Why Charles River Ventures sat out on Twitter’s latest round
When Twitter raised its most recent round of funding at $1 billion, a few players were conspicuously absent, including Union Square Ventures and Charles River Ventures.
Why did Charles River sit out? Size and strategy.
Charles River Ventures is focused on using a $325 million fund for early stage investments. Participating in a high-valuation round means too large a share of the fund goes to too few companies, said George Zachary (pictured), a partner at the firm.
The… Continue Reading
Movers and shakers in the valley: Agassi, Chang, Gur and Siegel
Here are the latest moves in the Silicon Valley venture/executive world:
Shai Agassi, heir apparent at SAP, steps down — The 38-year-old Agassi, the Silicon Valley-based president of Software company SAP, was being groomed for the chief executive job, but became impatient. Stepping down, he has bold plans to help convert his native Israel and its neighbor Jordan into fuel-less economies with nationwide electronic transportation systems. That’s a noble vision, and we wish him well. (See story… Continue Reading