allegis’ investment strategy. That… Continue Reading