Felicis Ventures, the firm
created by early Googler (and VentureBeat investor) Aydin Senkut, just
announced that it has raised $40 million. It’s the firm’s first
institutional fund.
Felicis says it will continue to focus on early-stage mobile and Internet investments. Senkut has invested in more than 60 startups, and 15 of them have already been acquired. Purchased companies include personal finance startup Mint.com (acquired by Intuit), semantic search startup Powerset (acquired by Microsoft), and mobile gaming startup Tapulous (acquired by Disney).
The Palo Alto, Calif. firm describes this as a “super angel” fund, and the fund was first revealed in a Wall Street Journal article about the super angel trend — namely, the rise of angel investors who form an “unofficial upper class” thanks to their cachet and ability to attract other investors. The article highlights how, as Redpoint Ventures‘ Geoff Yang puts it, venture capitalists are still trying to figure out whether these investors are friend or foe.
To read the full, original article click on this link: ‘Super angel’ Aydin Senkut raises $40M fund | VentureBeat
Author: Anthony Ha
